My prediction about ETH

[iamnotback]

Take home idea: we really don't need smart contracts. The Oracles cause centralization issues, and while smart contracts sound sharp, I really don't see a reasonable use case outside of finance/law (where the Oracle would be subject to regulation, and therefore would have the proper motivation to behave)  

On the issue of Oracles, I also had an epiphany on that recently:

Originally I couldn't envision many valid use cases for this new craze building on top of more powerful block chain scripting and the block chain as a generalized state transition database, i,e. the block chain + scripting as a Turing complete machine.

And that was to a large extent because data feeds on external events break consensus algorithms. But then I realized that external events can be voted on.

Any contract that requires an external data feed breaks the ability to have a valid consensus algorithm. So this limits us to scripting which refers to data that is already on the block chain, i.e. the only thing that a block chain can validate are state transitions from an initial set of data, i.e. the genesis block.

So this basically limits what block chains can do, to financial contracts that involve how value is transferred over time and voting. Our contract logic can't refer to events that occur external to the block chain, except by voting. So this means external data feeds (events external to the block chain) can only be accommodated as voters, i.e. if one reporter of the event is authorized then it is a 1-of-1 quorum and if there are 5 reporters of an external event, then say our contract requires 3-of-5 to agree on the report, and then of course the contract has to have logic for what to do in the case that the quorum on an external event can't be achieved.

...

[iamnotback]

I had an epiphany also it was not to touch that link with a ten foot pole.

I practically wrote the Ethereum Paradox thread, so you are preaching to a former member of your tribe.

I don't intentionally promulgate technological bullshit.

So be careful. I think there is something very important coming as a use case in the smart contract area. I will be writing more about this soon.

[crairezx20]

Well for me i don't believe that the price of eth will increase more and i think instead of increase it will be down and decrease i think 0.007 is enough price or below this price..

[Bestwishes745]

Now Ehereum faced its destruction, the drop down has been start and I will say Ethereum will not at 0.05 BTC but it will sooner at $0.05, the lucky are those who in time change their ethereum to bitcoin.

[dadon]

I had an epiphany also it was not to touch that link with a ten foot pole.

I practically wrote the Ethereum Paradox thread, so you are preaching to a former member of your tribe.

I don't intentionally promulgate technological bullshit.

So be careful. I think there is something very important coming as a use case in the smart contract area. I will be writing more about this soon.

I don't click links from anyone, ever, so don't take it personally.

[iamnotback]

I don't click links from anyone, ever, so don't take it personally.

It's cool. I don't have any need to ram anything down your throat. Differences of opinion or thought make a free market.

[Tzupy]

I am going to say it straightly, 0.05 BTC.

There is a panic now, you guys are not wrong, hard-soft fork, eth pos etc. bla bla bla.

But after the dust, eth will see an all time high. Sorry.

By 0.05 BTC, which is around 38$ now, do you mean a new ETH ATH, or was it a typo and you really meant 3.8$ as the bottom for ETH?

[Minecache]

I see no reason why if they pull off a fix this will not be evidence for how good the team are. I mean Bitcoin had Gox or have we all forgotten?

Yup. Collective short term memories from the Spoetniktards.

[RastoMan]

I am going to say it straightly, 0.05 BTC.

There is a panic now, you guys are not wrong, hard-soft fork, eth pos etc. bla bla bla.

But after the dust, eth will see an all time high. Sorry.

By 0.05 BTC, which is around 38$ now, do you mean a new ETH ATH, or was it a typo and you really meant 3.8$ as the bottom for ETH?

I think he means after the crisis, the Etheruem price could be 0.05. The previous all time high was 0.037. It is difficult to reach 0.05.

[iamnotback]

I am going to say it straightly, 0.05 BTC.

There is a panic now, you guys are not wrong, hard-soft fork, eth pos etc. bla bla bla.

But after the dust, eth will see an all time high. Sorry.

By 0.05 BTC, which is around 38$ now, do you mean a new ETH ATH, or was it a typo and you really meant 3.8$ as the bottom for ETH?

I think he means after the crisis, the Etheruem price could be 0.05. The previous all time high was 0.037. It is difficult to reach 0.05.

I thought he had a typo and meant 0.005. If he means $38, then I disagree, as per my reply expect $7 or $1 before recovering. But not recovering to ATH $38.

[Divinespark]

Yep. I don't think Ether has hit rock bottom here but we will get to a level where it is worth buying as a punt. It is definitely oversold at the moment.

[Bemerand]

Yep. I don't think Ether has hit rock bottom here but we will get to a level where it is worth buying as a punt. It is definitely oversold at the moment.

The price of Etheruem is much stronger than expected. I thought the price should be $7 by now, but it is still $12.

[rocketron]

Am I the only one that actually thinks the dao hack was good for ethereum ?

[gomados]

Am I the only one that actually thinks the dao hack was good for ethereum ?

If don´t kill it ..YES It will be stronger for sure..

[portalufonet]

ETH trash is made for fast profit only, there are some whales in, and the whales wants the price pumping and dumping to make tons of money like they are doing since this trashcoin born

ETH hacked, DAO hacked? serious? accident or purposely to make the prices go down? whales buy cheap and then pump the prices again.......

ETH was "allegedly" hacked

100% "purpose"

Sorry for the bad english and stay alway this pyramid pump and dump scam trash coin.

[Bemerand]

ETH trash is made for fast profit only, there are some whales in, and the whales wants the price pumping and dumping to make tons of money like they are doing since this trashcoin born

ETH hacked, DAO hacked? serious? accident or purposely to make the prices go down? whales buy cheap and then pump the prices again.......

ETH was "allegedly" hacked

100% "purpose"

Sorry for the bad english and stay alway this pyramid pump and dump scam trash coin.

You could be right. Many people sold due to the hack. The price dropped a lot. But it rose 45% in the last 24 hours.

[OldschoolNoob]

ETH trash is made for fast profit only, there are some whales in, and the whales wants the price pumping and dumping to make tons of money like they are doing since this trashcoin born

ETH hacked, DAO hacked? serious? accident or purposely to make the prices go down? whales buy cheap and then pump the prices again.......

ETH was "allegedly" hacked

100% "purpose"

Sorry for the bad english and stay alway this pyramid pump and dump scam trash coin.

Very valid points - the "hack" could have been an inside job. There is a high chance of that. And this all could have been organized by the insiders.

[RastoMan]

ETH trash is made for fast profit only, there are some whales in, and the whales wants the price pumping and dumping to make tons of money like they are doing since this trashcoin born

ETH hacked, DAO hacked? serious? accident or purposely to make the prices go down? whales buy cheap and then pump the prices again.......

ETH was "allegedly" hacked

100% "purpose"

Sorry for the bad english and stay alway this pyramid pump and dump scam trash coin.

Very valid points - the "hack" could have been an inside job. There is a high chance of that. And this all could have been organized by the insiders.

I do not think so. The hack could be done by any capable person. The bug was known for some time before the hack.

[BitUsher]

Clusterfuck

[RastoMan]

Am I the only one that actually thinks the dao hack was good for ethereum ?

You and a few Ethereum trolls.