Smart contracts explained
What is the point of a smart contract if the loser can fork the chain?
Topic: [ANN] Ethereum: Welcome to the Beginning - page 690. (Read 2007155 times)
What is the point of a smart contract if the loser can fork the chain?
Smart contracts explained
https://blockchainhub.net/blog/infographics/smart-contracts-explained/
On blockchains like Ethereum, smart contracts are a pice of code running on top of the blockchain protocols that where the rules of a transaction are embedded into the code, and automatically enforced once all parties to the smart contract meet the pre-defined rules. Smart contracts can radically reduce transaction costs of reaching an agreement, formalisation and enforcement of relationships between people, institutions and the assets they own, by standardising transaction rules. The transaction rulesets (agreement) of the smart contract define the conditions – rights and obligations – to which parties to a smart contract consent. They are often pre-defined, and agreement is reached by simple opt-in actions. They are formalised in digital form, in machine-readable code (formalisation). These rights and obligations established in the smart contract can now be automatically executed by a computer or a network of computers as soon as the parties have come to an agreement and met the conditions of the agreement (enforcement). This auto enforceable code of the blockchain layer, as well as the smart contract layer, radically reduces transaction costs, replacing traditional middle men with machine consensus.
https://blockchainhub.net/blog/infographics/smart-contracts-explained/
On blockchains like Ethereum, smart contracts are a pice of code running on top of the blockchain protocols that where the rules of a transaction are embedded into the code, and automatically enforced once all parties to the smart contract meet the pre-defined rules. Smart contracts can radically reduce transaction costs of reaching an agreement, formalisation and enforcement of relationships between people, institutions and the assets they own, by standardising transaction rules. The transaction rulesets (agreement) of the smart contract define the conditions – rights and obligations – to which parties to a smart contract consent. They are often pre-defined, and agreement is reached by simple opt-in actions. They are formalised in digital form, in machine-readable code (formalisation). These rights and obligations established in the smart contract can now be automatically executed by a computer or a network of computers as soon as the parties have come to an agreement and met the conditions of the agreement (enforcement). This auto enforceable code of the blockchain layer, as well as the smart contract layer, radically reduces transaction costs, replacing traditional middle men with machine consensus.
All this fake hype just hurts ethf more
HAHAHAAre you still here crying?
Havent you hurt ETC enough?
Really?
Imagine how many people who has ignored ETC because of your childish behaviour from the start...
You have probably cost ETC more than anyone else.
Etc is stable and has a long future
and without you and the rest of the shitkids .. it might be taken serious.
I guess you guys have atleast halfed its value.
All this fake hype just hurts ethf more
HAHAHAAre you still here crying?
Havent you hurt ETC enough?
Really?
Imagine how many people who has ignored ETC because of your childish behaviour from the start...
You have probably cost ETC more than anyone else.
Etc is stable and has a long future
All this fake hype just hurts ethf more
HAHAHAAre you still here crying?
Havent you hurt ETC enough?
Really?
Imagine how many people who has ignored ETC because of your childish behaviour from the start...
You have probably cost ETC more than anyone else.
Thank you for your reply
I want to know who can solve this problem and my lost.
I want to know who can solve this problem and my lost.
And I think that this kind of problem can be occurred on every ETH tokens.
#P2P #power xchange demo w. smart agents & @ethereumproject by @gridsingularity @brainbot_tech 
https://twitter.com/JSegalotto/status/831888714121019392
World’s First Gold-Backed Blockchain Debit Card To Be Built By DigixGlobal, Monolith
https://cointelegraph.com/news/worlds-first-gold-backed-blockchain-debit-card-to-be-built-by-digixglobal-monolith
https://twitter.com/JSegalotto/status/831888714121019392
World’s First Gold-Backed Blockchain Debit Card To Be Built By DigixGlobal, Monolith
https://cointelegraph.com/news/worlds-first-gold-backed-blockchain-debit-card-to-be-built-by-digixglobal-monolith
I am not that deep into the whole Ethereum topic yet. I work to get more knowledge about the environment and I plan to buy a bunch of coins. On my research I found an two day old article (1) about J.P. Morgan, Santander and others joining a consortium for Ethereum based developments.
