The Ethereum fork is fundamentally different from the kinds of forks that have occurred in Bitcoin in the past or have been proposed for Bitcoin. It is also fundamentally from the kinds of forks that have occurred in other major alt-coins. What makes this fork so special is that this is not about fixing vulnerabilities or adding improvements. It is about changing the ownership of coins on the blockchain. In this case the objective was to effectively reverse transactions. This is specifically the very action that Bitcoin was originally designed to prevent. I refer the reader to the introduction in Satoshi's original whitepaper. https://bitcoin.org/bitcoin.pdf ... While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. ... When one considers Satoshi's own words we see the fatal trap that the Ethereum Foundation has fallen into. They have become the mediator of disputes, which Satoshi describes as an unavoidable characteristic of financial institutions. Yes. The fork is because there is an agenda behind it that is beneficial only to a few. This brings me to a question. If the bitcoin XT fork occurred will it have the same outcome as Ethereum's fork. Will there be a split in the community? Because the XT people say it will be fine. |
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This is a good idea. Please make a concise explanation why you think a project is a scam or maybe not at par with a high standard. I think the team is important. We must try to know the team of every project so that we could assess if they will be able to produce a good project or not.
I will be interested in your assessment of Ardor because I hold NXT right now. I will appreciate the criticism if it is constructive.
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The reason the white hat hackers transferred funds to their dao was to prevent the attacker from siphoning funds from the DAO. Now that it is all over my opinion on the matter is that the white hackers have the responsibility to return the funds they are holding. If they do not and plan to hold it for their own purposes then they are thieves like how some say the attacker is a thief.
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Watching this video now... So far it sounds like he likes doing the bidding of the VC(banks). I hope his views have evolved since ETHF has essentially done the bidding for the investors and insiders by doing the bailout fork. I will continue watching, but so far he isn't thrilling me with his responses 8 minutes into the video. Thanks for sharing Paula. :-) It is a fallout because of differences of ideas. Either one is not a bad idea and both could be good ideas. It depends on your style and what you want to happen. In Charles' idea they will be made answerable to VC investors while Vitalik will have none of it taking everything in his own hands. I in Vitalik's case it went bad as we have seen. I finished watching that video and then the video from today. The video from today clearly showed the huge and stark differences between immutability and the authoritarian perspective. Martin clearly stated that if they thought 80% of the community supported something they would do it to include censoring, rolling back transactions, etc. Which appeared to really go cross purposes with most of the panel and this is clearly what is wrong with Ethereum and those who represent it. The question was asked who is this "community" because many of us who hold or held ethereum knew nothing about any vote. So it appears to be a very small cross section of people represented. Next it also seemed to me like the Ethereum position was almost "smug", and laughing at anyone holding a different view point than theirs. And it also appeared that they were saying tough, we are doing it this way and there really is no reason for ETC to exist. I liked Charles views and thoughts on Ethereum in today's presentation and it sounds like he is putting his money where his mouth is by hiring developers. Now it sounds like the community needs to start the round table discussions next to build a consensus and roadmap. It sounded like Charles was going to push a hybrid POW/POS which does sound very attractive and I would like to hear more. Charles gets it but it remains to be seen if the current ETC leadership will let him take charge and execute on that vision. ETC leadership? Who declared himself leader and took that mantle? As far as I know there is no "leader" here. If there was one declaring himself as someone who can call the shots then it will be good to discourage everyone to follow him. If it was really for the good of the original Ethereum classic that this new "leader" wanted he would allow improvements and inputs from people such as Charles. |
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Are there any updates on when the full nodes will be released? This will be a key point for Waves. Also how is the testnet going? As I understand any further delays with the full node release should be taken with patience. We do not like what happened with the DAO to happen.
you can read here about the full nodes and the testing : http://coremedia.info/index.php/waves-news/item/288-waves-weekly-no-5Thank you for pointing me in the right direction. That's a good update and I hope the doubters will give it a little more time before the sell their coins. Some people here are always in a hurry to make their profit but the real skill in speculating is patience. Just wait and all the hard work in this project will be seen when the time is right. |
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ETC is ETC. I have doubled my profit thru it. We're never going back to eth this time. I use to support it but not this time.
vitalik once withdraw 25% of his ETH and he may do it again later.
