The Ethereum alarm clock doesn't work that way. Your program can't "loop and wait for the next block" the way AlexGR described. For one thing, the alarm clock events are a part of a separate transaction and only one transaction (logically) executes at a time.

No you can't. Programs can only look at blocks in the past, not the future and there is no "until a block is found" operation. More practically if there were, a program that tried to do a long-running loop like that would likely run out of gas (which results in state rollback and loss of gas). Programs have to be small and simple.

Users do as well.

If you are running anything older, get upgraded now.

I guess that is debatable. It isn't (marketing hype about "world computer" aside) intended to run all general programs. It is intended to run programs useful for smart contracts.


Well it is risky, but there's a lot of effort behind making sure those triggers don't exist, multiple security reviews, etc. So far no one has found a way to do it, at least not in the wild.

I don't understand what you mean by censoring code. There is a virtual machine and the virtual machine instructions are all deterministic. There is no instruction that could produce a random value.


No, because you can't check time either, so you can't write that program!

You can, if you want the result to be able to be manipulated by miners.

@AlexGR, everything in Ethereum is deterministic. There are no operations that have different results on different nodes. At least if everything works properly. If not then it can fork the chain.

Yes, load the mnemonic seed into simplewallet and ask for the view key.

Obviously do this with due care for your security since the mnemonic seed itself (but not the view key) will allow spending the coins

Fault-tolerant is a good term I think. Perhaps that helps define its (possible) utility too.

What if there are calculations that are so important and valuable that they can't be left to any one system or even a redundant cluster of system under any sort of common control? That might be worth something, but I don't think any of the currently-envisioned Ethereum use cases are that.

No disagreement.

There is nothing wrong with getting paid and there are many good models for doing that. The unregulated nontransparent ICO model is not one of them.

I agree with cryptohunter on the ICO model being deeply flawed (even if it does "work" in a few exceptional cases -- that does not disprove the general rule) but I don't agree that banner ads can fix it.


Yeah its only half bad

To be clear PoW can be bad. The ultra-fast PoW coins where a bunch of insiders and pumpers rent hash and rape it for a day or a week does nothing to remove manipulation. Slow and steady PoW distribution over years is much harder to game, but arguably that too could be gamed by long-term monopolization (if it turns out that Bitcoin's largely-monopolized mining is not a temporary condition).

I don't know him personally but his posts are generally an accurate technical analysis. Like everyone else he occasionally gets things wrong, but more right than wrong (and usually corrects his errors later -- we are all learning about this stuff after all). I've seen nothing to suggest you have any idea what you are talking about. Maybe you do, but I haven't seen it.

There are still issues with LMDB being worked out in monero (can follow the commits, pull requests, and issues on the Monero repo: https://github.com/monero-project/bitmonero)

The main thing before doing a merge here is that it become a bit more stable.

He's contributed a hell of a lot more than you have have afaict.

Nick Szabo is also primarily a writer in this space, among others (including Vitalik BTW). That counts as contribution. What is yours?

Added to OP.

Please contact TorinT who has listed an order to buy at 0.0001.

Monero and AEON had #1 (announced) and #3 (good diff adjustment) and had compiled Windows builds. Once you have that I don't think the others really matter much because there is no huge edge to being a little earlier than someone else. Maybe you get an extra block or two in the first few minutes, but not millions of coins or anything crazy.

The only real problem coin on his list is probably Litecoin, since the old-school 2016/4x difficulty adjustment was a bit of an instamine (2-3% IIRC). Not sure about DOGE.

Interesting theory. Another thing LTC and XMR have in common is quickly eclipsing the original premine coins. This hasn't happened with Ethereum despite there being a few non-premined (I think) forks.

Following the money and asking who has something to gain, a possible answer would be pump groups. Premine coins are easier to pump because the supply is tightly controlled and the mining emissions are reduced. Coins that eclipse a premine coin and draw away community interest destroy a key element of a pump and dump strategy: willing buyers to buy at the top (allowing the pumpers to "dump" their coins).

Hypothesis: BCX is associated with one or more pump groups or hired by them to FUD-attack coins that draw interest away from more readily pumpable premine coins.

Maybe they could replace one of the their coins that have 30K USD or less in volume

Not at all, you didn't do anything wrong, I was just explaining why I don't want to do another loan right now.

Best of luck friend.

That is a good point. DSH is the only currently-active one that is a clone of anything.