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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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FloppyPurpleGherkin
Jr. Member
 Offline
Activity: 306
Merit: 2
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August 26, 2018, 10:03:48 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
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jmigdlc99
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August 26, 2018, 10:26:32 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? |
0xacBBa937A57ecE1298B5d350f40C0Eb16eC5fA4B
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philipma1957
Legendary
Offline
Activity: 4116
Merit: 7872
'The right to privacy matters'
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August 26, 2018, 10:44:57 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? If they made a bigger dag and played around a bit with some other specs it could be only the 1080ti 2080ti and Vega 64 work along with newer gpus coming out as for pos: POS = piece of shit Basically POS is putting money in the bank and getting some interest on it. Why on earth should I risk have 100 or 1000 eth coins sitting to get interest. Remember since the leader controls the coin he can change rules pretty easy and my 1000 coins getting 1% a month could be at his mercy. Since coin value can tank at any minute. I rather have 100,000 usd in a cd getting 2 % a year if I want interest. |
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Mike011
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August 26, 2018, 10:57:25 PM |
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eth devs are stinking rich now and don`t really care anymore. look how buterin turned from visionary genius to second-grade philosopher.
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Juniormkl
Newbie
Offline
Activity: 155
Merit: 0
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August 27, 2018, 07:16:46 AM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? If they made a bigger dag and played around a bit with some other specs it could be only the 1080ti 2080ti and Vega 64 work along with newer gpus coming out as for pos: POS = piece of shit Basically POS is putting money in the bank and getting some interest on it. Why on earth should I risk have 100 or 1000 eth coins sitting to get interest. Remember since the leader controls the coin he can change rules pretty easy and my 1000 coins getting 1% a month could be at his mercy. Since coin value can tank at any minute. I rather have 100,000 usd in a cd getting 2 % a year if I want interest. The bigger DAG solution is new for me, sure it will hit 95%+ of miners, but people will go mad then. |
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VoskCoin (OP)
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August 27, 2018, 03:39:35 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well?
POS = piece of shit Basically POS is putting money in the bank and getting some interest on it. Why on earth should I risk have 100 or 1000 eth coins sitting to get interest. Remember since the leader controls the coin he can change rules pretty easy and my 1000 coins getting 1% a month could be at his mercy. Since coin value can tank at any minute. I rather have 100,000 usd in a cd getting 2 % a year if I want interest. The bigger DAG solution is new for me, sure it will hit 95%+ of miners, but people will go mad then. that would invalidate 80% or so of my current GPU farm, but honestly I would be interesting in seeing it. Seems part of the effective route to being "asic resistant" used to love that term, now it feels like talking about an ex lol |
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VoskCoin (OP)
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August 27, 2018, 03:40:32 PM |
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eth devs are stinking rich now and don`t really care anymore. look how buterin turned from visionary genius to second-grade philosopher.
I do feel that all these devs are so out of touch with the people that support their network at the base level . . the miners which also turn into promoters, future devs, and everything else |
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VoskCoin (OP)
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August 27, 2018, 03:43:15 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? There are plenty of cryptocurrency projects to support, with ETH continuing down this road isolating what I would consider their founding support base . . many will continue to move to other projects Ultimately I think most are left with the feeling of . . why even bother sticking around -- abandoned their miners and the coin is plummeting, I don't hold much ETH anymore and it was my largest holding at one point |
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VoskCoin (OP)
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August 27, 2018, 03:43:45 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
what do you mean? things have been going great for ETN this year (sarcasm) |
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tg88
Legendary
Offline
Activity: 2380
Merit: 1407
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August 29, 2018, 01:32:39 AM |
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Let's see what the consensus will be on the 31st.
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VoskCoin (OP)
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August 29, 2018, 04:38:34 PM |
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Let's see what the consensus will be on the 31st.