exactly this. us traders don't really care about anything else other than the profit we can get from these type of coins which are only pump and dump. and right now ETC is the coin to be pumped. personally, i don't care about anything will happen with ETC and ETH, as long as i can get profit with both coins, i will buy it and trading it. but if one coins, ETC or ETH, should be sacrifice to supports the one, then i will get more profit with the one coins. just waiting in time when one coin will get down below. and i really agree with you guys, we should take profit from these both coins as long as we can. There are even "supporters" of the forked chain that declared that the fork will be good because in their minds it will maintain the value of their coins. They are wrong and surely there are some of those "supporters" that have sold and already made a nice profit. Now some of those "supporters" will declare that the real Ethereum is the original chain and they will support that vigorously. But when they see that they will lose money they will dump again and declare that it is a scam.  We have seen this happen many times. Some of them have even lost a lot of money and are in debt that they are already always spreading FUD for all coins all the time. |
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Conor McGregor was on benefits few years back and dreamed of becoming ufc pound for pound champion he becomes champion knocking everyone out in his path he also stays loyal to everyone that was with him before he became famous and people still say they hate him how can you possibly say that about someone who made the ufc what it is today fair play to you Mr McGregor your a true champion.
Yes he has an admirable story of rags to riches. It is a very inspiring one at that. But do not forget that Diaz also came from nothing. He also has faced a lot of adversity in his life and we should not count that out. His story is also as much as admirable as Connor's. |
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They have been hack jobs performed on numerous bitcoin casinos but they would rather not disclose this to public as it is bad for business but they get out to the media from the ones that have been comprised. Not necessarily bitcoins have been stolen but users emails and passwords for their accounts. The last big one that I can remember was Cloudbet that happened late last year. I think it was just customer email accounts and players passwords but I could be wrong.  If no one will disclose then this is bad for the customers like us. This should be known to everyone so that we could avoid those sites that have been hacked. Security is a big must in the cryptosphere. Any lax security in any site should be patched and fixed. |
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Allah is whispering gambling tips in my ear, I just can't lose again!  That is really a big win. Can you give us some tips on how to follow your winning ways? This is a a good feat and a good challenge. |
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Watching this video now... So far it sounds like he likes doing the bidding of the VC(banks). I hope his views have evolved since ETHF has essentially done the bidding for the investors and insiders by doing the bailout fork. I will continue watching, but so far he isn't thrilling me with his responses 8 minutes into the video. Thanks for sharing Paula. :-) It is a fallout because of differences of ideas. Either one is not a bad idea and both could be good ideas. It depends on your style and what you want to happen. In Charles' idea they will be made answerable to VC investors while Vitalik will have none of it taking everything in his own hands. I in Vitalik's case it went bad as we have seen. |
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Are there any updates on when the full nodes will be released? This will be a key point for Waves. Also how is the testnet going? As I understand any further delays with the full node release should be taken with patience. We do not like what happened with the DAO to happen.
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I have my NXT on the exchange for now until the NXT wallet blockchain is finished, it is half way done right now and it just needs to complete.
In saying this does the snapshot of the exchanges work as well, and if I move it now in to a wallet on my PC how does that impact me because I am now going to be moving it on to a wallet and not being in the same address as it was?
