Eth is pretty much getting hammered right now, I expect it to go down to 200 USD. It's not ETH's fault, it;s just these cowboy speculators that trade on Coinsbase or other centralized exchages. They can easily swap coins back and forth into fiat, while we the true ETH holders who have out ETH outside exchanges, take the hits. Fkin fiat traders  that coin deserve to dump, until any improvment. right now, im stuck on transfering ETH , 21hr, still not finished, 31000 confirmations .. Wouaw, and you want that to moon ?lol Thats why the update is comming to fix that deleys right? what you guys think will happen to ETH price in the long run? If they fix it, then I can see 100 billion by the end of the year. But right now I am bearish on ETH. It's a good project but the TX capacity and the bloated software code really needs to be fixed. This turing complete idea has to be abandoned and we should strive for sandboxed smart contracts. Sort of like a decentralized and sandboxed smart contract platform should be the new motto, not this turing complete nonsense. Are you a software engineer (or related engineering) by profession? |
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can someone tell what will happen if ETH will fork ? There will be 2 coins, right ? so ETH1 , ETH2, and ETC ?
No, there is a difference between a chain fork and a chain split. Forking is normal. The Metropolis update is a scheduled fork. It will upgrade the protocol, and everyone is onboard with that. A chain split occurs when there is contention over a fork (or really, at any other point where some minority wants to split the chain, for whatever reason). ETC was created due to a chain split, because a minority disagreed with the update that occurred from the DAO fork. thanks, i tought it will be chain split in november .. Np. It's a common misconception.  |
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The network size is huge compared to earlier this year. This is always the case: difficulty goes up, revenues go down. |
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can someone tell what will happen if ETH will fork ? There will be 2 coins, right ? so ETH1 , ETH2, and ETC ?
No, there is a difference between a chain fork and a chain split. Forking is normal. The Metropolis update is a scheduled fork. It will upgrade the protocol, and everyone is onboard with that. A chain split occurs when there is contention over a fork (or really, at any other point where some minority wants to split the chain, for whatever reason). ETC was created due to a chain split, because a minority disagreed with the update that occurred from the DAO fork. |
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DO you guys know any trusted websites where I can generate ETH paper wallet ?
MEW (myetherwallet.com) is the best. You can even download a copy of the site and run it offline. Thats amazing you can download the site It's called open source bruh! All kinds of amazing software you can download, compile, and run out there. |
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I agree but do you agree that eventually there is going to have to be some kind of consolidation?
ICO's have been a problem (UET) and surely the market cant handle the ever increasing rate at which new coins come into existence.
Surely at some point there has to be a consolidation or at least some level of barrier to entry for a healthy market long term that is accessible to the general population.
You have to remember the current "market" size. The current global crypto community is only a fraction of possible future size. Ethereum is very young, and the ICO craze is only a handful of months old. The market is still constantly growing. Look at address count. Look at transactions/day count. We still have quite a while before we see any sort of consolidation, IMO. |
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Was the Burst network itself DDOSed or was it just the website and the web wallet?
I also want to know how far in development is Proof of Capacity in concern with security and its efficiency? And are there more developments coming? Ty.
