[ANN] Ethereum: Welcome to the Beginning

[BattleField]

On December 16, we were made aware that someone had recently gained unauthorized access to a database from forum.ethereum.org. We immediately launched a thorough investigation to determine the origin, nature, and scope of this incident. Here is what we know:

The information that was recently accessed is a database backup from April 2016 and contained information about 16.5k forum users.
The leaked information includes:

• Messages, both public and private
• IP-addresses
• Username and email addresses
• Profile information
• Hashed passwords
• ~13k bcrypt hashes (salted)
• ~1.5k WordPress-hashes (salted)
• ~2k accounts without passwords (used federated login)
• The attacker self-disclosed that they are the same person/persons who recently hacked Bo Shen.
• The attacker used social engineering to gain access to a mobile phone number that allowed them to gain access to other accounts, one of which had access to an old database backup from the forum.

https://blog.ethereum.org/2016/12/19/security-alert-12192016-ethereum-org-forums-database-compromised/

 

http://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/#34624b2322db

Hackers Have Stolen Millions Of Dollars In Bitcoin -- Using Only Phone Numbers

That is the reason I do not give out phone numbers.

[1714809343]

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[DIX]

Is maintained above 0.00900000

[irixo10]

Is maintained above 0.00900000

Between today and tomorrow I think it broke the support of the 0.00900000 today low more than 5%

[IncludeBeer]

Ethf is a one way street to $1

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

It's the definition of a ponzi, there are no questions. And vitaly owning a ponzi makes him a criminal.

Lol we quite definitively established that it's not the definition of a ponzi, by the fucking definition itself!   You do speak English, right? I'll break it down for you:

• a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors: Vitalik is neither the operator, individual, nor organization who is paying returns to investors.
• ...from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.: PoS rewards are not issued from capital paid to the operators by the new investors.  These rewards are generated via the protocol, in exchange for miners processing transactions and minting new blocks.
• Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.:  PoS implementation in no way solicits abnormally high short-term returns on investment.  Certainly no more than PoW does.  The currently expected numbers in the latest Muave paper from Vitalik prove this.

Maybe...you don't understand how PoS works?   I mean, you know that the person with the highest stake doesn't always get to mine the next block, right?  IMO, the proposed Casper implementation is very creative and elegant solution to that particular problem (Block selection variants).  

So,

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

I'm still waiting for you to back up your statements bitpop!  Can you?  Or do you only have the brains for trolling in this thread because your moderated ETC thread is dead?

[Biscutard]

Ethf is a one way street to $1

If there is fundamental problem with Ethereum, both will be zero.

[thevictimofuktyranny]

Ethf is a one way street to $1

If there is fundamental problem with Ethereum, both will be zero.

There's always bagholders of etherium

LOL!

The top 500 Bitcoin addresses own 30% of all BTC.

In crypto currencies, success and failure is based on having the best bagholders

[wallflies]

 

https://cointelegraph.com/news/california-startup-uses-blockchain-for-real-estate-deals-from-la-to-dubai-and-moscow

[revelacaogr]

Eurakos Next: A New Complementary Cryptocurrency Based On the Ethereum Blockchain


https://www.deepdotweb.com/2016/12/22/eurakos-next-new-complementary-cryptocurrency-based-ethereum-blockchain/

[bitpop]

Beware, ethf is not fungible!

[IncludeBeer]

Beware, ethf is not fungible!

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

It's the definition of a ponzi, there are no questions. And vitaly owning a ponzi makes him a criminal.

Lol we quite definitively established that it's not the definition of a ponzi, by the fucking definition itself!   You do speak English, right? I'll break it down for you:

• a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors: Vitalik is neither the operator, individual, nor organization who is paying returns to investors.
• ...from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.: PoS rewards are not issued from capital paid to the operators by the new investors.  These rewards are generated via the protocol, in exchange for miners processing transactions and minting new blocks.
• Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.:  PoS implementation in no way solicits abnormally high short-term returns on investment.  Certainly no more than PoW does.  The currently expected numbers in the latest Muave paper from Vitalik prove this.

Maybe...you don't understand how PoS works?   I mean, you know that the person with the highest stake doesn't always get to mine the next block, right?  IMO, the proposed Casper implementation is very creative and elegant solution to that particular problem (Block selection variants).  

So,

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

bitpop spouts shit he doesn't understand, and then can't explain himself.

[bitpop]

Beware, ethf is not fungible!

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

It's the definition of a ponzi, there are no questions. And vitaly owning a ponzi makes him a criminal.

Lol we quite definitively established that it's not the definition of a ponzi, by the fucking definition itself!   You do speak English, right? I'll break it down for you:

• a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors: Vitalik is neither the operator, individual, nor organization who is paying returns to investors.
• ...from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.: PoS rewards are not issued from capital paid to the operators by the new investors.  These rewards are generated via the protocol, in exchange for miners processing transactions and minting new blocks.
• Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.:  PoS implementation in no way solicits abnormally high short-term returns on investment.  Certainly no more than PoW does.  The currently expected numbers in the latest Muave paper from Vitalik prove this.

Maybe...you don't understand how PoS works?   I mean, you know that the person with the highest stake doesn't always get to mine the next block, right?  IMO, the proposed Casper implementation is very creative and elegant solution to that particular problem (Block selection variants).  

So,

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

bitpop spouts shit he doesn't understand, and then can't explain himself.

You're a worthy opponent

See:

More centralized

Not fungible

Mutable

Delusional community

Constant losses
 

[tortellino]

there is a nice chart of the price of ETH here:

https://whaleclub.co/i/ZpZa3h

[Tara11]

Is it time to invest in Ethereum?

[IncludeBeer]

Beware, ethf is not fungible!

bitpop spouts shit he doesn't understand, and then can't explain himself.

You're a worthy opponent

See:

More centralized

Not fungible

Mutable

Delusional community

Constant losses
 

See, that's the problem bitpop.  I can say the exact same thing about ETC.  All you're doing is offering up key words, with absolutely no explanation or meaning behind them.  They're buzz words, and even the semi-intelligent will see through that.  So, when I say this about ETC:

"More centralized

Not fungible

Mutable

Delusional community

Constant losses"

...what value is there in those words alone? None!  If you're going to take the time to troll, at least do it properly.  As of now, you still haven't been able to justify any of the sputum you constantly put in this thread. In what world would you think anyone would take such blathering seriously?

p.s. I'm still waiting for some actual explanation of why PoS is a ponzi scam that Vitalik is responsible for.  I was enjoying our debate, but you pretty much gave up.

[Sargossy]

ETH is down everyday
what happened with ethereum?

[IncludeBeer]

ETH is down everyday
what happened with ethereum?

Btc has skyrocketed the last 72 hours.  Alt coins always drop when this happens.

[wallflies]

 

https://media.consensys.net/2017-blockchain-predictions-dcc38066a937#.h9aje31yu

[CoinCidental]

Is it time to invest in Ethereum?

eth is at bargain basement prices right now
its also a coin with possibly the brightest future of all coins
i will take this opportunity gladly to add to my stack ........

[moroseneng]

ETH is down everyday
what happened with ethereum?

Btc has skyrocketed the last 72 hours.  Alt coins always drop when this happens.

But zcash is still goin up

[logictense]

Is it time to invest in Ethereum?

eth is at bargain basement prices right now

This is where delusion roots originate from.