Ethereum Fork good or bad? - page 2.

Kellor

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Quote from: Perman on August 10, 2016, 06:38:06 AM

Quote from: Kellor on August 01, 2016, 05:38:53 AM

Quote from: vincentvincent on July 31, 2016, 11:04:42 AM

Quote from: Kellor on July 31, 2016, 10:34:43 AM

Quote from: Red-Apple on July 31, 2016, 06:45:13 AM

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

I guess he found out out that it is more profitable to mine ETC....
https://www.cryptocompare.com/mining/calculator/etc

That is right. It seems it is more profitable to mine the ETC. protecting the ETC is just an excuse to make profit.

The ETC/ETH price is declining at the moment. Even though it is more profitable to mine ETC, when you sell, it is less profit.

That is the reason I do not change the coin between ETC and ETH any more, it is too risky to mine ETC.

Perman

newbie

Activity: 14

Merit: 0

Quote from: Kellor on August 01, 2016, 05:38:53 AM

Quote from: vincentvincent on July 31, 2016, 11:04:42 AM

Quote from: Kellor on July 31, 2016, 10:34:43 AM

Quote from: Red-Apple on July 31, 2016, 06:45:13 AM

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

I guess he found out out that it is more profitable to mine ETC....
https://www.cryptocompare.com/mining/calculator/etc

That is right. It seems it is more profitable to mine the ETC. protecting the ETC is just an excuse to make profit.

The ETC/ETH price is declining at the moment. Even though it is more profitable to mine ETC, when you sell, it is less profit.

Kellor

sr. member

Activity: 278

Merit: 250

Quote from: vincentvincent on July 31, 2016, 11:04:42 AM

Quote from: Kellor on July 31, 2016, 10:34:43 AM

Quote from: Red-Apple on July 31, 2016, 06:45:13 AM

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

I guess he found out out that it is more profitable to mine ETC....
https://www.cryptocompare.com/mining/calculator/etc

That is right. It seems it is more profitable to mine the ETC. protecting the ETC is just an excuse to make profit.

vincentvincent

sr. member

Activity: 285

Merit: 251

Quote from: Kellor on July 31, 2016, 10:34:43 AM

Quote from: Red-Apple on July 31, 2016, 06:45:13 AM

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

I guess he found out out that it is more profitable to mine ETC....
https://www.cryptocompare.com/mining/calculator/etc

Kellor

sr. member

Activity: 278

Merit: 250

Quote from: Red-Apple on July 31, 2016, 06:45:13 AM

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

There are pumps about the ETC now. One guy said he is going to move his hashing power to the ETC.

Red-Apple

hero member

Activity: 1470

Merit: 655

you have to wait and see if you want to know if it was good or bad in the future. but for the time being you should sit back and enjoy the show or if you want to take risks you can also invest in the two chains and enjoy the pump or lose on the dump.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: dinofelis on July 31, 2016, 04:14:57 AM

Quote from: dumada on July 31, 2016, 03:39:23 AM

Will this succeed:
https://forum.ethereum.org/discussion/8759/updated-51-etc-attack-pool-mining-eth-until-hashrate-exceeds-etcs-0-fee

In order for a 51% attack to "succeed", you have to sustain it, otherwise the good chain catches up. What miner is going to put permanent resources in this ?

Depends on the value of the contract.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: dumada on July 31, 2016, 03:39:23 AM

Will this succeed:
https://forum.ethereum.org/discussion/8759/updated-51-etc-attack-pool-mining-eth-until-hashrate-exceeds-etcs-0-fee

In order for a 51% attack to "succeed", you have to sustain it, otherwise the good chain catches up. What miner is going to put permanent resources in this ?

dumada

full member

Activity: 154

Merit: 100

Will this succeed:
https://forum.ethereum.org/discussion/8759/updated-51-etc-attack-pool-mining-eth-until-hashrate-exceeds-etcs-0-fee

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

Quote from: Boxxl on July 18, 2016, 02:03:53 AM

Hi,

I'm confused..
The hard fork.. Is it good or bad for the future of ethereum?

hard forks are always bad. and i say it is bad for every coin not only etherum. but in this case if you look at how the hard fork happened and the reason why it has happened you see that it was a terrible idea to do it in the first place.

