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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
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on: July 23, 2016, 09:13:40 PM
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You must remember that there are cases in history where the inferior technology won the race against superior technology due to market forces and where an ethical decision lost to an unethical decision also due to market forces. e.g. it is good not to cut down trees and destroy the rain forests, but as long as there is a high demand for wood and people that live at the forests don't have alternative income, the forests will be cut down.
Similarly, one can argue ethical and all sorts of arguments for and against the hf, but if the market forces are at the new fork and the VBs dev team, then that fork will be the winning fork. Any alternative forks will just be that - alternative forks that will most probably be on the losing side.
Until developers realize they don't want fbi, vb or ef as their boss. People are human beings and human beings have human nature and part of human nature is to take the path of least resistance, blend in under the radar and go with the flow, especially if that path of least resistance puts food on the table. A small percentage will be different and take a stand but it is only in rare cases where resisting the flow will be successful and the attempts usually come at a high cost. e.g. high cost in this case could be mining on a chain that eventually will be dead anyways so why lose all the income between now and then? |
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1283
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
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on: July 23, 2016, 08:54:13 PM
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You must remember that there are cases in history where the inferior technology won the race against superior technology due to market forces and where an ethical decision lost to an unethical decision also due to market forces. e.g. it is good not to cut down trees and destroy the rain forests, but as long as there is a high demand for wood and people that live at the forests don't have alternative income, the forests will be cut down.
Similarly, one can argue ethical and all sorts of arguments for and against the hf, but if the market forces are at the new fork and the VBs dev team, then that fork will be the winning fork. Any alternative forks will just be that - alternative forks that will most probably be on the losing side.
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1285
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning
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on: July 23, 2016, 08:18:23 PM
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This is a self sustaining financial disaster that will take a long time to peter out, along the lines of drk only larger.
What do you base your viewpoint on? There is only 100 threads on it, if your late to the discussion I certainly can't catch you up. I am aware of all the discussions and have my own view, I was just interested in which elements you took into account for your view e.g technical, chain functionality, currency, markets price and interest, centralize vs decentralize, trust/loss of trust, security, distribution etc. Also, what do you define as a financial disaster. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOC]UPDATE V1.4.5 OUT!! LOCO|Quark|PoW/PoS|HiPos|Masternodes|Tor[LOC][ANN]
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on: July 23, 2016, 07:47:07 PM
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Im having big issues synching.
Tried jumping 9 days back.. still problems.
Are there multiple forks going on or wtf is up?
it's generic shit of the coinbase, wallet processing tons of orphans, and it's progressing.... so it takes too much resources, and may hang itself or even brake the system. my wallet still can make it thru, and always gets synced, with lags and load spikes, but already not very good at solo mining, folks with more powerful machines may have trouble much later, but they will for sure, just a matter of time (and number of staking blocks on the network) This type of wallet does tend to become very slow and difficult to manage over time. I hope nightz would be able to fix the code so that performance improves. |
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1297
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LOC]UPDATE V1.4.5 OUT!! LOCO|Quark|PoW/PoS|HiPos|Masternodes|Tor[LOC][ANN]
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on: July 15, 2016, 09:16:22 PM
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GUI: libpng warning: iCCP: known incorrect sRGB profile
its in my debug file, whats that ?
Can you pass me latest block chain ?
Dont worry about the libpng it is not material. For chain check post #1154 above it is a day or two old or are you looking for a later chain? For your error, start from scratch with a new wallet.dat and sync up. Then just replace your wallet.dat with your loaded one and the conflict should be gone. Or just replace with an old backup and it will rescan to current and conflict will be gone. |
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1300
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning
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on: July 15, 2016, 10:07:54 AM
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Yes I have noticed there is already a wave of buying going on right now. It looks like the people are having confidence in buying again.
Those are the losers. It is obvious now that profiting from a smart contract on the eth network is a risky business as it will be hardforked if the majority of losers decide you're too profitable. I doubt that a hard fork will just happen because people think it is too profitable. What I do agree with is once the devide is crossed and the rabbit hole is entered, there is no turning back and the potential of more hard forks is there that business must be aware of. What is the truth today might not be tomorrow if the powers at be decide so for some reason, which has to be factored into a risk assessment. |
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