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Topic: ETH = Game Over - page 23. (Read 40467 times)

hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
June 30, 2016, 02:15:58 AM
Fair enough, but then the hashrate of the people who didn't vote, shouldn't be used to enforce the will of the ones who voted, because maybe they don't like any of these options.
Also in this case, if they dont vote it also means theyre okay with whatever outcome since if they disliked badly one result or wanted badly the other result, they would have voted already. And they could aswell not bother voting because they've seen the results "live" with yes leading the herd. So as you can see, there are plenty of options of why one wont vote, so you cannot simply take that inaction and go with the logic " silence is an answer too ". I mainly voted because i wanted badly not let the thief go away with milions of ether, possibly even 5 times more than he already stole because he took only ~20% of it , especially thinking about the future POS which will be implemented in early 2017. And in my opinion that would damage ethereum project more than 100 ethereum failed projects. The money losts arent even 10% as important as thief owning anywhere between 3.5% and 15% of ethereum tokens.
Forgot about this, but its an argument aswell : in a real world vote referendum, you can cancel your vote by doing whatever, voting both options, draw hitler face on the paper or whatever is crosing your mind. But here you cannot do that, so its either that, or that. If you dont vote, whatever you think in the back of your head will remain there, since you have the chance to express your option and you dont. The same for uk people who didnt vote for brexit, most likely there are more people who regret not voting because of the result. But it was their option and they ll live with it.
Conclusion : We live in an imperfect world, and we will continue to do so untill we either set the world on fire or an alien invasion will exterminate us. Untill then, we use what we have and deal with it, otherwise it would be anarchy since everyone has an opinion slightly different than the others and we would never agree about anything.

It seems the process isn't democratic after all.

If you go on ethpool and ethermine, you will see that (still) most votes are for the soft-fork (Non voters don't really have voice in this, like you said). Looking at the Ethereum chain, both pools don't enforce the softfork anymore.

So now they go against what people voted for. How is this a democratic decision? Shouldn't they have to live with the results of the vote?


There is a problem with the soft fork problem. So it is not to be implemented for now.

https://blog.ethereum.org/2016/06/28/security-alert-dos-vulnerability-in-the-soft-fork/
full member
Activity: 124
Merit: 100
June 28, 2016, 07:52:55 PM
Fair enough, but then the hashrate of the people who didn't vote, shouldn't be used to enforce the will of the ones who voted, because maybe they don't like any of these options.
Also in this case, if they dont vote it also means theyre okay with whatever outcome since if they disliked badly one result or wanted badly the other result, they would have voted already. And they could aswell not bother voting because they've seen the results "live" with yes leading the herd. So as you can see, there are plenty of options of why one wont vote, so you cannot simply take that inaction and go with the logic " silence is an answer too ". I mainly voted because i wanted badly not let the thief go away with milions of ether, possibly even 5 times more than he already stole because he took only ~20% of it , especially thinking about the future POS which will be implemented in early 2017. And in my opinion that would damage ethereum project more than 100 ethereum failed projects. The money losts arent even 10% as important as thief owning anywhere between 3.5% and 15% of ethereum tokens.
Forgot about this, but its an argument aswell : in a real world vote referendum, you can cancel your vote by doing whatever, voting both options, draw hitler face on the paper or whatever is crosing your mind. But here you cannot do that, so its either that, or that. If you dont vote, whatever you think in the back of your head will remain there, since you have the chance to express your option and you dont. The same for uk people who didnt vote for brexit, most likely there are more people who regret not voting because of the result. But it was their option and they ll live with it.
Conclusion : We live in an imperfect world, and we will continue to do so untill we either set the world on fire or an alien invasion will exterminate us. Untill then, we use what we have and deal with it, otherwise it would be anarchy since everyone has an opinion slightly different than the others and we would never agree about anything.

It seems the process isn't democratic after all.

If you go on ethpool and ethermine, you will see that (still) most votes are for the soft-fork (Non voters don't really have voice in this, like you said). Looking at the Ethereum chain, both pools don't enforce the softfork anymore.

