Ethereum price discussion

[Tuck Fheman]

i dunno man, i'm just nervous that there aren't any great wallet alternatives to transfer my ETH out of poloniex.

u no like Mist?

[cylonmaker2053]

Is poloniex pumping ETH?

https://bitsharestalk.org/index.php/topic,21830.msg284487/topicseen.html#msg284487

i dunno man, i'm just nervous that there aren't any great wallet alternatives to transfer my ETH out of poloniex.

[liondani]

Is poloniex pumping ETH?

https://bitsharestalk.org/index.php/topic,21830.msg284487/topicseen.html#msg284487

[Buck Fankers]

.021

  ;)

[cube]

I'm thinking ETH will fall to around 0.015 before the uptrend can resume.

.021

1/3 off in a couple of days.  Beginning of a bubble burst?

[Buck Fankers]

I'm thinking ETH will fall to around 0.015 before the uptrend can resume.

.021

[Ander]

So far BTS is crap :(

[werneo]

Werneo might be right I think, potential ETH crash to under .02.

I'm thinking ETH will fall to around 0.015 before the uptrend can resume. If it does drop, the other alts will go down with it, at least for a little while. I'm hoping BTS will rally in the wake of an ETH sell-off.

[Ander]

Werneo might be right I think, potential ETH crash to under .02.

[Tuck Fheman]

The ETH refugees are spiking BTS right now.

[werneo]

Maybe it finally topped? I dont know.

The ETH refugees are spiking BTS right now.

[Ander]

Maybe it finally topped? I dont know.

[cube]

poloniex must be making tons of monies from the big pumps/trading.  Imagine this kind of trading done on the DEX.  The trading fees that bts is missing...

Until it gets hacked  :P it must have a pretty big target on its back atm

What is keeping poloniex from moving on BitShares ?

How far are we from being able to attract exchange with that kind of "target on the back" in our more secured environment ?

What's keeping them from joining is they havent been hacked lately.

I fail to understand this 'hack' thing.  Aren't bts bridges/gateways subject to the same risks of having their btc/altcoin hot wallets being hacked?

Bridges don't hold your coins like an exchange do, they are simply used to make a transaction when you want to convert crypto, which means the time you're exposed to a hack is way less, meaning it has less risk.

Of course though, if you use a btc IOU form a third party you're still at risk that third party gets hacked and looses their BTC. That's why collaterized assets are important and why sidechains are even better (require less collateral than our current model). Still, an exchange has more risks of getting hacked other than loosing private keys. It can mess up the database for example, loose users information details, passwords, etc. At least with BitShares the user is the only one who has those.

It's not 100% risk free. But it decreases possible attack vectors.

My point is that once a bridge/gateway's btc/altcoin wallets are hacked and they lost all their coins, the bridge/gateway simply can no longer survive and their IOUs become worthless.  I do not see a significant advantage over centralised exchanges.

[Akado]

poloniex must be making tons of monies from the big pumps/trading.  Imagine this kind of trading done on the DEX.  The trading fees that bts is missing...

Until it gets hacked  :P it must have a pretty big target on its back atm

What is keeping poloniex from moving on BitShares ?

How far are we from being able to attract exchange with that kind of "target on the back" in our more secured environment ?

What's keeping them from joining is they havent been hacked lately.

I fail to understand this 'hack' thing.  Aren't bts bridges/gateways subject to the same risks of having their btc/altcoin hot wallets being hacked?

Bridges don't hold your coins like an exchange do, they are simply used to make a transaction when you want to convert crypto, which means the time you're exposed to a hack is way less, meaning it has less risk.

Of course though, if you use a btc IOU form a third party you're still at risk that third party gets hacked and looses their BTC. That's why collaterized assets are important and why sidechains are even better (require less collateral than our current model). Still, an exchange has more risks of getting hacked other than loosing private keys. It can mess up the database for example, loose users information details, passwords, etc. At least with BitShares the user is the only one who has those.

It's not 100% risk free. But it decreases possible attack vectors.

[cube]

poloniex must be making tons of monies from the big pumps/trading.  Imagine this kind of trading done on the DEX.  The trading fees that bts is missing...

Until it gets hacked  :P it must have a pretty big target on its back atm

What is keeping poloniex from moving on BitShares ?

How far are we from being able to attract exchange with that kind of "target on the back" in our more secured environment ?

What's keeping them from joining is they havent been hacked lately.

I fail to understand this 'hack' thing.  Aren't bts bridges/gateways subject to the same risks of having their btc/altcoin hot wallets being hacked?