Topic: Ethereum: Good alt or stay away? - page 135. (Read 80418 times)

You can be right. The Ethereum is dropping now. But it is similar to many other altcoins. Maybe nothing specific.

I think also same ETH value jumped too fast maybe I am wrong

https://www.cryptocoinsnews.com/gavin-wood-calls-quick-ethereum-hardfork-fix-dos-attacks/

Gavin Wood, founder of Ethcore, maintainers of Parity, Ethereum’s second most used client, has called for a hardfork stating that it would instantly fix “the underlying flaws that the attacker is exploiting.”

For more than two weeks Ethereum has been undergoing a number of Dos attacks which exploit an underlying flaw: “EVM operations are grossly underpriced compared to the rest” – says Wood. The attacker has exploited this “with an inventive array of DoS contracts, all revolving around making clients do more work or consume more memory than the gas the transactions spent pays for,” according to Nick Johnson, Ethereum Go developer which is currently used by most of the network. There have been a number of releases, with the latest today. Johnson states:

“Our approach to fixing the issues has been to reduce the amount of work we do until it’s in line with what the gas actually pays for – optimisations, effectively. The upcoming release has more or less the ultimate in that series of optimisations, by actually journalling all the state changes, so we can play back the journal if we need to revert, rather than having to copy anything at all.”

Wood, however, states that the Dos attacks will “most certainly continue for months” until metropolis when the network is to undergo an upgrade. Wood states:

“The attacker seems happy testing the protocol thoroughly, so they’ll probably continue. A hard fork will fix many of the most grievous problems we know of, though others may be lurking.

I have been calling for a fast hard fork since day 1. It would be around 4 minor changes to the yellow paper and each implementation, yet there has been little movement on it. I just hope the foundation doesn’t hope to bundle these hotfixes in with all the most substantial metropolis feature additions. If they do, then these attacks will almost certainly continue for months.”

Some in the public blockchain space are averse to hardforks, but as this is to fix the protocol, it is unlikely to be controversial with the general public if an overall understanding is reached that a quick hardfork is the best solution. However, it isn’t clear whether there is such understanding. One of the Ethereum developers who replied in time for publishing, Jeffrey Wickle, an Ethereum Go developer, stated that there were no plans for a hardfork:

“We need to revise our gas costs, surely. Doing it quickly isn’t an option.”
It isn’t clear who is launching the attacks which, according to Johnson, have cost the attackers $5,000 to $10,000. The very first was just hours before Devcon2’s opening, suggesting malicious intentions, but their continuation thereafter has had little effect on the market save for taking up devs time and strengthening the network in what some are calling playing whack amole. Emin Gün Sirer, Cornell professor, who has recently been traveling and has not looked at specific proposals to address the dos, stated:

“My guess is that they are sponsored attacks. There’s nothing to gain by launching [those] attacks, yet some people are spending substantial amounts of time on them.”

Bitcoin Core developers have previously stated that bitcoin’s network is very vulnerable to DDos with few defenses available, but in this dos case for Ethereum, Wood states the flaw being exploited by the attacker would “instantly vanish” with a quick hardfork which would:

“ncrease the gas price of certain EVM operations; EXTCODESIZE, EXTCODECOPY, BALANCE and *CALL* according to the amount of work that’s actually happening, in particular regarding database i/o.”

If there is general agreement, a fork could be a non-event as was the case back in March due to its non-controversial nature, but with many moving to Parity, which has an implementation that minimizes the dos effects on node operation, Go Ethereum developers might use the same implementation approach and make do until metropolis.

Parity, however, is also affected and has launched a number of client updates to address the dos, so it is not very clear whether waiting or a quick network upgrade is the best option.

Not only Ethereum,but we also cannot predict what will happen next on most of alt coin.What we can do,it just following their developement.Last a few week Ethereum price is going down for a while,i miss this chance to buy some coin because this week,the price for Ethereum already rising again.

If they can be satisfied with the number of profit they are getting  now then I can say it is good. But somehow if the stakes go larger that it is tempting to run, it will happen. We all see that from different incident that had been talked here.

I must say that Ethereum can be a good investment but I honestly do not know what ti expect from it due to the fact the future cannot be predicted of course.
Lets hope we can say that it raised after a while.

Why I’m short Ethereum (and long Bitcoin) — Part 1 of 2    Tuur Demeester

https://medium.com/@tuurdemeester/why-im-short-ethereum-and-long-bitcoin-aee5b1c198fd#.geh4yvip2

You always have to research before you do something but I think that it can be trusted and that you can risk it on it to be honest.
Its of course your own choice but most likely it will be a good investment.

Anyone else experiencing hangups?  I tried to download the full wallet but it's stuck around 2,378,434 blocks.

I'd actually go as far as to say that the vast majority, say 99.99% of people who have invest in ETH have made money. It's hard not to with the gud tech that ETH is.

I invested in ETH and earned

According To Me Its A Better Choice To Invest Your Money Into Etherum Because According To Me It Has A Good Future As Compare to Other Altcoins But For Making A Good Profit From Etherum You Have to Invest On A Right Time When the Price Is Lower Only Then You Can Make a Good Profit....

I treat all other coins as the altcoin. There are some altcoins which are very useful in the transacations.

Absolutely yes, any coin other than bitcoin whether they are developed from scratch or a new code are considered as an altcoin regardless of what they think.

Most people think the bitcoin is the main coin, and all other coins are the altcoin. So the Ethereum is treated as altcoin.

Ethereum is not exactly an altcoin in the common sense. It has a totally new code. So yes, I'd say that it is a good altcoin since it is the most inventive one.

That is right. The Ethereum price did not rise a lot after the Devcon2 conference. It might start to rise soon.

well this is true about all other altcoins, you have to find the bottoms to get in. and as they say:

and for ethereum it has been like a roller coaster so far. it dies from big dump after big dump and all those whales dumping are waiting at the bottom at prices in range of 0.014-0.018BTC to buy back in to pump it up again.

If you are investing on a good way I think it will be a good investment but the fact is that you have to invest exactly on the right time to be honest.

It is still decentralised. In fact, it is still in the PoW phase, the premined coins are diluted even more.