Re: IDEAL: no ICOs, no proof-of-work, no proof-of-stake, no governance, and no forks

I am going to add "No Marginable Exchanges" to the OP.

Quote from: iamnotback on June 26, 2016, 12:43:37 AM

Apparently the first and most immoral aspect of crypto work that needs to be addressed is how centralized exchanges are turning the entire ecosystem into a criminal enterprise:

Quote from: iamnotback on June 26, 2016, 12:41:00 AM

The probable reason that whales (insiders) don't want DEX (decentralized exchange) is because then they can't do their "print demand out of thin air" margined premine manipulation pumps:

Quote from: iamnotback on June 26, 2016, 12:34:08 AM

r0ach your allegation about ETH being manipulated is starting to resonate on this board:

Quote from: iamnotback on June 26, 2016, 12:24:55 AM

Quote from: SuicidalTendencies on June 26, 2016, 12:20:32 AM

The bolded part in your response is exactly what ETH/DAO is. Not to say these maniacs can't push the price much higher in the future but the con will only last so long.

The way the insiders manipulate the market with these premined tokens is explained, and note the high leverage employed which means if they run out of tokens to margin with, it is like a house-of-cards and will implode to 0 in a heartbeat:

https://bitcointalk.org/index.php?topic=1524111.msg15340159#msg15340159

They siphon off BTC for as long as they can and high as they can pump it, then game over and they walk away with BTC and the fools walk away with empty bags.

Also some (including the Daoattacker) allege that the USGovt + MIT (university) are complicit in the ETH pump:

https://bitcointalk.org/index.php?topic=1413819.msg15343686#msg15343686