So now they go against what people voted for. How is this a democratic decision? Shouldn't they have to live with the results of the vote?
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 27, 2016, 12:02:47 AM
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.

Well if you believe ETH was just made as an investment vehicle, so people can try their luck and make profit, then yes, ETH is a rip roaring success. If you believe that Ethereum was made so people can purchase the Ether tokens and run Dapps and smart contracts that are actually worth a shit, then so far, it's an epic fail. Good luck in trading these tokens that don't have much use ATM for their stated purpose. It's kind of like going to a video arcade, buying tokens, and finding they are only useful to play some run down, vintage, pong machine. Cheesy

Top shelf comment right here boys !
This one better make your leet meter perk up nice & hard cause this boy got game !
His analogy is hotter than the devil's toe nails at an all Satanist Bible-Thumper Barbecue.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
June 26, 2016, 11:38:53 PM
I think Ethereum recover and take his position again.
Yes, I will agree that the latest news was hit much interest in the project. Let's see what will be on.

The soft fork is set to confiscate any funds running an instance of the DAO code, not just TheDAO. The risk of asset forfeiture is exactly why I got into crypto.

No...wait...

I'm still amazed at the amount of people that just don't understand this. It's more than likely because they have never spent the time to build up assets and have to rely on daddy for an income.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
June 26, 2016, 08:38:52 PM
Despite that evident weakness in the ethereum protocol, it is very disappointing for me to see the price of ETH recovering its previous value these days. It is more than evident that the world of cryptocurrencies has left to prioritize the technological advances to prioritize the mere speculation, and the ethereum and the DAO events is a clear evidence of that.


"The markets can stay irrational longer than you can stay solvent"

But when it becomes rational, then they might become insolvent!
hero member
Activity: 966
Merit: 507
June 26, 2016, 06:33:27 PM
Despite that evident weakness in the ethereum protocol, it is very disappointing for me to see the price of ETH recovering its previous value these days. It is more than evident that the world of cryptocurrencies has left to prioritize the technological advances to prioritize the mere speculation, and the ethereum and the DAO events is a clear evidence of that.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
June 26, 2016, 05:59:14 PM
...

PS:
Ethereum is a DEAD scammy "coin scheme"

Be Careful What You Wish For.  What if a crash in Ethereum sends Monero to the moon?
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 26, 2016, 05:27:08 PM
You say that as if topics here can actually move the market. If you think your low quality fud has any effect youre delusional. BTCtalk is mostly a circus show for entertaining.

And i am the one hanging around here advertising my bags ?
..thinking it WILL matter if you spam at Bitcointalk ?

When your coin revolves around this place you lost buddy boy.
You have to be DELUSIONAL to think the shit posted here matters.

In case you were not aware ?
What does matter is the entire fucking planet NOT HERE.
So..
I suggest you focus more effort on attaining *REAL* adoption for your scheme coin.
rather than being worried about my "Low Quality" FUD

And..
They did move the market son.
Ethereum's ultra super mega hype / advertising / spam campaign here worked on you idiots.
You lined up in droves screaming.. TAKE MY MONEY NOW
Pushing it to $20 a coin  Roll Eyes
All of course fake volume from some of the greedy profiteer dregs of crypto-society here.
In other words the useless who plan on buying then dumping your "coin" <-- i use that term loosely.

You see my friendly little NOOB ACCOUNT / NOBODY those are the people you DO NOT want involved.
Take away all those empty pointless profiteer investments and intense whale market manipulation
..and you have yourself a dead pointless ICO Scheme-coin with no market cap at all.
AKA: a dead coin.
Look around even the scammy useless dregs around here don't even want it Cheesy
The only thing propping up it's price is trapped Investards who can't get out or whales setting up fake walls.

