[ANN] Ethereum: Welcome to the Beginning

[roselee]

Any hardfork that invalidates transactions destroys reputation and trust. Period. These two concepts are the cornerstone if you are trying to break into the financial big league.

If anther contract has a flaw tomorrow, who plays God that will decide who lives and who dies?

I tend to not agree on the whole " reputation " and " trust " negative shove on things.

ALL I SEE - Is positive turn on things presented in front of us.

They would be cleaning up their " reputation" by stopping a hacker from stealing the communities coins.

They would be also building the " trust " of the community, proving they wont let the bad guys get away with junk like this.

You seem to just be assuming this and that Jc12345.

Not clear and focused thoughts my man.

Cheers,

MasterTrader777

Unfortunately it is not about what you think (or I for that matter) but what the world's businesses, financial systems and markets think.

The world's financial system is built on trust and robustness and reputation is the name of the game. Things that threaten the integrity and stability of the financial system is frowned upon. The system hates uncertainty and will avoid it like the plague. Business wants to know that if a transaction is done and a contract is created, irrespective of if it is a good transaction or a bad, that the "system" cannot be manipulated to change that. A robust financial system will have controls in place to be able to stop a transaction from happening or to block funds before it is too late. If the money is gone though then it is gone, unless there are other ways to recover it through law enforcement or if the hacker can be convinced to pay it back. If a theft in a financial system exposes a flaw, then improve the system going forward to prevent it from re-occurring which is fine. If you get caught with your pants down, take one for the team and the system moves on with integrity, trust and robustness intact.

Even if one argues it is a good thing that people get their money back, it is not the best in the bigger scheme of things. Once mega business sees that the past can be changed, they will lose trust in the system. Remember that a party takes a position based on inforamtion at hand. If they want to take a serious position to the one side they need strong assurances that underlying things will not happen that pushes the outcome to the other side. Otherwise they will just take positions that sits on the fence or move elsewhere.

If eth wants to compete with the mega word financial systems and markets, then the DAO funds is a drop in the ocean. it is not worth it to sacrifice the war to win a battle. I dont think it can be clearer and more focused than that.

totaly agree and id ad
the"can" option that is added right now will also do damage
in the future big biz that is maybe to big to fail ? might ask for a folk too ? what then?

[1714756196]

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[p4r4m0un7]

https://www.youtube.com/watch?v=_O5fdMFKEC0

[BattleField]

Any hardfork that invalidates transactions destroys reputation and trust. Period. These two concepts are the cornerstone if you are trying to break into the financial big league.

If anther contract has a flaw tomorrow, who plays God that will decide who lives and who dies?

I tend to not agree on the whole " reputation " and " trust " negative shove on things.

ALL I SEE - Is positive turn on things presented in front of us.

They would be cleaning up their " reputation" by stopping a hacker from stealing the communities coins.

They would be also building the " trust " of the community, proving they wont let the bad guys get away with junk like this.

You seem to just be assuming this and that Jc12345.

Not clear and focused thoughts my man.

Cheers,

MasterTrader777

Unfortunately it is not about what you think (or I for that matter) but what the world's businesses, financial systems and markets think.

The world's financial system is built on trust and robustness and reputation is the name of the game. Things that threaten the integrity and stability of the financial system is frowned upon. The system hates uncertainty and will avoid it like the plague. Business wants to know that if a transaction is done and a contract is created, irrespective of if it is a good transaction or a bad, that the "system" cannot be manipulated to change that. A robust financial system will have controls in place to be able to stop a transaction from happening or to block funds before it is too late. If the money is gone though then it is gone, unless there are other ways to recover it through law enforcement or if the hacker can be convinced to pay it back. If a theft in a financial system exposes a flaw, then improve the system going forward to prevent it from re-occurring which is fine. If you get caught with your pants down, take one for the team and the system moves on with integrity, trust and robustness intact.

Even if one argues it is a good thing that people get their money back, it is not the best in the bigger scheme of things. Once mega business sees that the past can be changed, they will lose trust in the system. Remember that a party takes a position based on inforamtion at hand. If they want to take a serious position to the one side they need strong assurances that underlying things will not happen that pushes the outcome to the other side. Otherwise they will just take positions that sits on the fence or move elsewhere.

If eth wants to compete with the mega word financial systems and markets, then the DAO funds is a drop in the ocean. it is not worth it to sacrifice the war to win a battle. I dont think it can be clearer and more focused than that.

totaly agree and id ad
the"can" option that is added right now will also do damage
in the future big biz that is maybe to big to fail ? might ask for a folk too ? what then?

The point is that the 4% "stolen" funds can do a lot damage to the Ethereum ecosystem. So it is better to take it away.

[Mrpumperitis]

SEE YA ALL AT DEVCON 2  

http://www.blockchainweek2016.org/index_en.html
book tickets now

THE BIGGEST CRYPTO EVENT OF ALL TIME
THE BIGGEST MEETING OF SMARTEST MINDS FROM EVERY COUNTRY IN THE WORLD
THE BIGGEST FINTECH  MEETING EVER

ALL BROUGHT TO US THANKS TO ETHEREUM

[Mrpumperitis]

hmm might top up on sum ETH now,lol...not waiting for a few percent drop when i know this is gona fly beyond $100+ 1 ETH
im moving my buy walls up too

[Mrpumperitis]

lol all those waiting for $10- ETH, lol keep waiting, if ETH goes anywhere near $10, before/after fork, spork,no fork ...it will be scooped up and never be sold so cheap ever again.

