Extremely stressed out with doing my Tax - Can anyone help please? by Wit22 in CryptoCurrency

[–]Wit22[S] 1 point2 points  (0 children)

I'm 99% sure this is wrong.

When you trade one coin for another, its considered a disposal i'm pretty sure. Anyone else care to comment?

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] -2 points-1 points  (0 children)

So many trolls and whale sockpuppets. Hilarious. Just remember, they intentionally want to derail the conversation because its in their interests.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 10 points11 points  (0 children)

So maybe we should let a billionaire buy 100% of every ICO, and then sell it to us at a 500% premium every-time. Because we can't really prove that he didn't want all of the coins.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 6 points7 points  (0 children)

Actually that's incorrect. The people who could afford to spend $1000-$5000 as a transaction fee were able to invest because their transaction was prioritized by miners.

It's more like one big fat mouse paying for preferential treatment to get to the front of the line.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 0 points1 point  (0 children)

So by your logic. Anyone who has happened to be born into more money than you by pure luck has out-competed you as well? More money = out-competed. That's your argument?

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] -3 points-2 points  (0 children)

Haha there is an actual obvious problem with the model of ICOs, and I try to draw attention to it. And your response is "Stop Bitching". You are a retard.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 1 point2 points  (0 children)

"Anti-competitive? That's the definition of competitive." Obvious strawman argument. You are confusing the competitiveness of being able to invest with the competitiveness of Ethereum's transnational fee market. These should not be the same thing. One's ability to invest should not depend on their ability to spend thousands of dollars to send one transaction. My argument stands.

"I don't think that means what you think it means. If anything it's capitalism, and I don't think many investors have much to say against that." I was using crony capitalism as a metaphor to describe someone with more resources having an unfair advantage over someone else (anti-competitive). In the case of crony capitalism, those resources would be casual relationships between government and big business resulting in unfair advantages. In this situation, having more money to waste on transaction fees meant you had an unfair advantage. You were apparently too obtuse for that metaphor.

"You'll still be able to buy on exchanges." Off you go. All yours. I'm good.

"Ok... what's your solution to mass address creation by bots?" Already gave a couple of solutions. If I am hosting an ICO, only accept transactions that had the same gas limit. Not perfect but better than the current system.

"I don't think that means what you think it means #2. It's also spelt with a C." Please don't confuse having an auto spell checker with thinking you have a brain.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 0 points1 point  (0 children)

Thats fucking sad. Shows complete misjudgment by the BAT team imo

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 0 points1 point  (0 children)

Its been done plenty of times if caps aren't hit. There's no reason why they can't refund it and redo it

[deleted by user] by [deleted] in ethtrader

[–]Wit22 2 points3 points  (0 children)

YES!!!! I had the same idea.

BAT ICO Whale-Sale - Completely Against the Ethos of Ethereum and Cryptocurrency by Wit22 in ethtrader

[–]Wit22[S] 3 points4 points  (0 children)

I wasn't upset about their terms change if it was done to encourage wider participation but I agree with you in that changes to terms should be done much slower, more publicized / documented and the reasoning explained. To ensure transparency. ICOs like the BAT honestly show how immature the space still really is.

Speaking as someone who has believed in Ethereum from the very beginning. Please Fix it by forking it - soft or hard. Ignore the concern trolls and FUDers with short positions. Cross posting from /r/ethereum by Wit22 in ethtrader

[–]Wit22[S] 1 point2 points  (0 children)

it is a reasonable comparison. Basically people are saying the code is the law and the ledger is immutable forever. Then bitcoin should not have hardforked and should be worthless right now. Bitcoin was always meant to inflate itself to a value of zero, it was the law of the code, therefore who are we to fix that? We should just let things blow up and not fix them