[ANN] [ETC] Ethereum Classic: Immutable Smart Contracts

[greenuser]

RE: BOMB It will be discussed tonight but its up to the community.  
Eth have it set so that by the time January 2017 comes, mining will no longer be profitable., EVER again.  This is not the route etc wants to go.

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[Sontoloyo]

Do i understand this well, and nobodies knows for 100% how this work? Just for know, why would you hold a old version from ethereum? This version was sick, ill, not worth it anymore. That's why the hard fork...

Good luck to this anyway, but remember, 99% from the people move to the new release/fork.

[paulc010]

Do i understand this well, and nobodies knows for 100% how this work? Just for know, why would you hold a old version from ethereum? This version was sick, ill, not worth it anymore. That's why the hard fork...

Good luck to this anyway, but remember, 99% from the people move to the new release/fork.

You have been woefully mislead I'm afraid. There is absolutely no change in the basic functionality between ETC and ETH since the hard fork WAS ONLY a quick fix to recover coins. Your 99% assessment is also wrong. Read up a little, do some research. You will be surprised at what you can find out.

[greenuser]

Moreover: due to the lower price of ETC, it is cheaper to use and uses less gas to transact with the immutable chain using smart contracts. As opposed to transactions on the forked Chain anyhow.
So we out compete on price and on immutabilty

[greenuser]

Do i understand this well, and nobodies knows for 100% how this work? Just for know, why would you hold a old version from ethereum? This version was sick, ill, not worth it anymore. That's why the hard fork...

Good luck to this anyway, but remember, 99% from the people move to the new release/fork

It is not old, it is updated and well maintained with relay protection. Look!

[greenuser]

ETC roadmap

https://steemit.com/ethereum/@charleshosk/thoughts-on-an-ethereum-classic-roadmap

Charles writes....

Rather, I'd love to see a gradual transition towards a hybrid scheme with two purposes. First, I'd love to see a useful proof of work algorithm with a strong connection to the DApp model in general (and yes that also means getting rid of the difficulty bomb).  Second, I'd love to see ether holders be able to use their stake to make meaningful decisions about the future of the platform.

There is a formalized blending proposed by several VCU researchers that I believe can be used as a foundation towards this effort. With respect to usefulness of the PoW side, proposals like Permacoin and Spacemint have merit as they start a conversation about decentralized storage in the context of consensus (Elaine Shi has also extended it a bit with dynamic proof of retrievability). DApps should grow in complexity and storage requirements thus to promote the construction of a decentralized database concurrently with the security of the network is a novel solution.

IOHK is preparing to publish a paper inspired by Permacoin called Rollerchains that could be a nice stepping stone for the system. Somewhat ironically, we are also preparing to publish a provably secure proof of stake algorithm next week. I suppose this demonstrates our agnosticism towards consensus algorithms.  -end quote

   What Charles is speaking of here in this Proof of Space, Proof of Capacity, HHD hard drive mining idea as a type of algo as part of the current Proof of Work.  It would also be clowd space for your smart phone DApps.
Like i wrote about on page 169 here: https://bitcointalk.org/index.php?topic=1559630.3360

Charles bless, you do over intellectualise everything so!

[bitpop]

ETC will dominate smartphone dapps, it's where the future is

[greenuser]

We could have the first Mining Dapps for phones, from the bloke that owns the company that has lead the field of research in this area.  Think of the take-up in the underdeveloped world. Its a good job Charles comes for free, we could never afford this development milestone otherwise.  He gets to test his Theories with a live network.

Think of the demand for 64GB and 128GB phone memory cards!

[whenbuyhouse]

We could have the first Mining Dapps for phones, from the bloke that owns the company that has lead the field of research in this area.  Think of the take-up in the underdeveloped world. Its a good job Charles comes for free, we could never afford this development milestone otherwise.  He gets to test his Theories with a live network.

Think of the demand for 64GB and 128GB phone memory cards!

For phone? I think it is not good for the phone, because it will be very hot, lol, like PC. And power of battery is much lower than PC, have to keep charging.

[greenuser]

We could have the first Mining Dapps for phones, from the bloke that owns the company that has lead the field of research in this area.  Think of the take-up in the underdeveloped world. Its a good job Charles comes for free, we could never afford this development milestone otherwise.  He gets to test his Theories with a live network.