The network was SPAM attacked: it was flooded with transactions that caused stable nodes to run out of memory and drop, causing the chain to fork. As well, a number of pools/forums were DDOSd. All is well now though (1 chain, forums and pools online). That sounds really bad for project that aims to be used as a currency. What did the developers do fix the fork? Did they roll back the blockchain to kill the fork? Will the same spam attack work and fork Burst again? Whenever a fork(s) occurs, the smaller fork gets dropped when they converge again. This happens automatically, with no dev input needed. I'm pretty sure this is how most chains work. In Ethereum, those blocks are called uncles I believe... Yes, a new version was pumped out to fix the vulnerability. Release notes aren't detailed, but it improves the unconfirmed tx queue such that full nodes (or even regular clients) won't be shut down if the network gets stressed. https://github.com/burst-team/burstcoin/releases |
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Hi there I am mining Burst again after 1 year off. I have read some posts here to check out what I missed last year. So I got some questions Burst seems to be at the same problems as past year. (Too few people know it, set up is to difficult for normal users, ...) Also saw that many faucets are empty, many websites not working many Pools are offline, ... Could anyone tell me what happened and what would be good for bust to come up? I have some effort to do something for burst. Also would be glad if anybody knows how to clone burst just for learning. greetings Burst was doing well (nearly 1000 satoshi/ burst), then it was DDOS attacked. Time will tell if it recovers, in the mean time i've just started mining again https://burst.cryptoguru.org/I was getting regular burst dividends from a couple burst assets, they haven't been paying lately though. BURST still seems to be getting DDOS attacks on a lot of it's infrastructure, and many pools have never come back (I have yet to see Haitch bring back ANY of his pools, for example) and the ones that HAVE come back have at least intermittent issues with "can't confirm deadlines in a timely way" that appear to be related to this issue. The "spam attack" does seem to be over and dealt with. SIA and MAID are the "rent hard drive space" coins - though there is an ASIC announced for SIA, no idea how THAT is supposes to work. I know his 0-100 pool is up. As a general rule though: a number of pools/resources are under intermittent attack. The BN piece of the community very much so has the "if you're not with us, you're against us" mentality, so most people believe they're behind the attacks (as their infrastructure is rarely attacked). In Sia, renting out disc space and mining the Sia coin are separate tasks. It uses PoW, and simply has the feature that you can use the token to rent/buy drive space. ASICS will simply mean a shift of hardware for miners. |
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Can anyone tell me where the wallet.dat file is located, as i need to reinstall the Burst Core, as its not responding ?
Burst wallet doesn't work like that. Your password is your sole and singular tie to your wallet. Knowing your password, you can access your wallet from any computer, anywhere in the world. So, you don't need to do anything; just make sure your have a strong pw, and it's backed up sufficiently. |
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I'd like to know if I can work with you and what I need to do to rent my spaces? There are many and I'm not using it! Do I need to get some Burstcoin? Being practical, what is the current profitability?
You mean rent your spare drive space? Burst doesn't have this functionality. You're thinking of Sia. In Burst, all you can do with your drive space is mine with it. |
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Was the Burst network itself DDOSed or was it just the website and the web wallet?
I also want to know how far in development is Proof of Capacity in concern with security and its efficiency? And are there more developments coming? Ty.
The network was SPAM attacked: it was flooded with transactions that caused stable nodes to run out of memory and drop, causing the chain to fork. As well, a number of pools/forums were DDOSd. All is well now though (1 chain, forums and pools online). |
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I'm thinking about my next move:
On Aug 1st BitCoin Cash (BCH) hard forked from BitCoin. As of 00:22 31 Aug BCH is worth $576.58US, not a bad payday for doing nothing.
This is what I'm thinking, in the next day or so, I should some of my bitcoin, buy Ethereum tokens, and wait for Ethereum to hard fork into Ethereum metropolitan/ Ethereum. After the split, I would transfer back to bitcoin, but guarantee myself some Ethereum metropolitan. This is a real problem, because BitCoin is in an upward trend, so is Ethereum.
I am throwing it open to the members of Crypt0's news group! What are your ideas?
Wont work bud. Metropolis fork isn't going to split the chain (only fork it). |
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Buy5200 sigt for 1600, now i cry. im poor guy and lost all money.
why im not lucky? God help me...
That's cute buddy. Welcome to Crypto. Learn and live  |
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When we can expect some development updates?
and how do you think tons of billions usd eur in ETH - ICO's will obligate on ETH price - they will be cashing out? or ETH will fly to the moon at the end of 2017?