As far as I know exchanges have not implemented a way to track the ARDR stake your exchange account has received so far during snapshots, so there is no immediate way to tell how exchanges snapshots are working. But for the exchanges that have committed to track Ardor distribution for user balances, we should assume the process will work. About a transfer of your NXT to an account you hold the passphrase for, so you can open it with the Nxt Client - all accounts have their own snapshot count. So if you had for instance 10,000 NXT in account A for two weeks, and then you moved your NXT to another account B and keep them there for the remaining ~10 weeks of the snapshot period, after snapshots end you will receive approximately 1,666 ARDR in account A and 8334 ARDR in account B. Proportional to the time NXT spent in each account. Also, note that in order to transfer NXT to your own wallet you do not need to complete the Nxt blockchain download in your client. Having the full blockchain in your computer just means that you have a local copy of the blockchain information, so your client can display all the past blockchain information without requesting it to the network. But as soon as you have generated a Nxt account and saved your passphrase, you can send NXT to that account, and once the exchange has processed the transfer, your NXT will be already in the new account ready to receive there the next hourly snapshot. Nxt Client 1.10.0 experimental adds roaming/lite client features so users can operate with their accounts using public nodes in the network, with no local copy of the blockchain. Awesome, thank you. This makes more sense to me now - I am holding it and I have finally downloaded the entire blockchain for my NXT wallet and have updated my address now. I will look at rolling my NXT from the exchange and letting it run it's course, this could be a promising output with ARDR being released in October. However, my next question is that if ARDR is deposited in to our existing addresses is it added as NXT and we now need to convert this back in to ARDR or does it get added in to a ARDR on the exchanges, I confirmed with my exchange that they do support the current snapshots or they have advised they have been doing it. Just wondering how that works. Ardor won't be released until next year sometime. The tokens will be distributed on nxt on October 12th. This is to fund a market price and allow anyone to obtain Ardor before it is released. The transition from ardor assets on the next asset exchange to ardor will probably be some burning mechanism. That's just a guess. I am just asking to make sure. Will Ardor be listed in exchanges like Poloniex so that speculators will be able to trade it even if the release is one year away? Or will it be like Waves release where it was listed in the exchanges with out the backing of a blockchain and without full nodes? |
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NEM developers celebrating the destruction and withering away of $FIAT by watching XEM satoshi fall down to new lows?  No wonder they called this a Communist coin!  All this drama while the price is near 3x the level it was two months ago? and more than 20x the price of one year ago. You have a good point. Also there is nothing to be gained by being greedy. Give a chance for others to get in at a good price. The more the merrier and hopefully everyone will make money and be happy with NEM. This a natural state in the market cycle so do not worry. |
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Vitalik said he will not develop for ETC
How will he do that ? Ethereum stops being open source ? Sure he will and etc is free to copy and it will be valued like a copy cloned project Yes. Vitalik as I said has only created his own problems. Why did they not study the hard fork well and long enough. They already knew this scenario will happen and this is exactly what the bitcoin core development team has been avoiding that is why they do not want a hard fork. Very irresponsible and not to mention really stupid of Vitalik. I have lost my faith in him. He is not a genius. He is but a child that should be seen and not heard. |
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Honestly, what applications ?
I second that. There are none that jumped ship. No one has but think about this situation. Let us say that the hash rate of the original chain is already at 50-50 with the forked chain and still gaining. Still the dapp makers in ETH are not yet jumping ship. But what if someone "copies" the ideas from the fork and continue them in the original? Like someone copying Augur and they call it Augur Classic or something with the same functionality and operating in the slightly winning chain. Of course I am only speculating that it might happen. |
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Haha. That blog is funny! This is a recommended read especially now in these tense times with the original versus the fork. We need to laugh about it from time to time. Did they really have champagne after the fork? If yes then that is really very funny. |
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I'm starting to think Vitalik is the Dao hacker.
Excuse me? Why do you think that? Is it because they cannot deliver a scalable "world computer" is promised? Because what I think is they have no idea how to cash out their ETH because they know this has to end somewhere. All they sold the people is empty dreams and fantasies. But in reality Ethereum will not scale and work as promised. It will fail. So they will need a way to cash out. |
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Just a question- if someone or a team decided to openly take over ETC would the price skyrocket? Who is currently in control of ETC? Is that a likely scenario? ETC has tons of traction, its staying but no one seems sure what will happen or what to do. Anyone want to clarify?
Please no take over. It is better if it will follow an anarchistic path. It will be better for it because it does not need a leader, only real and sincere supporters. Traders and profiteers are also welcome in order to provide liquidity for the coin. |
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Why is the price for nxt rising now?? Thought it should be falling a little each day as ardor snapshot approaches finish date? People are realizing they must buy NXT now if they want a slice of Ardor. Probably in the last days of snapshoting the price will crash. This is what I speculate too. A good thing about this is we know that there are people buying in NXT because of Ardor and there might be a dump because snapshots are over. This is the first time we are witnessing a predictable pump and dump. A good thing also is you will have Ardor in the end giving you double the rewards. That is not even counting on the Ardor pump yet. |
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There is more interest coming in at Ardor if you use the NXT price movement as a barometer. But I think still not enough from outside of the NXT community.
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