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11341  Alternate cryptocurrencies / Altcoin Discussion / Re: Only ETC is the real Ethereum on: August 09, 2016, 02:16:48 AM

Yes. The supporters and backers of ETC should not follow the switch to Casper right away. This will set new problems with the forked chain and Vitalik's strategy. He really now has created a lot of problems for himself. The original Ethereum classic is more relaxed and have the freedom to choose which direction it will take.

Yeah. I wonder how successful ETH would be once it hits PoS stage. Also, things would improve onto ETH (and probably ETC as well) once its version of BTC's Lightning Network (in this case, Raiden Network) becomes a reality. It will make Ethereum much faster and perhaps it may even rival VISA or Mastercard with its TPS. Anyways, I am hoping for ETC to head towards innovation making itself different than ETH by having its own DAO (a better and secure version than ETH's The DAO), or maybe even make new kinds of dapps. Just my opinion.  Roll Eyes

That is all only in theory. In practice what will happen is the miners will switch to ETC. Vitalik would be crazy to announce any definite dates for Casper's release now. That will make the ETC chain stronger because miners want long term security to operate. Casper is a threat to them.
11342  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH is a Fail and why ETC will fail as well. on: August 09, 2016, 02:11:19 AM
I disagree that the people who hold a huge stake in ETH is out to get ETC and are dumping them to kick the platform out of existence. ETH holders must have realized that by now it would be better for the original Ethereum classic to stick around so that they can profit from 2 chains. The minders have realized this. The others will of course also come to their senses. Why do you think the DAO holders want their ETC back from the white hat hackers?
11343  Alternate cryptocurrencies / Mining (Altcoins) / Re: Recommend a CPU mining set up for zcash on: August 08, 2016, 11:44:25 AM
I am also interested in this coin. I believe the algo used in zcash is Equihash. I do not know much about it so my question is which gpu is recommended to mine coins that use Equihash? I am aware that zcash has a testnet. Maybe it would be nice to try to mine with gpu.
11344  Alternate cryptocurrencies / Mining (Altcoins) / Re: AMD or NVIDIA? on: August 08, 2016, 11:41:13 AM
Thank you for the replies. They are really helpful. I am now looking to do more research on the GTX 1070. I am also looking for which MOBO is good for mining. So if anyone has good suggestions, I am listening.

i always use the h81 pro btc, right now the heavy demand have reduced the supply, so if you don't find it in your store there are good alternativ elike the pro-g or h97 anniversary

Ok I will look into it. Thank you for all the tips and advice. You have been really helpful and it is very much appreciated.
11345  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers on: August 08, 2016, 11:39:06 AM
Well doah,Rome wasnt built in a day...

Yes. This is what some people will not get. They think that any coin can be listed and will straight go to the moon right away. Instead why not be helpful to the project by spreading the word about it? If you really are invested then help.
11346  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Doge future? on: August 08, 2016, 08:35:31 AM
There is a pump going on with Doge now. So it might be good to speculate for the short term and make a little money with it. But be careful because it is the whales that are playing this. Just make sure they are still holding if you get in because if not then the "play" is probably over. Wink
11347  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum to go up or down? on: August 08, 2016, 08:32:11 AM
I speculate that ETH will have to go down sooner or later. No one is interested to buy at these prices right now. Everyone is waiting for it to go down. So it is good to save your money and wait.
11348  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum - Time to buy or time to sell? on: August 08, 2016, 08:29:56 AM
Quote
Is it time to buy ethers or just sell those which are already in pocket? Any idea?
ETH exchange rate currently is not bad, on the past day there were many ups and downs but if we zoomout the chart we can see that it still worth to buy ethereum and probably sell later, I'm thinking to buy some and hold them for a week as I hope I can make profit.

From the current price trend and words from the developers, it is better to keep some ETH now.

The mining profitability of the ETC is higher than the ETH. So it is better to mine the ETC and sell for ETH.

I notice the hashing rate of the ETC changes according to the price, if the price is high, there are more hashes.

Then it is in the interest of the miners for ETC to succeed. The whales also have this interest, so does the DAO attacker and Vitalik himself. They potentially have the equivalent amount of ETC thru the ETH they are holding. So it is untrue that some people say that the original chain will lose and die. It is more profitable for ETC to live on and have a high price.
11349  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ARDR][NO ICO] Ardor, or Nxt 2.0, a Scalable Child Chain Platform on: August 08, 2016, 05:33:37 AM
As I'm understand that ARDOR could be traded soon after 12th Oct , how about the value? will be same price with NXT? or it's have starting price?

The starting price will be what the first seller and buyer agree to trade it for. There is no official starting price.

Will there be no market makers to start trading it? I think there should be because we cannot rely on the people. It might be a discouraging sight if there will be not enough volume for Ardor in the exchanges and it would look dead to the people outside this community.
11350  Alternate cryptocurrencies / Announcements (Altcoins) / Re: WAVES. Ultimate crypto-tokens blockchain platform. on: August 08, 2016, 05:29:46 AM
Could you name the existing decentralized crypto exchanges?

