[ANN] Ethereum: Welcome to the Beginning

[JollyGood]

What exactly is the point you are making? I read this post several times and cannot understand what you trying to get at here.

Hi All,

We have been holding some BTC/ETH since the few years ago, however, majority of our assets are remaining in traditional stock and equity as we are from the stock brokerage background.

Eventhough we believe Ethereum should be a great alternative to replace the traditional capital market. However, we have been seeing a lot of Alt coin is offered in the past few years and yet quite a large number of them are scam in nature or highly in doubt. A lot of my peers have lost part of their investment in those alt coins. This is the reason that prevent us from investing larger portion of our assets into ETH. This may be also the reason why ETH market value is remain lower than BTC.

As compare to the traditional global equity market, digital assets market are remain extremely small in value. Are there a highly viable solution to convert those traditional capital market investors to hold more digital assets in their portfolio?

[Torra]

What exactly is the point you are making? I read this post several times and cannot understand what you trying to get at here.

Hi All,

We have been holding some BTC/ETH since the few years ago, however, majority of our assets are remaining in traditional stock and equity as we are from the stock brokerage background.

Eventhough we believe Ethereum should be a great alternative to replace the traditional capital market. However, we have been seeing a lot of Alt coin is offered in the past few years and yet quite a large number of them are scam in nature or highly in doubt. A lot of my peers have lost part of their investment in those alt coins. This is the reason that prevent us from investing larger portion of our assets into ETH. This may be also the reason why ETH market value is remain lower than BTC.

As compare to the traditional global equity market, digital assets market are remain extremely small in value. Are there a highly viable solution to convert those traditional capital market investors to hold more digital assets in their portfolio?

He wants to get 1000% as ICO were but at the same time wants everything be safe as IPO

[JollyGood]

If that is the case he might be looking for a long time to find an investment that can safely give him anything close to what he is seeking.

~snip~

He wants to get 1000% as ICO were but at the same time wants everything be safe as IPO

[coronga]

The upcoming upgrade is huge, maybe we can see it in just a few months in my opinion this transition from pow to pos is great for ethereum and will make the price pump since a lot of people will need to hold their ethereum in order to get the staking rewards.

[DonQuijote]

The upcoming upgrade is huge, maybe we can see it in just a few months in my opinion this transition from pow to pos is great for ethereum and will make the price pump since a lot of people will need to hold their ethereum in order to get the staking rewards.

Indeed, cant wait for the transition and price bump

we must be patient, the development of great changes is always slow (and delayed)

[zasad@]

The upcoming upgrade is huge, maybe we can see it in just a few months in my opinion this transition from pow to pos is great for ethereum and will make the price pump since a lot of people will need to hold their ethereum in order to get the staking rewards.

Did you read this?
https://github.com/ethereum/eth2.0-specs

Let me make it real simple for you:

Ethereum 2 Phase 0
No smart contract support, all processes will pass in ETH 1.0
Validators will lock their ETH and will validate rewards to each other in ETH 2.0.

Ethereum 2 Phase 1
No smart contract support, all processes will pass in ETH 1.0
Shards will be added, this will slightly increase the throughput in the ETH 2.0

Ethereum 2 Phase 2
Sharding with smart contracts support
How long? Will this work with other smart contracts?  

we have not yet launched the official Beacon Chain testnet
https://cointelegraph.com/news/realistic-ethereum-20-multi-client-testnet-targeting-for-june

[notblox1]

Hardest thing for them is to implement smart contracts and that is obvious.
I don't expect this will be completed in 2020, and nobody knows if everything will work as it should.

[omnipotence]

This is absolutely crazy, the fees are nothing short of unbelievable. After reading your post I was not sure whether I should laugh at the state of play where Ethereum finds itself or whether I should feel sorry for the state in which it finds itself.

The fees stated in the post are just mind-boggling !

The fun continues..

12.06.2020
https://etherscan.io/tx/0xfd10c9a4507c4ebf1db9f71e05ba8ea09f3603c9012c24195d731a1fadfa14d9
Transaction Fee: 2,310 Ether ($547,770.30)

https://etherscan.io/tx/0xdc7c6482e73e95a4e90c7cb5e0b6a5acb8d997bd53a064a0f19b2457f40910be
Transaction Fee:10.77072875877608 Ether ($2,554.06)

What is the full story here?

[farmountain]

What exactly is the point you are making? I read this post several times and cannot understand what you trying to get at here.

Hi All,

We have been holding some BTC/ETH since the few years ago, however, majority of our assets are remaining in traditional stock and equity as we are from the stock brokerage background.

Eventhough we believe Ethereum should be a great alternative to replace the traditional capital market. However, we have been seeing a lot of Alt coin is offered in the past few years and yet quite a large number of them are scam in nature or highly in doubt. A lot of my peers have lost part of their investment in those alt coins. This is the reason that prevent us from investing larger portion of our assets into ETH. This may be also the reason why ETH market value is remain lower than BTC.

As compare to the traditional global equity market, digital assets market are remain extremely small in value. Are there a highly viable solution to convert those traditional capital market investors to hold more digital assets in their portfolio?

