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Topic: ETH = Game Over - page 30. (Read 40467 times)

full member
Activity: 238
Merit: 100
June 18, 2016, 03:05:16 AM
#55
Sure they can recover but only if they don`t fork at all!!! they must let the system work suffer the price penalty over long period of time, maybe even again at 1$ and wait and develop

Or if they fork, trust is lost, it gone be overtaken with some clone for sure

If the bitcoin did not fork in 2010, there is no bitcoin we see today. The fork will improve the Ethereum and we know it will evolve.
full member
Activity: 140
Merit: 100
June 18, 2016, 02:40:00 AM
#54
You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.

Keep chasing that rainbow. I'm sure you'll get your pot of gold someday.  Roll Eyes

already got mine. Eth was a GOLD MINE! bought sub dollar and cashed out for $18 Cheesy
member
Activity: 105
Merit: 10
June 18, 2016, 02:22:44 AM
#53
Just what the arrogant Vitalik and his army of shills needed to knock em down a peg or five. Bring on NXT 2.0. What NXT lacks in marketing, it makes up for in everything ETH has failed at. Security, decentralization and a real community
legendary
Activity: 1806
Merit: 1828
June 18, 2016, 12:37:18 AM
#52
You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.

Keep chasing that rainbow. I'm sure you'll get your pot of gold someday.  Roll Eyes
legendary
Activity: 1260
Merit: 1116
June 18, 2016, 12:22:05 AM
#51
You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.

legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
June 18, 2016, 12:16:13 AM
#50
You're trying too hard to dismiss Ethereum. While there is some truth to your claims, look at your yard. Bitcoin is even greater mess than Ethereum. As far as I'm concerned, Ethereum's gonna break the Bitcoin's market cap in few months.
legendary
Activity: 1806
Merit: 1828
June 17, 2016, 11:11:14 PM
#49
Sure they can recover but only if they don`t fork at all!!! they must let the system work suffer the price penalty over long period of time, maybe even again at 1$ and wait and develop

Or if they fork, trust is lost, it gone be overtaken with some clone for sure

If they don't fork, they will have lost trust. Especially since a lot of Eth notables were curators for the DAO. It had all their rubber stamps of approval. And now the are facing a 150 million dollar boondoggle since the DAO code is still broke, and the mess cannot be fixed any other way. https://blog.daohub.org/the-next-steps-786323e6fac9#.iz1mcre41
Sorry, but the Ethereum foundation, encouraged this Frankenstein (theDAO) to be created. Expect the hoard of angry community members to storm the castle.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
June 17, 2016, 11:04:22 PM
#48
@Blazin8888

Workin' together ? LOL

..ya me & Berni Madoff want to put out an ICO scheme you on-board bro ?

mad ROI all around bruh !

And please guys stop with this whole "Active Development" bullshit.
Don't sit there and pretend an ICO scam is "Legit" busy they are "working on it"
..that is just silly bullshit that does NOT prove it's legit in any way !

Take for example the old school Pyramid Schemes that have gone on around the world for ages.
People worked damn hard on those seriously.. go look them up and see.

Get it ?
..or still playin' dumb ?



EDIT:
And if this "Active Development" was so shit hot why did they get hacked and we see the price tanking ?
..yeah some real fine "code" there LOL
hero member
Activity: 672
Merit: 500
June 17, 2016, 10:59:12 PM
#47
  I don't know as much about Serpent, but it appears to have the same goals and purpose as Solidity, but is meant to be similar to Python (and therefore be great for Python devs.) This, along with the range of clients, also showcases the dedication that Ethereum has to being appealing to a wide range of developers, not just Javascript developers.

The range of clients at Ethereum in Go, C++, Python, JavaScript, Java and other languages is a support disaster. Right now it may work OK, but once Ethereum attracts a critical mass there will be 1 (or maybe 2) clients which will be used by 99% of the users. Otherwise, it's just not feasible.