[noobtrader]

its quite amazing that eth still above 10 even with all the fork and fudd,  i guess no more weak hand and it can be pumped like early bitcoin when it first reach 3 digit... 

btw im not saying that eth will reach 3 digit btw 

[roselee]

Any hardfork that invalidates transactions destroys reputation and trust. Period. These two concepts are the cornerstone if you are trying to break into the financial big league.

If anther contract has a flaw tomorrow, who plays God that will decide who lives and who dies?

I tend to not agree on the whole " reputation " and " trust " negative shove on things.

ALL I SEE - Is positive turn on things presented in front of us.

They would be cleaning up their " reputation" by stopping a hacker from stealing the communities coins.

They would be also building the " trust " of the community, proving they wont let the bad guys get away with junk like this.

You seem to just be assuming this and that Jc12345.

Not clear and focused thoughts my man.

Cheers,

MasterTrader777

Unfortunately it is not about what you think (or I for that matter) but what the world's businesses, financial systems and markets think.

The world's financial system is built on trust and robustness and reputation is the name of the game. Things that threaten the integrity and stability of the financial system is frowned upon. The system hates uncertainty and will avoid it like the plague. Business wants to know that if a transaction is done and a contract is created, irrespective of if it is a good transaction or a bad, that the "system" cannot be manipulated to change that. A robust financial system will have controls in place to be able to stop a transaction from happening or to block funds before it is too late. If the money is gone though then it is gone, unless there are other ways to recover it through law enforcement or if the hacker can be convinced to pay it back. If a theft in a financial system exposes a flaw, then improve the system going forward to prevent it from re-occurring which is fine. If you get caught with your pants down, take one for the team and the system moves on with integrity, trust and robustness intact.

Even if one argues it is a good thing that people get their money back, it is not the best in the bigger scheme of things. Once mega business sees that the past can be changed, they will lose trust in the system. Remember that a party takes a position based on inforamtion at hand. If they want to take a serious position to the one side they need strong assurances that underlying things will not happen that pushes the outcome to the other side. Otherwise they will just take positions that sits on the fence or move elsewhere.

If eth wants to compete with the mega word financial systems and markets, then the DAO funds is a drop in the ocean. it is not worth it to sacrifice the war to win a battle. I dont think it can be clearer and more focused than that.

totaly agree and id ad
the"can" option that is added right now will also do damage
in the future big biz that is maybe to big to fail ? might ask for a folk too ? what then?

The point is that the 4% "stolen" funds can do a lot damage to the Ethereum ecosystem. So it is better to take it away.

you are right
its also to consider
what i say is the comunity has to condisder what impact the decition has for the future

[cjmoles]

Are we going to have to build our clients all over again?  I mean, reinstall, resync, and the whole nine yards?  I mean, what should I be doing now to make this whole hardfork thing easier to manage....I really do not enjoy re-synchronizing entire blockchains....this ain't gonna be fun is it?

Bump-Bump!!  Is there anything I should be doing to make this hardfork thingy-madingy any easier to manage?  Should I even be keeping my chain up to date or should I just wait until updated software is available?

[Mrpumperitis]

VENUE

Hyatt on the Bund is a 5 star hotel located on the banks of the Huang Pu River at the northern end of the Bund in Shanghai. The suites and rooms offer spectacular views of the Bund and Pudong skyline, with convenient access to the airports and major areas of the city.

  nice

[Mrpumperitis]

Awesome speaker list, shows how far and wide reaching Ethereum has become. Industry leaders and some of the biggest businesses in the world want to speak at DEVCON2 
welldone everyone 
http://www.blockchainweek2016.org/index_en.html#devcon2

[AlgoSwan]

VENUE

Hyatt on the Bund is a 5 star hotel located on the banks of the Huang Pu River at the northern end of the Bund in Shanghai. The suites and rooms offer spectacular views of the Bund and Pudong skyline, with convenient access to the airports and major areas of the city.

  nice

Is listed ticket price include the staying in that hotel or just watching the summit?

[Merratzz]

New simple Ethereum Pool started.

Here

http://mastermining.net

1% Pool Fee
Yesterday found first Block and do first Payout of 5 ETH

Feel free and start today to find your own Ethereum

[Mrpumperitis]

VENUE

Hyatt on the Bund is a 5 star hotel located on the banks of the Huang Pu River at the northern end of the Bund in Shanghai. The suites and rooms offer spectacular views of the Bund and Pudong skyline, with convenient access to the airports and major areas of the city.

  nice

Is listed ticket price include the staying in that hotel or just watching the summit?

afaik only the summit
rooms cost around $300 per night and are being snapped up very quickly

[Mrpumperitis]

CJentzsch 92 points 20 hours ago

We are all hard at work. The details of a hard fork are still under discussion but most clients have already implemented the initial version:

    pyeth: https://github.com/ethereum/pyethereum/commit/611252b630981a93bd348cc3ed155a75ad71158b (done by Vitalik himself)

    parity: https://github.com/ethcore/parity/pull/1483/files

    cpp-ethereum: https://github.com/ethereum/libethereum/pull/305 (including general consensus tests)

    geth: https://github.com/ethereum/go-ethereum/pull/2757 (work in progress)

I expect a finished hard fork specification within the next days. If the hard fork becomes effective, it will result in a dissolving of the DAO, refunding the token holders.

More details will come soon. I will make a blog post about it when things are fixed.

https://www.reddit.com/r/ethereum/comments/4qwdjq/where_can_i_find_the_latest_update_on_the_path/
 

[zmija]

nice hotel

[Wilhelmer]

When is devcon2 happening?

[Maicol792]

eth we are whit you.. and continue mining ;-)

[AlgoSwan]

When is devcon2 happening?

late september this year.

[Zeta0S]

When Ethereum is going POS will that be the end of high value Ether?
No coin that`s POS has a high value or lost his value in the POS period.