What they need is a forkable chain. That is why they will not join bitcoin or classic ethereum. They will join ethereum fork and try to do their business as usual. ETHF already proved they can successfully bail out failed investors. Perfect for actors like J.P. Morgan, Santander etc.
I am not that deep into the whole Ethereum topic yet. I work to get more knowledge about the environment and I plan to buy a bunch of coins. On my research I found an two day old article (1) about J.P. Morgan, Santander and others joining a consortium for Ethereum based developments. The article tells something about private Ethereum chains. As far as I know, those private chains only run on an intern company-wide (or consortium-wide) network. I guess it does only have some interfaces to the mainchain (actual Ethereum blockchain) to write data, right? Nevertheless, most data and transfers are done within the private chain. Do such private chains help Ethereum or are they longterm dangers for the project because the real chain is getting more and more useless?
(1) http://www.coindesk.com/jp-morgan-santander-said-join-enterprise-ethereum-blockchain-group/
(1) http://www.coindesk.com/jp-morgan-santander-said-join-enterprise-ethereum-blockchain-group/
Quote
https://media.consensys.net/the-birth-of-enterprise-ethereum-in-2017-ebe7f7abed92#.opn5b5pu9
Moreover, Enterprise Ethereum will build upon the current Ethereum scaling roadmap and maintain compatibility and interoperability with public Ethereum. In fact, we believe Enterprise Ethereum will contribute significantly to the overall development of Ethereum.
Moreover, Enterprise Ethereum will build upon the current Ethereum scaling roadmap and maintain compatibility and interoperability with public Ethereum. In fact, we believe Enterprise Ethereum will contribute significantly to the overall development of Ethereum.
I am not that deep into the whole Ethereum topic yet. I work to get more knowledge about the environment and I plan to buy a bunch of coins. On my research I found an two day old article (1) about J.P. Morgan, Santander and others joining a consortium for Ethereum based developments. The article tells something about private Ethereum chains. As far as I know, those private chains only run on an intern company-wide (or consortium-wide) network. I guess it does only have some interfaces to the mainchain (actual Ethereum blockchain) to write data, right? Nevertheless, most data and transfers are done within the private chain. Do such private chains help Ethereum or are they longterm dangers for the project because the real chain is getting more and more useless?
(1) http://www.coindesk.com/jp-morgan-santander-said-join-enterprise-ethereum-blockchain-group/
(1) http://www.coindesk.com/jp-morgan-santander-said-join-enterprise-ethereum-blockchain-group/
The Next Wave of Ethereum Applications is Almost Here - CoinDesk
The next wave of ETHF forks is almost here as well.
The Next Wave of Ethereum Applications is Almost Here - CoinDesk
http://www.coindesk.com/next-wave-blockchain-ethereum-applications-almost/
(...)
Over the last few months, a number of long-anticipated ethereum projects have entered alpha and beta, including uPort, which aims to hand users more control of their online identity, and Akasha, a social media app that's been two years in the making.
(...)
The Raiden Network, a must for any project looking for serious scale, is aimed at boosting the number of possible transactions and some types of smart contracts on ethereum. It's scheduled for a minimal release in 2017 — perhaps as soon as March
(...)
The new phase for dapps perhaps go hand-in-hand with lower-level fine-tuning as protocol developers gear up for Metropolis, a more advanced version of ethereum expected for release this year.
worth read
The great cryptocurrency heist
Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There's just one problem: trust
https://aeon.co/essays/trust-the-inside-story-of-the-rise-and-fall-of-ethereum
The great cryptocurrency heist
Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There's just one problem: trust
https://aeon.co/essays/trust-the-inside-story-of-the-rise-and-fall-of-ethereum
Let me add another recommended video to watch
THE COMPANY WHICH CONSISTS ONLY OF COMPUTER CODE |
@TEDxGraz CHRISTOPH JENTZSCH
https://www.youtube.com/watch?v=EJrPW3254wg
worth read
The great cryptocurrency heist
Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There's just one problem: trust
https://aeon.co/essays/trust-the-inside-story-of-the-rise-and-fall-of-ethereum
The great cryptocurrency heist
Blockchain enthusiasts crave a world without bankers, lawyers or fat-cat executives. There's just one problem: trust
https://aeon.co/essays/trust-the-inside-story-of-the-rise-and-fall-of-ethereum
https://media.consensys.net/the-birth-of-enterprise-ethereum-in-2017-ebe7f7abed92#.opn5b5pu9
Quote
Moreover, Enterprise Ethereum will build upon the current Ethereum scaling roadmap and maintain compatibility and interoperability with public Ethereum. In fact, we believe Enterprise Ethereum will contribute significantly to the overall development of Ethereum.
