ETH - Hardforked - NOT Decentralized - page 3.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: anders lokka on June 21, 2016, 03:20:11 PM

Please try to understand. ETH hard fork is not DECENTRALIZATION.
Eth project failed if they coul simply press "reset button" as they want.

Vitalik lost his credibility with eth.

Why? ETH isn't centralised BTC. It's may turn out to be centralised in its own way. And it may provided the financial authorities with reassurances that the coin can retrieve stolen funds via a fork.

Juhagic

sr. member

Activity: 357

Merit: 250

Quote from: Auponef on June 22, 2016, 05:58:13 AM

Do we still need hard fork?

https://np.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/

If the DAO holder want to get back all the tockens, they need a hard fork, otherwise they will get back only 70%.

Auponef

full member

Activity: 236

Merit: 100

Do we still need hard fork?

https://np.reddit.com/r/ethereum/comments/4p7mhc/update_on_the_white_hat_attack/

anders lokka

sr. member

Activity: 700

Merit: 250

Please try to understand. ETH hard fork is not DECENTRALIZATION.
Eth project failed if they coul simply press "reset button" as they want.

Vitalik lost his credibility with eth.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Auponef on June 21, 2016, 06:16:18 AM

That is the beauty of mining. I think it is the first time the miners have some say in a important matter in the history of crypo currency.

No that is a flaw in Satoshi's design.

Satoshi's design is flawed because it permits miners to vote (within the realm of profitability). I am working on a fix to that. I explained more.

EastSound

sr. member

Activity: 1377

Merit: 268

Quote from: JessicaG on June 21, 2016, 02:02:55 PM

Quote from: anthonydar on June 21, 2016, 09:37:40 AM

In the bitcoin, the Chinese miners want to have bigger block size to accomoodate more transactions, but it was rejected/delayed by the developers.

You probably meant the Chinese mining pools, not solely "the Chinese"; unless you're either a governmental official off course, or perhaps Xi Jinping in disguise...
Yet this topic is about Ether and their DAO 'situation', on which your post has absolutely nothing to contribute other than post count for your signature campaign.

Oh, and btw, what you're stating, is more like the other way around...

In the bitcoin, the miners do not have much power. But in the Ethereum, the miners will flex their muscles soon.

JessicaG

sr. member

Activity: 343

Merit: 252

Quote from: anthonydar on June 21, 2016, 09:37:40 AM

In the bitcoin, the Chinese miners want to have bigger block size to accomoodate more transactions, but it was rejected/delayed by the developers.

You probably meant the Chinese mining pools, not solely "the Chinese"; unless you're either a governmental official off course, or perhaps Xi Jinping in disguise...
Yet this topic is about Ether and their DAO 'situation', on which your post has absolutely nothing to contribute other than post count for your signature campaign.

Oh, and btw, what you're stating, is more like the other way around...

anthonydar

full member

Activity: 203

Merit: 100

★CryptoGamesFX.com★

Quote from: Auponef on June 21, 2016, 06:16:18 AM

Quote from: iamnotback on June 20, 2016, 03:00:22 PM

Quote from: Kelarid on June 20, 2016, 02:53:55 PM

Quote from: anders lokka on June 20, 2016, 02:51:21 PM

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

The miners will decide if there will be any soft or hard fork. The hacker is also trying to bribe the miners at the moment.

Which indicates the Nash equilibrium and thus coin security is entirely broken.

That is the beauty of mining. I think it is the first time the miners have some say in a important matter in the history of crypo currency.

In the bitcoin, the Chinese miners want to have bigger block size to accomoodate more transactions, but it was rejected/delayed by the developers.

Auponef

full member

Activity: 236

Merit: 100

Quote from: iamnotback on June 20, 2016, 03:00:22 PM

Quote from: Kelarid on June 20, 2016, 02:53:55 PM

Quote from: anders lokka on June 20, 2016, 02:51:21 PM

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

The miners will decide if there will be any soft or hard fork. The hacker is also trying to bribe the miners at the moment.

Which indicates the Nash equilibrium and thus coin security is entirely broken.

That is the beauty of mining. I think it is the first time the miners have some say in a important matter in the history of crypo currency.

TravelsAsia

sr. member

Activity: 448

Merit: 250

Quote from: Zer0Sum on June 17, 2016, 09:57:06 AM

Quote from: BitUsher on June 17, 2016, 09:49:02 AM

Fall in line , and Obey your masters or we will hunt you down and DOXX you, mETH users!