Think of the demand for 64GB and 128GB phone memory cards!

For phone? I think it is not good for the phone, because it will be very hot, lol, like PC. And power of battery is much lower than PC, have to keep charging.

Maybe just mine when you charge your phone so to help pay the electricity for charging.  A smart contract could settle the bill with whoever you got the charge-up from.  Maybe shops, cafe, Library, Post office or any public building in developing countries could offer charging.  Moreover, a network of desktop harddrive mining rigs would supply the phones with an immutable decentralised cloud space for storage and dapps.  If you already mine ETC with GPU, just add HHDs and software and your HHD mining and earning ETC.

[greenuser]

Also, if you had no access to banking but wanted a dapp that was not open source, you could pay for the dapp by leaving your phone mining for 6hours or so while charging it with a small solar panel.  

[malekbaba]

Price is going to hell... I am scared

[greenuser]

Price is going to hell... I am scared

Don't be scared.  But don't trade on emotion either.  It will come back.  Maybe not today.  Maybe it is a good time to buy?  
If it goes to 0.0001 i will still mine it and so will many others.  Chines and Russians love it,  as do the Koreans, as do the British.  
It will not go away.  It has too much research potential.

[roselee]

unDEVCON is an open to ANYONE to talk, nd present and, most importantly, a reason to celebrate and throw a birthday party for ΞThereum Classic relaunch. http://www.undevcon2.com/

Anyone can speak?  Fees?  Cheaper than Devcon?

@Mrpumperitis the London Live Stream Conference tonight?  Yep, links to follow.
Enjoy the low ETC prices while they last people, Conference tonight, One month old Celebration_BuyFest Party tomorrow.

green can you post the link to the live tream conference tonight ?
thank you so much

[roselee]

Price is going to hell... I am scared

Don't be scared.  But don't trade on emotion either.  It will come back.  Maybe not today.  Maybe it is a good time to buy?  
If it goes to 0.0001 i will still mine it and so will many others.  Chines and Russians love it,  as do the Koreans, as do the British.  
It will not go away.  It has too much research potential.

i am not scared

what i did in crypto
i use only money i dont need and dont miss.
a holiday i didnt have time to do and so on
i use then this money to invest
i always buy if prices go down
some say its better if you buy after it found its boton
but i buy even if its still going down
did so with bitcoin and made profit
if i lose it ok. but so far all went well even with ethereum i made my profit

but just what i do

[greenuser]

unDEVCON is an open to ANYONE to talk, nd present and, most importantly, a reason to celebrate and throw a birthday party for ΞThereum Classic relaunch. http://www.undevcon2.com/

Anyone can speak?  Fees?  Cheaper than Devcon?

@Mrpumperitis the London Live Stream Conference tonight?  Yep, links to follow.
Enjoy the low ETC prices while they last people, Conference tonight, One month old Celebration_BuyFest Party tomorrow.

green can you post the link to the live tream conference tonight ?
thank you so much

No problem, it will be here.

You can see for youself here if you wish
http://www.meetup.com/EthereumClassic/events/232902774/?comment_table_id=469163543&comment_table_name=event_comment

[kamidela]

Some news..

http://themerkle.com/samson-mow-hints-at-ethereum-classic-mining-pool-plans/

[ShooterXD]

I love this dumpers.

Filling up my pockets all week.

Haha, thx

[greenuser]

Some news..

http://themerkle.com/samson-mow-hints-at-ethereum-classic-mining-pool-plans/

Yer....  I saw it, I keep reading things like "Without a team of developers, the uphill battle will become very steep in the coming weeks."

The media just do not check their facts do they?  Dev team live and well,  look https://trello.com/etcdev
@kamidela, Trollbox on Poloniex was it?

Get it while it's cheap!

[raphma]

Price is going to hell... I am scared

Don't be scared.  But don't trade on emotion either.  It will come back.  Maybe not today.  Maybe it is a good time to buy?  
If it goes to 0.0001 i will still mine it and so will many others.  Chines and Russians love it,  as do the Koreans, as do the British.  
It will not go away.  It has too much research potential.

yeah, it's even better to mine this way since most of big farms will go back to eth or any other altcoin for a few days. but eventually etc will comeback.