You ETH shills are scared shitless of me and replied back to this topic asap LOL
..and banned me from your ETH scam coin IRC channel. (for no good reason)

Let me know if you need any more low quality FUD ..i have more Wink

PS:
Ethereum is a DEAD scammy "coin scheme"
hero member
Activity: 532
Merit: 500
June 26, 2016, 04:00:41 PM
You say that as if topics here can actually move the market. If you think your low quality fud has any effect youre delusional. BTCtalk is mostly a circus show for entertaining.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 26, 2016, 03:52:39 PM
It's dead guys.. no one cares.. not even enough to bump ETH topics here anymore.
Notice how there is none on page one anymore ?
..when they ALL used to be ETH topics.
hero member
Activity: 532
Merit: 500
June 26, 2016, 01:28:33 PM
It wont be better, bitcoin is outdated, slow, and rootstock is so behind ethereum in development. Its more likely for bitcoin to die than rootstock actually succeed. And bitcoin will die, its just a matter of time, untill then its a good milking cow ( nowadays mostly for chinese farmers since they mine it almost for free ).
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
June 26, 2016, 12:52:41 PM
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.

Well if you believe ETH was just made as an investment vehicle, so people can try their luck and make profit, then yes, ETH is a rip roaring success. If you believe that Ethereum was made so people can purchase the Ether tokens and run Dapps and smart contracts that are actually worth a shit, then so far, it's an epic fail. Good luck in trading these tokens that don't have much use ATM for their stated purpose. It's kind of like going to a video arcade, buying tokens, and finding there are only useful to play some run down, vintage, pong machine. Cheesy
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.


"The markets can stay irrational longer than you can stay solvent"

Eth might not collapse now, but in my opinion it's finished, both as a DAPP platform as a investment vehicle.

The technology might not, but then again the turing complete method is just too risky. Bitcoin with sidechains will be much better in my opinion!
legendary
Activity: 1806
Merit: 1828
June 26, 2016, 12:47:32 PM
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.

Well if you believe ETH was just made as an investment vehicle, so people can try their luck and make profit, then yes, ETH is a rip roaring success. If you believe that Ethereum was made so people can purchase the Ether tokens and run Dapps and smart contracts that are actually worth a shit, then so far, it's an epic fail. Good luck in trading these tokens that don't have much use ATM for their stated purpose. It's kind of like going to a video arcade, buying tokens, and finding they are only useful to play some run down, vintage, pong machine. Cheesy
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
June 26, 2016, 12:45:20 PM
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.

The hardfork didnt happen yet, plus we cannot know what long term consequences this event has produced.

A hardfork is a serious issue, it's not just your typical patch, it undermines the basic philosophy behind cryptocurrencies.

Of course speculators might still love it, but i`m pretty confident the majority of bitcoin users has just turned away from ETH for now.

Have you seen /Bitcoin reddit?
hero member
Activity: 798
Merit: 1000
June 26, 2016, 12:32:57 PM
do you believe the price will rise after the fork, or it will rmeain as it is in this moment? the price recovered quite a bit, but it still no where near its prime, i'm not sure if it is wise to keep my etheruem or dump it now

OP Why game over? See the chart and you can see how Ethereum price has been increased, it was 0.02145 and it was increase to 0.02322 which is an increase of +8%. If an investment of 10BTC was made then within 2 hours during the pump the profit would be 0.8BTC.
hero member
Activity: 532
Merit: 500
June 26, 2016, 12:04:35 PM
Fair enough, but then the hashrate of the people who didn't vote, shouldn't be used to enforce the will of the ones who voted, because maybe they don't like any of these options.
Also in this case, if they dont vote it also means theyre okay with whatever outcome since if they disliked badly one result or wanted badly the other result, they would have voted already. And they could aswell not bother voting because they've seen the results "live" with yes leading the herd. So as you can see, there are plenty of options of why one wont vote, so you cannot simply take that inaction and go with the logic " silence is an answer too ". I mainly voted because i wanted badly not let the thief go away with milions of ether, possibly even 5 times more than he already stole because he took only ~20% of it , especially thinking about the future POS which will be implemented in early 2017. And in my opinion that would damage ethereum project more than 100 ethereum failed projects. The money losts arent even 10% as important as thief owning anywhere between 3.5% and 15% of ethereum tokens.
Forgot about this, but its an argument aswell : in a real world vote referendum, you can cancel your vote by doing whatever, voting both options, draw hitler face on the paper or whatever is crosing your mind. But here you cannot do that, so its either that, or that. If you dont vote, whatever you think in the back of your head will remain there, since you have the chance to express your option and you dont. The same for uk people who didnt vote for brexit, most likely there are more people who regret not voting because of the result. But it was their option and they ll live with it.
Conclusion : We live in an imperfect world, and we will continue to do so untill we either set the world on fire or an alien invasion will exterminate us. Untill then, we use what we have and deal with it, otherwise it would be anarchy since everyone has an opinion slightly different than the others and we would never agree about anything.
full member
Activity: 124
Merit: 100
June 26, 2016, 11:30:45 AM
If they dont vote it means they dont care taht much about the two possible outcomes.

