Classic needs to be the pow/pos hybrid
do not go to 100% pos
Topic: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts - page 365. (Read 821107 times)
Interesting ETC articles in TheMerkle:
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
Thanks, i will give it a lookin. However Me too......
I would like to open a debate over PoW vs PoS and FORKS
The difficulty miners experience will increase dramatically very soon in our current (PoW), we need to sort that. This can only be done via a fork so we need to ALL be in agreement unless you want a “Splinter Classic” chain as well as a Classic chain.
I asked Charles if we could soft fork to fix it. ---
Charles: "It can only be defused by a hard fork. It requires changing rules in the protocol that current nodes would reject."
greenuser: I have often wondered what would happen if it was just very very difficult to mine? Would it not become more scarce? More valuable?
Charles: "That would destroy any PoW algorithm based blockchain. Mining difficulty is continually adjusted to allow the network to be secure and allow blocks to be solved within a targeted time frame. Setting the difficulty arbitrarily high, would discourage miners from mining because it would make blocks harder to solve, and therefore they would generate less rewards for a greater expenditure of computational work. You would have to increase the market value of that coin exponentially to compensate, and that is impossible."
Please post your feelings....
PoW vs PoS. Currently miners mine the transactions and receive a block reward, Yes? If you have no miners, who will process the transactions? If the transactions are processed by nodes/validators and they receive a % of transaction fee... that would work too. However: “ethereum” wanted PoS with only 250 validators and you would have to pay to be a validator, that is feudalism in my eyes.
If you had a PoS/PoW hybrid you could satisfy both parties.
I would want to see more than 250 validators. What about a wallet where you could stake some of your ETC. Every wallet would have the facility so anyone could hold a stake. Dividends could be paid out from the transaction fees depending on your stake & amount of node %uptime.
You could mine to your wallet and stake a percentage of your choosing and get paid a dividend on that stake.
I plan to put this to Charles, what do people think?
I would like to thank everyone for posting so much good info and links. I agree with the comment about needing to hire a marketing guru if that hasn't already been discussed and done. Putting a public face and public point of contact for everything ETC would be a good idea.
A council with some sort of leadership structure would be very useful at this point. But like mentioned in one of the videos we need a voting mechanism that allows holders of ETC to have a vote. That however may be a longer term objective since that would require a lot of coding I assume to come up with something.
I agree we should start talking about what we want to do with the POW/POS situation. It won't be long and it will not be profitable to mine so this conversation needs to happen sooner rather than later. I liked the suggestion on a hybrid POW/POS type of rewards system. I know there are some other hybrid coins out there that we might be able to learn from, but I do think that seems the most fair, but I would think you would still want to put more emphasis or weighting the rewards on POW over the POS staking to ensure that people and not monied interests control the outcome and the vast majority of the rewards.
Even some interesting proof of capacity POC types of coins like SIA, and Burst etc where again you have miners/minters etc that are providing some sort of work/service/capacity on the network. So there are different ways to diversify the rewards mechanisms. Just a thought and maybe something that can be added into the mix.
I do agree that removing the Diff Bomb needs to be addressed very soon.
Interesting ETC articles in TheMerkle:
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
If Coinbase have been naked short selling ETC to feed its customers, and then those customers all decide they want to withdraw ETC from their platform, Coinbase will have to go to the market place and pay full current market price for its ETC. This could inflate ETC price and/or cause a run on Coinbase, Yes?
Not good for Coinbase
Interesting ETC articles in TheMerkle:
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
Thanks, i will give it a lookin. However Me too......
I would like to open a debate over PoW vs PoS and FORKS
The difficulty miners experience will increase dramatically very soon in our current (PoW), we need to sort that. This can only be done via a fork so we need to ALL be in agreement unless you want a “Splinter Classic” chain as well as a Classic chain.
I asked Charles if we could soft fork to fix it. ---
Charles: "It can only be defused by a hard fork. It requires changing rules in the protocol that current nodes would reject."
greenuser: I have often wondered what would happen if it was just very very difficult to mine? Would it not become more scarce? More valuable?
Charles: "That would destroy any PoW algorithm based blockchain. Mining difficulty is continually adjusted to allow the network to be secure and allow blocks to be solved within a targeted time frame. Setting the difficulty arbitrarily high, would discourage miners from mining because it would make blocks harder to solve, and therefore they would generate less rewards for a greater expenditure of computational work. You would have to increase the market value of that coin exponentially to compensate, and that is impossible."
Please post your feelings....
PoW vs PoS. Currently miners mine the transactions and receive a block reward, Yes? If you have no miners, who will process the transactions? If the transactions are processed by nodes/validators and they receive a % of transaction fee... that would work too. However: “ethereum” wanted PoS with only 250 validators and you would have to pay to be a validator, that is feudalism in my eyes.
If you had a PoS/PoW hybrid you could satisfy both parties.
I would want to see more than 250 validators. What about a wallet where you could stake some of your ETC. Every wallet would have the facility so anyone could hold a stake. Dividends could be paid out from the transaction fees depending on your stake & amount of node %uptime.