http://www.coindesk.com/jp-morgan-santander-said-join-enterprise-ethereum-blockchain-group/
Quote
. According to sources, participating firms include JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum, among others.
Blockchain startups BlockApps, Brainbot Technologies, ConsenSys, Nuco and Tendermint – as well as the Ethereum Foundation, the non-profit that oversees its code creation – are also said to be involved.
Blockchain startups BlockApps, Brainbot Technologies, ConsenSys, Nuco and Tendermint – as well as the Ethereum Foundation, the non-profit that oversees its code creation – are also said to be involved.
"CITY OF THE FUTURE"
ConsenSys Reveals Blockchain Future at Dubai Government Summit
https://cointelegraph.com/news/consensys-reveals-blockchain-future-at-dubai-government-summit
https://en.wikipedia.org/wiki/ConsenSys
UAE is building city on Mars? So freaking rich!!
https://twitter.com/WorldGovSummit/status/831454119818838017
#Parity's @gavofyork introducing #Polkadot, #Ethereum and #blockchain at #eventhorizon2017 @eventhorizonx
https://twitter.com/ParityTech/status/831461139452133378
A great analysis on #Blockchain by @VitalikButerin #EventHorizon #Energy #Decentralized
https://twitter.com/EvaKaili/status/831470310868340736
https://twitter.com/ParityTech/status/831461139452133378
A great analysis on #Blockchain by @VitalikButerin #EventHorizon #Energy #Decentralized
https://twitter.com/EvaKaili/status/831470310868340736
Thank you for your reply
I want to know who can solve this problem and my lost.
I want to know who can solve this problem and my lost.
Hello, members.
I'm very upset and I want to cry.
Because I have nonsence situation.
And I don't know how to explain this foolish situation.
😭
I sent 25000 1ST to Yunbi exchange.
But I sent it to ETH address of Yunbi, not 1ST address.
It's my fault.
But transaction is confirmed normally with out any problem surely.
https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
So I requested Yunbi to move my 25000 1ST to my 1ST address in Yunbi.
But Yunbi said that
"IT'S LOCK IN FOREVER. NO BODY CAN ACCESS THE TOKENS."
Following is a content of email Yunbi sent :
=================================
Hello Sir,
I am Mike from YUNBI exchange.
I heard you have 1 deposit of 1ST but didn't credit on your account.
After YUNBI's engineer check it carefully, we think we have find the problem.
You falsely used your ETH address as a receive address for your 1ST.
Here is the transaction history: https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
The 25,696.95671504 1ST are locked in that ETH address forever, nobody can find them back.
I am sorry, the ethereum wallet cannot support that function at this version.
Thanks for your understanding.
Regards.
====================================
The latest version.
I mean the ETH wallet cannot support this function.
If you know how to release the token, we would glad to learn and help you release your token later.
Regards.
Mike
====================================
Hello,
Sorry, as an exchange, we cannot give you the private key of the Ethereum Wallet.
There are very little ETH wallets, all of them are controlled by exchange.
Not every user has a wallet.
Regards.
Mike
=====================================
I'm not a engineer, so I don't know why this situation is occurred and which technical issue is involved in this problem.
But, the confirm process has no errors.
And my tokens is in Yunbi's my ETH address normally.
Some of members in my private community guess that two items.
#1
Yunbi's ETH wallet address is not direct address but contract address.
If Yunbi use direct address, this inaccessible accident can not be occurred and Yunbis developer can solve this problem by hand.
#2
First Blood token has no refund code to solve this kind of user fault.
I don't know What is the fundamental problem and Who is responsible for this my loss.
Yes i am partly responsible for this situation, but Yunbi and First Blood team also.
