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Author Topic: ETH will have forking soon, PoS and you know where the price shall go :)  (Read 2982 times)
Coffee2015 (OP)
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August 22, 2017, 08:02:12 AM
 #1

ETH Team is just stated that the forking would be at the latest late Sepetember,.... couple days from now and PoS ll be started.
You know where the price will go right?
 Grin

First, increasing anonymity will come with new ‘zk-SNARKs,’ or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past.

Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling.

Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking.

Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.

The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’ 


https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september
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August 22, 2017, 08:20:51 AM
 #2

it's the second fork right if i remember it correctly,
and indeed that topic transition from Proof of Work (POW) to Proof of Stake (POS) really like a raging fire but not yet to be implemented after a years,
will it be like the last time ?
another FUD will coming from nowhere and Price started to decline again,
and after Hard Fork ETH price will slowly recovering and moving upward ?
This statement :
Quote
The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’

when will it be actually ?
in my opinion,it will be huge if they're implemented it and i believe we will see a significant change in ETH price

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Coffee2015 (OP)
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August 22, 2017, 08:58:56 AM
 #3

I dont think FUD will grow
but I expect someone (or many big/trader) would try to sort it,... if we just HODL or pump it then it will be quite interesting.

I dont think there will be FUD,
if I hold (big) miner or node or wallet then I would switch to fork-one,... it is better then current version and it will be ready for industry and mass-adoption,
I dont choose to take FUD excessively.

I mean the point:
- new ETH would be better;
- ready for mass-adoption;
- ETH Devs should tried it and it should be ready for it;
We just have to expect the price to go upward (sooner or later,.... or a bit by a bit or jumping).

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August 22, 2017, 05:30:08 PM
 #4

Why is this a hard fork and not an update? Do you think there will be a split?

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August 22, 2017, 07:32:32 PM
 #5

are we expecting another clone of etherium like bitcoin cash?
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August 23, 2017, 12:47:18 AM
 #6

are we expecting another clone of etherium like bitcoin cash?
It's commonly agreed that once Ethereum will move to Proof of Stake then there will be a Proof of Work fork (sort of an original, actually).

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August 23, 2017, 01:31:07 AM
 #7

BTW, *Ethereum

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August 23, 2017, 02:20:22 AM
 #8

So would Ethereum (pre-fork) be a prudent investment for the rest of the year?
_IRMAN
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August 23, 2017, 02:42:38 AM
 #9

ETH Team is just stated that the forking would be at the latest late Sepetember,.... couple days from now and PoS ll be started.
You know where the price will go right?
 Grin
ok, you mean ETH price will go to the moon, just like BTC fork right ?
I hope that really happened, because i'll hold ETH from now Grin


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August 23, 2017, 02:44:33 AM
 #10

Another fork?

Last time took almost a whole year until price recovered.

 
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August 23, 2017, 03:15:45 AM
 #11

it is possible to see a big pump these days, i dare call it an exit pump for all the miners all the network and those with little mining farms who became whales on this coin. they will hype the news these days and milk it to make their exit on top with a good price.

but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.

and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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August 23, 2017, 05:34:15 AM
 #12

will be ethereum cash ?   Roll Eyes , will see how it fork goes
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August 23, 2017, 05:53:13 AM
 #13

will be ethereum cash ?   Roll Eyes

Ha Ha!
Friends don't let friends do ETH!
[it's a trap]

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VanDeinsberg12
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August 23, 2017, 06:57:37 AM
 #14

will be ethereum cash ?   Roll Eyes , will see how it fork goes
If you are already live in crypto since ethereum was born in the crypto and you already seen ethereum got forked up to 5x but the DAO fork just only the one that gives the fork coin such as ETC to be born.
There are some reason for that. Not every fork will always be issued the new forked coin.

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August 23, 2017, 07:05:36 AM
 #15

it is possible to see a big pump these days, i dare call it an exit pump for all the miners all the network and those with little mining farms who became whales on this coin. they will hype the news these days and milk it to make their exit on top with a good price.

but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.

and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.

Half a year ago people might have believed in your words. But after the BTC fork, where everybody saw what happens during a fork of a well accepted, widespread coin, knows, that your words are nothing more than silly fud to create cheap fears. Yes: We will see a pump. But that will be the cause of greed, because people maybe hoping to get free coins like BCH. For true: the exclude of miners might hit themselves very, very hard. But for the network, it will be a big release! A step in the direction of more decentralization. Who wants to be controlled by greedy miners like BTC is? Noone. Switching to POS means: Every investor (coinholder) can profit. For that the server-farms, which are mining zounds of coins to manipulate the system for their own profits, are out of the game. They will loose. But every coinholder, every user of the ETH platform and the network will win. At the end: This will drive the price and not your fud to protect the manipulators of the system.
After the fork of ETH it will be like after the BTC fork:
A strong rise of the price.
Because at this point, people will comprehend, that fudsters like you told nothing else than shit before the fork, only to dump the price in order to collect cheap coins for profit.

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August 23, 2017, 08:04:14 AM
 #16

will be ethereum cash ?   Roll Eyes , will see how it fork goes
If you are already live in crypto since ethereum was born in the crypto and you already seen ethereum got forked up to 5x but the DAO fork just only the one that gives the fork coin such as ETC to be born.
There are some reason for that. Not every fork will always be issued the new forked coin.

I agree. There's very little chance that the fork will result in a new coin. I don't see any opposition to the fork, or any point to opposing it. This is not like the bitcoin / bitcoin cash split.
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August 23, 2017, 08:29:29 AM
 #17

ETH Team is just stated that the forking would be at the latest late Sepetember,.... couple days from now and PoS ll be started.
You know where the price will go right?
 Grin

First, increasing anonymity will come with new ‘zk-SNARKs,’ or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past.

Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling.

Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking.

Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.

The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’  


https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september
Be like "Saint Thomas" : waiting for the so promising PoS.
It seems that PoS is impossible with ETHEREUM because it a Turing complete system.
This PoS is yet 2 years late now : I'm waiting to see it... and very curious about that :-).

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August 23, 2017, 09:06:35 AM
 #18

Yes ethereum will forking soon..and people will buy it because you will never be able to mine it again. It will goes to pos phase. People will lock their ethereum. Believer will make eth goes up but people which did not like pos coin will dump it and goes to bitcoin again..
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August 23, 2017, 09:26:22 AM
 #19

 Grin interesting news. So people need buy token. and can mine it anymore...... think about it

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August 23, 2017, 06:46:36 PM
 #20

More information about the fork in September:
https://futurism.com/the-ethereum-platform-will-undergo-a-major-upgrade-in-september/

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