Topic: [ANN] Ethereum: Welcome to the Beginning - page 799. (Read 2006413 times)

the loss at Bitfinex has been globalized to 36 % of all assets of the exchange.

http://www.zerohedge.com/news/2016-08-07/first-bitcoin-bail-all-bitfinex-users-lose-36-shared-loss-after-historic-hack

Not really,

Non-commercial mining is about accumulation for events e.g. Block Halvings or Changes like going over too POS or implementation of New Features.

As long as you know there is going to be Events by the development team for a Crypto-Currency - your net Alt Coin valuation will show healthy profits or increases in valuation.

For example: With single R9 290 overclocked too 1100 MHZ, mining Ethereum from the beginning would have netted 240 plus ETH.

However, most of those 240 ETH would have been mined last year, before everyone started buying new GPUs.

Therefore, had you mined and sold last year you would have made a large loss, when compared to the price this year.

A commercial farm, has too sell a fixed %, therefore commercial farms have made much bigger losses than everybody else, when they do this comparison: on the ETH they sold last year.

This observation applies to all POW Cryptos, look at BTC sold off by commercial farms between Janurary 2015 to June 2015.

Yelp, lots of BTC commercial farm owners must be crying themselves to sleep this year!

Consequently, it is a balance system.

The advantage of non-commercial miners is: accumulation when the price is an undervaluation. This advantage is reduced considerably, for commercial farm owners.

Secondly, the free mining software has been very good for a very long-time on ETH.

The differential between private mining software and the free mining software has been well within an acceptable tolerance of a 10% differential.

The Ethereum Foundation has produced a much fairer outcome between the commercial farm owners and non-commercial miners.

hmm is that the key to be alowed here ? to post something useful for the ethereum foundation?
hmmm doesnt say it in the title .

and like i said the title is not Welcome only if you agree with us.
or it does not say elite memebers only or it does not say promotion threat for etH or no ETC holders wanted.

or stay out of here if you have a brain and use it.

Better give the money to the big mining farms and pools, right?


Its really not much difference.
The ones with MUCH resources will ALWAYS be the ones to  benefit.


With PoS they just buy coins.

With PoW they buy gpus.



A home miner maybe has 1-3 gpus's.
While serious miner has 100s.

I'm just curious, are you ever going to post something useful to the Ethereum Foundation's supported ETH?

beouse its  a free world ?
the title is "welcome to the beginning"
not welcome to all that agree with every thing we do

Why would ethtards want pos where the whales get richer? It makes no sense, it reminds me of gawtards

There is no firm schedule for the PoS on ETH yet. I think the PoW will last for another 12 months at least.

Yeah Mr heinzketchup guy, you fail to see the point (as expected being pro eth no matter what) I don't like people who say one thing and do another, especially after taking a shit load of other people's money. That's called a scam no matter how you word it. Bailouts due to bad programming are OK with you? Lol, well that's how you end up being a bagholder. The other thing that many of you refuse to grasp is that the blockchain is the technology that allows cryptocurrency to function, expecting everyone to just say oh shit people will lose money let's just throw out the whole integrity of the system and save them is a very naive position to have in this "experiment"  and this whole bit about eth being a threat to bitcoin? Baahaahaa this is where you really fail to grasp what myself and others are getting at, I'm not loyal to any cryptocurrency, and I am not into taking a side on something self serving to benefit my "investment" I have equal amounts of eth and etc that I got cheap when the premine was sold off, the etc was free. I've made plenty of money in crypto, I could care less about the price of either. Your entitled to your opinion and so am I, eth (foundation and devs) have proven themselves to be untrustworthy and willing to try and control the blockchain for their own benefit. You have been around, you know this is not a good thing just as much as I do.

its just a fair demand i would say.
the white hat attackerrs never intendet to keep that etc or they would be as criminal as the black hat attacker in there own perspectiv ?

how is it going?

Attributing to me a pro-socialized losses position wrt Bitfinex I never took is bound to cause annoyance.

If you wish to celebrate your strawman-at-best trolling-at-worst reaction creation, be my guest.   

Meanwhile, my actual position is that bailouts are wrong, whether for an exchange or The Dao.

Pretty funny, bitfinex will be dumping eth and coinbase had to buy etc

Consensus doesn't mean that everybody MUST agree. It's a voluntary agreement. ETH and ETC each have their own consensus and are successfully building their respective chains. That's how crypto works. If someone wants to fork BTC right now - they can go ahead and do it. And what hackers have to do with the "community"? If there is a vulnerability and money to be gained by exploiting it - someone will do it eventually, no matter what the community is or does.

Etherum lol the biggest scam of the 21st century.

ETC will have no choice but to fork as well pretty soon.

My comprehension despite your badly written English is actually perfectly fine. The logical fallacies have been explained to you, already.

The two Ethers can exist. Either could turn out to be crap, or both(probably both). ETH is still in infancy. Hell, even BTC is.

You have your personal preference and that's perfectly fine, but it changes nothing. ETH wrote one thing and did another. ETC followed the original plan. If you cannot accept that then I think you're the one having trouble comprehending things.


BTC would lose support. There would be a fork of some kind, surely. That's what open source and decentralized really means.

ahh must of hit some nails on the head ehh.  Come back so angry.. Maybe you need to relax.  http://www.floatingstl.com/  no i dont bother to read your history but thank you for clarifying.  I didnt mean to imply btc was going to be rolled back at all.. I know that is not possible.  well so we think lol.  You just havent had the right person get fucked yet.  Well anyway this is all fun and games dont get your panties in a bunch.  Also dont invest more than you can afford to lose;)

Best Regards
d57heinz

well eth did not roll back the chain either.  To me rolling back the chain would be going back to the block before the dao attack.  restoring the dao eth and then moving forward.  Obvious this cant happen as exchanges and all that transacted after would be screwed.  Thats a roll back to me.  This is more of an attempt to stay on what most see as the good side.  Look at the hashrate and you can see the consensus still stands.  I will not mine etc if it paid 100x eth prices.  As i know that this is only alive to make a mockery of the consensus mechanism.  I cant see how btc will ever grow/fork if this is how forks are treated.  Problem we have is the network needs to be decentralized.  NOT the community that runs the network.   If this doesnt stop it will all implode.  We cant have a coin for every person on the planet.  What use is that?  Its absurd and at some point cant we all come to some agreement to stop making new coins and just work on the ones we have already.  Stop thinking that since you have more time vested this is "your" baby now.> Ya im talking to you coders!  Its far past time to get along around here.  If this community wasnt so damn broken it wouldnt be such an easy target for hackers.  I dont know what the answer is but im at least thinking about it.  

Best Regards
d57heinz

LOL, as if I'm advocating a BTC hard fork to roll back and bail out Bitfinex losses?  Where did you get that idea (and pass it over 'ere).   

Slight difference: Bitfinex claimed to be insured and protected by known-good top-shelf security.  DAO?  Not so much....

You obviously have no idea what my opinion wrt Bitfinex is, yet don't hesitate to put conclusory words in my mouth and hold me accountable for them.

That's called a strawman.

I believe anyone risking BTC on any exchange, in order to possibly accrue reward from trading, has no right to expect ex post facto asset commingling and resultant socialized losses.

You'd know that if you weren't a noob and unfamiliar with my posting history, in which I put >1 exchange operator on full blast for pulling a Bitfinex (before it was cool).

Fuck you for making up stuff I don't agree with and attributing it to my paradigm.

I accept your apology for being a sorry sack of shit.