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

Stephan Tual is upset because HE was meant to steal that money...

Is he also reptilian smoking chemtrails?

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Kelarid on June 20, 2016, 02:53:55 PM

Quote from: anders lokka on June 20, 2016, 02:51:21 PM

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

The miners will decide if there will be any soft or hard fork. The hacker is also trying to bribe the miners at the moment.

Which indicates the Nash equilibrium and thus coin security is entirely broken.

Kelarid

newbie

Activity: 81

Merit: 0

Quote from: anders lokka on June 20, 2016, 02:51:21 PM

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

The miners will decide if there will be any soft or hard fork. The hacker is also trying to bribe the miners at the moment.

anders lokka

sr. member

Activity: 700

Merit: 250

Just fact that vitalik thinked about HF means eth is not decentralized.
Total fail!

Auponef

full member

Activity: 236

Merit: 100

Quote from: parmatiya on June 18, 2016, 04:44:27 AM

Quote from: anders lokka on June 18, 2016, 03:06:15 AM

Quote from: worldtreasurefinders on June 17, 2016, 04:04:13 PM

Quote from: BitUsher on June 17, 2016, 10:07:37 AM

Quote from: Auponef on June 17, 2016, 09:57:29 AM

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

Exactly. Even if done for "good" reasons today, this proves it can be done for any reason at all. Got smart contracts the government doesn't like? Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

Witalik could not Hard Fork eth. We will decide if we let that happen. This is a democratic process. His proposal may not be accepted.

I saw some Ethereum miners say will not accept the soft fork. So there is a voting going on in the community.

parmatiya

full member

Activity: 239

Merit: 250

Quote from: anders lokka on June 18, 2016, 03:06:15 AM

Quote from: worldtreasurefinders on June 17, 2016, 04:04:13 PM

Quote from: BitUsher on June 17, 2016, 10:07:37 AM

Quote from: Auponef on June 17, 2016, 09:57:29 AM

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

Exactly. Even if done for "good" reasons today, this proves it can be done for any reason at all. Got smart contracts the government doesn't like? Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

Witalik could not Hard Fork eth. We will decide if we let that happen. This is a democratic process. His proposal may not be accepted.

anders lokka

sr. member

Activity: 700

Merit: 250

Quote from: worldtreasurefinders on June 17, 2016, 04:04:13 PM

Quote from: BitUsher on June 17, 2016, 10:07:37 AM

Quote from: Auponef on June 17, 2016, 09:57:29 AM

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

Exactly. Even if done for "good" reasons today, this proves it can be done for any reason at all. Got smart contracts the government doesn't like? Shut it down!

That's finally prove how is CENTRALIZED ethereum. Is a tota FAILED project.
This prove that in future for ANY reason, vitalik could Hard Fork eth.
This is totally not DECETRALIZATIONS!!!

Back to Uncle BTC

64dimensions

hero member

Activity: 578

Merit: 508

Quote from: freshman777 on June 17, 2016, 06:57:15 AM

Quote from: BitUsher on June 17, 2016, 06:50:35 AM

Wait , so perhaps the DAO needs to be renamed to CAO - Centralized Autonomous Organizations

Can't do it. CAO means 'fuck' in chinese, DAO - the road.

Isn't Cao also a last name? So it would also depend on pronunciation?

worldtreasurefinders

sr. member

Activity: 315

Merit: 250

Quote from: BitUsher on June 17, 2016, 10:07:37 AM

Quote from: Auponef on June 17, 2016, 09:57:29 AM

The Etheruem developers propose a change to invalidate the hacked Ethereum. If you do not agree with them, you do not have to run the hard fork.

Sure and the HF alt created when the chain splits will be exposed to regulatory threats and will need to hire a bunch of lawyers and at the same time undermine the trust in the network. What happens when the FBI knocks on the Ethereum foundations door and asks for another soft or HF to disable or freeze assets on a naughty smart contract? Great job guys!

Exactly. Even if done for "good" reasons today, this proves it can be done for any reason at all. Got smart contracts the government doesn't like? Shut it down!

Croin

sr. member

Activity: 518

Merit: 250

The DAO project is over. I only hope that DAO won't drag ETH and the entire coin market down the drain.

anders lokka

sr. member

Activity: 700

Merit: 250

ETH is gone and BTC was never hardforked!
Now all jump into btc, to tha moon

Topic: ETH - Hardforked - NOT Decentralized - page 3. (Read 5182 times)