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Virtual Currency - Alt Coin Discussion Thread Virtual Currency - Alt Coin Discussion Thread

03-15-2017 , 03:50 PM
where do u check that master nodes went down ?
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03-15-2017 , 04:19 PM
Quote:
Originally Posted by tokeweed
Lol. Lots of people here are very clueless of what's really going on in the alt scene. ETH is known not scale, even if they switch to their implementation of POS. And what are you saying 'he takes it to the next level'. Don't fall for Vitalik's BS.

It's all a bubble. So get in, then get out.
I think POS + sharding can scale
Virtual Currency - Alt Coin Discussion Thread Quote
03-15-2017 , 04:38 PM
Quote:
Originally Posted by housenuts
I think POS + sharding can scale
Lol. Sharding? Try tweeting Peter Todd asking what that really is. It's all a bunch of BS from Vitalik. Just like his quantum computer scam.

And I don't think Ethereum will switch to POS ever.

http://www.newsbtc.com/2016/08/17/gr...computer-scam/

Edit: Maybe I should quit posting here what's up and keep the money flowing to alts.
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03-15-2017 , 05:06 PM
dont buy fake news
Virtual Currency - Alt Coin Discussion Thread Quote
03-15-2017 , 05:25 PM
Quote:
Originally Posted by tokeweed
Lol. Sharding? Try tweeting Peter Todd asking what that really is. It's all a bunch of BS from Vitalik. Just like his quantum computer scam.

And I don't think Ethereum will switch to POS ever.

http://www.newsbtc.com/2016/08/17/gr...computer-scam/

Edit: Maybe I should quit posting here what's up and keep the money flowing to alts.
So some guy named Gregg claims Vitalik took some money. NICE info! And who the **** should be telling Vitalik what's possible and what's not :-).
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03-15-2017 , 05:32 PM
Some guy named Greg? Lol ok.
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03-15-2017 , 05:50 PM
Greg has a neckbeard
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03-15-2017 , 06:01 PM
Upon looking him up.. first article: http://www.coindesk.com/gregory-maxw...ore-developer/

“When bitcoin first came out, I was on the cryptography mailing list. When it happened, I sort of laughed. Because I had already proven that decentralized consensus was impossible.”

Lol, so he's already stated something he though was impossible, happened. And now he's saying something Vitalik wanted to do was impossible. Go figure. Sounds like he's probably just not as smart as the rest off the innovators.
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03-15-2017 , 06:05 PM
Maybe. But that doesn't change that Vitalik spews BS that has all been eaten by its supporters with a fork and a knife. He farts a lot too and everyone loves smelling it.

Edit: Anyway, give Ethereum 3 or 4 more years until he's proven a scammer.
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03-15-2017 , 06:15 PM
Quote:
Originally Posted by tokeweed
Maybe. But that doesn't change that Vitalik spews BS that has all been eaten by its supporters with a fork and a knife. He farts a lot too and everyone loves smelling it.

Edit: Anyway, give Ethereum 3 or 4 more years until he's proven a scammer.
I mean what else do you want? 500 more POW coins like DASH and every other coin in existence. Or someone trying to solve a problem no one else could. Mining farms all over the planet is just ****ing stupid. In 3-4 years ETH will be super low or super high. Risk/Reward.

And if it doesn't work out it doesn't necessarily mean he's a scammer. When your doing brand new **** you never know if something will 100% work out.
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03-15-2017 , 06:21 PM
I want to see that proof that Ethereum doesn't scale. During beta they sustained ~30tps right? And during the ddos attacks they improved performance by ~10x. But mostly, it has not shown that this was the max by any means, it was just what the load the network was sustaining.

