Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 981. (Read 2006108 times)

ImI
legendary
Activity: 1946
Merit: 1019
it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.

I was just thinking about that a few days ago.

How could they stop you from sending your ETH to PoloniEx, sell them, buy other ETH, send them back to the wallet and stake?
Or won't they stake? So if you buy "second hand" ETH, they may not stake? Lol... Just showing some scenarios...

I just don't see how you could prevent someone from moving his ETH around and start staking again?

Or do your ETH need to be in a wallet for a long period of time before they can stake?



possible that the coins that staked get a timestamp that says when they will be allowed to stake again.

Imagine they do, why would anyone buy ETH to hold for staking?

Because when you buy them, you don't know the timestamps of the ETH you buy and they would all be different.

Unless someone can explain it, I don't see how this could work.

possible would be a exchange-system that gives you a ETH price + additional pricing based on the last staking-timestamp
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
https://blog.ethereum.org/2016/03/05/serenity-poc2/  more details here

technical
Serenity PoC2
Posted by Vitalik Buterin on March 5th, 2016.
More precise validator induction rules – maximum 250 validators, minimum ether amount starts off at 1250 ETH and goes up hyperbolically with the formula min = 1250 * 250 / (250 - v) where v is the current active number of validators (ie. if there are 125 validators active, the minimum becomes 2500 ETH, if there are 225 validators active it becomes 12500 ETH, if there are 248 validators active it becomes 156250 ETH). When you are inducted, you can make bets and earn profits for up to 30 million seconds (~1 year), and after that point a special penalty of 100 parts per billion per block starts getting tacked on, making further validation unprofitable; this forces validator churn



Now in English? Tongue
legendary
Activity: 2758
Merit: 1075
https://blog.ethereum.org/2016/03/05/serenity-poc2/  more details here

technical
Serenity PoC2
Posted by Vitalik Buterin on March 5th, 2016.
More precise validator induction rules – maximum 250 validators, minimum ether amount starts off at 1250 ETH and goes up hyperbolically with the formula min = 1250 * 250 / (250 - v) where v is the current active number of validators (ie. if there are 125 validators active, the minimum becomes 2500 ETH, if there are 225 validators active it becomes 12500 ETH, if there are 248 validators active it becomes 156250 ETH). When you are inducted, you can make bets and earn profits for up to 30 million seconds (~1 year), and after that point a special penalty of 100 parts per billion per block starts getting tacked on, making further validation unprofitable; this forces validator churn

legendary
Activity: 2212
Merit: 1038
Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

...but Butters has promised punch and pie with a $10k floor!
sr. member
Activity: 288
Merit: 250
Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

Nice try buddy. Eth is allready bigger than btc, we are just waiting for price adjustment. Eth is superior in every aspect, price/market cap will follow soon.
newbie
Activity: 31
Merit: 0
Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

Why do you say that?
newbie
Activity: 29
Merit: 0
Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.

I was just thinking about that a few days ago.

How could they stop you from sending your ETH to PoloniEx, sell them, buy other ETH, send them back to the wallet and stake?
Or won't they stake? So if you buy "second hand" ETH, they may not stake? Lol... Just showing some scenarios...

I just don't see how you could prevent someone from moving his ETH around and start staking again?

Or do your ETH need to be in a wallet for a long period of time before they can stake?



possible that the coins that staked get a timestamp that says when they will be allowed to stake again.

Imagine they do, why would anyone buy ETH to hold for staking?

Because when you buy them, you don't know the timestamps of the ETH you buy and they would all be different.

Unless someone can explain it, I don't see how this could work.
ImI
legendary
Activity: 1946
Merit: 1019
it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.

I was just thinking about that a few days ago.

How could they stop you from sending your ETH to PoloniEx, sell them, buy other ETH, send them back to the wallet and stake?
Or won't they stake? So if you buy "second hand" ETH, they may not stake? Lol... Just showing some scenarios...

I just don't see how you could prevent someone from moving his ETH around and start staking again?

Or do your ETH need to be in a wallet for a long period of time before they can stake?



possible that the coins that staked get a timestamp that says when they will be allowed to stake again.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.

I was just thinking about that a few days ago.

How could they stop you from sending your ETH to PoloniEx, sell them, buy other ETH, send them back to the wallet and stake?
Or won't they stake? So if you buy "second hand" ETH, they may not stake? Lol... Just showing some scenarios...

I just don't see how you could prevent someone from moving his ETH around and start staking again?

Or do your ETH need to be in a wallet for a long period of time before they can stake?

newbie
Activity: 77
Merit: 0
it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.
sr. member
Activity: 332
Merit: 250
I hope the price goes up to 20$ soon! Eth is really good technology!

If it goes up to $20 in the next few months, I will sell most of my Ethereum. If it goes to $20 in a year, I will keep most of mine.
newbie
Activity: 42
Merit: 0
I hope the price goes up to 20$ soon! Eth is really good technology!
sr. member
Activity: 350
Merit: 250
http://www.coinfox.info/news/5171-ethereum-founder-now-we-can-scale-the-system
 Shocked Ethereum founder: Now we can scale the system  Shocked
Founder of Ethereum Vitalik Buterin claims he has found the ultimate solution to the problem of scalability haunting cryptocurrency networks. That will be made possible with lightning networks and sharding.


If ETH pulls this off, the world of crypto will never be the same.

If that new? That idea has been around for many years? Bitcoin is going to use the lightning network.
I am hoping the implementation of this idea succeeds.
sr. member
Activity: 407
Merit: 254
http://www.coinfox.info/news/5171-ethereum-founder-now-we-can-scale-the-system
 Shocked Ethereum founder: Now we can scale the system  Shocked
Founder of Ethereum Vitalik Buterin claims he has found the ultimate solution to the problem of scalability haunting cryptocurrency networks. That will be made possible with lightning networks and sharding.


If ETH pulls this off, the world of crypto will never be the same.

If that new? That idea has been around for many years? Bitcoin is going to use the lightning network.
that depends on how the miners in China feel about it.
sr. member
Activity: 242
Merit: 250
http://www.coinfox.info/news/5171-ethereum-founder-now-we-can-scale-the-system
 Shocked Ethereum founder: Now we can scale the system  Shocked
Founder of Ethereum Vitalik Buterin claims he has found the ultimate solution to the problem of scalability haunting cryptocurrency networks. That will be made possible with lightning networks and sharding.


If ETH pulls this off, the world of crypto will never be the same.

If that new? That idea has been around for many years? Bitcoin is going to use the lightning network.
newbie
Activity: 45
Merit: 0
Looks like I'm late to the party again. I should have bought this coins when it was cheap Sad
sr. member
Activity: 430
Merit: 253
VeganAcademy
does the geth >> /home/spex/ethereum.log method log blocks found even if they orphan?

just discovered i may be calculating my estimated time to finding a block and wondering why its been dry so long.

variance aside what tools are at a solo miners disposal using geth?
legendary
Activity: 2758
Merit: 1075
https://www.youtube.com/watch?v=qiHZM6M-THM
Arcade City: The Five-Minute Pitch
they already said they want to use ETH  Smiley
legendary
Activity: 2758
Merit: 1075
http://www.coinfox.info/news/5171-ethereum-founder-now-we-can-scale-the-system
 Shocked Ethereum founder: Now we can scale the system  Shocked
Founder of Ethereum Vitalik Buterin claims he has found the ultimate solution to the problem of scalability haunting cryptocurrency networks. That will be made possible with lightning networks and sharding.


If ETH pulls this off, the world of crypto will never be the same.
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