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Author Topic: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts  (Read 821418 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (1 post by 1+ user deleted.)
Signaturan
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October 27, 2016, 07:41:24 AM
 #4901

What is nearest event? Anything in pipeline on community or development level?

Another fork is planned for mid-January that will bring replay attack protection, diff bomb removal and an emission cap.

Will that be too late? I thought the time bomb will happen some time in the next two months. It is better to do it now.
bittamak
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October 27, 2016, 08:26:30 AM
 #4902

Will it be a POW coin for ever? or POS or POW/POS in future?
bitfish
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October 27, 2016, 11:13:36 AM
 #4903

where is the pump ? Huh

Why would there be any? It's not a P&D shitcoin. Only those who understand Ethereum Classic value proposition as a community-backed smart contract platform without a single centralized point of failure should invest in it. Not the moonkids looking for a quick P&D. There is already like a million P&D altcoins specifically for that.

That being said, it doesn't mean there won't be a spectacular ETC price appreciation once people realize its has real value that ETH lost through stupid actions of Ethereum Foundation. But this appreciation doesn't depend on efforts of altcoin pumpers even a bit.

That is right. There could be a big price rise when the whales have accumulate enough ETC in the future.





 Roll Eyes
greenuser
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October 27, 2016, 12:03:17 PM
Last edit: October 27, 2016, 12:15:56 PM by greenuser
 #4904


Has this coin forked yet?
yes and as far as i know was it a success

Cool, attacks? anyone got a node up and running solo mining?

Tumbleweed?

luksbit
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October 27, 2016, 06:44:25 PM
 #4905

etc. died, what a pity Sad
bitpop (OP)
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October 27, 2016, 08:04:01 PM
 #4906

ETC is just getting started and will have major support with POW. Ethf with pos will soon have death rattles. POS is a ponzi scheme

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October 27, 2016, 09:05:52 PM
 #4907

It is just in its natural course. It will survive after its "death".

Raja_MBZ
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October 28, 2016, 12:44:34 AM
 #4908

ETC is just getting started and will have major support with POW. Ethf with pos will soon have death rattles. POS is a ponzi scheme

Right, but don't forget zcash. Miners who are currently mining ETC are definitely preparing to try out zcash. ETC has pretty much potential, but I guess we are not going to see that in at least very near future. Roll Eyes
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October 28, 2016, 01:08:05 PM
 #4909

Ok...good to know that it's not going to have POS implementation...
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October 29, 2016, 02:33:00 AM
 #4910

Price is falling and bitcoin is rising...please let this stop and let us get back in the green days of ETC..
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October 29, 2016, 02:36:52 AM
 #4911

Ethf is dumping much harder

Raja_MBZ
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October 29, 2016, 10:19:40 AM
 #4912

ETC is just getting started and will have major support with POW. Ethf with pos will soon have death rattles. POS is a ponzi scheme

Right, but don't forget zcash. Miners who are currently mining ETC are definitely preparing to try out zcash. ETC has pretty much potential, but I guess we are not going to see that in at least very near future. Roll Eyes

As I told you guys before... zCash badly affected the price of ETC.

I don't see a good rise any soon in ETC. Roll Eyes
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October 31, 2016, 12:46:12 AM
 #4913

https://soundcloud.com/cryptoholics/cryptoholics-ep01
https://www.youtube.com/watch?v=OLsMIf3sUnc

Bill Cassidy Interviews Charles Hoskinson.

Charles gives a brief history about how he got started in the industry. Bill asks him questions about Ethereum, The DAO and the history there which ultimately lead to the creation of Ethereum Classic.

They then go into Governance and Treasury Models, more specifically about DASH's Decentralized Governance by Blockchain. Charles gives his input about some of the faults the system may have.

Charles Gives his take on ZeroCoin technology and tells a story about a sushi dinner with ZCash founder Zooko Wilcox. They finish it off with discussion about the future of cryptocurrencies and what may happen within the next 5-10 years.

Join us at http://www.cryptochat.io to discuss today's episode
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October 31, 2016, 02:27:22 AM
 #4914

Hi everyone,

Just wanted to let you know that now that we have completed the last protocol update, focus has shifted towards other things like development and monetary policy. There is a lot of discussion going on currently in Slack and it would be great if you can join the conversation. I'll post an excerpt from one of the conversations below to spark some discussion possibly.

https://docs.google.com/document/d/1jVM3iN1ClVrDjZ4AcJRAQyn24B1NN6Y5_X5IpLrT9Ss/edit?usp=sharing
bittamak
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October 31, 2016, 05:54:02 AM
 #4915

Hi everyone,

Just wanted to let you know that now that we have completed the last protocol update, focus has shifted towards other things like development and monetary policy. There is a lot of discussion going on currently in Slack and it would be great if you can join the conversation. I'll post an excerpt from one of the conversations below to spark some discussion possibly.

https://docs.google.com/document/d/1jVM3iN1ClVrDjZ4AcJRAQyn24B1NN6Y5_X5IpLrT9Ss/edit?usp=sharing

Are there any other better hybrid models other than using POW & POS?
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October 31, 2016, 03:55:43 PM
 #4916

