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Author Topic: Ethereum isn't even close to being dead and yes any fork is GOOD.  (Read 1247 times)
ProfessionalGoogler (OP)
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July 07, 2016, 03:23:26 AM
Last edit: July 07, 2016, 05:21:15 AM by ProfessionalGoogler
 #1

I watched Ethereum start skyrocketing out of no where ($21+) and then crash - sure enough the DAO was directly linked to this wave of doubt as the internet became flooded with the event that just happened.

In the world of technology absolutely nothing is perfect or "programmed as intended" -- "bugs" are found and defined as such by the developers over time. This isn't a one-time-it-is-perfect project. It never is and shouldn't be.

Technology will always ultimately be under the control of human/humans which contain defined "bugs" over time - Google, Apple, Microsoft, Sony, Yahoo - not to mention our own governments and military systems.

No of course Ethereum isn't as decentralized as you might want to believe (but the same can be said about Bitcoin!). The people behind Ethereum make a point that they are in this for the long run -- willing to build, maintain, fix and even change everything you want to imagine for this space online.

You'll always run into unintended consequences when developing new technology for the future.

Man Who Died in Self-Driving Tesla Crash Was Watching 'Harry Potter' Film During Wreck: Witness

http://www.insideedition.com/headlines/17347-man-who-died-in-self-driving-tesla-crash-was-watching-harry-potter-film-during-wreck
 
Here is Ethereum currently:

<-- heartbeat of the project

Even if Ethereum dropped 50% now it would still be a success and continue to be so.

Just avoid listening to people like r0ach and you'll be okay.


XbladeX
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July 07, 2016, 06:46:32 AM
 #2

You know on market you have 2 directions go up and go down.
Mostly going up part is much shorter part than going down.
Sad for ETH investors is and whole crypto was DAO which put big uncertain
under ETH feet. From my outsider perspective its like whole ETH fail becouse
something where people invested 100+ m of real $ was not able to see it so what will happen to
smaler projects. From my perspective this is not just hack problem but hack uder eyes few developers
who where advanced in ETH.
But markets move under fear/hype non rational way, fundamentals are not so important.
Fork should calm down investors and future investors that will just mean that ETH is under control of lead devs
but it really is so why we should denied it. After form people will look at ETH more like riplle.
With good projects it can rise again easy more hype projects more rise.

Request / 26th September / 2022 APP-06-22-4587
Mjbmonetarymetals
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July 07, 2016, 07:20:31 AM
 #3

Litecoin went 50X down, now 4X back up that's what we call volatility. When you think something's finished going down a good rue would be to think again.

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July 07, 2016, 07:38:41 AM
 #4

Ethereum is not dead. Who said it died? But a fork is both good and bad. The good is investors get their ETH back, but the bad is the stigma it has for being the blockchain that rolled back transactions. That could have a huge negative impact on the platform in the long run. That's just my humble opinion.

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NyeFe
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July 07, 2016, 09:48:27 AM
 #5

The has already cost millions of dollars in financial loses to investors.


Why would anybody in their right mind listen/believe the integrity of whatever nonsense Eth devs have to say?

It isn't safe, and there's lots of interesting cryptocurrencies projects going on, Eth doesnt deserve any special attention. 

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July 07, 2016, 11:22:39 AM
 #6

Ethereum is a game changing coin it just used new high level language that caused a bug.A vote is going out later on this weekend for a hard fork that will sort everything.The bug in the code has been sorted.They did not just use Solidity it was hybrid of it so bugs can happen.

