Topic: Geth bug cuts in half Ethereum's hashrate - page 3. (Read 5288 times)

Don't bother. Just join me singing the chorus: https://www.youtube.com/watch?v=cm1AQk30kFs  

There are no serious dapps running on ethereum.  There are projects, dreams, and betting and ponzi games.  But the nature of ethereum is such, that if there's serious money in these dapps, exploits will be found.  Or it would mean that the ethereum guys have found the very first way of coding in a Turing-complete language that is devoid of exploits unless you're a really ugly, incapable nitwick of a coder, to allow for the only big ethereum contract experience until now: the DAO.
More than 40 years of research in computer science hasn't come up with any language that permits you to code exploitless in such an environment.  So it is almost impossible that not several of those DAPPS will be exploitable.
It is just a matter of time, and a matter of having them enough money in them for it to be worth while.

The market value of ethereum is not made by these DAPPS.  Most ethereum has nothing to do with these DAPPS, and is probably even kept on exchange's wallets ; so you don't even need a block chain.  It is just a betting token on exchanges.  That can go very high.

Exactly like bitcoin, BTW.  Bitcoin's price is also mainly from a betting token on exchanges, and not as a currency to buy stuff with.  Most crypto is nothing else but betting on exchange IOUs.  The actual block chain and usage behind it mostly doesn't matter.

Yep, BTCtalk trolls opinion matters alot. More than opinion of the hundreds of developers present at devcon ( obviously they arent just eth devs ), the opinions of giants that openly support ethereum, microsoft, santander,  thomson reuters, etc, the opinion of thousands of developers that currently develop 100`s DAPPS for ethereum blockchain, and not the last, the market's opinion which contradicts btctalk opinions. But who am i to decide which one is right ? I trust that btctalk trolls are well intended and everyone else is lying.

The point is that ethereum is a square wheel.  The square wheel hasn't improved over the centuries.  It has been replaced by the round wheel.  Even though the triangular wheel looked like an improvement over the square wheel (it eliminated one bump per turn), it didn't, in the end, catch on.

The square of ethereum is its Turing completeness.  You will go from bug, to exploit, to bug, to bug to exploit.  Like any other code system has in Turing complete systems, but for stoppable code that's acceptable.  For unstoppable code, that's lunacy.

The wheel was invented almost 10.000 years ago and it's still improved today. Do you think your cousins were like " but it's not perfect, we don't need it ",  or they kept using and improving it over and over again, after it broke / fell apart so many times ?
Edit: Dollface, you have an african mentality. You'd be stuck in century 1000 B.C if everyone would be like yourself.

You pretty much hit the nail on the Spartak_unt head. What I find galling is that in a year or two the very same Spoetniktard sockie trolls will be bemoaning their missed opportunity to get into ETH when it was $14 cheap. ETH is dirt cheap right now compared to its potential. The time to buy is now but their pathetic groupthink trolling holds them back.

Couldn't help myself...

Except that NASDAQ is not TheDAO were you can fuck up billions of $ and not end up like Bernie Madoff (former chairman of NASDAQ).

Love seeing btctalk trolls being desperate about getting in ethereum lol. Funny thing is, they can't even recognize good projects to invest in, they're the ones falling for cheap talk motto's like "silver to bitcoin's gold" or "etc and eth parity" . And then trying to convince each other how much of a scam eth is and that they did good not investing in, not to mention their high morale ground which wouldn't let them invest in same thing as giant evil corporations like microsoft, santander and so on.
Even a veteran at nasdaq recognise ethereum as a, quote " once in a lifetime opportunity" and quits nasdaq to work for ethereum foundation / ethereum, but bitcointalk trolls know better
http://www.coindesk.com/nasdaq-veteran-ethereum-foundation-security-lead/

Ding Ding Ding 100% correct!

Indeed, my dearest Mindlesscache. Now you can both grab each other asses, sing the ETH chorus and fuck off.

Indeed my friend, a lot of fantastic news coming out of Devcon2. And we're only on day one. Of course all this gud news and tech goes over Spartac_unts haircut.

You want a better barber is what you want or are those scar lines at the side of your head where you were whacked? It could explain why you occasionally go full on tard.

