More reasons Ethereum can't scale decentralized: Truth is started to come out... Also the Dapps look mostly like nonsense or they don't need Turing complete scripts:  WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. |
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Add those to the reasons I already explained as to why Ethereum can't scale with shards and thus can't scale without centralization: The error is here on slides 11 & 12: https://docs.google.com/presentation/d/1CjD0W4l4-CwHKUvfF5Vlps76fKLEC6pIwu1a_kC_YRQ/edit?pref=2&pli=1#slide=id.gd284b9333_0_39As I predicted: When will the design details of the new PoS system be shared so we know how they plan to scale?
The plans are sufficiently shared already in the numerous presentations and YouTube videos. I know the limits of the range of choices they can possibly choose from. So I know they are stuck up river without a paddle. They will eventually realize this, and then either they will try to shoehorn some crap that creates a Prisoner's Dilemma and breaks Nash equilibrium ( such as "transaction receipts") and/or [...] Again a receipt instead of every validator validating breaks the Nash equilibrium and creates a Prisoner's Dilemma: I will repeat again for the 10th time in this thread. Every validator must be able to validate the entire history of the lineage of transactions for the shard that validator is responsible for. Otherwise that validator can't be sure it is not going to lose its funds (i.e. electricity for PoW or deposit for the proposed consensus-by-betting) because it approved an invalid transaction due to some lie in the history as trusted but not validated. Combine this with the impossibility of sharding the gas as explained already to you.
Using a receipt is lowering security by orders of magnitude,correct?
I haven't tried to model it quantitatively. It might be a long-tail distribution, thus maybe they can get away with for a while until there is failure of the Nash equilibrium and perhaps split into multiple forks that refuse to converge. It is something for them to think about, not me. I wouldn't waste my time with that sort of design flaw. Thus I am not that interested in developing a model of its failure. Limited time and resources to do work that doesn't benefit my goals. Just to reiterate or resummarize, if a validator of a shard has to trust the validators of other shards (for cross-shard state, e.g. the gas balance from one shard being spent to run a script that resides in another shard) then it creates a game theory which is not a Nash equilibrium but rather a Prisoner's dilemma, because the trusting validator can lose his income if the other validators lied to him (and that includes all blocks downstream from that one). Now one could perhaps reduce the probability of the other validators lying over the short-term by incentivizing them to report each other in exchange for a reward (proof-of-cheating), but I analyzed this for my own design and realized it is flawed and abandoned the idea. Because of several reasons such as those validators have an incentive to become coordinated to cheat (in some game theories whereby they can profit, e.g. shorting the coin), and it is impossible to make the reward more than any possible value that can be gained from cheating, etc... Also the Dapps look mostly like nonsense or they don't need Turing complete scripts: WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. |
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Somebody knows when Zcash will launch and if there will be a ICO? Or only premine? how will they distribute?
As with all software, no one really knows when it will launch including them, but they say later this year. According to their stated plans, there will not be an ICO, just mining, along with the deferred premine (mining tax) for insiders. And When Zcash launches, it will be a threat for coins like XMR and DASH, how do you guys see this?
Same story as any other potential competition: 1. Could be a threat 2. Could fail. 3. Could serve a distinct niche 4. Could expand the market. Among other possibilities. And Monero could hypothetically implement zk-snarks offering both alternatives. Open source projects tend to eat other projects that have flaws (the premine tax). Then again, Zcash seems to have locked in the experts on this tech. |
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So many newbie sockpuppet shills. Any Hero or Legendary who support Ethereum? I have a Hero member account (AnonyMint) and a Sr. Member account.
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If Bitcoin had a shitload of problems, it wouldn't be where it is today.
Windows Phone had a shitload of problems and is DEAD.
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WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. |
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Clearly theres a tad of price manipulation
Just a tad  |
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And to that guy shittalk,it doesnt even matter if whales dump ether,the project will go on because,compared to other cryptos like LTC or even BTC,its are not meant to be just crypto money that can be speculated on,but more.So,i really hope whales dump it and it goes down to 2$,i really do.
Except that Ethereum needs more than $200,000 per month to continue operating and they were down to $750,000 cash and 1.65 million ETH: The foundation currently has ~1.65 million ETH, plus ~$750k in non-ETH assets. 1650000 * 6.1 + 750000 = $10,815,000. Based on our current ~$200k/month burn rate, that will last us ~54 months ~= 4.5 years. That said, we are planning some substantial expansions which will increase our expenses but also get Casper and other fun stuff out the door much faster, and we are also starting to get interest for corporate sponsorships coming in, which could secure us a more sustainable funding path in the long term.
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WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. |
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@TPTB_need_war as long as there are solutions,they ll find them or a workaround atleast.
Yes there is only one solution, but Ethereum has really no chance in hell of implementing it. Because the decentralized scalability solution requires user adoption marketing, which they have no clue how to do. WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. And to that guy shittalk,it doesnt even matter if whales dump ether,the project will go on because,compared to other cryptos like LTC or even BTC,its are not meant to be just crypto money that can be speculated on,but more.So,i really hope whales dump it and it goes down to 2$,i really do.