You also say that Ethereum is trying to appeal a wide range of developers. Lisk tends to focus on the JavaScript group, it's just a fact that this is a huge crowd already. Lisk removes friction, it's very hard to get developers for a platform. If they now need to learn a new language (besides the whole blockchain concepts) attracting them will be even more difficult. Lisk is all about staying lean, efficient and focused.

Btw. JS is extremely powerful any goof on this forum with some legendary status who says other wise has other motives or is really ignorant: asmjs.org, pyjs.org etc.

    Above only covers Smart Contracts for Etheruem; what about the more fully-encompassing "Dapp"?

Here is the difference between Lisk and Ethereum. Ethereum is doing smart contracts which are all saved on one blockchain. If you want to develop a dapp in Ethereum you need to connect the functionalities of several smart contracts.

In Lisk you get a complete package. You don't develop single smart contracts. You build an entire application which is running on its own blockchain. It's like you develop a new crypto-currency platform with an extended feature-set, the platform itself is already finished and provided by our Lisk SDK. As a developer you just need to implement the necessary new features on top of the already existing platform.

    So, for Lisk to be implying that Javascript developers cannot create Dapp for Ethereum is a bit misleading. They can absolutely use primarily Javascript for the Dapp and then Solidity (which is so close to Javascript) for smart contracts.

We never said that JavaScript developers cannot create dapps for Ethereum. Of course they can, but they need to learn a new language first. This is like you would say a plumber cannot paint walls.

At Ethereum they can use JavaScript for the dapp front end, and Solidity for the dapp back end. It's not like they are using JavaScript "for the [complete] dapp" as you said. No, only for the front end.

    The difference is that Lisk is entirely Javascript (and node.js) through and through, Ethereum has a large number clients in different languages[2], has two custom-written languages for smart contracts, and still allows for Javascript where you need it most (the UI).

Yes, we tend to focus on one technology. Focus is key.

Your statement that Ethereum "allows for JavaScript where you need it most (the UI)", is really only the case for Ethereum. JavaScript is globally accepted for many different tasks on the front and back end (e.g. NodeJS). Not just for "the UI". You are making JavaScript smaller as it is, only to get more arguments for Solidity.

    Javascript numbers are....not the greatest or most reliable. Especially when we are dealing with a crypto-currency, you really want your numbers to be on point. Basically JS uses floating point which means some things get approximated and digits get lost in certain cases.

We are only using integers at Lisk. For big numbers we are using bignumber.js. It's not about the language you choose, it's about your coding skills. If you know what you are doing JavaScript is entirely fine. However, yes this is a weakness. But a weakness which is manageable.

    Javascript uses weak dynamic typing. If you are not careful, you can pass strings instead of numbers.

Honestly, if you are building a serious project you should at least get this thing right. Otherwise, every JavaScript project would fail according to your argument.

    Lisk has "rules" that they ask contract developers have to follow to avoid breaking consensus.

Yep. It seems Ethereum has these "rules" directly embedded into their compiler, at Lisk developers just have to follow them. The biggest difference here is, if they do a mistake and the consensus is broken, then the dapp needs a hard fork. But Lisk itself is entirely fine, because the dapp is only running in a sidechain.

This is a huge security advantage. If a dapp fails, the Lisk network doesn't even hiccup. However, if one smart contract fails at Ethereum, it can mean game over for Ethereum.

    Disadvantages of Solidity

Other disadvantages may be that it's a very young language and therefore unproven. Also there is very little documentation available, and even less developers know this language.

    On the blockchain

You are mixing up different things now. You download the Bitcoin client also from an HTTP link. However it "cannot be corrupted, can be audited, cannot be changed, can reach consensus". That means all these important properties you mention are also valid for Lisk. If you change a dapp code, your node will end up on a fork. Same as if you change the Bitcoin code.

The HTTP link is only the way to distribute a dapp source code. Later on we will integrate decentralized storage methods (e.g. IPFS), so the distribution itself can be decentralized as well.