There is an option for the people who "dont care". With blockchain consensous, if you don't upgrade(vote) you are ok with status quo. If your not ok with status quo, either turn off your miner or upgrade the protocol and hope that it is gonna be used by more then 51% of the miners(vote).

If theres a vote / referendum both parties, NO and YES, should express their option. You see it more logical for the NO party to simply not vote and stay home and their inaction counting as an actual action (voting no) while the YES party is doing it ?

I see it more  in terms of "status quo" and "changing status quo". Those who want a change, should get active. Why must those who are ok with status quo be forced to get active?

If they dont vote it can also mean they dont like any of these options, so you cannot count an inaction of not voting as either no or yes.

In this case, the hashrate of the people who didn't vote shouldn't be used to enforce the will of the ones who voted, because maybe the non voters don't like to support any of these options.....
hero member
Activity: 532
Merit: 500
June 26, 2016, 11:17:44 AM
Because.. YOUR MOM !
What a stupid question. If they dont vote it means they dont care taht much about the two possible outcomes. If theres a vote / referendum both parties, NO and YES, should express their option. You see it more logical for the NO party to simply not vote and stay home and their inaction counting as an actual action (voting no) while the YES party is doing it ?
If they dont vote it can also mean they dont like any of these options, so you cannot count an inaction of not voting as either no or yes.
full member
Activity: 124
Merit: 100
June 26, 2016, 10:53:55 AM
In the Brexit vote, only 72% of the registered vote. 52% of them vote for leaving the EU. The whole UK will leave as a result.

So just because voting system in the political world is working that way, it automatically means it is the best way to do a vote?

EDIT: Also consider that there is a "Don't care" option which is equivalent to the option of not voting on Brexit.
Why does "Not voting" count as "Don't care" instead of "Going with status quo" ?


sr. member
Activity: 1274
Merit: 278
June 26, 2016, 10:37:35 AM
The price will slowly dwindle down and so will the volume. Anyone stuffing money in ETH at this point is either delusional, in denial, or were conned into believing it would someday rise again. The legalities haven't even set in yet. Wait until class action lawsuits enter the picture and a federal or state investigation begins.
Legalities? Under what country will they be brought???

Will the miners all over the world be sued? Could be be sued by the attacker or the Ethereum holder, or DAO holder?

I do not think the miners will be sued. It is action of getting money back from thieves. They will be praised.

About 80% of the miners who voted support the soft fork. Is there any progress about implementing the fork?

Any idea about what percentage of miners actually voted?


According to the http://ethpool.org/stats/votes, 25% of the miners voted. 80% of them support the soft fork.

Please don't tell me that it only needed 20% of pro-fork votes to force 100% the miners in that pool to follow their will?

Everyone who doesn't vote should of course count as a no vote. But instead they just don't care about what they want, but they still use the hashrate of the non voters to enforce the fork? Thats not fair and it is not democratic!

The same game with ethermine.org...

I agree with you. But in this democratic world, no vote, no power. We should persuade all the miners to vote.

Everyone who wants to change the blockchain should vote, I agree.
Everyone who wants to remain with status quo, should not vote for a change = doing nothing or saying no should be treated equal.

In the Brexit vote, only 72% of the registered vote. 52% of them vote for leaving the EU. The whole UK will leave as a result.
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