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Author Topic: Geth bug cuts in half Ethereum's hashrate  (Read 5050 times)
greenuser
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September 19, 2016, 08:53:14 AM
 #21

OK, so Ethereum put a "time bomb" in the origial chain so that it would make mining harder early next year. This was to "persuade" miners to stop mining and move people to PoS.

So maybe, EF put a bug in "geth".  To  "persuade" people to use "Parity" as their node.
Remember, this is the same "geth" that gave you the option to type
Code:
--oppose-dao-fork

I believe, and correct me if i am wrong, Ethereum classic have released their own "geth" and also have an even newer one on pre release test
https://github.com/ethereumproject/go-ethereum/releases

EDIT: https://www.reddit.com/r/EthereumClassic/comments/53fa3c/what_we_know_about_the_eth_geth_attack_other/

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September 19, 2016, 09:53:16 AM
 #22

ETC is shilbert, guo's and few others playtoy. They are trying to make money out of it, it's capital is what it is because it bears the same name as ethereum. At this point expanse or any other smart contract platform clone of ethereum beats ETC simply because they have a developing team and a roadmap. Most likely any "developing team" etc may have in the future may give up because they'll have to hardfork either to remove the time bomb, or to further copy ethereum foundation's next major updates. How could they possibly copy those who they "despise and hate " ?
They dont have a real community, it is way too small to be called community, if 2-3 mining whales are leaving the hashrate can drop 90-95% or more.
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September 19, 2016, 10:00:27 AM
 #23

I'm pretty sure that this mining1 guy is either schizophrenic or he's Minecache's relative. Both are the same ETH shills, except (I'll give him some credit) that mining1 has a few arguments.

Other than that... brainwashed trolls.

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September 19, 2016, 10:07:01 AM
 #24

I wouldnt really put that picture as a profile pic. Aside from the horrible haircut judging by your head you seem like you're 1.60-1.65 and 50-55kg.
And ontopic, ofc i have arguments, dollface, i always do. You're just a troll. What makes me an eth shill ? The technology is real, the interest from big corporations is real, it works, it just needs better dapps deployed on it, with some really cool in alpha stages. Where am i wrong ?
And yeah, i know it's not perfect and has bugs, we all know that. Nothing in this world is perfect. It wouldn't be 13$ but 500$ if it was perfect and with 0 bugs, unexploitable, perfectly decentralized, but that's just a dream. All they can do is trying to come as close as they can to that ideal.
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September 19, 2016, 10:18:07 AM
 #25

I wouldnt really put that picture as a profile pic. Aside from the horrible haircut judging by your head you seem like you're 1.60-1.65 and 50-55kg.

Do you think I can do that if I was 1.60 - 1.65?






And ontopic, ofc i have arguments, dollface, i always do. You're just a troll. What makes me an eth shill ? The technology is real, the interest from big corporations is real, it works, it just needs better dapps deployed on it, with some really cool in alpha stages. Where am i wrong ?
And yeah, i know it's not perfect and has bugs, we all know that. Nothing in this world is perfect. It wouldn't be 13$ but 500$ if it was perfect and with 0 bugs, unexploitable, perfectly decentralized, but that's just a dream. All they can do is trying to come as close as they can to that ideal.

Your arguments would be valid when you start to really think. The EF bailed out with the DAO which crashed billions of $ in a matter of days. I'm not saying that they must be perfect, BUT they are the ones who admitted that they released the code too early. What was the reason (other to get some money... fast)?! You don't do that to people who funded you with 100s of millions.

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September 19, 2016, 10:26:37 AM
 #26

I wouldnt really put that picture as a profile pic. Aside from the horrible haircut judging by your head you seem like you're 1.60-1.65 and 50-55kg.
And ontopic, ofc i have arguments, dollface, i always do. You're just a troll. What makes me an eth shill ? The technology is real, the interest from big corporations is real, it works, it just needs better dapps deployed on it, with some really cool in alpha stages. Where am i wrong ?
And yeah, i know it's not perfect and has bugs, we all know that. Nothing in this world is perfect. It wouldn't be 13$ but 500$ if it was perfect and with 0 bugs, unexploitable, perfectly decentralized, but that's just a dream. All they can do is trying to come as close as they can to that ideal.

You have no taste mining1 i think spartak_t looks kinda cute (lol, too young for me though), and remember Bruce Lee was those body sizes you mention, maybe you feel over confident behind a keyboard,... spartak foodball team a have a proper reputation you know.  Wink

Yes we know it's not perfect that's why we want to discuss and dissect so we can learn. Ethereum is good testnet for other Ethehash based coins.

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September 19, 2016, 10:35:04 AM
 #27


You have no taste mining1 i think spartak_t looks kinda cute (lol, too young for me though)

Here's the full picture in case someone wants to nominate me for a ugly/beauty contest:




I'm actually 1.86 and my weight is 80 kg. (I felt it was important to know....). I'm not Bruce Lee, but I always stand behind what I've said. No matter if its stupid or not. That's the difference between me and this guy. If Trump fucks me in the ass in front of 1 million people I will come here and say "Yes, that was me... shit happens.", but this guy is just going to register another nickname and will come back to make himself look like a "Forum Rambo".

