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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Zcash worth to invest in it? on: December 23, 2016, 09:23:24 AM
I think there is a good chance of another pull back before it really heads north. Unless volume really picks up that is.

I agree with that. It will stay low for some time.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Zcash worth to invest in it? on: November 24, 2016, 08:36:00 AM
i think i will not buy zcash for now because the price is too expensive too me beside that i don't know when the price will be back like before and i don't think that the price will increase. so i think will buy another altcoins which have low price for invest in short until middle time.

It is better to wait when there is some good application of the ZCash. You might earn too much, but it is safer.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: October 26, 2016, 07:39:47 AM
Step 1.  Sell/stop bagholding ETH

Step 2.  Buy WBB

Setp 3.  Enjoy soon to be had profits in a project that will have REAL BUSINESS usage and money coming in shortly, also a kickass wallet unseen before in crypto.

*BOOM MIC DROP*

The ZCash could be a better choice than the WBB. There are many reports about the coin in the media.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: October 21, 2016, 07:33:49 AM
https://www.reddheads.com/en/first-ethereum-hard-fork-successful-second-imminent/

Earlier this week the Ethereum community successfully executed a hard fork – the first in a planned series of two – aimed at reducing the feasibility of possible attack vectors recently highlighted by a person or group of people attacking the network.

Based on EIP (Ethereum Improvement Proposal) 150 version 1c, the hard fork implemented recalculated costs for operations available to the creators of Ethereum contracts. The attacker(s) was exploiting the fact that certain operations that require relatively large computational outlay were relatively cheap to execute. Repeatedly running these operations millions of times placed excessive strain on many Ethereum nodes and caused the network to slow down. It was a DoS (Denial of Service) attack specifically tailored for the Ethereum network. The hard fork increased the costs of the operations in question to render this particular DoS method prohibitively expensive.

Further attacks carried out on the Ethereum network before the first hard fork saw many empty accounts being created on the network due to manipulation of the SUICIDE (self-destruct) operation, to the extent that now the size of the data for the state of all accounts on the blockchain can no longer be cached, allowing the attacker to get further mileage from his malicious accounts by creating new spam operations to continually read from disk the balance of these accounts, thus forcing more work on the system. A clean-up of the attacker’s empty accounts is scheduled with the second hard fork, upcoming in a few days.

Ethereum

GO BACK HOME!

Ethereum has been under attack since the start of the Devcon2 conference in Shanghai, on 19 September. Just before the Ethereum devs went on stage for the first day of the event, a rogue transaction was made on the network, with a payload aimed at manipulating various operations to increase memory usage in the Ethereum Geth client (popular official command line interface client), eventually causing this client to crash and many nodes to drop offline. What looked like a message (written in German) directed to the Ethereum team and Ethereum in general, was tagged to the attack transaction in question: “Fahrt nach Hause”, meaning “Go back home!” or “Get the fuck out of here!”

Further attacks since 19 September include the methods specified above and general abuse of relatively low-priced operations available to contract creators on the Ethereum Virtual Machine (EVM).

The overall effect of the attacks was to congest the network to a level where blocksizes were greatly increased, leading to increased block creation times and blocks so full of spam that genuine transactions were being impeded from entering the network for confirmation. Full nodes were placed under strain as they managed the bloated account state of the blockchain.

judo

Multi-level defence and system improvements

As well as the protocol changes implemented by hard fork, reactions to the attacks included work on Ethereum clients Geth, Parity and others to improve performance by modifying cache settings and adding caches to deal with memory requirements, miners lowering block gas limits to limit the number of spam transactions that the attacker could potentially squeeze into each block, thereby making processing blocks a bit easier for nodes, and other defensive actions and system improvements.

Commenting on the current situation, Ethereum dev Gustav Simonsson wrote:

Correcting the gas cost of op codes makes Ethereum more efficient as it enables more txs and real throughput by disincentivizing “artificial” use of the platform – simple loops over op codes which has no utility other than DoS.

In fact, the attack surface of Ethereum is surprisingly small given that it’s much more powerful & flexible than other live blockchain systems. This is much due to having cross-client specifications & test suits and multiple implementations in different programming languages.

Claiming the attacker has “unlimited runway to continue” is ignorant FUD.

The vulnerabilities fixed over the past weeks have all been in very specific subsets of the Ethereum protocols:

gas cost of a subset of the VM op codes.
logic around “empty” accounts
performance of state handling of accounts.
unconfirmed tx (mempool) queuing & broadcast logic.
(3) and (4) have been vastly improved in geth, parity and other implementations which is why the attacker is no longer targeting these.

(1) was too a large degree fixed by the HF, although it’s clear that EXP (and possibly a few other arithmetic op codes) also need to be adjusted.

(1) and (2) will be further addressed by a 2nd HF (https://github.com/ethereum/EIPs/issues/158)

With the current gas system, there will always be some combination of op codes requiring the most resource usage for the least cost.

Prior to this HF, the block gas limit was voted to 0.5M to ensure the network remained operational and processed txs during attacks.

