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Author Topic: Geth bug cuts in half Ethereum's hashrate  (Read 5050 times)
noormcs5
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September 21, 2016, 03:18:32 PM
 #101

With Bitcoin, there is the daemon/client and a GUI.  The wallet GUI is nothing more than a program pushing commands to the daemon. Someone wants to start programming or creating side chains or assets and they immediately hit a wall of nearly impossible learning depending on their initial knowledge base. 

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September 22, 2016, 05:04:00 AM
 #102



Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc.
3. Augur / gnosis
4. Colony
5. EtherEx
6. That FlightDelay dapp
7. Oraclize
8. Golem
9. SingularTV
10. Dinar dirham
11. Embark
12. Ownage
13. Sphere
I can't remember every single one of them since i haven't even checked all of them, they are too many. It's hard to say which one will become a multi million dollar company, but let's be logical, reality check: there are and were probably thousands of useful company that didn't make much profit but were bought for millions / billions for their concept / ideeas. There are and were thousands of companies that didn't make much profit even tho they were / are usefull. So being a multi million $ / € it's not the only proof of being useful or needed. Thing is, there are easily atleast 50 projects that are either in alpha stages, developing or already deployed that can become multi million dollar projects. Keep in mind that they can become multi million projects mostly and not companies, since many won't be lead like the usual corps. Like digix for example, an easy example of multi million $ project. Also akasha will become a multi million $ project. And many others. How succesful will they be in the future ? That depends alot on their developers, not on ethereum foundation.
Let's not compare ethereum's platform succes with the success of it's dapps, it mostly ( 99.9999% ) depends on the capability of their developers, since ideeas / concepts are really good.
Now, expecting a facebook takeover or something similar is simply delusional, atleast on short and medium term. FB is a cult atm, it's not about just being as good as facebook it's also about being as popular as facebook, and it's popularity cannot be contested for now. But that will slowly fade, with latest facebook practices like this https://www.theguardian.com/technology/2016/sep/08/facebook-mark-zuckerberg-napalm-girl-photo-vietnam-war and this http://betanews.com/2016/06/11/facebook-moments-delete-photos/ . And ofcourse, many other annoying and dictatorship practices.

Until it is proven that they are really useful in practice then all you said and mentioned are nothing but hype at present. You can always say anything selling dreams and fantasies and snake oil but what good did all that brought to the world except false hopes and disappointment. Those developers behind each of those projects and dapps should be careful because they would become scammers in the cryptosphere of what they create is not proven practical. I would imagine most of those projects collect money from the community thru ICO. So that makes the community to have all the right to judge them as scammers or not.

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September 22, 2016, 05:45:40 AM
 #103


Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc......

When did China and Russia become 3rd world regimes?  Maybe you should add America to the list for its police state? They love to execute there citizens in the street and post it all up on social media over there in the US... not forgetting that it is also a corrupt crony capitalist dictatorship.  Are you one of these deluded exceptionalists that think they are better than others?

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September 22, 2016, 06:25:30 AM
 #104


Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc......

When did China and Russia become 3rd world regimes?  Maybe you should add America to the list for its police state? They love to execute there citizens in the street and post it all up on social media over there in the US... not forgetting that it is also a corrupt crony capitalist dictatorship.  Are you one of these deluded exceptionalists that think they are better than others?

Fuck, I am Bulgarian and this classification puts me in the evolution stages somewhere between amoeba and diplococci.

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September 22, 2016, 07:16:10 AM
 #105


Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc......

When did China and Russia become 3rd world regimes?  Maybe you should add America to the list for its police state? They love to execute there citizens in the street and post it all up on social media over there in the US... not forgetting that it is also a corrupt crony capitalist dictatorship.  Are you one of these deluded exceptionalists that think they are better than others?

I am not trying to defending him, but I guess what he meant is the level of censorship in those countries

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September 22, 2016, 07:45:13 AM
 #106


Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc......

When did China and Russia become 3rd world regimes?  Maybe you should add America to the list for its police state? They love to execute there citizens in the street and post it all up on social media over there in the US... not forgetting that it is also a corrupt crony capitalist dictatorship.  Are you one of these deluded exceptionalists that think they are better than others?

I am not trying to defending him, but I guess what he meant is the level of censorship in those countries

And what is the level of censorship in the USA? Pretty much the same (if not higher), but in a hypocrite way. Same goes for your country, mine... the entire world is censored. People who are using the "3rd world countries" wording are often thinking that people which lives in these countries are considered less humans. This is their hypocrite way to say "Hey, I'm free to do whatever I want, unlike these people". Yeah, right... 

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September 22, 2016, 10:25:43 AM
 #107


Honestly i haven't checked it myself every and each of these projects but from what i've checked:
1. Digix offers something the world needs, easy way to buy gold.
2. Akasha, decentralized social media, we've all seen that censoring is really bad, especially in countries with 3rd world regime and mentality, like russia, china, every other dictatorship, etc......

When did China and Russia become 3rd world regimes?  Maybe you should add America to the list for its police state? They love to execute there citizens in the street and post it all up on social media over there in the US... not forgetting that it is also a corrupt crony capitalist dictatorship.  Are you one of these deluded exceptionalists that think they are better than others?