Tired of these... really.

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September 19, 2016, 10:54:37 AM
 #28

Lol, that haircut is horrible. Makes you look like a redneck these 2 lines on the left of the picture, don't know what to call them, they make you look mentally challenged and i really don't mean to offend ( you probably don't believe me), but it's just personal taste, i despise such haircuts, but to the point.
The hardfork didn't crash ether price, it actually increased it. Remember after the exploit the price dropped to 7$ and was moving between 7 and 10$ ? At that point  community / foundation were taking into consideration options, and mostly, soft fork. After the hardfork was decided price soared to ~12$ range, and at some point it was around 14.5$ after the hardfork, untill ETC manipulation started and dropped again.
Guo and few others took a big bet and tried one of the biggest manipulation in crypto sphere, ofcourse they didn't lose any money because they made that bet with free ETC tokens (eth holder= etc holder), so they figured out ETC means free money.
And if you call that a "bailout" then you don't understand basics, no money was given to save dao investors. And if you bring price drop as an argument, then that's a very bad one, price dropped as an effect of panic sell and speculation, not because of the "bailout " as you call it.
And as a personal opinion, i was a very small investor in dao, just 100$ ( at that point i didn't believe profit prospects were high ) but i thought letting the hacker / exploiter go away with the money would have done much more harm than the hardfork where "immutability" wasn't even touched. Not like immutability is a thing, because every blockchain is immutable untill it is mutable, but because no transaction was rolled back, the hacker didn't have the money in the first place, only DAO was affected as a result of an unanimous decision to HF. Tell me you agree with what i said, it's common sense, not jibberish, shill, fud or whatever trolls call it.
And the fact that it is probably the most decentralized project out there, it is a big thing. Remember, biggest miner in china (therefore in the world, most likely) only has 100GH, and the network has ~5th, well that's just 2% of network hashrate.
P.S : i wouldn't put a picture of myself on a random forum, nor give private information. But that's just me.
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September 19, 2016, 11:02:52 AM
 #29

Lol, that haircut is horrible. Makes you look like a redneck these 2 lines on the left of the picture, don't know what to call them, they make you look mentally challenged and i really don't mean to offend ( you probably don't believe me), but it's just personal taste, i despise such haircuts, but to the point.

Why is my haircut is so important? PLEASE tell me you are a woman, otherwise I'll have some third thoughts (2nd one is that you are a ETH shill, but that's obvious).

 
And if you call that a "bailout" then you don't understand basics

Would you like me to take a picture of my broker's certificate and my diploma? Because I can do that too.

I'll skip the rest, because you keep editing your comments afterwards. At least when you are trying to say something, say it. I'll just ask you to take a closer look what happened with Bitcoin and others between 17 and 23 June. Then you can come back and "argue" about the losses.

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September 19, 2016, 11:07:43 AM
 #30

No financial support was given to the DAO, they were just helped and gave back what was theirs https://en.wikipedia.org/wiki/Bailout . Sorry but you're wrong and you know it, don't know why you're pushing that argument. Bailout is what happened with big banks when they ran out of money, they were given free money / debts erased, and from where ? Contributors money. Now, where did the dao bailout money came from ? They "bailout" themselves ? Wtf dude, really..
Edit: imagine a bank system fail and every account going to 0. If the system is fixed and you get back what is yours, does that mean it is a bailout ?
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September 19, 2016, 11:14:26 AM
 #31

Edit: imagine a bank system fail and every account going to 0. If the system is fixed and you get back what is yours, does that mean it is a bailout ?

Imagine that you promise a decentralized system, you get funded, you failed and you are  changing the rules. Your bank example doesn't mean shit, because you have clearly no idea on what you are talking about. That would be my last comment to you, Brad Pitt of Economics (with a GREAT haircut).

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September 19, 2016, 11:17:24 AM
 #32

Ethereum is clearly the speculators' coin.
Nobody cares how buggy it it, nobody cares if anybody is mining or using the coin.
Some mined it and got rich, some are buying in a hope to get rich - maybe they will, maybe not.
But Ethereum has the Microsoft name tied somehow to it and for many that's all that matters.

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mining1
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September 19, 2016, 11:19:47 AM
 #33

Ok i got it why you have that haircut. Your logic is of a 10 years old. You hate them because over the last year of development, everything went perfectly except for the dao which wasn't even their own project.
Unhappy because they promised a decentralized system ? I'll quote myself for you dollface
And the fact that it is probably the most decentralized project out there, it is a big thing.Remember, biggest miner in china (therefore in the world, most likely) only has 100GH, and the network has ~5th, well that's just 2% of network hashrate.
So you see, any given miner only controls anywhere between 0 and approximately 2% of the network hashrate. They've given what they promised and more, considering BTC is considered decentralized and 4-5 people control 90%.
I'm not even smart ( i consider myself average ) and i've beaten you in arguments so badly. So you're either not as "smart" as i am, or ill intended / troll / fudder.
I'd cry if i were you, spartak, the big spartan with funny haircut and a mugshot of himself, beaten in arguments by a random shill.
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September 19, 2016, 11:25:34 AM
 #34

