Simple questions about Ethereum nobody can answer !!!

[Minecache]

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

Well because normally, a Website or app, would be on a server somewhere on the planet, but because it is just on centralized server, it is really easy to attack.
And with Ethereum there is no centralized attack point so it is always decentralized.
And the owner only Writes the code and then uploads it to the Ethereum network, he can't change anything after, when he supplies the code it is final.
The owner would need to write the self destruction in the code already, when he does that people will find out and warn others.

Salient point well said.

[Come-from-Beyond]

when he does that people will find out and warn others.

How efficient obfuscation of the code could be in our case?

[themasknetwork]

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

Well because normally, a Website or app, would be on a server somewhere on the planet, but because it is just on centralized server, it is really easy to attack.
And with Ethereum there is no centralized attack point so it is always decentralized.
And the owner only Writes the code and then uploads it to the Ethereum network, he can't change anything after, when he supplies the code it is final.
The owner would need to write the self destruction in the code already, when he does that people will find out and warn others.

If the owner of the contract can't change anything after it's launch then what happens if a bug / exploit has to be solved ?  What if i the developer wants add new features ? Imagine a complex application that gets stuck after a while and nobody can do anything. There are 2 scenarios :

- If the owner of the contract can't change the code after upload, the whole network will be bloated with contracts full of bugs that can not be changed or maintained.

- If the contract owner can change the code then we are NOT talking about decentralized contracts.


Regarding the website analogy :

- A website is a piece of code controlled by the owner, running over a decentralized network (Internet). If the website is attacked you can't use its' services for a while.

- An ethereum contract is a decentralized piece of code running over a decentralized network (ethereum net). If the website holding the interface code (ex. augur.net) is attacked, users will not be able to use the contract for a while..


Ethereum contracts need an interface to interact with users. Right now, almost all contracts interfaces are hosted on regular websites and some of them even asks for username / password (augur.net).

[hv_]

Just to point out that AT was launched over a year ago (it does smart contracts but it does them smarter and simpler - http://ciyam.org/at).

The AT model doesn't allow changes to be made "to the contract" but there are functions that differentiate between the "contract creator" and others (as that is sometimes desirable).

There are reasons why you would want a smart contract to differentiate between its "creator" and another user.

... you should ICO a CIYAM coin make a big fuss and get rich ...

[CIYAM]

... you should ICO a CIYAM coin make a big fuss and get rich ...

That is something I'll never do - but I will be releasing a non-coin "blockchain" later this year (with decentralised BTC and LTC trading being the most likely first application for it).

(not everyone here is just trying to "get rich quick")

[themasknetwork]

... you should ICO a CIYAM coin make a big fuss and get rich ...

That is something I'll never do - but I will be releasing a non-coin "blockchain" later this year (with decentralised BTC and LTC trading being the most likely first application for it).

(not everyone here is just trying to "get rich quick")

"with decentralised BTC and LTC trading being the most likely first application for it"

Why would you do that ? ) It's already here (over testnet).

Decentralized BTC, LTC, XM.... trading - http://maskwallet.com/pages/assets/margin_mkts/index.php

Official PR here : https://www.cryptocoinsnews.com/masknetwork-introduces-decentralized-margin-markets/

[CIYAM]

Why would you do that ? ) It's already here (over testnet).

Well for a start that is an alt coin and CIYAM won't ever be that - for a second why aren't they already on mainnet (or have they not got their tech correct yet?).

(are you a dev or just part of their marketing?)

[Come-from-Beyond]

(not everyone here is just trying to "get rich quick")

Isn't it because they already got enough?

[K210]

nobody seems to be able to give any straight answers when it comes to ether. I ask about the total coins some say 90m others say unlimited. I ask blockchain size and some say 5 GB others say 10GB. I am staying far away from this coin because i get the feeling that after the hype has down a lot of people are going to get burned. This is going to be worse then paycoin and auruacoin combined.

Its true that bitcoin may not have cutting edge tech, but at least it has been around 7 years and can be trusted to still be there tomorrow.

[CIYAM]

(not everyone here is just trying to "get rich quick")

Isn't it because they already got enough?

