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Author Topic: Ethereum: Good alt or stay away?  (Read 70409 times)
danherbias07
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October 06, 2016, 04:22:59 AM
 #361

If they can be satisfied with the number of profit they are getting  now then I can say it is good. But somehow if the stakes go larger that it is tempting to run, it will happen. We all see that from different incident that had been talked here.

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October 06, 2016, 04:27:32 AM
 #362

I must say that Ethereum can be a good investment but I honestly do not know what ti expect from it due to the fact the future cannot be predicted of course.
Lets hope we can say that it raised after a while.

Not only Ethereum,but we also cannot predict what will happen next on most of alt coin.What we can do,it just following their developement.Last a few week Ethereum price is going down for a while,i miss this chance to buy some coin because this week,the price for Ethereum already rising again.

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October 06, 2016, 12:28:25 PM
 #363

https://www.cryptocoinsnews.com/gavin-wood-calls-quick-ethereum-hardfork-fix-dos-attacks/

Gavin Wood, founder of Ethcore, maintainers of Parity, Ethereum’s second most used client, has called for a hardfork stating that it would instantly fix “the underlying flaws that the attacker is exploiting.”

For more than two weeks Ethereum has been undergoing a number of Dos attacks which exploit an underlying flaw: “EVM operations are grossly underpriced compared to the rest” – says Wood. The attacker has exploited this “with an inventive array of DoS contracts, all revolving around making clients do more work or consume more memory than the gas the transactions spent pays for,” according to Nick Johnson, Ethereum Go developer which is currently used by most of the network. There have been a number of releases, with the latest today. Johnson states:

“Our approach to fixing the issues has been to reduce the amount of work we do until it’s in line with what the gas actually pays for – optimisations, effectively. The upcoming release has more or less the ultimate in that series of optimisations, by actually journalling all the state changes, so we can play back the journal if we need to revert, rather than having to copy anything at all.”

Wood, however, states that the Dos attacks will “most certainly continue for months” until metropolis when the network is to undergo an upgrade. Wood states:

“The attacker seems happy testing the protocol thoroughly, so they’ll probably continue. A hard fork will fix many of the most grievous problems we know of, though others may be lurking.

I have been calling for a fast hard fork since day 1. It would be around 4 minor changes to the yellow paper and each implementation, yet there has been little movement on it. I just hope the foundation doesn’t hope to bundle these hotfixes in with all the most substantial metropolis feature additions. If they do, then these attacks will almost certainly continue for months.”

Some in the public blockchain space are averse to hardforks, but as this is to fix the protocol, it is unlikely to be controversial with the general public if an overall understanding is reached that a quick hardfork is the best solution. However, it isn’t clear whether there is such understanding. One of the Ethereum developers who replied in time for publishing, Jeffrey Wickle, an Ethereum Go developer, stated that there were no plans for a hardfork:

“We need to revise our gas costs, surely. Doing it quickly isn’t an option.”
It isn’t clear who is launching the attacks which, according to Johnson, have cost the attackers $5,000 to $10,000. The very first was just hours before Devcon2’s opening, suggesting malicious intentions, but their continuation thereafter has had little effect on the market save for taking up devs time and strengthening the network in what some are calling playing whack amole. Emin Gün Sirer, Cornell professor, who has recently been traveling and has not looked at specific proposals to address the dos, stated:

“My guess is that they are sponsored attacks. There’s nothing to gain by launching [those] attacks, yet some people are spending substantial amounts of time on them.”

Bitcoin Core developers have previously stated that bitcoin’s network is very vulnerable to DDos with few defenses available, but in this dos case for Ethereum, Wood states the flaw being exploited by the attacker would “instantly vanish” with a quick hardfork which would:

ncrease the gas price of certain EVM operations; EXTCODESIZE, EXTCODECOPY, BALANCE and *CALL* according to the amount of work that’s actually happening, in particular regarding database i/o.”

If there is general agreement, a fork could be a non-event as was the case back in March due to its non-controversial nature, but with many moving to Parity, which has an implementation that minimizes the dos effects on node operation, Go Ethereum developers might use the same implementation approach and make do until metropolis.

Parity, however, is also affected and has launched a number of client updates to address the dos, so it is not very clear whether waiting or a quick network upgrade is the best option.
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October 06, 2016, 12:43:08 PM
 #364

I think also same ETH value jumped too fast maybe I am wrong Smiley

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October 06, 2016, 04:35:23 PM
 #365

I think also same ETH value jumped too fast maybe I am wrong Smiley

You can be right. The Ethereum is dropping now. But it is similar to many other altcoins. Maybe nothing specific.
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October 06, 2016, 06:20:23 PM
 #366

At the moment stay away, but in a couple of days, it will probably start going back up.
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October 11, 2016, 05:22:26 PM
 #367

At the moment stay away, but in a couple of days, it will probably start going back up.