Now we see that the network is chugging along during attack txs with a at 2M gas limit (although older, slower systems without SSD drives will need patches that are currently being worked on in both geth and parity).

Overall, this HF + patches in clients have improved the bottleneck of Ethereum by more than an order of magnitude. In a few weeks, it’ll be another order of magnitude.

And in the long term all txs we currently describe as “attack” or “DoS” txs will become indistinguishable from regular txs as their tx fees will be proportional to their resource usage.
5  Other / Off-topic / Re: use Bitcoin in daily life? on: October 04, 2016, 05:24:02 PM
If you are using Bitcoin as an investment then it would not be a good thing to be using them everyday especially if you want to spend them.
Bitcoin helps me to make and save money at the same time so spending is not a option for me.

If you can use 90% of the bitcoin as an investment and use 10% of the bitcoin in some transactions, that will be a good balance.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: September 20, 2016, 08:25:49 AM
There is a big conference about the Etheruem. So I think the Ethereum will last a bit longer.

Ethereum Community Buzzing after Opening Day at Devcon2
Those who made the trip to Shanghai for Devcon2, were treated to an action-filled day of forward-thinking presentations from leaders all over the world in Ethereum and blockchain technology. This is the Opening Day recap.

Those who made the trip to Shanghai for Devcon2, were treated to an action-filled day of forward-thinking presentations from leaders all over the world in Ethereum and blockchain technology.

Ethereum already leads the blockchain space. In terms of transaction speed, energy efficiency, ease of use, the availability of user and developer tools, a great leadership team, thriving community, and real-world applicability and legal and regulatory foresight, Ethereum has maintained its innovative structure. It’s certainly distanced itself from other blockchains which have (assumed) dominance in the crypto space and are often associated with specific evasive use-cases that Ethereum wants to step away from. But Ethereum is not just about fast, efficient, scalable and near zero-cost value transfer. Ethereum’s major distinguishing feature is its virtual machine (the EVM) which enables blockchain programmability or “smart contracts”. That’s where the main utility and value of Ethereum technology will come from in the future. As we look forward, we realize we are moving beyond the traditional blockchain technology which has led us here and served us so well. All of this innovation is made even more apparent at this year’s second annual Devcon2 event.

The opening day of Devcon2 was awe inspiring. The highlight for me was Vitalik’s “Mauve Revolution” overview of Casper and the relentless progress of Ethereum moving from proof-of-work to proof-of-stake. Vitalik’s “Mauve Revolution" presentation showed that the limitations previously associated with Ethereum technology have been addressed: privacy (particularly at the base protocol layer), scalability (moving from dozens of tx/sec to millions), cost (it currently costs ~$360,000 a day to run the network) and high transaction latency (currently 14 seconds).

Lightweight Clients

Vitalik didn’t just talk about the roadmap and future of Ethereum over the coming months and years. He also spoke very highly of the recent work done by Ethcore and Parity. Parity is a “lightweight” Ethereum client which, as Vitalik explained (to those who didn’t know already), takes advantage of Merkle Tree hashing which allows for efficiently verifiable proofs that a transaction was included in a block without requiring high-performance hardware.

The availability of a fast and efficient lightweight client has opened up a wide range of possibilities for wearable devices, and low power, single board computers, and (most importantly) IoT devices. The Internet of Things is a market sector that’s growing rapidly. Bob Summerwill, Vancouver-based Ethereum Foundation developer wowed the audience with a photograph of his very cool desk which featured his own Java ring (Google it), Raspberry Pi, oDroid, C64 and Atari. He even managed to get Ethereum running on a Raspberry Pi Model A board!

Porting of EVM to Wasm

Other notable developments from the opening day at Devcon2 was the work done in transpiling EVM code to the W3C’s web assembly. This is a huge contribution to the community and will pay dividends over the coming months and years. These benefits will unfold as the major Javascript engines from Microsoft Edge, Chrome, Firefox, node.js, etc. enable web assembly protocols in their stable releases.

Ethereum is at the cutting edge of next-generation web and it was made clear while listening to Martin Becze and Alex Beregszaszi when they presented their panel, “Ethereum <3 WebAssembly.” (EVM2wasm is available at https://github.com/ewasm/evm2wasm.)

There were so many other exemplary presentations. One from Dr. Philip Daian of Cornell University (project page: initc3.org) who works on smart contract research, presented "Writing Secure and Correct Smart Contracts". He made a number of very important points to the community on formal verification/specification of Ethereum code, the role of escape hatch/kill switch functionality in real-world mission-critical systems, and bug bounty schemes to incentivize defenders and remove financial incentives from attackers. Heiko Hees’s presentation of the Raiden network applied to Ethereum was also very well received. Ethereum now meets and exceeds similar networks running on rival blockchains. Raiden for Ethereum currently works and will be available to the public very soon.

