Ethereum in free fall by bdavid

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ethereum · @bdavid · Jul 26 '16

$0.08

Ethereum in free fall

http://i.imgsafe.org/74f1843b18.png
Why is ethereum dropping so fast, what news did I miss?

👍 faddat, bdavid, kental, greengo, mastletter, politicasan2, asset

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@faddat · Jul 26 '16

(This is my not-so-humble opinion)
Ethereum is in freefall because they made it into a shitcoin by claiming that there was a theft from the DAO and that the blockchain should be amended to &quot;fix&quot; that &quot;theft&quot;.  But what actually occurred is that someone found a blockchain-accepted and approved way to assign DAO assets to himself-- there was no hacking involved whatsoever.

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@bdavid · Jul 26 '16

Yes but what I don't understand is eth went up after the fix,  why did people buy it after the fork?

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@faddat · Jul 26 '16

I think that most people thought that ETH was going to get away with their fuckerey, and not get called on it because of the preponderance of ETH whales in the DAO.

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@politicasan2 · Jul 26 '16

ethereum only dropping 4-5%

👍 politicasan2

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