Most of First blood fans are not a specialist of Ethereum and ETH Tokens.
So exchange and First Blood developer must consider user's various type of actions when they deposit/withdrawal tokens.
It's not to hold somebody to account for this situation.
What I want is just recover my precious 1ST tokens.
I believe that 1ST will change the game industry in the world.
So I don't want to post this problem in public space like Reddit, Twitter and Facebook if possible.
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
## I sent a email 1 week ago to First Blood team about this situation. But, I have no reply from them yet.
I'm very upset and I want to cry.
Because I have nonsence situation.
And I don't know how to explain this foolish situation.
😭
I sent 25000 1ST to Yunbi exchange.
But I sent it to ETH address of Yunbi, not 1ST address.
It's my fault.
But transaction is confirmed normally with out any problem surely.
https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
So I requested Yunbi to move my 25000 1ST to my 1ST address in Yunbi.
But Yunbi said that
"IT'S LOCK IN FOREVER. NO BODY CAN ACCESS THE TOKENS."
Following is a content of email Yunbi sent :
=================================
Hello Sir,
I am Mike from YUNBI exchange.
I heard you have 1 deposit of 1ST but didn't credit on your account.
After YUNBI's engineer check it carefully, we think we have find the problem.
You falsely used your ETH address as a receive address for your 1ST.
Here is the transaction history: https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
The 25,696.95671504 1ST are locked in that ETH address forever, nobody can find them back.
I am sorry, the ethereum wallet cannot support that function at this version.
Thanks for your understanding.
Regards.
====================================
The latest version.
I mean the ETH wallet cannot support this function.
If you know how to release the token, we would glad to learn and help you release your token later.
Regards.
Mike
====================================
Hello,
Sorry, as an exchange, we cannot give you the private key of the Ethereum Wallet.
There are very little ETH wallets, all of them are controlled by exchange.
Not every user has a wallet.
Regards.
Mike
=====================================
I'm not a engineer, so I don't know why this situation is occurred and which technical issue is involved in this problem.
But, the confirm process has no errors.
And my tokens is in Yunbi's my ETH address normally.
Some of members in my private community guess that two items.
#1
Yunbi's ETH wallet address is not direct address but contract address.
If Yunbi use direct address, this inaccessible accident can not be occurred and Yunbis developer can solve this problem by hand.
#2
First Blood token has no refund code to solve this kind of user fault.
I don't know What is the fundamental problem and Who is responsible for this my loss.
Yes i am partly responsible for this situation, but Yunbi and First Blood team also.
Most of First blood fans are not a specialist of Ethereum and ETH Tokens.
So exchange and First Blood developer must consider user's various type of actions when they deposit/withdrawal tokens.
It's not to hold somebody to account for this situation.
What I want is just recover my precious 1ST tokens.
I believe that 1ST will change the game industry in the world.
So I don't want to post this problem in public space like Reddit, Twitter and Facebook if possible.
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
## I sent a email 1 week ago to First Blood team about this situation. But, I have no reply from them yet.
^see this is why vatilik should be posting here still...when Vitalik comes back bitcoin will pump to $5000+ easy!! :-D
Hello, members.
I'm very upset and I want to cry.
Because I have nonsence situation.
And I don't know how to explain this foolish situation.
😭
I sent 25000 1ST to Yunbi exchange.
But I sent it to ETH address of Yunbi, not 1ST address.
It's my fault.
But transaction is confirmed normally with out any problem surely.
https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
So I requested Yunbi to move my 25000 1ST to my 1ST address in Yunbi.
But Yunbi said that
"IT'S LOCK IN FOREVER. NO BODY CAN ACCESS THE TOKENS."
Following is a content of email Yunbi sent :
=================================
Hello Sir,
I am Mike from YUNBI exchange.
I heard you have 1 deposit of 1ST but didn't credit on your account.
After YUNBI's engineer check it carefully, we think we have find the problem.
You falsely used your ETH address as a receive address for your 1ST.
Here is the transaction history: https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
The 25,696.95671504 1ST are locked in that ETH address forever, nobody can find them back.
I am sorry, the ethereum wallet cannot support that function at this version.
Thanks for your understanding.
Regards.
====================================
The latest version.
