Topic: ETH will have forking soon, PoS and you know where the price shall go :) - page 2. (Read 3043 times)
August 23, 2017, 03:30:23 PM
ı agree indeed. If Proof of Stake transformation of Ethereum finishes succesfully it will be rocketed. People will buy and hold ethereum for long time. I am sure Vitalik is thinking a solution for the Ethereum miners as well. And I am sure that Ethereum will make an innovative and superior PoS example than other PoS coins.
August 23, 2017, 03:01:39 PM
I have a couple of points .
- How come give few people the control over ETH is any better than mining ? ETH mining is different than BTC anyone can mine ETH in fact anyone can invest in mining ETH with small budget .
- ETH switching to POS will drive price down that is how I see it .For simple reason there is money spent to great ETH (mining equipment) so when the cost of creating something removed isn't it logic that the price of this thing decrease by default !! ? I might be wrong but logically the price should go down . But there is no logic in crypto world so ya anything can happen .
- How come give few people the control over ETH is any better than mining ? ETH mining is different than BTC anyone can mine ETH in fact anyone can invest in mining ETH with small budget .
- ETH switching to POS will drive price down that is how I see it .For simple reason there is money spent to great ETH (mining equipment) so when the cost of creating something removed isn't it logic that the price of this thing decrease by default !! ? I might be wrong but logically the price should go down . But there is no logic in crypto world so ya anything can happen .
August 23, 2017, 02:22:26 PM
Proof of State means that Ethereum Foundation and their 72,000,000 Premined coins are now officially running the network. Game over.
It's just like the DAO hack when they supposedly had 'community consensus' to fork, and 95% of the votes came from a few whale addresses, now since their blockchain is even bigger than bitcoins they don't have any choice but to make it even more obvious, since mining is impossible.
Decentralized...yea.
In the eyes of the Law proof of stake means there will now be even more centralized ownership of Ethereum, aka preferred stock holders running a company to target.
It's just like the DAO hack when they supposedly had 'community consensus' to fork, and 95% of the votes came from a few whale addresses, now since their blockchain is even bigger than bitcoins they don't have any choice but to make it even more obvious, since mining is impossible.
Decentralized...yea.
In the eyes of the Law proof of stake means there will now be even more centralized ownership of Ethereum, aka preferred stock holders running a company to target.
August 23, 2017, 01:46:36 PM
More information about the fork in September:
https://futurism.com/the-ethereum-platform-will-undergo-a-major-upgrade-in-september/
https://futurism.com/the-ethereum-platform-will-undergo-a-major-upgrade-in-september/
August 23, 2017, 04:26:22 AM
interesting news. So people need buy token. and can mine it anymore...... think about it August 23, 2017, 04:06:35 AM
Yes ethereum will forking soon..and people will buy it because you will never be able to mine it again. It will goes to pos phase. People will lock their ethereum. Believer will make eth goes up but people which did not like pos coin will dump it and goes to bitcoin again..
August 23, 2017, 03:29:29 AM
ETH Team is just stated that the forking would be at the latest late Sepetember,.... couple days from now and PoS ll be started.
You know where the price will go right?
First, increasing anonymity will come with new ‘zk-SNARKs,’ or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past.
Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling.
Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking.
Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.
The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’
https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september
Be like "Saint Thomas" : waiting for the so promising PoS.You know where the price will go right?
First, increasing anonymity will come with new ‘zk-SNARKs,’ or Zero-knowledge proofs. Users will be able to perform anonymous transactions at higher levels than in the past.
Second, programming and smart contracts will be made far easier with the new upgrade, relieving some of the pressure on current programmers. Gas will also be adjusted for bill settling.
Third, masking for security enthusiasts will allow users to determine the address for which they have a private key. This will increase security on the network, even against quantum computer hacking.
Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.
The bomb is designed to be an intermediate step in the transition from proof-of-work (PoW) to proof-of-stake (PoS) on the network. This has often been referred to as the ‘Ethereum Ice Age.’
https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september
It seems that PoS is impossible with ETHEREUM because it a Turing complete system.