Except that Ethereum needs more than $200,000 per month to continue operating and they were down to $750,000 cash and 1.65 million ETH: The foundation currently has ~1.65 million ETH, plus ~$750k in non-ETH assets. 1650000 * 6.1 + 750000 = $10,815,000. Based on our current ~$200k/month burn rate, that will last us ~54 months ~= 4.5 years. That said, we are planning some substantial expansions which will increase our expenses but also get Casper and other fun stuff out the door much faster, and we are also starting to get interest for corporate sponsorships coming in, which could secure us a more sustainable funding path in the long term.
Vitalik hasn't even understood Iota yet, which I thoroughly analyzed in the Decentralization thread: VB: Not sure, I looked at IOTA and the block weave consensus algorithm looks interesting, but I haven’t explored it too deeply.
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@TPTB_need_war as long as there are solutions,they ll find them or a workaround atleast.
Yes there is only one solution, but Ethereum has really no chance in hell of implementing it. Because the decentralized scalability solution requires user adoption marketing, which they have no clue how to do. |
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This is the most intense decline yet in this pump. This could be the stampede. If you are going to sell, you might be competing against 1000 others who want to sell. We will soon know, and if it is the stampede, then only a few will get out at these prices.
Today is Sunday, ETH price is still the same as it was on Friday... The trajectory is the steepest reversal thus far, but it is too premature to know if this trajectory (slope) will continue. That is why I said "we will soon know". But for those that want to get out at these prices, if it is the stampede, then it may be too late if they wait to confirm. |
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If you think smart contracts are dead you're deluded. This is just the beginning.
I didn't say that. But Ethereum is no closer to solving the fundamental issues than before they started with $18 million wasted. I am not going to repeat the entire Ethereum Paradox thread again. You can read it or remain ignorant. It is your choice. I know what the issues are. And I know who knows how to solve them and isn't Ethereum. |
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This is the most intense decline yet in this pump. This could be the stampede. If you are going to sell, you might be competing against 1000 others who want to sell. We will soon know, and if it is the stampede, then only a few will get out at these prices.
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stoat disappeared.
Good point if true. Except maybe he was sleeping. He posted within the past 12 hours, and he is online now. PoC2 was announced today March 5 on Vitalik's blog and I pointed out today why it can't scale. Sell the news? |
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Now concerning POW vs ICO. A single bot master can get majority of all coins during POW phase.
Also even PoW fairly announced with wide uptake from the start is still a premine in the sense that the end users will not be mining it until the coin is widely adopted. Indeed, and in both cases that is why the ideal is to have a huge number of users (not miners, not investors) already mining, then flip a switch at genesis block launch. Ah shit, I just revealed my launch plan. |
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lol you called it, ethereum is dropping
That might be a head fake: Somebody sold 1500 BTC worth of ether, calm your tits.
Could even be insiders selling to themselves at lower prices to try to manipulate the market to think that 1500 BTC can exit without driving the price too low. Note every time I have spilled more beans on how Ethereum can't scale, as I did again today, the price declines. When I go away for 2 days, the price skyrockets. |
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Two thirds of the mining market share is currently controlled by three Chinese bitcoin companies, BitFury, F2Pool and Antpool. There is an opinion within these companies that Western companies, like Coinbase and Circle, are trying to push the implementation of Bitcoin Classic to eliminate centralization of mining power. “In my opinion, Chinese culture has always longed for powerful leaders. In the west however, people are more used to competition between multiple authorities, and deem centralization as great threat. So opponents like Classic, tend to gain more sympathy in the west, but hostility in the east.”
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Those who have followed me over the years know that I have made some prescient predictions such as the Bitcoin crash from $1000, even the collapse to $150, and even the precise timing and $320 top of the bounce before the current one. In addition the following silver prediction I made: http://www.marketoracle.co.uk/Article23786.htmlI have also stated that I thought that when gold crashes below $1000 (and likely below $850) this year, then Bitcoin would also likely get caught up in the contagion and sell off to below $150 perhaps back to double-digits. I had explained my reasoning in the past and the current indicators are: https://www.armstrongeconomics.com/markets-by-sector/precious-metals/precious-metals-march-4th-2016/https://www.armstrongeconomics.com/international-news/europes-current-economy/the-eu-going-quietly-into-the-light/https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/moodys-warns-of-30-rise-in-commodity-based-company-bankruptcies-in-2016/https://www.armstrongeconomics.com/international-news/east_asia/moodys-lowers-credit-rating-of-china-to-negative-from-stable/It is not certain that gold will elect the March 13/14 turning point to begin its collapse to the final bottom of the correction that began 2011. And it is not certain that crypto-currencies will follow. But the level of irrational pumping of altcoins tells me that we are very near to a 2013 top in crypto-currencies. The irrational speculation is off the charts again and not based in any sense of reality just as was the case for those arguing for Bitcoin to go to $1 million per BTC back in 2013. For example, Ethereum has 0 users, 0 working, scaled apps, no consensus algorithm after $18 million expended. Yet the market cap is heading towards $1 billion. I am sniffing a big collapse in the making. Not sure if it is this March or later in the summer, but I am warning you. Take some profits into US dollars. The Euro, Pound, Yuan, and other currencies will also collapse relative to the US dollar due to the carry trades and pegs to the dollars which put the rest of the world bet short against the dollar. You will need some dry powder to buy when there is blood in the streets. You've been warned. Buy signal Overconfidence. Sell signal. |
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Somebody sold 1500 BTC worth of ether, calm your tits.
Could even be insiders selling to themselves at lower prices to try to manipulate the market to think that 1500 BTC can exit without driving the price too low. |
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