Most coins see price drops toward the holiday season. I wouldn't expect it to moon at the end of the year. Look towards 1st quarter 2018. |
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Doc.ai's Ethereum Blockchain-Based Medical Solutions Bring Artificial Intelligence To Healthcare The project is the result of collaboration between developers from Stanford and Cambridge Universities. According to the announcement, doc.ai can improve patient care by "creating the most advanced natural language dialog system that generates insights from combined medical data." The platform is built on the Ethereum blockchain, allowing for decentralized timestamping of datasets, and makes use of AI that is capable of deep learning on the edge of networks (a term for data processing near the data source on the network, thus reducing communication bandwidth between sensors and the datacenter) or on a mobile device. https://www.ethnews.com/doc-ai-ethereum-blockchain-based-medical-solutions-bring-artificial-intelligence-to-healthcareETHf is too expensive. ETHc is the right choice for blockchain-based medical solutions. Will ETHc become more expensive when more people use it? Should we use ETHf after ETHc is more expensive? He neglects to mention the dynamic adjustment of gas prices based on market rate. A high market price doesn't negatively influence Eth's utility as fuel for the EVM. |
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I am trying to understand the feaures of Decred.
Am I right on this: For the voting process you have to buy tickets (like a lottery). With these tickets you can vote for changes (e.g. Block size) or to rate the last mined block as valid etc. The more tickets you have the higher impact for the voting process is.
Am I right on this? This seems to be special for Decred (beside Hybrid PoW/PoS).
you are pretty right with your assumptions - except that buying tickets is not really like a lottery. tickets have a price and you always get one (at least if you pay enough ticketfee). there's a more than 99% chance (@decred profis, correct me if am wrong) that your ticket gets voted with a 50% chance that it gets voted within the first 28 days. IMO decred has way too less public attention, it deserves much more. once it gets the attention, price should go up. You read it too literally. He was correct: the voting process is like a lottery. To participate in the "lottery", you have to buy tickets. But yes, 50% chance your ticket is called to vote within 28 days. Actually on average every vote takes 28 days or so, not just 50%. Some vote in 1 day, some in 60, but if you stake a lot the average is 28 days, plus one day to mature before you can vote with that Decred again. Right. So, on average, you can expect 50% of the tickets you buy to be mined within 28 days. As opposed to "only 50% of tickets vote within 28 days." |
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I am trying to understand the feaures of Decred.
Am I right on this: For the voting process you have to buy tickets (like a lottery). With these tickets you can vote for changes (e.g. Block size) or to rate the last mined block as valid etc. The more tickets you have the higher impact for the voting process is.
Am I right on this? This seems to be special for Decred (beside Hybrid PoW/PoS).
you are pretty right with your assumptions - except that buying tickets is not really like a lottery. tickets have a price and you always get one (at least if you pay enough ticketfee). there's a more than 99% chance (@decred profis, correct me if am wrong) that your ticket gets voted with a 50% chance that it gets voted within the first 28 days. IMO decred has way too less public attention, it deserves much more. once it gets the attention, price should go up. You read it too literally. He was correct: the voting process is like a lottery. To participate in the "lottery", you have to buy tickets. But yes, 50% chance your ticket is called to vote within 28 days. |
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Until when burst will remain with that ridiculous low value of 300 sat?
lol I guess you weren't around when it was ~32 sats. |
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I just listened to the live feed by admin Adam from Burst Nation interviewing Doctor. OMG !!!
Some facts. Doctor has been travelling for a week, now in Paris and continues to Turkey and Russia (Moscow?). He says he does not care about money and is giving away his sigts. Not sure what his motivation is and whether he is interested in the price rising if he does not have a sizable stake.
Doctor is apparently an old pal of crowetic (James Crowe) and admitted he organized the attack on the BURST servers at the request of crowetic back then when he was the "leader" for BURST coin.
James Crowe is apparently a convicted felon and a heroin addict, FBI is really looking for him for his past deeds (as fresh as July 10th) and they had to drop the connection for damage control. Then crowetic supposedly went rogue and decided to get the best bang for the buck by messing with the rest of the team after the break up.
Did I get it right?
Also I caught some words "brain tumor" dropped by Doctor. What was it about?
I'd be careful listening to anything Adam says. He's a complete fraud, and has done some really nasty shit just (just google him a bit). BurstNation is nothing but Adam's private little stage where he can censor anything he doesn't like. Glad Sigt dropped contact with Crow though; excellent move! I tried to caution the Sigt community about him weeks ago: https://bitcointalk.org/index.php?topic=2030529.msg20382387#msg20382387 |
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