Well in my case that would be from actual "real software development" (something you seem to know very little about) and that occurred years before I had even heard of Bitcoin.

In your case it would be about creating crap software and playing social games in order to raise funds (for stuff that never actually gets done).

Not sure why you think trolling me in this topic is appropriate (but you are a "legendary troll" after all so keep at it).

[Come-from-Beyond]

I am staying far away from this coin because i get the feeling that after the hype has down a lot of people are going to get burned.

It's not hype, it's marketing. Almost noone knows that a solution similar to Ethereum has been existing for a year (look upthread for AT). And everyone knows Ethereum which is still not in the RELEASED phase. It's all marketing, voodoo magic of modern markets.

[Come-from-Beyond]

Well in my case that would be from actual "real software development" (something you seem to know very little about) and that occurred years before I had even heard of Bitcoin.

In your case it would be about creating crap software and playing social games in order to raise funds (for stuff that never actually gets done).

Not sure why you think trolling me in this topic is appropriate (but you are a "legendary troll" after all).

You may look white and fluffy to those who don't know you, but we both know the truth. And your real motives.

[CIYAM]

You may look white and fluffy to those who don't know you, but we both know the truth. And your real motives.

Oh really - and what are those "real motives" (please feel free to share your *insight* with everyone else)?

(and btw - "white and fluffy" would be considered to be insulting so if you are claiming to always be "polite" why are now you being insulting?)

[Come-from-Beyond]

Oh really - and what are those "real motives" (please feel free to share your *insight* with everyone else).

What for? To make you type 2 pages of angry posts again? Noone will read them anyway.

[CIYAM]

Oh really - and what are those "real motives" (please feel free to share your *insight* with everyone else).

What for? To make you type 2 pages of angry posts again? Noone will read them anyway.

So you posted the other post for exactly what purpose?

How about you just delete your pointless posts rather than "pretend you have some secret insight about me" which you clearly don't?

(hopefully your IOTA non-investors are following this topic as well)

[Come-from-Beyond]

So you posted the other post for exactly what purpose?

How about you just delete your pointless posts rather than "pretend you have some secret insight about me" which you clearly don't?

(hopefully your IOTA non-investors are following this topic as well)

You won't involve me into you crap today. A little bit busy, sorry.

[CIYAM]

You won't involve me into you crap today. A little bit busy, sorry.

I see - but not too busy to post that you are too busy.

(and yes maybe hard-coding a port number <= 1024 wasn't such a brilliant idea so perhaps you might spend your time more productively by fixing that rather glaring mistake rather than trying to troll me)

[themasknetwork]

nobody seems to be able to give any straight answers when it comes to ether. I ask about the total coins some say 90m others say unlimited. I ask blockchain size and some say 5 GB others say 10GB. I am staying far away from this coin because i get the feeling that after the hype has down a lot of people are going to get burned. This is going to be worse then paycoin and auruacoin combined.

Its true that bitcoin may not have cutting edge tech, but at least it has been around 7 years and can be trusted to still be there tomorrow.

Everybody knows and everybody can tell you that Ethereum has no hard cap. There is no maximum number of ETH. Developers stated from the first day that ETH is NOT a coin, it's "fuel".

It was designed to power smart contracts, not to be used as a currency. It was designed as "fuel" to exactly prevent what just happened. Huge price increase. If the price of ETH goes up very fast, smart contracts will become more and more expensive to run.

A high ETH price could be a huge problem for the whole ecosystem because even simple contracts will use a lot of $$$.

That's why the team decided to make ETH an inflationary currency.

What you see on exchanges are people buying "fuel" hoping that will do exactly what's not supposed to do : GO UP FAST !!!.

[Come-from-Beyond]

I see - but not too busy to post that you are too busy.

I take breaks time to time.

(and yes maybe hard-coding a port number <= 1024 wasn't such a brilliant idea so perhaps you might spend your time more productively by fixing that rather glaring mistake rather than trying to troll me)

Now I start suspecting that you've never been a professional software engineer...

[CIYAM]

Now I start suspecting that you've never been a professional software engineer...

Really - so you think it is "professional" to use a "root" restricted port in your software do you?

And btw - who exactly have you ever worked for?