encycrypto
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May 07, 2019, 09:39:16 PM |
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Who knows why Vitalik does not write anything in this thread? It would be cool if he interacted more here, I would like to know his thoughts. I wonder what he thinks about the market and what are his predictions.
You can always interact with him through his personal website or through his Twitter handle. Maybe if someone reminds him of his account of bitcointalk at Twitter he can have a look at this thread again? |
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IFC2019
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May 07, 2019, 11:50:22 PM |
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Regarding the advantages of PoS, two points are often mentioned:
1. Energy saving and environmental protection. The out-of-block node does not use the mining machine for the power competition to mine, but by holding the currency "mining", it is absolutely energy-saving and environmentally friendly.
2. Higher TPS. In general, the latency of PoS can be done very low and the confirmation is very fast. In the PoS system, a transaction can be published and confirmed.
PoS security issues
From the perspective of system security, there are at least two major security risks in PoS.
1. Nothing at Stake: In a nutshell, if the attacker forks the current chain, there is no need to judge which chain will win for the “miner” holding the coin. The strategy is to "mining" on both branches at the same time. Because no matter which branch wins, it will benefit for Stake's holders, and the process is not like PoW. The spelling power of "real knife and gun" needs to burn money. PoS has no consumption all the time, so for the money holding For block nodes, it is entirely feasible to mine on both branches at the same time. This leads to the fact that in some cases, maliciously forking a PoS chain is unlikely to succeed. Once the attack is successful, a chain may split into multiple chains, which will cause a series of serious problems such as transaction rollback and double flower.
2. Long Range Attack, which is a more difficult problem than a non-invasive attack. Instead of splitting the existing chain, the attacker starts with the initial stage and creates a new, longer chain that makes the network mistakenly think it is the main chain. If you want to build a longer chain on Bitcoin, you need to have more than 50% of the computing power of the entire system. This requires buying a mining machine, requiring energy consumption, and requiring huge capital investment to win. In contrast, PoS can "cheat" the algorithm to create a new chain, and this process does not need to invest in the mining machine, no energy consumption, the attack cost is much lower than PoW, once the attack is successful, the consequences are very serious, reconstructed The chain may completely replace the original chain, and many attributes such as tampering will be destroyed.
Is the Ethereum pos mode going to progress or regress?
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Viscore
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May 08, 2019, 06:13:53 AM |
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Who knows why Vitalik does not write anything in this thread? It would be cool if he interacted more here, I would like to know his thoughts. I wonder what he thinks about the market and what are his predictions.
Don't expect anything, his account was last active on June 30, 2016 ( https://bitcointalk.org/index.php?action=profile;u=7314) Only investors and potential investors are interacting here. |
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Amelie Poulain
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May 08, 2019, 08:33:40 PM |
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Vitalik has been more actively with his Twitter account and in Ethereum own-built forum. This situation is very popular in crypto, with old and well known altcoins, another one is Monero. So, investors, whom have interests to catch official news from Vitalik should follow his Twitter account. In the other side, Ethereum has been in its final phase before really finish its bottom-out process, like what happened with bitcoin. When bitcoin bottomed out successfully and moved up, it will never hit the range around $3500 - $3700 again. That is the scenario for Ethereum within next few months, believe me. https://twitter.com/ethereumhttps://twitter.com/VitalikButerinToday I saw the news that $ 40 million was stolen from the Binance exchange, but in spite of this the price remained the same and even slightly increased. At the moment, the market behavior is very unpredictable. |
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dr.cheema
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May 08, 2019, 08:59:06 PM |
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Vitalik has been more actively with his Twitter account and in Ethereum own-built forum. This situation is very popular in crypto, with old and well known altcoins, another one is Monero. So, investors, whom have interests to catch official news from Vitalik should follow his Twitter account. In the other side, Ethereum has been in its final phase before really finish its bottom-out process, like what happened with bitcoin. When bitcoin bottomed out successfully and moved up, it will never hit the range around $3500 - $3700 again. That is the scenario for Ethereum within next few months, believe me. https://twitter.com/ethereumhttps://twitter.com/VitalikButerinToday I saw the news that $ 40 million was stolen from the Binance exchange, but in spite of this the price remained the same and even slightly increased. At the moment, the market behavior is very unpredictable. Yeah it's true according to news and that's really weird/strange, no.1 exchange also can hack but this news not impacted on crypto market. What do you think! can binance track the stolen funds or catch the hackers? https://www.coindesk.com/hackers-are-shuffling-binances-stolen-bitcoin |
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bitcoin_age
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May 08, 2019, 10:10:50 PM |
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I personally tested so many blockchain but i feel ethereum is the only blockchain which will override all the other blockchain
