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Topic: Simple questions about Ethereum nobody can answer !!! - page 3. (Read 2916 times)

legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?



Well because normally, a Website or app, would be on a server somewhere on the planet, but because it is just on centralized server, it is really easy to attack.
And with Ethereum there is no centralized attack point so it is always decentralized.
And the owner only Writes the code and then uploads it to the Ethereum network, he can't change anything after, when he supplies the code it is final.
The owner would need to write the self destruction in the code already, when he does that people will find out and warn others.
Salient point well said.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
Is that so?

Oh my  Roll Eyes

Oh dear  Sad

This really is bad news indeed !
Good point OP.
legendary
Activity: 910
Merit: 1000
I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  Cheesy

here i can't see a bug.

elsewhere there could be a lot of bugs. but this was not the questions.

btw: where is TPTB_need_war? He/She always talks about ETH-tech.
Ok thanks for the info
sr. member
Activity: 434
Merit: 511

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?



Well because normally, a Website or app, would be on a server somewhere on the planet, but because it is just on centralized server, it is really easy to attack.
And with Ethereum there is no centralized attack point so it is always decentralized.
And the owner only Writes the code and then uploads it to the Ethereum network, he can't change anything after, when he supplies the code it is final.
The owner would need to write the self destruction in the code already, when he does that people will find out and warn others.
legendary
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
my impression: it is partly designed with no use case in mind or too many devs added fancy "features". ("it's a feature not a bug!" --> M$)
legendary
Activity: 2142
Merit: 1009
Newbie
btw: where is TPTB_need_war? He/She always talks about ETH-tech.

He was begging for ban few days ago, maybe the heaven has heard his words.
hero member
Activity: 728
Merit: 500

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.

100k $ in btc? in your wallet?

if you can't understand code then you have to trust somebody.
code of OS.
code of the btc wallet.
code of contract.

To change bitcoin code requires consensus. According to the OP:

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

If true comparing bitcoin code is not relevant.
legendary
Activity: 1498
Merit: 1113

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.

100k $ in btc? in your wallet?

if you can't understand code then you have to trust somebody.
code of OS.
code of the btc wallet.
code of contract.
hero member
Activity: 728
Merit: 500

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

Huge difference between entering into a contract (for an example if it involved 100k US) where the code (and therefore contract) can be changed and using a browser. Frankly they are not even remotely comparable.
legendary
Activity: 1890
Merit: 1078
Ian Knowles - CIYAM Lead Developer
Just to point out that AT was launched over a year ago (it does smart contracts but it does them smarter and simpler - http://ciyam.org/at).

The AT model doesn't allow changes to be made "to the contract" but there are functions that differentiate between the "contract creator" and others (as that is sometimes desirable).

There are reasons why you would want a smart contract to differentiate between its "creator" and another user.
sr. member
Activity: 353
Merit: 250
Rimbit - No mining, just development

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

That would have to be one of the best analogies I have heard in a long time.. Kudos!
newbie
Activity: 17
Merit: 0

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?

I am also not using win10 or facebook because of privacy issues.
Both of those are so big that it makes headlines. Apps on the other hand can probably fly under the radar for a long time. This is after all a niche (for now anyway)
legendary
Activity: 1498
Merit: 1113

I see that as a potential problem. How are those of us that cant read code supposed to find out?

you are using a computer. and you are using an OS and a browser.
did you read the code of the SW you are using?

nevertheless you use it.
why?
newbie
Activity: 17
Merit: 0
On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.




yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token
Quote
CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.

So you can add a central manager if you want to or not but it can only be specified from the outset. So anyone can read the code and discover if there's one or not. Seems reasonable enough. Not sure what the OPs amature dramatics are all about.

I see that as a potential problem. How are those of us that cant read code supposed to find out?
legendary
Activity: 1498
Merit: 1113
@Minecache:
you advertise a contract in your sig.

thats the code:
https://etherchain.org/account/0x7fd6d3537b39842cfe16e813851296d4745b51a7#code

is this a fully decentralized or not?

i do not want to read the code. so please tell us?
legendary
Activity: 1498
Merit: 1113
I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  Cheesy

here i can't see a bug.

elsewhere there could be a lot of bugs. but this was not the questions.

btw: where is TPTB_need_war? He/She always talks about ETH-tech.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.




yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token
Quote
CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.

So you can add a central manager if you want to or not but it can only be specified from the outset. So anyone can read the code and discover if there's one or not. Seems reasonable enough. Not sure what the OPs amature dramatics are all about.
legendary
Activity: 910
Merit: 1000
I think those are big bug of ethereum. Let's wait clarification from the devs if they are still  stay in here  Cheesy
legendary
Activity: 1498
Merit: 1113
On ethereum.org website the team states "build unstoppable applications". But right now :

1. Any ethereum contract can be shut down by owner by sending a kill signal.

2. Any ethereum contract can be updated by owner that can change rules over night.

Simple unanswered question :

How can an ethereum application be called decentralized and unstoppable if the owner has full control over it ?

It's not a technical difficult question but nobody can answer me. For DAPPs holding customer funds points 1 and 2 spells disaster.




yes. it is possible that the owner can control everything. you have to read and understand the code. and you will know if it is possible or not.

https://ethereum.org/token
Quote
CENTRALIZED ADMINISTRATOR
All dapps are fully decentralized by default, but that doesn't mean they can't have some sort of central manager, if you want them to. Maybe you want the ability to mint more coins, maybe you want to ban some people from using your currency. You can add any of those features, but the catch is that you can only add them at the beginning, so all the token holders will always know exactly the rules of the game before they decide to own one.
sr. member
Activity: 327
Merit: 250
The Best Investment Deserves The Largest Exposure
Is that so?

Oh my  Roll Eyes
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