Coinbase eth fork question | Bitcointalksearch.org

o_e_l_e_o

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Quote from: pooya87 on January 15, 2019, 11:49:47 PM

"difficulty bomb" is more like a scarecrow specially because of its name. in fact they messed it up when they pushed it back a couple of times since this hard fork was supposed to happen a very long time ago. which proves it is not really a big deal. not to mention that Ethereum Classic (the original immutable chain) got rid of it about 9 months ago which means if anybody wanted they could simply pull the already tested change from ETC into ETH and continue mining in.

Oh absolutely. The original difficulty bomb was supposed to make Ethereum as it currently stands pretty much unusable by the start of 2017, to force the Casper update and moving from Proof of Work to Proof of Stake. It's been delayed before, and will be delayed again with Constantinople. And as you say, there's nothing to stop a side chain such as ETC from passing their own upgrade to delay or even remove it.

On another note, looks like a bug was discovered in EIP 1283, and so the whole of Constantinople has been delayed for at least a week or so while they figure it out: https://medium.com/chainsecurity/constantinople-enables-new-reentrancy-attack-ace4088297d9

pooya87

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Quote from: o_e_l_e_o on January 15, 2019, 10:15:42 AM

However, Ethereum has a built in "difficulty bomb",

"difficulty bomb" is more like a scarecrow specially because of its name. in fact they messed it up when they pushed it back a couple of times since this hard fork was supposed to happen a very long time ago. which proves it is not really a big deal. not to mention that Ethereum Classic (the original immutable chain) got rid of it about 9 months ago which means if anybody wanted they could simply pull the already tested change from ETC into ETH and continue mining in.

Quote from: lobcmt2 on January 15, 2019, 10:52:19 AM

You should call it as an upgrade, not hard fork.
~

they are not two different things. an upgrade is a hard fork, calling it something else doesn't change its nature.

lobcmt2

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Quote from: coine on January 14, 2019, 10:36:09 AM

etherum hard fork is scam or real ?

You should call it as an upgrade, not hard fork.
There is no debate that Ethereum should hard fork or not in the Ethereum core team of developers.
So, it's totally consensus upgrade from ETH team.
Moreover, there is no serious debate and un-consensus that usually lead to 'real' hard-fork.

For the coming upgrade of Ethereum network, the old chain will be abandoned by Ethereum team after the upgrade.
Then, everyone who have interest can use those open-sourced code of the old chain to keep developing more things from it.
It's very simple and easy to understand.
If there are 100 teams of developers use the old-chain open-sourced codes, and use them to create their own coins.
Will you call all those 100 new coins as hard-forked coins from Ethereum network?

Honestly, I strongly believe that you won't call them as hard-forked coins.
Can you confirm that you agree with me at this point, please.

In a nutshell, this coming one will be an upgrade on Ethereum network.
That's all!

o_e_l_e_o

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Quote from: pooya87 on January 14, 2019, 10:18:55 PM

but what is stopping miners from continuing to mine ETH and not accept that fork?

Technically, nothing. This is essentially what happened when Ethereum Classic was created - some of the miners rejected the hardfork and continued to mine the old chain, which still exists and is now known as ETC.

However, Ethereum has a built in "difficulty bomb", which makes mining new blocks become exponentially harder over time, until eventually mining a new block becomes impossible and chain freezes - known as the Ethereum "ice age". One of the EIPs (EIP 1234: Constantinople Difficulty Bomb Delay and Block Reward Adjustment) in this hardfork will push that back. If miners do not adopt the new chain, they will be stuck mining a chain that is rapidly becoming more difficult, less profitable and eventually obsolete.

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Quote from: coine on January 14, 2019, 10:36:09 AM

etherum hard fork is scam or real ?

Ethereum Nowa and Ethereum Classic Vision are the two scam forks.