I sent Sasha a Tweet to find out why WAVES would enjoy mass adoption, while there are currently already existing Decentralized Exchanges that are not really used en masse - what do you guys think on this question?

I guess there are a ton of protocols that can do this, ripple, nxt even

Ripple is not decentralized, and Nxt doesn't have fiat-tokens trading. I would love to hear a few more names from those tons of protocols that enable decentralized exchange of crypto-securities and that are also suitable for mainstream adoption.

Qora - doesn't have fiat-tokens
NEM - too complicated user experience
Blocks&Chains - has no asset-to-asset exchange
Etherex - too complicated infrastructure for this purpose, needs to solve bloating etc.
bitShares - lol they're bitShares

Great summary, thanks! Very informative, I did not know all the info you shared. The WAVES Dev team should make it clear in their marketing exactly what you outlined in your post.

Maybe Ardor? Or is the aim of Ardor not to be a decentralised exchange?

Ardor is being developed, just like Waves. So it is not an "existing platform which already supports what Waves promises." It will have a decentralized exchange, and I am looking forward to using it along with Waves' dEx.

Ardor looks good and I support it but Waves will edge them out when it comes online. Waves is a more professional group and the NXT team behind Ardor are more of a ragtag team. Waves also has a lot of money collected from their ICO. So I speculate that Waves will be better as more time passes by.
11351  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers on: August 08, 2016, 05:24:22 AM
All this flashing of coins is very frustrating to me tbh...
Just found on Lisk blockchain explorer that somebody moved about 4mil lisk today in one transaction which is kinda worrying and weird. Embarrassed
I still can't open Top Accounts page can anybody help?
he set them on sell @39k some hours ago, and removed few minutes later, it was a 1700BTC sell wall

That's the largest ico investor, who invested 1000 BTC, "the 1000 BTC Whale" is his nickname

You can see he transferred 4.1 million Lisk to poloniex on 3 August:

https://lisktools.io/accountInformation.php?address=6458009167317801978L

I trust he has 2fa enabled on that poloniex account

If he withdraws it and uses it to vote, then he might have enough weight to get several delegate positions.  

150K Lisk per year for each delegate would give him excellent interest on his investment, especially considering Lisk is the most viable and upcoming alternative to the ethereum chains.

This is what I hate about DPOS. The rich still get richer and it is not really an excellent solution to POW. But I still support Lisk and I also think that it is a viable alternative to Ethereum. The Lisk marketing team should take advantage of Ethereum's problems right now and offer the companies, financial institutions and technology education institution research teams an alternative to Ethereum.
11352  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: August 08, 2016, 05:19:22 AM
This is probably the wrong place to ask but did the DAO hacker took coins from ETC? or the forked ETH? and if so why would people continue to support a blockchain with vulnerabilities?

Ethereum itself, the original or the fork have no vulnerabilities. It was the DAO that had vulnerabilities. Even with the $100,000 cost of the security audit they still released insecure code that held $150,000,000. That shows their incompetence.
11353  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts on: August 08, 2016, 05:15:42 AM




Where's the update on the 8M ETC you are holding, Alex?

This should be answered immediately. It will be good for the ETC community to call for an answer at /r/ethereum so that the ETH community will also see for themselves what is going on. Surely he cannot claim the ETH and the ETC equivalent for himself. He has to return them. But this is where it gets confusing for me. The DAO holders were bailed out on the forked chain. So if Alex returns it they will have additional ETH + some ETC?
11354  Alternate cryptocurrencies / Altcoin Discussion / Re: A MUST SEE video on why ETC will win: Deconstruction of the HF by Chris Ellis on: August 08, 2016, 03:14:28 AM
Yup I have to agree about history in the making when the DAO attacker dumps his >10% ETC criminal coin bag.

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Mt Gox

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Mintpal

Oh no, let's hard fork Bitcoin because someone stole a shitton of coins in Bitfinex

and the list goes on.

Sorry, ETC, just like BTC, is an adult coin. Stick to your childrencoin.
No the ETC is a criminal coin. The sooner you begin to realise that the better for your finances.

What do you mean? Why is it criminal?
>10% of the total ETC criminal coin supply is in the hands of the DAO thief who can control the market by dumping at any moment.

The Ethereum foundation can also dump their ETC at any moment.

Yes that is true. But what would that accomplish? ETC will not go away and if they really dump it will be welcomed by a lot of whales. So the best thing to do is hold it and sell later for a profit.

It is the same with the Chinese guy claiming to do a 51% attack on the original chain. Why? It would better for him to mine the chain and make a profit. There are some people thinking that it is what he is doing right now. Cheesy
11355  Alternate cryptocurrencies / Altcoin Discussion / Re: Only ETC is the real Ethereum on: August 08, 2016, 03:08:41 AM

If ETH goes from POW to Casper POS then the miners will all transfer to ETC. The supporters of the forked chain must be very careful before getting excited about the switch to Casper. There are arguments that it is not a feasible way to reach consensus and that the system can be cheated by a majority. If they really want to make that switch soon then good for ETC. Miners are welcome there.