Also, your passive aggressive FUD is so easy to spot on, don't play the innocent bimbo, it is too obvious and it is so easy to see where you're fudding and where you're honest, even tho you try to be "impartial" and not a fudder nor shill. Every so often you post fud/shill"news" and whatnot and be like " i just found this, what you guys think, seems legit ".
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September 19, 2016, 11:34:26 AM
 #35

I'm not smart either, but then again... https://bitcointalk.org/index.php?topic=1504662.0 (8 days before the "attack"). You've beaten me with arguments? What were your arguments? (PLEASE, don't answer).

Now fuck off.

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September 19, 2016, 11:40:45 AM
 #36

Wow you're so smart and such a prophet. I'll tell you a secret: many more dapps will fail, very few will actually work perfectly as intended. Does that make me a prophet or means i'm a genius ? No, it's common sense, programming is never perfect in the first try, especially when there's something new built. I'll tell you another secret, write this one down : Ethereum may totally fail, pos may not work as well as intended, scalability may be limited, projects may get exploited / hacked and so on. So what ? No one guarantees anything in this world, i am not a naive one. But i do believe atm technological and therefore profit potential beats the risk dramatically, and that's why there are alot of losers criticising every single action ethereum foundation is taking, developing and the dapps themselves.
You're one of the idiots that expect ethereum to find cancer cure, develop time travelling, finding aliens etc. Because that's something major in your head.
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September 19, 2016, 11:48:14 AM
 #37

Mods this thread can now be locked down as it's a duplicate of this one:

https://bitcointalk.org/index.php?topic=1620666.0

Thank you.

Minecache, you can suck my balls, because you are not aware of the consequences caused by the Geth bug. But I can't explain that to you, even If I do my best. 

Fuck you.

i laughed, thought i was the only one, good to see others are greatly annoyed by mindecrash

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September 19, 2016, 11:53:24 AM
 #38

Wow you're so smart and such a prophet. I'll tell you a secret: many more dapps will fail, very few will actually work perfectly as intended. Does that make me a prophet or means i'm a genius ? No, it's common sense, programming is never perfect in the first try, especially when there's something new built.

Then, setting up a system of smart contracts, with *unstoppable code* looks like, eh, a very, very stupid idea, no ?  But if it is normal that "many more dapps will fail" and that this is in the nature of a dapp, and hence is part of the risk assumed when "investing" in a DAPP, why the hell did ETC fork into ETH over this ?

Because if it is in the nature for unstoppable dapps to fail and hence benefit those that exploit those failures, why didn't the DAO holders undergo the price of their risk, and why didn't the DAO hacker get its well-earned reward ?  And more: will ETH now fork over every failing DAPP, or did the DAO users get an unfair privilege that will be denied to the many other losers of failing dapps that you announce ?

Wasn't ripping the DAO hacker of his earned money, to reward the investors in risky things that turned out sour, not a HUGE form of not only injustice, but also of moral hazard ?

Because if ETC hadn't forked into ETH, and the DAO holders were left totally stripped of their money, wouldn't that have reflected much better the reality you announce above that "still many more dapps will fail, and very few will actually work perfectly as intended", and as such have been the HONEST market signal, rather than covering up the books and pretending that all this never happened, which is what the fork was all about ?

How honest is covering up a failure in the market ?
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September 19, 2016, 11:55:24 AM
 #39

But i do believe atm technological and therefore profit potential beats the risk dramatically, and that's why there are alot of losers criticising every single action ethereum foundation is taking, developing and the dapps themselves.
You're one of the idiots that expect ethereum to find cancer cure, develop time travelling, finding aliens etc. Because that's something major in your head.

1. We are critical because at 1 Billion you need to be pro ... so far things look very sloppy ... but the Eth council wants a $1billion sandbox?

2. Cuz ETH is Evil Corp (founded & funded) it is the Ecoin Wink  

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mining1
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September 19, 2016, 12:03:13 PM
 #40

1bil cap is nothing, btc has 10 simply because " i was first " and not only what it does can be done better by 1000 different cryptos, but it is slow, bloated and there's no further development, they cannot agree on anything and nothing is done, for years now, not to mention highly centralized in china "thanks" to asics. After 2-3 more "halvings" in the years to come, bitcoin will permanently die because it won't be adopted as a currency and because of limited adoption no fools will pay 2-5k $ for one bitcoin, therefore pumps will have much lower effect than they have today, therefore mining won't be any profitable and there's goin to be a downward spiral. But that's not in the near future and i don't see bitcoin developers and community agreeing on something very soon. And even if they agree, a 1% minority with a "classic" chain can ruin bitcoin's price / value when they'll have to hardfork. And that's why it doesn't happen, mining giants can't take that risk, so it wills tay alive for years to come, heading towards an almost unavoidable death.
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