X7

legendary

Activity: 1162

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Let he who is without sin cast the first stone

Quote from: Boxxl on July 18, 2016, 02:03:53 AM

Hi,

I'm confused..
The hard fork.. Is it good or bad for the future of ethereum?

Only time will tell friend, this is a good thing for the cryptocurrency community to observe. It should be good either way but we will see

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: Kellor on July 30, 2016, 01:42:08 PM

I heard the ETC pumpers are from the bitcoin community. They feel the intimidation of the success of ETH.

That success is over, I think, with the DAO demo. No corporate investor and no big company is ever going to build a smart contract on ETH ever. ETH complex smart contracts have shown their fundamental problem: the code is the law, and the law is buggy. Even if one would now write a clean smart contract, the fear of the unknown exploit is now present for ever.

So big contracts, with big money in it, which was the ETH booster, is done with for a very very very long time.

Kellor

sr. member

Activity: 278

Merit: 250

Quote from: severaldetails on July 29, 2016, 08:49:40 AM

Quote from: GreenBits on July 29, 2016, 08:34:28 AM

Quote from: Kellor on July 29, 2016, 08:16:51 AM

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

Any fork, at this point. We have seen every manner of fork, including salad forks coming out of the Ethereum camp. I think hard forks shouldn't be off the table, but should be limited to major technical issues that would otherwise 'break' the usability of the network.

I think that fork scared away a lot of regular bitcoin useres from the eth/etc currency who are not so much into all that technical stuff.
And as a payment method, it has probably ruined its chances to be accepted like bitcoin already is for a very long time.
Nope, I do not think that the fork was good for Ethereum.

I heard the ETC pumpers are from the bitcoin community. They feel the intimidation of the success of ETH.

severaldetails

hero member

Activity: 959

Merit: 500

Quote from: GreenBits on July 29, 2016, 08:34:28 AM

Quote from: Kellor on July 29, 2016, 08:16:51 AM

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

Any fork, at this point. We have seen every manner of fork, including salad forks coming out of the Ethereum camp. I think hard forks shouldn't be off the table, but should be limited to major technical issues that would otherwise 'break' the usability of the network.

I think that fork scared away a lot of regular bitcoin useres from the eth/etc currency who are not so much into all that technical stuff.
And as a payment method, it has probably ruined its chances to be accepted like bitcoin already is for a very long time.
Nope, I do not think that the fork was good for Ethereum.

GreenBits

legendary

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Quote from: Kellor on July 29, 2016, 08:16:51 AM

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

Any fork, at this point. We have seen every manner of fork, including salad forks coming out of the Ethereum camp. I think hard forks shouldn't be off the table, but should be limited to major technical issues that would otherwise 'break' the usability of the network.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: Kellor on July 29, 2016, 08:16:51 AM

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

Or about its utility of having a split block chain where no minority suffers the dictate from the majority.

Kellor

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Activity: 278

Merit: 250

The Ethereum fork could teach a lesson to bitcoin and other altcoin about the danger of the hard fork.

bbc.reporter

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It was supposed to be good because Vitalik rolled back the transactions that made the hacker have millions of ETH. Everyone thought that was the end of it and the show will go on. But he did not anticipate what would happen next that the original chain will continue on to compete with the fork. Now the supporters of the fork are now desperate to kill the original chain and cannot accept that the that it will stay for a very long time with the possibility of it having the longer chain. If that happens then the fork will die because the miners will go back to the original.

Sniper44

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Quote from: Boxxl on July 18, 2016, 02:03:53 AM

Hi,

I'm confused..
The hard fork.. Is it good or bad for the future of ethereum?

the hard fork, for the future of ethereum is bad because it has divided everything into two groups and as you can see it is still being pump and dumped. but if you check out the price of classic you see that fork has been good for traders to make a lot of money.

also the fork has been bad for ethereum because once again it has proven that eth is centralized.

dinofelis

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Activity: 770

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Quote from: FoendyZ on July 28, 2016, 05:14:14 AM

ethereum hard fork is to improve to ethereuem clasic
so i think it is good is better good the next future, but few comunity not accepted ethereum hardfork and still platform old ethereum is ethereum clasic ETC

There's nothing "improved" by the ETH fork. They only moved the DAO funds to a different address "deus ex machina" in order to bail out the failed project which had undergone unexpected transactions according to the code and with which many people disagreed with because it was against their profit.

Topic: Ethereum Fork good or bad? - page 2. (Read 3200 times)