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IFC2019
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May 08, 2019, 10:41:31 PM |
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I am very optimistic about Ethereum. After a few years, you will find that the public chain that can survive is one of the Ethereum.  |
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JollyGood
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May 08, 2019, 11:07:02 PM |
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I personally tested so many blockchain but i feel ethereum is the only blockchain which will override all the other blockchain What were your finding and results in your testing? Which tests did you perform? |
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bitcoin_age
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May 09, 2019, 01:00:57 AM |
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I personally tested so many blockchain but i feel ethereum is the only blockchain which will override all the other blockchain What were your finding and results in your testing? Which tests did you perform? i downloaded many blockchain their interface their structure base their responsive nodes etc ... everyone is considered when picking a store of value .. eth completes the needs for store of value as well as to build contracts on top of it..cardano or tron or tezos etc by no mean could ever be regarded as store of value since they dont have any reputation.. Ethereum will be the king in future may be #1 someday |
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bitcoin_age
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May 09, 2019, 01:15:18 AM |
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Viscore
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May 09, 2019, 05:58:47 AM |
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Good news, let's see how it will affect the price now. This is timely because bitcoin is mooning currently, trading at over $6K now and experts call it a start of a big bull run. Lot's of experts here but what's nice is Bitcoin finally achieve a new high this year. |
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coin_1122
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May 09, 2019, 06:21:41 AM |
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Good news, let's see how it will affect the price now. This is timely because bitcoin is mooning currently, trading at over $6K now and experts call it a start of a big bull run. Lot's of experts here but what's nice is Bitcoin finally achieve a new high this year. Yes, after waiting for many days now the price of Bitcoin is mooning which it is going to be very good sign for the people who are holding ETH, with the above new will easily help the ETH to increase its value in the coming easily. If Bitcoin manages to cross more than 6500$. |
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RivAngE
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What doesn't kill you, makes you stronger
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May 09, 2019, 07:00:35 AM |
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Good news, let's see how it will affect the price now. This is timely because bitcoin is mooning currently, trading at over $6K now and experts call it a start of a big bull run. Lot's of experts here but what's nice is Bitcoin finally achieve a new high this year. Come on, you still haven't realised that the price of any cryptocurrency is not dictated from the advances in the space but it's being played by the few crypto-whales and outside manipulators through derivatives? ... and sometimes FOMO or FUD might get common people into the play so that most of them can lose their money while pushing the price higher or lower. We're not widely adopted yet to have a natural growth from userbase nor is there any consistent regulation and safety for big investors to chip in. |
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Amelie Poulain
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May 09, 2019, 07:57:42 AM |
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Vitalik has been more actively with his Twitter account and in Ethereum own-built forum. This situation is very popular in crypto, with old and well known altcoins, another one is Monero. So, investors, whom have interests to catch official news from Vitalik should follow his Twitter account. In the other side, Ethereum has been in its final phase before really finish its bottom-out process, like what happened with bitcoin. When bitcoin bottomed out successfully and moved up, it will never hit the range around $3500 - $3700 again. That is the scenario for Ethereum within next few months, believe me. https://twitter.com/ethereumhttps://twitter.com/VitalikButerinToday I saw the news that $ 40 million was stolen from the Binance exchange, but in spite of this the price remained the same and even slightly increased. At the moment, the market behavior is very unpredictable. Yeah it's true according to news and that's really weird/strange, no.1 exchange also can hack but this news not impacted on crypto market. What do you think! can binance track the stolen funds or catch the hackers? https://www.coindesk.com/hackers-are-shuffling-binances-stolen-bitcoinI do not think that they will be able to do it - if hackers are not dilettantes, then it will be impossible to track them down. The funds are most likely would be washed and taken to offshore. |
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Mikhail.YT
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May 09, 2019, 08:38:13 AM |
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Eth has been hovering between $160 -$175 for quite some time now. I hope it can touch $200 before this month ends. Well, that will only happen when BTC moves upward which are happening. When the market is positive and things will be positive in the same way, once the price of Bitcoin is increasing automatically the price of ETH will surely increase in the market. As you can see on coinmarketcap, Bitcoin's price is bullish and it is affecting most of the altcoins which very soon - altcoin prices will also start increasing (PS. why XRP isn't?). Some people are saying that BTC will go up to $5800 before reversing back to $3800 - $4000 then start the up trend again. I think that the best thing to do is to watch the market very close to see what will happen next.