I am not trying to defending him, but I guess what he meant is the level of censorship in those countries

And what is the level of censorship in the USA? Pretty much the same (if not higher), but in a hypocrite way. Same goes for your country, mine... the entire world is censored. People who are using the "3rd world countries" wording are often thinking that people which lives in these countries are considered less humans. This is their hypocrite way to say "Hey, I'm free to do whatever I want, unlike these people". Yeah, right...  

Yeah.. the whole idea of crypto is to offer somthing different in the way of world payments, to decenteralise money control and to dump the dollar as a world reserve currency. And the first thing Ethereum do is get in bed with 45 banks in the R3 Consortium where the Federal Reserve is at the center of the network. 
It would explain why the price went up only an hour or so after a bug was found in geth
I'm so glad Ethereum Classic have an anonymous Russian white hat hacker in their dev team writing geth software.

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September 22, 2016, 10:41:28 AM
 #108

And the first thing Ethereum do is get in bed with 45 banks in the R3 Consortium where the Federal Reserve is at the center of the network. 

My own words: https://twitter.com/FAILCommunity/status/778160843884269568

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September 22, 2016, 12:37:26 PM
 #109

And the first thing Ethereum do is get in bed with 45 banks in the R3 Consortium where the Federal Reserve is at the center of the network.  

My own words: https://twitter.com/FAILCommunity/status/778160843884269568

Yes, it's so the banking establishment have a safety net when fiat fails.  Negative interest rates are on there way so it will soon cost money to keep assets in the bank.
Remember what happened in Greece?  The Government confiscated 60% of everyone's money and gave it to Germany. Then the state restricted ATM withdraws to 60 euros per day regardless of how much money you had in your bank account.  Greece government should have done an Iceland and defaulted on their payments.  Anyhow, many in Greece moved over to Bitcoin.  

Now that the Banks have Ethereum, it will be easy for the state to confiscate peoples crypto too.

Time to be a Hitar Petar and choose anything other than Ethereum  Wink


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September 22, 2016, 12:54:07 PM
 #110

Time to be a Hitar Petar and choose anything other than Ethereum  Wink

Hahaha! Хитър Петър! Smiley Time to ride the donkey and be careless:


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September 22, 2016, 01:30:58 PM
 #111


Sit and watch the fools chase their tail.  



When i make my riches in crypto (when?) I will live in a world were I am not looking for a charge socket for my electric car, ho no, i will be picking my strawberries to feed my driverless donkey. lol  Maybe, a nice farm on the outskirts of Varna?  Wink


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September 22, 2016, 01:41:37 PM
 #112

Maybe, a nice farm on the outskirts of Varna?  Wink

Nah. I would recommend you my hometown Razlog (Разлог). You can google it. Smiley


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September 22, 2016, 01:54:34 PM
 #113

I have always lived by the coast in the south-west of UK and like to SCUBA dive.  
Plus, i cannot fly or drive in the mountains after diving in the blak sea without risk of a bend. Cheesy
It looks nice though.  I will look you up when i come over.  Can you help me with legal documents?

I think we are off topic now, while we laugh with each other it looks like the markes have responded to the bug in "geth"
0.02133 at time of posting.

Edit 3min later:  Now 0.02089   Shocked

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September 22, 2016, 02:00:38 PM
 #114

Can you help me with legal documents?

Write me PM and I can help with what I can. But btw, there is a high chance for me to relocate in the UK in the next 2-3 weeks. Grin

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September 22, 2016, 02:11:55 PM
 #115

Can you help me with legal documents?

Write me PM and I can help with what I can. But btw, there is a high chance for me to relocate in the UK in the next 2-3 weeks. Grin
Understanding property documents writen in Bulgarian is not easy for me.
You think things will be better here? OK, No prob.
You have work here, a place to stay?
This is not the place to talk.
I will PM you later when i have more time, I am doing many things at once ATM.

 

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September 22, 2016, 02:20:36 PM
 #116

Looks like Ethereum have the bug again,  network hashrate just droped from ~5000GH/s down to 2775.7 GH/s
http://fork.ethstats.net/

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September 22, 2016, 03:17:14 PM
 #117

Looks like Ethereum have the bug again,  network hashrate just droped from ~5000GH/s down to 2775.7 GH/s
http://fork.ethstats.net/

They can't go straight into assets without first learning BTC and the basics.  But, they can start Googling and end up with ETH and Geth.  First blush it looks a lot easier and like something they can handle, but before too long they have created an asset that only exists on their computer or is completely wrong, maybe a hanging TX

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September 22, 2016, 04:27:27 PM
 #118

https://www.reddit.com/r/ethereum/comments/53zahk/urgent_all_miners_please_read_ethereum_under/

they forgot to put "attack" at the end o the URL

 "The real solution is to change the gas costs, but that requires a hard fork"

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September 24, 2016, 01:18:38 PM
 #119

https://www.reddit.com/r/ethereum/comments/53zahk/urgent_all_miners_please_read_ethereum_under/

they forgot to put "attack" at the end o the URL

 "The real solution is to change the gas costs, but that requires a hard fork"

How many half created assets are on the ETH chain?  They have a name, description and other data, but once the user tried to create it they realized it required payment in ETH.

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October 02, 2016, 06:37:32 AM
 #120

Most smart little cookies can push it through without a ETH fee though and then it sits there and haunts the chain forever, as the person gives up and moves on. 

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