And that is if ETC decides to stay as a PoW crypto while ETH goes full PoS. It would ideal for ETC to stay as a PoW crypto since it will attract miners into it (not to mention that true consensus would be achieved with this) The only good thing about PoS in my opinion is that it is an energy efficient way to mine (or should I say stake) some coins. Some people cannot afford to buy expensive mining hardware (like GPUs) and maintain them, thus it will be easier for them to buy coins instead and stake them. Still, I think that PoW is better due to the fact that true consensus would be achieved and it would make the coin's network stronger.  Grin

Yes. The supporters and backers of ETC should not follow the switch to Casper right away. This will set new problems with the forked chain and Vitalik's strategy. He really now has created a lot of problems for himself. The original Ethereum classic is more relaxed and have the freedom to choose which direction it will take.
11356  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH - Hardforked - NOT Decentralized on: August 08, 2016, 03:04:50 AM

Hard fork happened in the Ethereum before. It changed from Frontier to Homestead a few months ago.

are you reading this thread? that hard fork was planned and expected and designed to improve the system, something everyone agreed on and was flagged well in advance.

this hard fork is a knee jerk reaction to a poorly designed third party app and solely designed to save asses that don't really deserve to be saved.

Most miners think there should be a hard fork.

https://www.reddit.com/r/ethereum/comments/4tffta/hard_fork_voting_and_node_adoption_results/?st=iqsyuhdd&sh=7457dd97

most miners? dude... YOUR source is showing us that : 9% agree - 2% says no - 88% DIDNT VOTED. eighty fuc**ing eight. how could you say most miners think there should be a hard fork???

That is how the democracy works. No vote, no say. If the non votes want to express their votes, they should vote.

Except the invention of blockchains was to get rid of the failures of democracy, and so called democracy has been a failure again as we can see with the split of Ethereum in 2 coins. Now you have the most politically influenced blockchain ever.

How is the original chain politically influenced? I thought there was no "Vitalik" in it that calls the shots. It is more anarchistic without any influence on it from one person or group. But where is the ETC community and how active are they in bringing the original chain to a better future?
11357  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO, ETH, ETC, DAO, DarkDAO, Bitfinex - What is the current state of cyrpto? on: August 08, 2016, 03:00:28 AM
If you ask me, my opinion is it is very normal. Grin We have seen this happen many times before and it will come as no surprise if it will happen again tomorrow. The most shocking happening for me that occurred in the cryptosphere was the MtGox news. It was shocking and at the same time disappointing. I remember I was thinking that it was the time that bitcoin has come. But it was not. Millions were stolen from the Gox users and the price fell from the all time high. It was also a time where the mainstream media was covering bitcoin and ended with the Gox fraud. It was a very embarrassing time for me.
11358  Alternate cryptocurrencies / Altcoin Discussion / Re: Which crypto is truly anonymous? on: August 08, 2016, 02:48:47 AM
zcash has a chance to win as the most anonymous coin. But it has not yet been released. They have one of the best development teams in the cryptosphere so it is good to wait for this project to be officially online with their mainnet.
11359  Alternate cryptocurrencies / Altcoin Discussion / Re: XMR vs Ethereum on: August 08, 2016, 01:47:20 AM
The tech in a coin/asset/token has nothing to do with the price. That is why Bitcoin is still the King, because no one comes even close to its adoption. Personally I don't like them both (XMR and ETH). Monero because of the endless verbal wars between XMR and Dash supporters and ETH for obvious reasons.

Over the short term I would agree with you; however over the long term tech wins in the end. Bitcoin is a case in point. From late 2009 until late 2013 we saw and an exponential rise in the market capitalization of Bitcoin by a factor of 106. From late 2013 until now we have seen a flat / falling market in Bitcoin. Why because once the 1 MB blocks were filled up in early 2014 the exponential growth in the Bitcoin network was stopped in its tracks. This also stopped exponential rise in the market capitalization of Bitcoin. The underlying reason for all of this was technological; namely the fixed 1 MB blocsize limit in Bitcoin.

Interestingly XMR and ETH/ETC have one thing in common. No fixed 1 MB blocksize limit to stifle the growth of the corresponding networks.

I agree that bitcoin is very conservative and the core developers chose a safe approach in implementing a 1 MB blocksize limit. So the effect is slow growth. But my question is if let us say everyone supported XT, what will be the effects of this good and bad? Some say bitcoin will be centralized. And others say that it will still not scale because there will be too many transactions in the network and will be prone to errors in doing transactions.
11360  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin vs Ethereum on: August 08, 2016, 01:41:49 AM
No comparison between the 2. Ethereum could complement and even augment bitcoin's use but it cannot replace it. Even if ETH has a higher marketcap than BTC it cannot replace it. It is like comparing apples and oranges.
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