This PoS is yet 2 years late now : I'm waiting to see it... and very curious about that :-).
August 23, 2017, 03:04:14 AM
will be ethereum cash ? 
, will see how it fork goes
If you are already live in crypto since ethereum was born in the crypto and you already seen ethereum got forked up to 5x but the DAO fork just only the one that gives the fork coin such as ETC to be born. , will see how it fork goesThere are some reason for that. Not every fork will always be issued the new forked coin.
I agree. There's very little chance that the fork will result in a new coin. I don't see any opposition to the fork, or any point to opposing it. This is not like the bitcoin / bitcoin cash split.
August 23, 2017, 02:05:36 AM
it is possible to see a big pump these days, i dare call it an exit pump for all the miners all the network and those with little mining farms who became whales on this coin. they will hype the news these days and milk it to make their exit on top with a good price.
but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.
and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.
but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.
and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.
Half a year ago people might have believed in your words. But after the BTC fork, where everybody saw what happens during a fork of a well accepted, widespread coin, knows, that your words are nothing more than silly fud to create cheap fears. Yes: We will see a pump. But that will be the cause of greed, because people maybe hoping to get free coins like BCH. For true: the exclude of miners might hit themselves very, very hard. But for the network, it will be a big release! A step in the direction of more decentralization. Who wants to be controlled by greedy miners like BTC is? Noone. Switching to POS means: Every investor (coinholder) can profit. For that the server-farms, which are mining zounds of coins to manipulate the system for their own profits, are out of the game. They will loose. But every coinholder, every user of the ETH platform and the network will win. At the end: This will drive the price and not your fud to protect the manipulators of the system.
After the fork of ETH it will be like after the BTC fork:
A strong rise of the price.
Because at this point, people will comprehend, that fudsters like you told nothing else than shit before the fork, only to dump the price in order to collect cheap coins for profit.
August 23, 2017, 01:57:37 AM
will be ethereum cash ? , will see how it fork goes
If you are already live in crypto since ethereum was born in the crypto and you already seen ethereum got forked up to 5x but the DAO fork just only the one that gives the fork coin such as ETC to be born. , will see how it fork goesThere are some reason for that. Not every fork will always be issued the new forked coin.
August 23, 2017, 12:53:13 AM
will be ethereum cash ?
Ha Ha!
Friends don't let friends do ETH!
[it's a trap]
August 23, 2017, 12:34:15 AM
will be ethereum cash ? , will see how it fork goes
, will see how it fork goes August 22, 2017, 10:15:45 PM
it is possible to see a big pump these days, i dare call it an exit pump for all the miners all the network and those with little mining farms who became whales on this coin. they will hype the news these days and milk it to make their exit on top with a good price.
but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.
and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.
but this is the end of mining ethereum and it will die, no more mining. all that investment down the toilet. most of users you see hyping ETH were mining it and wanted to dump at a higher price. now they will disappear.
and like all the pumps it will come long before the date (September?) and stop before it too and drop hard on that date.
August 22, 2017, 09:44:33 PM
Another fork?
Last time took almost a whole year until price recovered.
Last time took almost a whole year until price recovered.
August 22, 2017, 09:42:38 PM
ETH Team is just stated that the forking would be at the latest late Sepetember,.... couple days from now and PoS ll be started.
You know where the price will go right?
ok, you mean ETH price will go to the moon, just like BTC fork right ?You know where the price will go right?
I hope that really happened, because i'll hold ETH from now
August 22, 2017, 09:20:22 PM
So would Ethereum (pre-fork) be a prudent investment for the rest of the year?
August 22, 2017, 08:31:07 PM
BTW, *Ethereum
August 22, 2017, 07:47:18 PM
are we expecting another clone of etherium like bitcoin cash?
It's commonly agreed that once Ethereum will move to Proof of Stake then there will be a Proof of Work fork (sort of an original, actually). August 22, 2017, 02:32:32 PM
are we expecting another clone of etherium like bitcoin cash?
August 22, 2017, 12:30:08 PM
Why is this a hard fork and not an update? Do you think there will be a split?
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