The Ethereum is under constant attack now. That could be the reason for the price drop. If it survives, the price will rise.

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October 12, 2016, 01:35:21 AM
 #368

I think the alt is good and that we can invest in it, I even think that there are some chances that it will rise to a higher amount soon.
Lets hope on this people, we can trust it.
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October 12, 2016, 05:57:25 AM
 #369

At the moment stay away, but in a couple of days, it will probably start going back up.

The Ethereum is under constant attack now. That could be the reason for the price drop. If it survives, the price will rise.

The good thing about Ethereum is it has become stronger than ever after surviving those recent network attacks and never seen a huge drop in price.
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October 12, 2016, 06:02:31 AM
 #370

Trading is always risky and none can assure what's going to happen in next.So prediction about ethereum is not possible. We should wait and watch but I will stay at ethereum because in past it gave me much profit.
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October 14, 2016, 08:55:16 AM
 #371

Hi everyone, I've been around for a while now.. 
I've seen a lot of posts positive and negative about Ethereum.

At the moment I am holding Bitcoins, but I have invested in some Ether as well.

Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).

So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)

Thanks!

Ethereum right now can be still consider as one of the alt. I said it because my friend in Australia advised me actually to buy eth, because he told me that it is of the legit and stable altcoin in the cryptocurrency. So I think no reason to stay away from it. 

                                 
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October 14, 2016, 05:29:36 PM
 #372

Hi everyone, I've been around for a while now.. 
I've seen a lot of posts positive and negative about Ethereum.

At the moment I am holding Bitcoins, but I have invested in some Ether as well.

Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).

So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)

Thanks!

Ethereum right now can be still consider as one of the alt. I said it because my friend in Australia advised me actually to buy eth, because he told me that it is of the legit and stable altcoin in the cryptocurrency. So I think no reason to stay away from it. 


For the time being, any coin other than the bitcoin can be considered as alt. When the Etheruem becomes the largest coin, the bitcoin is an alt.
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October 14, 2016, 09:28:57 PM
 #373

It is good alt if you are planning to do short term trade in altcoins but if you are doing long term trade the it is not good alt for that trade and it will be risky. and it will be possible that you will face the problem to lose your money.

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October 15, 2016, 03:42:52 AM
 #374

I can't say about etherum but definitely stay away from etherum classic
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October 15, 2016, 03:45:48 AM
 #375

Despite of another planned hard fork I should say Ethereum is still a good alt.
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October 15, 2016, 03:48:38 AM
 #376

Despite of another planned hard fork I should say Ethereum is still a good alt.

So far I agree with you as I have still my ETH on exchanges. Though I leave it there ,I have no complaint so far. Devs and ETH community are active also.For me its a good one.

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October 15, 2016, 04:58:00 AM
 #377

with the new hard fork coming maybe is good to stay in eth, but eth clasicc i don't know stay away from this maybe the new changes in ethereum.
Maybe the ethc loses value, just wait the future and see what is the best thing.

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October 15, 2016, 09:35:20 AM
 #378

Hi everyone, I've been around for a while now.. 
I've seen a lot of posts positive and negative about Ethereum.

At the moment I am holding Bitcoins, but I have invested in some Ether as well.

Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).

So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)

Thanks!

for me, i will not say Eth is a good altcoins or not, but as long as eth can give me good profit, then i will playing around with eth and make profit with eth but if there are somehow eth is not giving me a good profit then i will not playing again with eth.

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October 15, 2016, 10:42:45 PM
 #379

I think also same ETH value jumped too fast maybe I am wrong Smiley

You can be right. The Ethereum is dropping now. But it is similar to many other altcoins. Maybe nothing specific.
altcoin is now not a special altcoin as it was in the past now it is just an altcoins as all other hundreds of altcoins. People have worry about their money in it for long term and they often go for short term in this coin.


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October 16, 2016, 02:50:25 AM
 #380

Despite of another planned hard fork I should say Ethereum is still a good alt.
If this issues  would  continue on the long run for sure investors and holders of  it would really lost its  trust to ethereum. I do have high hopes in this coin to be succesfull even more on the long run but those  issues  exist a  big blockage on its success and devs should  really work hard  regarding with this.



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