But Constantinople fork - an ethereum network upgrade is legit but it will not give a split/fork coin.

pooya87

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Quote from: o_e_l_e_o on January 14, 2019, 04:13:20 PM

Quote from: Upgate on January 14, 2019, 04:00:45 PM

Yes well I think so after the ethereum fork your amount of ethereum would still be intact but you would be airdrop the new altcoin

There is no new altcoin. The upcoming Ethereum fork (Constantinople) is an upgrade only, not a split in to a new coin. It plans to implement 5 Ethereum Improvement Proposals (EIPs). The upgrade aims to (very simply) make several things you can do with Ethereum more efficient and therefore cost less fees, and also continues the progress towards Proof of Stake.

You don't have to do anything with your Ethereum, regardless of where it is stored.

You can read more about the upgrade here: https://github.com/ethereum/pm/wiki/Constantinople-Progress-Tracker

but what is stopping miners from continuing to mine ETH and not accept that fork? it is basically bricking their miners in one hard fork swoop after all. i believe that is partly the concern that people have which has the risk of splitting ETH chain into two and some are thinking about the extra coins that they are going to get.

on top of that there has been a lot of drama about other forks with different names. i have heard of at least 2 others, one of which was a joke and died off fast.

o_e_l_e_o

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Quote from: Upgate on January 14, 2019, 04:00:45 PM

Yes well I think so after the ethereum fork your amount of ethereum would still be intact but you would be airdrop the new altcoin

There is no new altcoin. The upcoming Ethereum fork (Constantinople) is an upgrade only, not a split in to a new coin. It plans to implement 5 Ethereum Improvement Proposals (EIPs). The upgrade aims to (very simply) make several things you can do with Ethereum more efficient and therefore cost less fees, and also continues the progress towards Proof of Stake.

You don't have to do anything with your Ethereum, regardless of where it is stored.

You can read more about the upgrade here: https://github.com/ethereum/pm/wiki/Constantinople-Progress-Tracker

Upgate

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Yes well I think so after the ethereum fork your amount of ethereum would still be intact but you would be airdrop the new altcoin

rhomelmabini

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Quote from: coine on January 14, 2019, 10:36:09 AM

etherum hard fork is scam or real ?

It is real and it will be forked at block 7,080,000 and it has strong support from the Ethereum community. If you are following them you may see how active and how are they serious to make it a reality. Though it may reduce mining reward I guess it will be still supported by most miners even after the upgrade.

coingecko

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What do you need to do?
Nothing, Coinbase is likely to pursue the upgrade and you will still have your ETH

But if there are any hard forked new chain coins as a result of the upgrade, you may not be entitled to them since Coinbase isn't announcing any support for any of them.

coine

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etherum hard fork is scam or real ?

madnessteat

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Quote from: lightcar on January 14, 2019, 09:54:07 AM

~snip~

If you are talking about a fork of Ethereum Constantinople. This fork will improve network efficiency and performance. There will be no division tokens. It's not a hardfork, it's a softfork!!! It is done to move PoW to PoS. So it doesn't matter where you store your tokens.

Read that writes Vitalik: https://twitter.com/VitalikButerin/status/1083450179347394560

rhomelmabini

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Quote from: lightcar on January 14, 2019, 09:54:07 AM

I have 2 eth on coinbase, I know the ideal thing is to use a hardware wallet but this is only worth 200-300 bucks.

For the upcoming fork can I just leave the eth on coinbase and i will still have th eth?

Quote

If you’re simply an owner of ETH, you do not need to do anything to prepare for this update.

You can read more here: https://medium.com/mycrypto/ethereum-constantinople-everything-you-need-to-know-a47f3a16f3d2

Though it's bit complicated for non-tech to read, I guess it still provide ways how to do with your eth with this incoming fork of Ethereum.

Hivalley

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It's not safe and will never be safe to leave your coins in an exchange,no matter the condition or the odds,even if you're an active trader,you are always adviced to store your coins in a hardware wallet and never in an exchange.
Major hacks could occur at anytime and with your coins in an exchange,you will definitely be on the receiving end
Coinbase is a large exchange and can be trusted to a certain extent,but try your best to always be on the safer side and use a hardware wallet

lightcar

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I have 2 eth on coinbase, I know the ideal thing is to use a hardware wallet but this is only worth 200-300 bucks.

For the upcoming fork can I just leave the eth on coinbase and i will still have th eth?

Topic: Coinbase eth fork question (Read 253 times)