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July 07, 2016, 11:47:59 AM
 #7

Can someone explain briefly what happened to ETH lately ? Thx
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July 07, 2016, 11:49:56 AM
 #8

Any fork is BAD.  Eth is very close to being dead.  Scam

https://www.youtube.com/watch?v=1ytCEuuW2_A
mining1
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July 07, 2016, 12:20:28 PM
 #9

Ethereum is not dead. Who said it died? But a fork is both good and bad. The good is investors get their ETH back, but the bad is the stigma it has for being the blockchain that rolled back transactions. That could have a huge negative impact on the platform in the long run. That's just my humble opinion.
There wont be a rollback. The hard fork will only affect the DAO, nothing else will be changed.
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July 07, 2016, 12:29:28 PM
 #10

I remember getting spam reddit messages about ether.  Did it really get that big?
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July 07, 2016, 01:09:38 PM
 #11

Fantastic article on how ETH will be more valuable after a hard fork.

https://blog.colony.io/why-a-post-hard-fork-ethereum-will-be-more-valuable-abc35bbf6e98#.1prx7jrl9

It's a gud time to buy more ETH.

dwgscale11
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July 07, 2016, 01:40:02 PM
 #12

Fantastic article on how ETH will be more valuable after a hard fork.

https://blog.colony.io/why-a-post-hard-fork-ethereum-will-be-more-valuable-abc35bbf6e98#.1prx7jrl9

It's a gud time to buy more ETH.

This guy is heavily invested in Ethereum, being co-founders for projects directly related and all.  Of course he is trying to save eth with a well written scammy article.

The hard fork is death.
SmirkinPepe
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July 07, 2016, 01:41:50 PM
 #13

It's not dead yet but it's quite a mess
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July 07, 2016, 02:37:22 PM
 #14

It's not dead yet but it's quite a mess
Maybe it's time someone started a website tracking the number of times ETH has been declared dead. If it's gud enough for Bitcoin it's gud enough for Ethereum.

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July 07, 2016, 05:31:55 PM
 #15

@ProfessionalGoogler

WAT?

no. no soup for you. next!

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The Sceptical Chymist
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July 07, 2016, 11:12:42 PM
 #16

I lolled at that Tesla example of unintended consequences.   I like how you shoehorned it in here.  Not laughing at the man's death, you understand.

Eth isn't dead yet, that's a fact.  Yet.  But for all I've read about it,  I still can't wrap my head around what it's good for other than pumping and dumping.   And maybe that's all it's good for,  just like all the other shitcoins that are destined for the crypto graveyard.

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July 08, 2016, 12:24:13 AM
 #17

I lolled at that Tesla example of unintended consequences.   I like how you shoehorned it in here.  Not laughing at the man's death, you understand.

Eth isn't dead yet, that's a fact.  Yet.  But for all I've read about it,  I still can't wrap my head around what it's good for other than pumping and dumping.   And maybe that's all it's good for,  just like all the other shitcoins that are destined for the crypto graveyard.

It's really good for making shittokens.  You can also program a really simple DAPP or smart contract with it. Just make sure that if you use the call functions, only use one. If you get too fancy with the smart contract, you may end up losing your investor's bags.
ProfessionalGoogler (OP)
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July 08, 2016, 06:27:09 AM
 #18

Can someone explain briefly what happened to ETH lately ? Thx

Yeah.

Fork should calm down investors and future investors that will just mean that ETH is under control of lead devs

But a fork is both good and bad. The good is investors get their ETH back, but the bad is the stigma it has for being the blockchain that rolled back transactions.

A vote is going out later on this weekend for a hard fork that will sort everything. The bug in the code has been sorted. Bugs can happen.

Look at "fork" as an update or correction by the original Ethereum developers and then released - but of course can be rejected by the currency exchanges and/or community.

That is how it works plain and simple. Nothing is wrong - things are being corrected as they should be when developing and using new technology.

Here is a great example:

Any fork is BAD.  Eth is very close to being dead.  Scam

https://www.youtube.com/watch?v=1ytCEuuW2_A


The has already cost millions of dollars in financial loses to investors.


Why would anybody in their right mind listen/believe the integrity of whatever nonsense Eth devs have to say?

It isn't safe, and there's lots of interesting cryptocurrencies projects going on, Eth doesnt deserve any special attention.  

These types of people tend to favor Bitcoin more which is fine but they don't appear to understand the differences.

Attempts to sue any Ethereum devloper by the guy who discovered and exploited the bug would be useless.

If an ATM machine gives you 10x more cash -- you report it - not take it  because "well it gave me that much!".

This is actually how the real world works, and indeed technology is still ruled by humans.

Imagine that?  Roll Eyes
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