You could mine to your wallet and stake a percentage of your choosing and get paid a dividend on that stake.
I plan to put this to Charles, what do people think?
where can i get info on the deo hacker and his next move with all his coins?
Start with the link below and read all the comments. It's worth your time.
https://steemit.com/crypto-news/@eeks/dao-attacker-has-drained-etc-dao-ethereum-classic
So let's recap.
On the ETC chain, the DAO attacker moved all her ETC to unknown areas at sub-$1 prices. Her ETC stash is thus worth around $6M at current prices.
In the past week the craziness of ETC trading has generated over $200M of trading.
Conclusion: On the ETC chain, the DAO thief is a drop in the bucket compared to the BTC outsiders that have flooded into the ETC chain at Poloniex.
On the ETC chain, the DAO hack is ancient history and has no real impact on what happens next to ETC.
Interesting ETC articles in TheMerkle:
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally think ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
http://themerkle.com/will-coinbase-have-enough-of-an-etc-supply-to-honor-its-promise/
http://themerkle.com/casper-may-cause-centralized-staking-by-rich-ethereum-holders/
The upcoming ETH switch to Casper is a key decision point for ETC. I personally think ETC should not follow ETH into becoming a Proof of Stake coin. If general agreement for this point could be reached now, it would be a powerful inducement for miners to switch from ETH to ETC now.
looking good here guys.
please dont assume fud this is serious..
where can i get info on the deo hacker and his next move with all his coins?
i really want to invest but want to learn more than i know.
thanks
please dont assume fud this is serious..
where can i get info on the deo hacker and his next move with all his coins?
i really want to invest but want to learn more than i know.
thanks
Have you been paid yet? Why not try https://etc.suprnova.cc
I'm sure you could PM ocminer if you need help. Give us feedback and/or revew so we can get display feedback on Classic Pools.
If a pool is not paying it will need to be removed from the list, have you contacted them?
Good luck!
There will be another 10% Bonus round on https://etc.suprnova.cc soon, get your rigs ready 
https://www.reddit.com/r/EthereumClassic/comments/4w8iqn/state_of_the_etc_state/
It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
Wheres the FUD now?
Thx for this job, u and all dev team.
I apreciate this, working for the community!
Keep doing this good work guys!
Gogogo etc, ever descentralizad!
https://www.reddit.com/r/EthereumClassic/comments/4w8iqn/state_of_the_etc_state/
It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
wow nice update dev i think this one will make a huge impact again to those who's supporting this project aiming .01 can be possible to be reach and price stability together with the project will be seen any time now. good luck dev keep it up. It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
https://www.reddit.com/r/EthereumClassic/comments/4w8iqn/state_of_the_etc_state/
It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
It has been a busy last few days. The current development focus is dividing effort between de-forking essential programs, organizing marketing, and web development.
Whatisgravity released the first build of the deforked mist wallet last night for testing. Work is ongoing on pyethereum and I have seen geth and others are under repair also. Matt and Elaine are working on an improved block explorer back end, front end improvements are on track as well(gasstracker.io is great also type gastracker.io/addr/yourwallet to get balance). The javascript wallet is up at:ClassicEtherWallet.com for paper wallets and accounts. If anyone would like to help, all are welcome at: github.com/ethereumproject
The ‘good looking’ webpage is near completion, the face-lift will add legitimacy to the site. The "marketing team" is preparing a whitepaper and "declaration of Independence" of sorts. Several Meetups are in the works, twitter chatter is shifting from petty eth-etc meme-wars to news and trading. The slack channel has reached over 500 now. With any luck all the SM channels can coordinate the launch of the white paper + website + functional wallets at the same time
That's the state of the state more or less; not bad for a week or so and an ad hoc bunch of hackers, pirates, programmers, and anarchists uniting together to stand on principle
@greenuser
*W@LL€T T€$T* If you want to test your wallet, you can send any amount to the following addresses. PM me with RETURN ADDRESS, & i will send 50% of it back to you!
Bitcoin: 1M25dzkoHCb5NPnqW6bTJBkW7zdUwX2NyG Groestlcoin: FebdygeRyBtunJ4gYHQ4Wv7BeALqo8gpTh Feathercoin: 6gTcFMDZeJRL4tgJbnHQDjXZe8Gm7kKaT8 Litecoin: LLomZxKdg1byPPdtn3btzGLGuuookAZ1nT Ethereum: 0x4f28BD4042593aAc0583722247E1Dd6969f48Ed3 THANK YOU FOR USING *W@LL€T T€$T*
I want to do a wallet test - but you dont have any ETC wallet?
Just an ETH wallet? What do I do? Send to your ETH address?
*W@LL€T T€$T* If you want to test your wallet, you can send any amount to the following addresses. PM me with RETURN ADDRESS, & i will send 50% of it back to you!
