and farguson you are right there is to much an stake if they would do a hf now projects already running on eth but that was so when the dao hf was done too. sure there were smaller projects but they called it then colateral. and those projects had losses which never got repayed.
but its a good thing that ethereum fondation and vitalik now wont fork .
i wonder now what will happen with the whitehat funds. becouse as far as i know are the white hat funds back from the daohack are still not all payed back. its difficult to reach out to all the holders. some wont check that often . but that does not mean a comunity can decide to say if you dont claim it its ours .
that will be very interesting to watch now.
Topic: [ANN] Ethereum: Welcome to the Beginning - page 600. (Read 2006403 times)
Does anyone know why today the ETH price drops to 15%?
But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability??
You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...
No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.
IMHO some governments are thinking about tokenizing fiat especially in Asia because it's a way to make cashless transactions without having to trust a third party like Paypal or WeChat in China.
But it's certainly not for price stability yet as even the big cryptocurrencies are still very (VERY) volatile.
So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco.
It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore.
If your question was about whether or not an hard fork happening on the ETH blockchain should happen on the ETC blockchain, profitgenerator212 made a good point underlining that they are two different entities by know.
If your question was about why the stealth of 20 M$ worth happened on ETH and not on ETC, the answer is, IMHO, that the ETC blockchain isn't as valuable as ETH's (because of its marketcap but also because of some other points which were discussed 1 or 2 pages ago on this thread). This make ETH much more interesting to steal.
Plus Parity exists only for ETH, not for ETC.
etcdev team acomplished a lot since the dao hf the diff bomb, repay protection, the cap and they work on a new independet wallet emeralt, the iohk (charles hoskinson) works on rewriting the whole code and documenting it
there are projects planed but the comunity is very careful many of the icos on eth are looking like scams and etc can do what eth can but wont rush it
eth might get to big to fast there is a presure on the devs and all this icos remind me of the techbuble
plus eth seems to attrackt the banks, keep in mind banks had a monoply on money printing that is over since the blockchain was born.
first they fought it now they want to be part of it or take it over but fakt is now one can chose
But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability??
You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...
No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.
IMHO some governments are thinking about tokenizing fiat especially in Asia because it's a way to make cashless transactions without having to trust a third party like Paypal or WeChat in China.
But it's certainly not for price stability yet as even the big cryptocurrencies are still very (VERY) volatile.
So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco.
It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore.
If your question was about whether or not an hard fork happening on the ETH blockchain should happen on the ETC blockchain, profitgenerator212 made a good point underlining that they are two different entities by know.
If your question was about why the stealth of 20 M$ worth happened on ETH and not on ETC, the answer is, IMHO, that the ETC blockchain isn't as valuable as ETH's (because of its marketcap but also because of some other points which were discussed 1 or 2 pages ago on this thread). This make ETH much more interesting to steal.
Plus Parity exists only for ETH, not for ETC.
EDIT: an interesting point of view of Emin Gür Sirer on the Parity bug and more generally the fault in both Bitcoin's and Ethereum's app and a way to limit the risks of such faults by implementing a default-private option in Solidity.
So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
I don't think they will fork this time, that will cause too much chaos, too much time has passed since the fiasco.
It didnt happened on the ETC chain because the ETC chain is no longer ETH, it doesn't have the same ICO's as ETH does, so ETC is a separate entity and has nothing to do with ETH anymore.
So, when ETH will fork again?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
again almost 20 mil $ got stolen!
and why on the ETH chain and not on the ETC chain?
But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability??
You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...
No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.
But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Price stability??
No the purpose is visibly to tokenize fiat
Half-jokes aside, I think the tokenization of fiat is a good way to encourage adoption and, to continue the discussion with roselee, to avoid some HF which may seem a bit arbitrary. You can enter into God mode when you have just a bunch of unknown miners in front of you. You can't when you have 150+ entreprises and a few states.
Are you talking about how Vitalik has so much control over ETH, then I agree, more businesses should be behind this, to avoid arbitrary hardforks.
But not like this. Why the hell would people want a tokenized fiat? It makes no sense.
Why not just use the established cryptocurrencies for day to day payments...
Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways.
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
Wow so what now they want to put fiat money on the blockchain?
I thought the entire purpose was to get rid of fiat money, not to tokenize it
No the purpose is visibly to tokenize fiat
Half-jokes aside, I think the tokenization of fiat is a good way to encourage adoption and, to continue the discussion with roselee, to avoid some HF which may seem a bit arbitrary. You can enter into God mode when you have just a bunch of unknown miners in front of you. You can't when you have 150+ entreprises and a few states.
Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways.
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
Wow so what now they want to put fiat money on the blockchain?
I thought the entire purpose was to get rid of fiat money, not to tokenize it
Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the crypto’s technology could be used in innovative ways.
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
ETH might come crashing down if the Parity hacker starts selling his coins.
I am already selling some ETH just in case.
I am already selling some ETH just in case.
now there needs to come a hard fork to give that coins back
it has been said that the three addresses affected were addresses related to an incoming ICO !
Good one roselee
Please remember that the DAO hard fork was decided after (almost) consensus in the ETH community as wasn't the result of a so called God mode.
Moreover, the DAO owned 15% of all ETH when the bug in Parity's multisig we are facing here is only regarding 0.6% of all ETH (of which 3/4 has been rescued by the White hats group). Not that much at stake to even consider an hard fork here.
I see this other way what has happened over the last few days with two incidents. Developers behind those projects are also responsible for loss of money because they should give little time to check and make sure of the wallets they are using to store funds. Ethereum will not go through another fork for this amount of money.
now there needs to come a hard fork to give that coins back
it has been said that the three addresses affected were addresses related to an incoming ICO !
Good one roselee
Please remember that the DAO hard fork was decided after (almost) consensus in the ETH community as wasn't the result of a so called God mode.
Moreover, the DAO owned 15% of all ETH when the bug in Parity's multisig we are facing here is only regarding 0.6% of all ETH (of which 3/4 has been rescued by the White hats group). Not that much at stake to even consider an hard fork here.
What would you say is the mainpoints of ETH over ETC? Is there really any difference at all besides the first being more expensive than the latter? What do you guys think.
For everything, it will take some time to get reputable in the market. ETH is very popular because most of the companies are going with ETH in the form of smart contract. Only very few companies have launched under ETC blockchain but still, there are huge chances that the price of ETC will increase in future.
Good luck. Thanks for explaining. I was very tentative about it before, now I fully understand.
now there needs to come a hard fork to give that coins back
it has been said that the three addresses affected were addresses related to an incoming ICO !
What would you say is the mainpoints of ETH over ETC? Is there really any difference at all besides the first being more expensive than the latter? What do you guys think.
Yes, there is huge difference when it comes to see which is being used and invested in , heavily by big investors. Being similar doesn't make ETC to compete with ETH and it will never do. It will work under ETH continuously as altcoin do for Bitcoin just like LTC. Someone already explained some big points why ETH is more important than ETC.
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