However, the distribution model doesn't define if an application is centralized or decentralized. Or do you say that every crypto-currency on the market is centralized? Because you download the clients from a centralized location? If yes, then how can Ethereum dapps even be decentralized, if the network itself is centralized? Wink

Your line of arguments is wrong here. Another important fact is, that this method allows Lisk to scale massively easier than Ethereum. Besides the huge advantages our sidechains already bring to the table.

    I don't know much about Crypti, but they did have a presale and they did get a decent amount of money (at least $200k USD) but I can't find the exact figures because everything has been wiped. Nothing came of Crypti. Literally. So...that's scary. The lack of transparency, also scary.

We are not associated with Crypti anymore. However, saying that everything is wiped and that there is no transparency is a huge lie. There are over 600 pages on Bitcointalk (https://bitcointalksearch.org/topic/xcr-crypti-dapps-sidechains-dapp-store-open-source-100-own-code-dpos-654463) and dozens of blog posts (https://blog.crypti.me) which contain ALL information.

Additionally, if you say that "nothing came of Crypti" then you are completely wrong. Crypti developed a working dapp platform, the huge success of Lisk is proving this. The only thing which just didn't work at Crypti was marketing. That means nobody knows about Crypti. There was also a big lack of leadership at Crypti.

    So I guess the main difference I want to point out between Ethereum and Lisk here is that Lisk is two guys who rebranded a previous coin that had a presale and delivered nothing while Ethereum has Vitalik Buterin, a large team of well-known, community-engaged, crazy talented developers, and a large community of developers creating Dapp and third-party wallets and hardware wallets and all sorts of amazing stuff. I mean, look at Augur, Slock.it, and ConsenSys alone. It's crazy!

Yes, I'm glad that those two guys at Google never started their company because there were so many great search engines back then with hundreds of employees. Smiley

Don't understand me wrong, I like Ethereum and the whole team/movement behind it. I'm a big supporter. But you are just refusing innovation at this point of time. You are comparing a 2 years old platform (Ethereum) with 18M in fundings, with a not even launched platform (Lisk) with no access to the funding as of yet. That's kind of silly.

    Another key difference is Ethereum has the Ethereum Foundation, a non-profit Swiss organization and Lisk has....an unknown foundation / company associated with it.

Everyone at Lisk knows that we are in the process of creating a legal entity in Germany, most probably as a gGmbH. This is also a non-profit organisation structure.

    One final note: Lisk really likes to claim they have partnerships with big names. First it was ShapeShift. Now it is Microsoft. They loooove to use that partnership word. In reality, they were just using the Shifty button, not really a partnership.

We had a technologic partnership with ShapeShift. It was a big mis-understanding at that time. They already fixed that mistake.

All in all, I would like to say that your points are quite weak. You didn't point out the biggest weaknesses of Lisk. In my opinion this is sidechain security. That means small dapps probably won't have a chance long-term to attract enough nodes to secure them.

For this I suspect that there will be special dapps, who will run smaller dapps in a SaaS way. Until we implemented a sidechain forging marketplace, finding sidechain forgers is also quite a difficult task. However, these are all just starting problems. Everything is solvable. At the end of the day Lisk is just software which is actively developed.

It's important to mention that Lisk just gets started and we are already making big changes. At this point of time it's just to early to evaluate Lisk and the team (us) behind it. You should just wait for a year before making a final conclusion. All arguments right now just look like you are afraid. Personally, I think there is far more than enough room for Ethereum and Lisk. In the end we are solving the "problems" very differently and are attracting different niches.