What do you think should be done regarding the current ETH issues being debated? |
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adaseb
Legendary
Offline
Activity: 3752
Merit: 1710
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August 29, 2018, 11:45:23 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? If they made a bigger dag and played around a bit with some other specs it could be only the 1080ti 2080ti and Vega 64 work along with newer gpus coming out as for pos: POS = piece of shit Basically POS is putting money in the bank and getting some interest on it. Why on earth should I risk have 100 or 1000 eth coins sitting to get interest. Remember since the leader controls the coin he can change rules pretty easy and my 1000 coins getting 1% a month could be at his mercy. Since coin value can tank at any minute. I rather have 100,000 usd in a cd getting 2 % a year if I want interest. This in my opinion is the reason why I think ETH is way way too centralised because the ETH devs have basically too much control. That entire DOA hack basically proved how much control the ETH devs have. Most don't remember because most us of weren't around in 2016 but there was actually a vote whether to fork or not to fork. The voting ended in favor of not forking but the ETH devs forked anyways. Same with the issuance reduction last year from 5 to 3 ETH. BTC doesn't have this issue and this is why its dominance is high and why it deserves the price it hold. It took me years to realize that centralization is very very bad for anything crypto related. Most likely the only non-centralized coin is Bitcoin itself. |
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VoskCoin (OP)
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August 30, 2018, 02:22:43 PM |
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ETH needs to fork or it will die, like all other ASIC coins, except BTC.
ETH could indeed use a fork to revive it's value. There simply is too much going on without much response to the ETH dev team and frankly people are getting tired of waiting for their promises that seem to keep getting moved. 2017 was supposed to be the time for the promised POS algo change and soon 2018 will be over. Will they blow through 2019 without any significant changes as well? If they made a bigger dag and played around a bit with some other specs it could be only the 1080ti 2080ti and Vega 64 work along with newer gpus coming out as for pos: POS = piece of shit Basically POS is putting money in the bank and getting some interest on it. Why on earth should I risk have 100 or 1000 eth coins sitting to get interest. Remember since the leader controls the coin he can change rules pretty easy and my 1000 coins getting 1% a month could be at his mercy. Since coin value can tank at any minute. I rather have 100,000 usd in a cd getting 2 % a year if I want interest. This in my opinion is the reason why I think ETH is way way too centralised because the ETH devs have basically too much control. That entire DOA hack basically proved how much control the ETH devs have. Most don't remember because most us of weren't around in 2016 but there was actually a vote whether to fork or not to fork. The voting ended in favor of not forking but the ETH devs forked anyways. Same with the issuance reduction last year from 5 to 3 ETH. BTC doesn't have this issue and this is why its dominance is high and why it deserves the price it hold. It took me years to realize that centralization is very very bad for anything crypto related. Most likely the only non-centralized coin is Bitcoin itself. Agree, the more people dig into cryptocurrency projects it becomes clear just how centralized so many projects are . . |
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Piskeante
Member
Offline
Activity: 924
Merit: 15
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August 30, 2018, 03:26:26 PM |
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ETH devs are not going to fork to make the coin ASIC resistant. This has never been said by any dev. Indeed, they made a poll to ask people, and 52% of the votes were to fork to invalidate ASICS, which, by this time, should be almost 60% of the current hashrate of ETH and being a big centralized coin since very few people control the amount of coins generated.
More over, they will apply Constantinopla, which, among other things, they will reduce from 3 to 2 ETH per block, which will make mining absolutely inviable for 95% of the people at current prices.
Not only this, this changes will be implemented on October 2018, so i month away and mining ETH will be gone for all of you.
The real problem of ETH is scalability. ETH can do only 15 operations per second with current block of 1mb. There is no solution for this (that's why they created ETH Classic) which was born has a "fork" for ETH to solve that issue, but it didn't.
ETH is just a very well marketed product that will die very soon and i've been warning about this a lot of times.
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BTC no more than 6k by end of 2019. ETH no more than 300$ by end 2019. Huge market manipulation, huge amount of scammers and hypers.
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Marvell2
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August 31, 2018, 12:56:32 AM |
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If you are mining ethereum or its forks with gpus and have a github account you ahould flood this post by the eth devs and asic shills discussing reducting block reward only, or forking Asics and reducing blook reward. So far most of the support serms to be for Asics. They are discussing all this in a meeting tomorrow so leave your imput as gpu miners. https://github.com/ethereum/pm/issues/55 |
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tg88
Legendary
Offline
Activity: 2380
Merit: 1407
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August 31, 2018, 05:56:19 PM |
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any news?
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FloppyPurpleGherkin
Jr. Member
Offline
Activity: 306
Merit: 2
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August 31, 2018, 07:12:51 PM |
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Yep, no algo change and they ARE dropping the reward to 2
lol it was fun ETH, Goodnight.,
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contagioncf
Newbie
Offline
Activity: 8
Merit: 0
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August 31, 2018, 07:59:38 PM |
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they are making wrong decisions.
alot people are going to suffer. except the devs.
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Marvell2
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September 01, 2018, 12:01:39 AM |
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they are making wrong decisions.
alot people are going to suffer. except the devs.
we need to push for a progpow fork iff the main chain in october |
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