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CORNEL
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May 09, 2019, 09:04:43 AM |
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I personally tested so many blockchain but i feel ethereum is the only blockchain which will override all the other blockchain
But you didn't share the details in which field you tested all other blockchains and what make it different from all others. If you would like to share your experience with us than it will be helpful. |
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dr.cheema
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May 09, 2019, 09:47:58 AM |
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Vitalik has been more actively with his Twitter account and in Ethereum own-built forum. This situation is very popular in crypto, with old and well known altcoins, another one is Monero. So, investors, whom have interests to catch official news from Vitalik should follow his Twitter account. In the other side, Ethereum has been in its final phase before really finish its bottom-out process, like what happened with bitcoin. When bitcoin bottomed out successfully and moved up, it will never hit the range around $3500 - $3700 again. That is the scenario for Ethereum within next few months, believe me. https://twitter.com/ethereumhttps://twitter.com/VitalikButerinToday I saw the news that $ 40 million was stolen from the Binance exchange, but in spite of this the price remained the same and even slightly increased. At the moment, the market behavior is very unpredictable. Yeah it's true according to news and that's really weird/strange, no.1 exchange also can hack but this news not impacted on crypto market. What do you think! can binance track the stolen funds or catch the hackers? https://www.coindesk.com/hackers-are-shuffling-binances-stolen-bitcoinI do not think that they will be able to do it - if hackers are not dilettantes, then it will be impossible to track them down. The funds are most likely would be washed and taken to offshore. Hackers only stolen 7,000 Bitcoins from users wallet but binance admitted this mishap and users faced no financial loss but binance faced. Well I think now Binance will be more alert about security and they will do best to secure their trading platform. If funds taken to offshore then hackers could attack again, Luckily users are safe.  |
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JollyGood
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May 09, 2019, 10:24:31 AM
Last edit: May 09, 2019, 11:13:26 AM by JollyGood |
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I personally tested so many blockchain but i feel ethereum is the only blockchain which will override all the other blockchain What were your finding and results in your testing? Which tests did you perform? i downloaded many blockchain their interface their structure base their responsive nodes etc ... everyone is considered when picking a store of value .. eth completes the needs for store of value as well as to build contracts on top of it..cardano or tron or tezos etc by no mean could ever be regarded as store of value since they dont have any reputation.. Ethereum will be the king in future may be #1 someday I see. Thank you for clarifying. I like Ethereum and the ethos behind it, I hope it stays around for a long time but equally hope it will continue to evolve and update just to stay one step ahead of the rest that try to emulate its features an offerings. |
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Goxten
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May 09, 2019, 10:33:07 AM |
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ETH for a long time can not reach the price of 200$. When do you think this will happen? What are the predicted dates? Having passed the psychological milestone of 200$ ETH proves the power of its project.
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Kasabus
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May 09, 2019, 10:57:32 AM |
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ETH for a long time can not reach the price of 200$. When do you think this will happen? What are the predicted dates? Having passed the psychological milestone of 200$ ETH proves the power of its project.
I'm certain it will happen this year. No one can tell when exactly it will happen, but as we stay patient, we will surely see at that price again, or even higher. |
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