I mean the ETH wallet cannot support this function.
If you know how to release the token, we would glad to learn and help you release your token later.
Regards.
Mike
====================================
Hello,
Sorry, as an exchange, we cannot give you the private key of the Ethereum Wallet.
There are very little ETH wallets, all of them are controlled by exchange.
Not every user has a wallet.
Regards.
Mike
=====================================
I'm not a engineer, so I don't know why this situation is occurred and which technical issue is involved in this problem.
But, the confirm process has no errors.
And my tokens is in Yunbi's my ETH address normally.
Some of members in my private community guess that two items.
#1
Yunbi's ETH wallet address is not direct address but contract address.
If Yunbi use direct address, this inaccessible accident can not be occurred and Yunbis developer can solve this problem by hand.
#2
First Blood token has no refund code to solve this kind of user fault.
I don't know What is the fundamental problem and Who is responsible for this my loss.
Yes i am partly responsible for this situation, but Yunbi and First Blood team also.
Most of First blood fans are not a specialist of Ethereum and ETH Tokens.
So exchange and First Blood developer must consider user's various type of actions when they deposit/withdrawal tokens.
It's not to hold somebody to account for this situation.
What I want is just recover my precious 1ST tokens.
I believe that 1ST will change the game industry in the world.
So I don't want to post this problem in public space like Reddit, Twitter and Facebook if possible.
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
## I sent a email 1 week ago to First Blood team about this situation. But, I have no reply from them yet.
I'm very upset and I want to cry.
Because I have nonsence situation.
And I don't know how to explain this foolish situation.
😭
I sent 25000 1ST to Yunbi exchange.
But I sent it to ETH address of Yunbi, not 1ST address.
It's my fault.
But transaction is confirmed normally with out any problem surely.
https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
So I requested Yunbi to move my 25000 1ST to my 1ST address in Yunbi.
But Yunbi said that
"IT'S LOCK IN FOREVER. NO BODY CAN ACCESS THE TOKENS."
Following is a content of email Yunbi sent :
=================================
Hello Sir,
I am Mike from YUNBI exchange.
I heard you have 1 deposit of 1ST but didn't credit on your account.
After YUNBI's engineer check it carefully, we think we have find the problem.
You falsely used your ETH address as a receive address for your 1ST.
Here is the transaction history: https://etherscan.io/tx/0xdee52d31f284be1e5f68a462ef31815e2e9c985ed41e3d987f97d74eb3041215
The 25,696.95671504 1ST are locked in that ETH address forever, nobody can find them back.
I am sorry, the ethereum wallet cannot support that function at this version.
Thanks for your understanding.
Regards.
====================================
The latest version.
I mean the ETH wallet cannot support this function.
If you know how to release the token, we would glad to learn and help you release your token later.
Regards.
Mike
====================================
Hello,
Sorry, as an exchange, we cannot give you the private key of the Ethereum Wallet.
There are very little ETH wallets, all of them are controlled by exchange.
Not every user has a wallet.
Regards.
Mike
=====================================
I'm not a engineer, so I don't know why this situation is occurred and which technical issue is involved in this problem.
But, the confirm process has no errors.
And my tokens is in Yunbi's my ETH address normally.
Some of members in my private community guess that two items.
#1
Yunbi's ETH wallet address is not direct address but contract address.
If Yunbi use direct address, this inaccessible accident can not be occurred and Yunbis developer can solve this problem by hand.
#2
First Blood token has no refund code to solve this kind of user fault.
I don't know What is the fundamental problem and Who is responsible for this my loss.
Yes i am partly responsible for this situation, but Yunbi and First Blood team also.
Most of First blood fans are not a specialist of Ethereum and ETH Tokens.
So exchange and First Blood developer must consider user's various type of actions when they deposit/withdrawal tokens.
It's not to hold somebody to account for this situation.
What I want is just recover my precious 1ST tokens.
I believe that 1ST will change the game industry in the world.
So I don't want to post this problem in public space like Reddit, Twitter and Facebook if possible.
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
PLEASE, PLEASE, HELP ME,..
## I sent a email 1 week ago to First Blood team about this situation. But, I have no reply from them yet.
i feel sorry for your lost...
Jump to: