The RISE of ETHEREUM CLASSIC - A Black Swan Moment?

BillyBobZorton

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Quote from: tokeweed on July 24, 2016, 10:14:23 PM

Quote from: s1gs3gv on July 24, 2016, 09:08:46 PM

Quote from: tokeweed on July 24, 2016, 07:07:48 PM

Forked Ethereum is a precedent of what might come.

May a thousand flowers bloom. Good for BTC

But it's not good for cryptocurrency as a whole. It could (arguably) even hold Bitcoin back. The uncertainty caused by Buterin could hurt us all as supporters whether you're a developer, researcher, entrepreneur or speculator.

Wrong to be honest. Its only bad for ETH, the world will go on. Nobody is going to stop because of this. BTC is a separate entity, and ETC is doing a good job separating itself from bailoutcoin (ETH).

Soul_eater_123

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New post.

https://steemit.com/cryptocurrency/@thecryptofiend/etc-making-another-big-surge-could-the-value-start-approaching-eth

Soul_eater_123

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New article:

Is the DAO Hacker a White Hat?
https://steemit.com/steemit/@thecryptofiend/is-the-dao-hacker-a-white-hat

Soul_eater_123

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Quote from: GreenBits on July 28, 2016, 09:24:35 AM

Quote from: monsanto on July 27, 2016, 07:40:17 PM

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

ETC is going to have to eventually fork also if it is going to avoid the difficulty bomb.

Wait, what? This isn't over yet? And there is still the possibility of yet another fork? The article wasn't clear to me if both chains would require an eventual fork. just a definite on ETH.

Mind is blown. Even if Godzilla becomes involved with this at some point, I'm jaded.

Charles Hoskinson who used to be with the foundation but left is now joining ETC (no joke). He announced it on Twitter. Anyway am holding both to hedge my bets.

Soul_eater_123

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Quote from: dinofelis on July 28, 2016, 09:33:17 AM

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

But what is this thing with a "replay attack" ? To me that's no attack at all. If you sign a transaction that was on the old chain, then of course that signature is as valid on the new chain A as on the new chain B. Remember that what was protecting your old UTXO on the old chain was the fact that you didn't gave out a valid signature and that you were the only one being able to produce one. So once your signature is out, it is of course out for both chains.

The trick is to only sign transactions that include UTXO that are only valid on one chain. For that, you need to obtain 1) DAO hacker coins or 2) DAO return address coins or 3) freshly mined coins on one of the chains. You don't need much of it: a bit of dust of one of these is enough to make a transaction that will be considered invalid on the other chain, so that you can REDO a signature, but this time on the second chain.

But for sure it is not an "attack". I don't know why people call it that way. If you have given out the signature in public, of course people will use it.

Yes exploit would be more accurate. Thats what people call it I think it is based on a cryptographic term where the term attack is used.

European Central Bank

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Pretty soon there's gonna be an eth fork for every single crypto user.

If that isn't empowerment then i dunno what is.

dinofelis

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Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

But what is this thing with a "replay attack" ? To me that's no attack at all. If you sign a transaction that was on the old chain, then of course that signature is as valid on the new chain A as on the new chain B. Remember that what was protecting your old UTXO on the old chain was the fact that you didn't gave out a valid signature and that you were the only one being able to produce one. So once your signature is out, it is of course out for both chains.

The trick is to only sign transactions that include UTXO that are only valid on one chain. For that, you need to obtain 1) DAO hacker coins or 2) DAO return address coins or 3) freshly mined coins on one of the chains. You don't need much of it: a bit of dust of one of these is enough to make a transaction that will be considered invalid on the other chain, so that you can REDO a signature, but this time on the second chain.

But for sure it is not an "attack". I don't know why people call it that way. If you have given out the signature in public, of course people will use it.

GreenBits

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Quote from: monsanto on July 27, 2016, 07:40:17 PM

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

ETC is going to have to eventually fork also if it is going to avoid the difficulty bomb.

Wait, what? This isn't over yet? And there is still the possibility of yet another fork? The article wasn't clear to me if both chains would require an eventual fork. just a definite on ETH.

Mind is blown. Even if Godzilla becomes involved with this at some point, I'm jaded.

GreenBits

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Activity: 1148

Merit: 1048

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

Wait, what? This isn't over yet? And there is still the possibility of yet another fork?

Mind is blown. Even if Godzilla becomes involved with this at some point, I'm jaded.

Soul_eater_123

legendary

Activity: 952

Merit: 1000

Quote from: monsanto on July 27, 2016, 07:40:17 PM

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

ETC is going to have to eventually fork also if it is going to avoid the difficulty bomb.

Yes I think I got it a bit backwards actually. This whole thing is a big mind-fuck if you excuse the language. My head is exploding with all the new developments.

monsanto

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..like bright metal on a sullen ground.

Quote from: Soul_eater_123 on July 27, 2016, 04:10:42 PM

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

ETC is going to have to eventually fork also if it is going to avoid the difficulty bomb.

Soul_eater_123

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Activity: 952

Merit: 1000

It never ends:

https://steemit.com/cryptocurrency/@thecryptofiend/ethereum-must-fork-again-is-this-the-end-for-eth

SmirkinPepe

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Quote from: monsanto on July 26, 2016, 12:10:48 PM

Quote from: TrueAnon on July 26, 2016, 10:46:58 AM

Now ppl want others to read/check their STEEM articles to make more money on ETH/ETC scam news LMAO!!!

Crypto... it's turtles all the way down.

hahahaha

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: tokeweed on July 24, 2016, 06:50:40 PM

Classic Ethereum looks like it will be staying for a while. But who is developing/maintaining it? Are there a group if volunteers of core developers to bring the project forward?

Quote from: Zsolt Felföldi

let’s make it clear that we (the ethereum developers) have never abandoned the old chain.

The "Ethereum Classic" chain is just as much our child as the forked one, and if both of them survive (which is the users’ choice, not ours), then I intend to take care of them equally in the future too.

Zsolt Felföldi is an ethereum developer working on the Go implementation of the ethereum protocol, sometimes called Geth.
http://www.coindesk.com/tale-two-chains-ethereum/

This ETH dev says which fork survives "is the users’ choice, not ours" but Chancellor Butarin believes he makes the law, passes the sentence, and should swing the sword.

Comedy ensues, then intensifies.

Tmdz

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Quote from: Golftech on July 26, 2016, 02:28:54 PM

Quote from: Soul_eater_123 on July 26, 2016, 02:26:23 PM

Kraken is adding ETC:

https://steemit.com/steemit/@thecryptofiend/largest-bitcoin-exchange-kraken-to-launch-ethereum-classic-trading

how i wonder if this movement is for real or another pump and dump case from eth project, really annoyed me but if this one works well eth
will pump more and more, let see how far it can go.

With that announcement the price movement is due to the speculation that kraken will bring more trading, but all the eth holders there will instantly have ETC to trade. That means a dump so time to consider again about buying in and gambling a bit when that happens.

Golftech

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Quote from: Soul_eater_123 on July 26, 2016, 02:26:23 PM

Kraken is adding ETC:

https://steemit.com/steemit/@thecryptofiend/largest-bitcoin-exchange-kraken-to-launch-ethereum-classic-trading

how i wonder if this movement is for real or another pump and dump case from eth project, really annoyed me but if this one works well eth
will pump more and more, let see how far it can go.

Soul_eater_123

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Activity: 952

Merit: 1000

Kraken is adding ETC:

https://steemit.com/steemit/@thecryptofiend/largest-bitcoin-exchange-kraken-to-launch-ethereum-classic-trading

monsanto

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..like bright metal on a sullen ground.

Quote from: TrueAnon on July 26, 2016, 10:46:58 AM

Now ppl want others to read/check their STEEM articles to make more money on ETH/ETC scam news LMAO!!!

Crypto... it's turtles all the way down.

TrueAnon

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Activity: 1120

Merit: 1000

Now ppl want others to read/check their STEEM articles to make more money on ETH/ETC scam news LMAO!!!

Soul_eater_123

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Activity: 952

Merit: 1000

New Post Here:

https://steemit.com/cryptocurrency/@thecryptofiend/ether-wars-ethereum-classic-price-and-volume-reach-ath

Topic: The RISE of ETHEREUM CLASSIC - A Black Swan Moment? (Read 2152 times)