I hope that Ethereum and Lisk can work together in the future in order to solve important problems within the dapp and blockchain industry. I say it again, we are in this "game" together.


legendary
Activity: 1901
Merit: 1024
June 17, 2016, 10:55:12 PM
#46
Sure they can recover but only if they don`t fork at all!!! they must let the system work suffer the price penalty over long period of time, maybe even again at 1$ and wait and develop

Or if they fork, trust is lost, it gone be overtaken with some clone for sure
hero member
Activity: 1176
Merit: 509
June 17, 2016, 10:25:41 PM
#45
Is it really game over? I hope they can still recover.
legendary
Activity: 2198
Merit: 1014
Bitdice is scam scam scammmmmmmmmmmmmmmmmmmmmmmmmm
June 17, 2016, 08:37:52 PM
#44
To The Moon!
legendary
Activity: 1260
Merit: 1116
June 17, 2016, 08:16:50 PM
#43
so hardfork is the 1 solution for this problem Huh

They have 27 days to decide. That's when the child DAO starts to blow gold in the wrong direction. Shocked
full member
Activity: 608
Merit: 100
June 17, 2016, 08:13:49 PM
#42
so hardfork is the 1 solution for this problem Huh
legendary
Activity: 1260
Merit: 1116
June 17, 2016, 07:55:33 PM
#41
Stephan Tual: "I see the argument. Let it fail, let everyone lose their money. But in this particular case, it’s not an attack on The DAO. It stems from a pattern in the language that is the base of all smart contracts. This is an attack on ethereum.”


Stephan is a very bitter man that is furious someone was able to due business with DAO contracts and corner a large chunck of Ethereum that he wanted for his company. This spiteful man is even trying to hunt out and at least Doxx those that talk about moral hazard and the dangers of a HF for the credibility of Ethereum -

https://twitter.com/DanDarkPill/status/743789597482692608



Hardforking BTC in 2010 was no big deal. Hardforking ETH in 2016 with 1.2 billion market cap is a big deal, because you are risking OTHER PEOPLE'S MONEY!

Technically it was a softfork in 2010 and BTC has never had a HF but your overall point is still valid.

He's been pretty vocal. He thinks this was an ETH problem generally.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
June 17, 2016, 06:19:04 PM
#40
this is not the first time this type of BS has happened.

Vericoin was one of the earlier ones if not the first to implement a HF to get stolen coins back.

Talk about central planning.

The Vericoin thing was down to the Mintpal hack, wasn't it? And the coin kinda died when they rolled the blocks back.

The worst thing about the DAO hack is that they knew about the problem last year and didn't fix it. If they'd mended it before they raised all that money, all would be well. Whose idea was it to give the fix a low priority?
full member
Activity: 210
Merit: 100
kcin obazs
June 17, 2016, 06:16:26 PM
#39
Ethereum will change to POV (proof of Vitalik)  Roll Eyes Grin
sr. member
Activity: 401
Merit: 280
June 17, 2016, 06:11:43 PM
#38
I think it will alive again soon if you are one of the believer of ethereum support it and i think it will increase again soon even many people here are trying ethereum to go down.. it doesn't mean that they are involve in scam or hack in dao..


Ethereum (the idea of decentralized application environment in an immutable blockchain) is flawed by design. The internal contradictions of contracts with Turing-complete EVM, and immutable running means constant threat and dissolving network integrity. It has no secure base to peg on, like bitcoin and the proposed sidechain apps (rootstock, LN, etc).

" [–]RaptorXP from reddit/r/Bitcoin
Without the ability to publish software updates, secure software can't be built. Period.
Contracts can't be secure and immutable at the same time. Just simply impossible.
That's why Ethereum was flawed from day 1."

Also, this is crisis in decision making:
" [–]llortoftrolls
Exactly. Eth is now caught between a rock and a hardplace. Either they bail out TheDAO, and demonstrate that their contracts are not trust less and can be overruled by humans, OR they let the hacker win, BUT he'll now own roughly 4% of Eth, which screws with their plans to switch to PoS."

https://www.reddit.com/r/Bitcoin/comments/4okbjc/17jun2016_vitalik_buterin_on_brink_of_1st_bailout/?sort=new


sr. member
Activity: 420
Merit: 250
June 17, 2016, 06:07:31 PM
#37
VITALIK BABY!! Fork me, and Fork me hard!! Wink
You are right!
newbie
Activity: 4
Merit: 0
June 17, 2016, 06:06:25 PM
#36
VITALIK BABY!! Fork me, and Fork me hard!! Wink
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