Hi everyone,

Just wanted to let you know that now that we have completed the last protocol update, focus has shifted towards other things like development and monetary policy. There is a lot of discussion going on currently in Slack and it would be great if you can join the conversation. I'll post an excerpt from one of the conversations below to spark some discussion possibly.

https://docs.google.com/document/d/1jVM3iN1ClVrDjZ4AcJRAQyn24B1NN6Y5_X5IpLrT9Ss/edit?usp=sharing

Great news
Well i think ethereum classic begining has comunity except on slack and other forum, there is forum ethereumclassic.org, unfortunately members of forum are still small amount and still seldom users who make updating on there, personality i have made account on there.
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October 31, 2016, 04:17:29 PM
 #4917

https://medium.com/@yobanjo/ethereum-wont-scale-like-you-ve-been-told-cae445bef539#.r9ft3bdpe


Quote
Ethereum won’t scale like you’ve been told.
If you followed the Ethereum project over the last few years you might be familiar with the great amount of hype that comes with its community and founders. No matter if it’s app developers that claim to have a “Uber killer” or a presentation about “Decentralized Commercial Banking”… big claims are made as only the sky seems to be the limit.

Ethereum founder Vitalik Buterin gave a presentation called “The Mauve Revolution” where he talks about “tens of thousands of transactions per second” for Ethereum. If we dive some further into these claims it all comes down to the following:

Founder of Ethereum Vitalik Buterin claims he has found the ultimate solution to the problem of scalability haunting cryptocurrency networks. That will be made possible with lightning networks and sharding.

The current Bitcoin blockchain is limited to around 7 transactions per second and that number is around 15 for Ethereum. When talking about Ethereum, “transactions” aren’t the only thing that counts. Ethereum is a “decentralized computer” that runs contacts and transactions are only a small part of that. But even when we look at transactions only… the “tens of thousands of transactions per second” don’t add up. This is due to some limitation of “lightning networks”. Great that we have off-blockchain transactions but every coin in a “channel” will end up on the blockchain after all. Let’s say ALICE wants to give some Ether to BOB for a game. Why would they use a lightning network? It would only lock the Ether in some off-blockchain channel where Bob can’t do anything with it except for paying someone else. The same goes for the whole idea of a “decentralized computer” where you need Ether (gas) to run code. So all coins need to end up on the blockchain anyway. But even if we assume that 95% of all transactions take place off-blockchain? Would it match the “tens of thousands of transactions per second” for the system as a whole? The answer is no, let’s see why:

10.000 x 0.05 (5%) = 500 Tps which still take place on the blockchain.

And as we learned from Vitalik himself the current Ethereum implementation is only capable of doing 15 of them. So even with a very popular lightning network the Ethereum ecosystem goes up in smoke quite fast if the transaction volume goes up.

Time to look at the second part of the solution called “Sharding”. This idea comes close to a “multi-core” implementation on regular computer chips. Only in this case we work with a combination of several blockchains (sidechains) and EVMs (Ethereum Virtual Machines). In this article the following claim is made:

After the initial basic sharding (which will result in the implementation of Ethereum 2.0) Ethereum 3.0 will be developed — a blockchain system that will be capable of infinite sharding.

This one goes to eleven? Wrong! This one will have “infinite sharding”! That’s right: with enough EVM’s and sidechains Ethereum is capable of doing almost everything. Although this claim is again far from truth. Vitalik talks about a “main chain” to interact with several sidechains. Think of it like a Merkle tree-structure where the hashes of the lower blocks end up in the highest chain. This is completely different from your average Intel chip where calculations do happen in parallel. This is where the speed-improvement comes from. So can’t we run the EVMs in parallel then? No, this is extremely hard to sync as each sidechain has it’s own miners. 1 chain might have a valid block in 4 seconds while the other one takes up to 65 seconds. Just like the current network with only 1 blockchain:

Time delays will prevent Ethereum from infinite sharding.

And even if we could add 100 sidechains in parallel with a guaranteed blocktime we’re still in trouble with the 10K transactions per second. It means we have 100 Tps per chain (assuming even distribution). That’s far more than the 15 Tps which are possible at Ethereum’s current implementation. And notice that I’m talking about transactions here, not about calculations.

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November 01, 2016, 07:54:56 AM
 #4918

The price is dropping agreed, the speculators too have let, it is time to see fundamentals drive the price up, I was told there are alot of  work being done underground, it now we can proof we care about this project. FUD will not help


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November 01, 2016, 07:56:07 AM
 #4919

silent die???
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November 02, 2016, 07:43:57 AM
 #4920

more anonymity for better fungibility and a limited suply would be more important then switching to pos. at the moment. we are fine with pow. and time isnt ready for pos. enduser phones and pc and tablets arent ready.

for now the coin needs to gain market cap and stabelice trust.
 
limit amount of coins.( investors will like this)

no hf every month. Hf are only done if it pass the rules implemented in code.(exchanges will apriciate that also its a way to make techinqual updates easier)

a new coded wallet. (good for devs and will show them what is hidden in the eth code like the diff bomb for example)

funds for devs.  (% of fees?)

just puting this thought our for dicussion




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