See, here is the difference between you and me. Unlike you, I am an open and transparent person. Pretty much everyone (if cares) can find out who I am and that's fine by me, because it's my own choice. Your choice is to remain anonymous and I respect that, but it doesn't give you the right to call me a dollface. And do you know why? Because a real man doesn't like to be insulted in such way, and frankly speaking, I'll (at least try) to squeeze you like a bug if you were here. This is really my last comment to you.

Also, let's say youre not a hypocrit and manipulator and you actually believe big corporations invested in ethereum is a bad thing. Well, keep in mind that all the ether is in the hands of "investors" so it's us the small players that will benefit from it. A project this big simply cannot be done with just common people, keep in mind ethereum doesn't simply aim to just be strictly currency yes that wouldn't need big players to become that. But that would still require leadership, a representative, someone with influence to convince and integrate it in the world's economical system. Because banks and everyone else will simply not integrate bitcoin in their system. Bitcoin and anonymous clones are only good for black market, let's be honest about this. And yeah, speculation. A turing complete blockchain, scalable and decentralized simply needs leadership and big corps to fully test it's capabilities. Blockchain scene is probably 5 years away from deploying a completely working ethereum clone that can be controlled by stakers around the world, without having the need of a leadership and completely decentralized, assuming corps and the buterin turns evil and will controll ethereum like a dictator. I would give bitcoin example but that would be a bad one, bitcoin isn't decentralized.
Edit: dude please, being a badass and a ninja keyboard warrior doesn't prove anything, even if you were a ninja in real life.
Wow, you would really like to see my balls ?

I will answer to you when you come over here and call me dollface in person. I'd like to see if your balls are so big outside the forums. Now you can continue with your monologue, because I'm not answering you anymore.

Also, ethereum was only over pumped before the dao was hacked, but that was just the result of having like 1 year of positive news and 1-3 years of development. Now the curent price is very conservative, all the growth is natural based on the curent events. I predicted weeks / months ago the price will be in the ~20$ range after the devcon, we'll see how close it will be. And it's probably for the better, having real projects calculated into price rather than alot of hype. Every other big dapp will bring more value, i personally wait for akasha.
Dollface, what do you think it will happen with ethereum project if what they are working on will work as stated ? The 3 sec blocktime, raiden / instant transactions with lower cost and massive scaling ? I know this is big and still in the working, and this is no hype or shill. But if this happens and it will work as stated or very close, ethereum will replace bitcoin. Mark my words.
Bitcoin atm is too big to hardfork, this scares the huge mining farms that bring alot of constant income. If some manipulation happens, like ETC manipulation, it will literally kill the price. That's why we all see only talks on bitcoin side, nothing is done. And if it dies, the overall cap of cryptocurrency will be so much smaller.

Okay, fuckface. Next time just warn me when I can sign for an autograph. I had enough with you, really.

Well, ethereum is over pumped if you take into consideration the curent small numbers of dapps deployed. But there are over 50 dapps in the working with some really huge ones. It's like buying shares to a company, if you know their share cost X amount, if you want to make some money you definitely will invest if you know they're closing to finding a cure for cancer. So basically the curent state of the project, the rumors that these dapps are in the work with some of them in the alpha / beta stage, and the overall development of the project are also calculated in the price, i'd say the price is quite low, if you take all this into consideration.
Can you even begin to fathom how much attention will draw and how much the price will increase after they will fix scaling, an issue as old as the blockchain technology itself ?
Dollface please, stop. I don't even care about ETC, but im annoyed that some people are fooled into buying something that not only doesn't stand a chance in blockchain space, but may not even have the potential to be profitable for speculators, won't even talk about dapps and technology usefullness, that's a dream away. It's a tool to fool common people by whales and people with influence, like barry shilbert. He most likely dumped most of his stash, same for GUO.
P.S : scaling is what's holding back the blockchain technology atm, bitcoin is an example. Only after the scaling will be fixed blockchain will go mainstream.

Yes, I am a hypocrite, who wants a better future and equal chances for everyone involved in cryptoscene. But you'll never understand that since you are blindfolded with your beloved Ethereum. Same goes for most of the Dash and Monero supporters. We somehow got over the DASH-XMR war, but we now have another one - ETH-ETC. And the funny part is that it happens mostly here on the forum, where everyone is an expert beyond imagine.

Okay, uhm... while you guys are busy tearing at each other, may I remind you that ethereum though over-pumped, is not going to fall off the radar just like that. So there is no need for you all to fret needlessly.