Socializing was in full swing after the event, with numerous people networking at the rooftop Vue Bar. The networking opportunities at Devcon2 are one of the reasons developers, corporations, banks, government agencies, legal experts, academics, etc. come to this event. This is the place to be if you want a high concentration of Ethereum domain experts who all share big hopes and dreams for the future. Tomorrow night, the official Devcon2 party takes place at Upmarket Bar Rouge by the Bund where there are many more opportunities for Ethereum leaders to have fun and unwind from the buzz of the conference venue.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: September 10, 2016, 08:03:17 AM
You must be either stupid or too invested into failed ETC. There are literally hundreds of projects being build on ethereum, and alot of positive news lately. Go read reddit. Even the giant thomson reuters supports ethereum for a while now.
It's really hard to argue what i just said when giants like apple (asked to remove ETC from jaxx), microsoft, thomson reuters, santander bank as sponsor, openly support ethereum. When thomson reuters put a huge billboard panel on their building you know something is really moving. Some of the shitloads of positive news.
https://twitter.com/CryptoCompare/status/773526471293960192
https://twitter.com/GeorgeAHallam/status/774330620973617154
https://news.bitcoin.com/visa-test-blockchain-payments/
http://themerkle.com/the-pitts-family-circus-is-the-first-ever-film-crowdfunded-with-ethereum/
These are just examples, there are many more. So yeah, keep dreaming.


The Ethereum Foundation and the Vitalk has a lot of ETC. There is no news that they sell the ETC. Do you think they are confident in ETC?
8  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: August 27, 2016, 07:30:57 AM
I'm giving ETH the advantage of doubt now. I haven't invested new money into it for a while, but in fact I'm still making good enough profit for me with trading the ETH that I already have. I wouldn't base a long-term plan on it, but I wouldn't just sell all my ETH at once either.

Your life is pretty good if you use the ETH as one place to invest (trading), and I think that ETH will not be game over. Because the ETH has its own uniqueness and they also have a foundation strong enough to survive in the market altcoin. So if you still doubt, then you can use the ETH for short term


Yeah, let's talk about ETH as if it were living in a vacuum, and this little diluting coin, called ETC, did not exist.   Roll Eyes Roll Eyes

The ETC is existing at the moment. But it might not exist after the DAO hacker start dumping the ETC in the nar future.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: August 10, 2016, 08:01:50 AM
I have to chose one among ETH and ETC and the way i did it is to withdraw everything to bitcoin and then buy ETC after its drop. If you hold ETH for months as well, you may wanna do this too. Its going to help you win over this fight.

The ETC price is dropping at the moment, so you have to be careful. Maybe the pump of ETC has finished.

It is difficult to predict. Some of the ETC pumpers are quite rich, so they might have enough money to support the price.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: July 27, 2016, 06:07:51 PM
I do not trust the people who think stealing money from the loop hole in the coding is right. I will support ETH.

What a cute, as well as ignorant sentiment.

You will find out if you can work with the ETC thief in the next few days. He will dump his coins to get rich.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH = Game Over on: July 18, 2016, 08:44:21 AM
Bruce Wanker Gives An Update on the DAO Situation

https://www.youtube.com/watch?v=Ik4DpbVQxlA


So what did happen July 16 passed, now its 18.

What happened, did they hardfork or what is the current status. I`m just tool lazy to read ETH subreddit with all the trolls there.
#

There could be a hard fork. But the users will decide in the next few days.
https://github.com/ethereum/go-ethereum/releases
12  Economy / Speculation / Re: Bitcoin go to $500 on: July 01, 2016, 11:11:43 AM
You can see indeed that the value of Bitcoin is going to be higher and that many people are now waiting for the right moment to sell it so that is really nice.
But you dont even know what will happen in the future and that is the problem of Bitcoin but that is just only risky also.

The issue with the bitcoin is that you never know where it is heading. If its going in an upward direction, it does not means that it will keep on rising or if it is going in downward direction, then also it does not mean it will countiune in that direction. You cannot predit the price of this coin. One day it can be as high as 750$ and the other day it can fall to as low as 500$. This unpredcitable nature of bitcoins makes it very difficult to  guess what wil be the furture price of this coin.

The best thing you can do is sell when you see higher price and gain some profits, as not sure what can be the price very next day, keep on playing with coins in short term.
I dont think the bitcoin will go to that low the price of the bitcoin now is around the 600 dollar and he will not
drop to that low for sure if he does i think it will be the end of the many users of bitcoins becasue there are allot of people investing the last months.

The price could go below $500 in a flash crash in a small exchange. But it will recover quickly to normal price.
13  Other / Off-topic / Re: use Bitcoin in daily life? on: June 14, 2016, 02:30:46 PM
I do not use the bitcoin in daily life. I just use it occasionally to buy some computer components. That is something I like.
14  Bitcoin / Bitcoin Discussion / Re: Websites accepting bitcoins on: May 31, 2016, 02:14:55 PM
I know the scan.co.uk accept the bitcoin. You can find the bitcoin symbol at the bottom of the page, together with visa and Amex.
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