MarketQ
Short

There are too many ETH and it threatens the Price

KRAKEN:ETHUSD   ETHUSD
snapshot

The amount released from the pre-sale is disturbing as you can see here http://ether.fund/market there were 60,102,216 ETH purchased in the pre-sale and of those the top 100 purchasers hold more than 40.7% of the ETH sale. ( these whales can ruin the price as we might already be seeing). In addition to this enormous sum of ICO             coins there is a 12 million ETH Dev bounty, there are now so many people ( the devs and the 100 largest eth buyers) that are highly incentivized to dump on the market. Especially as the realization that side chains can independently do what ether wants to using layers on top of the already widely adopted Bitcoin blockchain.

Even if Ethereum worked as it should, one could simply fork it or adopt its features and instantly have a better system then the original because there wouldn’t be a number of coins (gas for the network) disproportionately distributed to those that participated in the initial coin offering or the large bounty paid out to Devs. For those that argue that the Devs are necessary for the success of the project I have two things to say. There exists no incentive to keep developing once you have been paid (it really seems from charts that devs are in fact cashing out), and secondly as Paul Sztorc mentions in his recent article www.truthcoin.info/blog/contracts-oracles-sidechains the Devs have left us with no more than an ambiguous framework for other people to develop on top of, those are the people that will need funding to maintain and grow the network not the ones that built the framework.

KRAKEN:ETHUSD            
MarketQ
a year ago
To my incredible surprise a few exchanges are allowing people to placed leveraged shorts against ETH, primarily Kraken which allows you to short ETHXBT (Ether to Bitcoin) at 2.5 X leverage and Bitmex which allows you to short Ether futures with up to 5 X leverage. If you do sign up to Bitmex to short Ether be sure to use my referral link, it won’t cost you anything and I will get something for it. https://www.bitmex.com/register/MY6NFj

The Paul Sztorc Article http://www.truthcoin.info/blog/contracts-oracles-sidechains/

Link to the Tradingview chart
ETHER TO ZERO [A CHAT WITH PAUL SZTORC]
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out