Bitcoin: 1M25dzkoHCb5NPnqW6bTJBkW7zdUwX2NyG Groestlcoin: FebdygeRyBtunJ4gYHQ4Wv7BeALqo8gpTh Feathercoin: 6gTcFMDZeJRL4tgJbnHQDjXZe8Gm7kKaT8 Litecoin: LLomZxKdg1byPPdtn3btzGLGuuookAZ1nT Ethereum: 0x4f28BD4042593aAc0583722247E1Dd6969f48Ed3 THANK YOU FOR USING *W@LL€T T€$T*
I want to do a wallet test - but you dont have any ETC wallet?
Just an ETH wallet? What do I do? Send to your ETH address?
Don't send to my ETC address, you may lose your etc. I am working on it. Have had so much on of late and need to update my footer. I will help you later today as i will list a public wallet, watch my footer for info. You will be able to send a very small amount if you choose, just to check your wallet is good. If you PM me in a couple of hours i will sort it. Hope this has not inconvenienced you.
Thank you for bringing that to my attention,
What would be the best pool to mine with 90MH/s ?
And next question.. why only 90MH/s with 5 x r9 280x ?
Undervolted, not overclocked.
I tried it with the normal bios (not undervolted) but with the same hashrate.
Should i overclock?
And next question.. why only 90MH/s with 5 x r9 280x ?
Undervolted, not overclocked.
I tried it with the normal bios (not undervolted) but with the same hashrate.
Should i overclock?
@greenuser
*W@LL€T T€$T* If you want to test your wallet, you can send any amount to the following addresses. PM me with RETURN ADDRESS, & i will send 50% of it back to you!
Bitcoin: 1M25dzkoHCb5NPnqW6bTJBkW7zdUwX2NyG Groestlcoin: FebdygeRyBtunJ4gYHQ4Wv7BeALqo8gpTh Feathercoin: 6gTcFMDZeJRL4tgJbnHQDjXZe8Gm7kKaT8 Litecoin: LLomZxKdg1byPPdtn3btzGLGuuookAZ1nT Ethereum: 0x4f28BD4042593aAc0583722247E1Dd6969f48Ed3 THANK YOU FOR USING *W@LL€T T€$T*
I want to do a wallet test - but you dont have any ETC wallet?
Just an ETH wallet? What do I do? Send to your ETH address?
*W@LL€T T€$T* If you want to test your wallet, you can send any amount to the following addresses. PM me with RETURN ADDRESS, & i will send 50% of it back to you!
Bitcoin: 1M25dzkoHCb5NPnqW6bTJBkW7zdUwX2NyG Groestlcoin: FebdygeRyBtunJ4gYHQ4Wv7BeALqo8gpTh Feathercoin: 6gTcFMDZeJRL4tgJbnHQDjXZe8Gm7kKaT8 Litecoin: LLomZxKdg1byPPdtn3btzGLGuuookAZ1nT Ethereum: 0x4f28BD4042593aAc0583722247E1Dd6969f48Ed3 THANK YOU FOR USING *W@LL€T T€$T*
I want to do a wallet test - but you dont have any ETC wallet?
Just an ETH wallet? What do I do? Send to your ETH address?
Hi guys, i have a question. ETC (original Ethereum blockchain) will continue in Geth (oppose-dao-fork)? https://github.com/ethereum/go-ethereum/releases/tag/v1.4.10
What solves ETH fork? Issue DAO only?
What solves ETH fork? Issue DAO only?
ETC leadership? Who declared himself leader and took that mantle? As far as I know there is no "leader" here. If there was one declaring himself as someone who can call the shots then it will be good to discourage everyone to follow him. If it was really for the good of the original Ethereum classic that this new "leader" wanted he would allow improvements and inputs from people such as Charles.
What makes you think he will be male? So many people are quick to judge, quick to anger, but slow to understand. This coin is different my friends and everyone knows it, they just don't want to say it yet.
I understand that Charles came to help. He wants us to have a spokes person, a voice, someone who can represent the little people when up against the crypto giants.
Now the eth team are worried that Classic will deliver immutable contracts to the people instead of to the banksters. Wow, this is part of the insurrection against banker occupation. We are making history. Classic will be the peoples coin.
Like I said, "If we build it, they will come". And they are!
only to say : "Full ACC"
ETC leadership? Who declared himself leader and took that mantle? As far as I know there is no "leader" here. If there was one declaring himself as someone who can call the shots then it will be good to discourage everyone to follow him. If it was really for the good of the original Ethereum classic that this new "leader" wanted he would allow improvements and inputs from people such as Charles.
What makes you think he will be male? So many people are quick to judge, quick to anger, but slow to understand. This coin is different my friends and everyone knows it, they just don't want to say it yet.
I understand that Charles came to help. He wants us to have a spokes person, a voice, someone who can represent the little people when up against the crypto giants.
Now the eth team are worried that Classic will deliver immutable contracts to the people instead of to the banksters. Wow, this is part of the insurrection against banker occupation. We are making history. Classic will be the peoples coin.
Like I said, "If we build it, they will come". And they are!
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