He wants to get 1000% as ICO were but at the same time wants everything be safe as IPO

Why do you think there must be an extreme which give a window of opportunity to scammers? There should be a solution to differentiate a scams and a viable project.

[zasad@]

https://twitter.com/etherchain_org/status/1272425639673462784

Ethermine.org transferred the received ETH to the miners.
If you have information on other transactions, please share it.

UPD.
https://twitter.com/sparkpool_eth/status/1270688700968480768
"SparkPool.eth is further investigating the incident.. "

[Sy]

https://twitter.com/etherchain_org/status/1272425639673462784

Ethermine.org transferred the received ETH to the miners.
If you have information on other transactions, please share it.

UPD.
https://twitter.com/sparkpool_eth/status/1270688700968480768
"SparkPool.eth is further investigating the incident.. "

If it was really an extortion attempt on some exchange or someone as some news suggested then they should have waited at least for a couple of weeks before sending it to miners in my opinion.

[zasad@]

https://twitter.com/etherchain_org/status/1272425639673462784

Ethermine.org transferred the received ETH to the miners.
If you have information on other transactions, please share it.

UPD.
https://twitter.com/sparkpool_eth/status/1270688700968480768
"SparkPool.eth is further investigating the incident.. "

If it was really an extortion attempt on some exchange or someone as some news suggested then they should have waited at least for a couple of weeks before sending it to miners in my opinion.

https://twitter.com/f2pool_official/status/1271361765327044608
"We are currently investigating the transaction and in communication with the sender." f2pool

If this is connected with crime, then they need to contact the police.

If I were a miner on SparkPool or f2pool, then I would go on ethermine

[lemonandfriesonetwo]

Can someone ELI5 what is going on with the latest Ethereum drama?

[becoin]

Can someone ELI5 what is going on with the latest Ethereum drama?

It is like every other altcoin drama leading to the final question:
Shall I dump the bag in exchange for fiat or shall I dump the bag in exchange for bitcoin?

[zasad@]

Can someone ELI5 what is going on with the latest Ethereum drama?

The main drama is how many people will be able to hold on to the new pump. A pump will be fast and impetuous.
SEC has put a lot of crypto projects in the pose of doggy style, except for ETH.

[Sy]

https://twitter.com/etherchain_org/status/1272425639673462784

Ethermine.org transferred the received ETH to the miners.
If you have information on other transactions, please share it.

UPD.
https://twitter.com/sparkpool_eth/status/1270688700968480768
"SparkPool.eth is further investigating the incident.. "

If it was really an extortion attempt on some exchange or someone as some news suggested then they should have waited at least for a couple of weeks before sending it to miners in my opinion.

https://twitter.com/f2pool_official/status/1271361765327044608
"We are currently investigating the transaction and in communication with the sender." f2pool

If this is connected with crime, then they need to contact the police.

If I were a miner on SparkPool or f2pool, then I would go on ethermine

Once the reward is distributed among the pool members I doubt the police would be able to do anything because ethermine is a big pool and contacting each member would be a really tough task.

[JollyGood]

How much patience is acceptable before it transitions in to boredom and fatigue regardless of whether it is associated with Ethereum 2.0 or any other crypto?

we must be patient, the development of great changes is always slow (and delayed)

[tbct_mt2]

Besides the upgrade to Ethereum 2.0, I am waiting for solution to solve such high transaction fees like recent strange transactions. I don't care about the hacked wallets because it is responsibility of wallet owners to secure their wallets. What I care about is such hacked wallets probably cause sudden high fees on Ethereum network and it affects the whole Ethereum transactions with very higher fees than usual.

[JollyGood]

The high transactions fees are an anomaly affecting some transactions which should reset across the board soon. I would not be concerned about transaction fees.

Besides the upgrade to Ethereum 2.0, I am waiting for solution to solve such high transaction fees like recent strange transactions. I don't care about the hacked wallets because it is responsibility of wallet owners to secure their wallets. What I care about is such hacked wallets probably cause sudden high fees on Ethereum network and it affects the whole Ethereum transactions with very higher fees than usual.

[zasad@]

https://blog.f2pool.com/en/announcement-en/handling-of-abnormal-eth-tx-en
F2Pool’s handling of abnormal Ethereum (ETH) transaction fee on June 11, 2020

"In order to say thank you to those that have firmly supported and trusted F2Pool even before all the details of the incident were fully disclosed, we negotiated with the original address holder to keep 10% of the transaction fee (231 ETH) and use it for a one-week event of 0% mining fees for F2Pool Ethereum mining, from 2020-06-20 to 2020-06-26 (inclusive). Any shortfall will be covered by F2Pool.

After we are completely satisfied with the verification process, F2Pool has returned 2079 ETH to the new address 0x3ecef08d0e2dad803847e052249bb4f8bff2d5bb which has been provided by the sender, the related transaction ID is: 0xee077b832698ccd575b0c9eae8da15ed4aa64b38f369c11935bc795793064a59. "