Sure you can make cute theories about why it will not scale. Imo just test it instead and check the numbers. Also Raiden seems to be ready in a few months. I feel confident that even if Ethereum can handle some magnitudes of growth before blocks are full and people are paying >$1/transaction.
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03-15-2017 , 06:53 PM
the issue with Ethereum isnt whether or not it will scale, its about how many unplanned hfs it will take to make sure that its implementations are secure.
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03-15-2017 , 08:12 PM
Ok you guys are right. Sorry. Will stop arguing now.
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03-15-2017 , 08:16 PM
Quote:
Originally Posted by aggo
the issue with Ethereum isnt whether or not it will scale, its about how many unplanned hfs it will take to make sure that its implementations are secure.
Hardforks will happen. The market seems to be okay with this.

I would think more TheDAO-like hardforks are unlikely, but I assume some more anti ddos hardforks will happen now and then. Imo the attacks this winter was great for Ethereum, I want more attacks to happen. The sooner the better. And I even think the split was great, it brought some chaos and antifragility to the community and it was well needed that some people who had strong opinions of what could happen actually got to see what happened.


Also the price has been really fun to rail the last few days! =)

$40 today?
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03-15-2017 , 10:39 PM
Metropolis, Casper and Serenity hardforks are already known and planned for. Metropolis should be in 3-4 months.
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03-15-2017 , 11:52 PM
Can't remember if I posted this or not.

http://www.reddit.com/r/ethereum/com..._on_metropolis

Nice clip on the path to POS. What I find interesting is how rewards will essentially be cut in half over the next 3 months temporarily.. will this add to the charge? We've seen with other cryptos how when oncoming supply diminishes, price explodes.

There's like a weird math thing, when BTC halves, you expect it to double but it quadruples.

Essentially the impact of less oncoming supply seems to have a larger effect then you would think.

Hell Zcash hit 2 million a coin when it came out :-)
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03-16-2017 , 01:44 AM
So, the flippening. Is that something possible or not?
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03-16-2017 , 02:01 AM
Quote:
Originally Posted by BABARtheELEPHANT
So, the flippening. Is that something possible or not?
The flippening would make me a happy man.
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03-16-2017 , 03:04 AM
Quote:
Originally Posted by tokeweed
Ok you guys are right. Sorry. Will stop arguing now.
Don't stop. This stuff is so damned complex the last thing anyone needs is an echo chamber.

As other have pointed out there is key person risk around Vitalik. I just can't come close to your view of 'scammer' / 'incompetent'.

Of course he is no superhero. And yes the team all shoulder blame for the faults allowing DAO hack and in immature response to same. This is a biiiig project though that very largely appears to be completely on the rails. On balance, human, not incompetent.

Where are you getting 'scammer' from? If there is any background to him that supports this it is super relevant. Any skeletons, any hanging with the wrong crowd, whatever. I haven't found it. Not just Vitalik either, any of the lead team.
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03-16-2017 , 03:08 AM
Quote:
Originally Posted by housenuts
The flippening would make me a happy man.
Note sure what this is, does this mean ETC takes over ETH?
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03-16-2017 , 04:41 AM
Quote:
Originally Posted by heltok
Also the price has been really fun to rail the last few days! =)

$40 today?
checkmark
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03-16-2017 , 04:48 AM
Quote:
Originally Posted by onemoretimes
Note sure what this is, does this mean ETC takes over ETH?
Think bigger, much bigger
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03-16-2017 , 05:04 AM
Quote:
Originally Posted by onemoretimes
Note sure what this is, does this mean ETC takes over ETH?
I believe the 'Flippening' refers to ETH overtaking BTC in market cap.

How are you guys balancing your holdings?

As I'm much more comfortable in my understanding of BTC compared to ETH I'm going to be overweight towards BTC, but I'd like to begin building an ETH balance also.

Does a 5:1 ratio BTC balance to ETH balance sound about right?
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03-16-2017 , 05:35 AM
Quote:
Originally Posted by TheMVP
Does a 5:1 ratio BTC balance to ETH balance sound about right?
A regular fund manager with instruction to "get some exposure to crypto but don't invest in any potential scamcoins" would likely end up with BTC and ETH. It is the prevailing view that these are the top 2 for the foreseeable.

From there, here are the views of folk far more qualified than me on how to split:

https://cointelegraph.com/news/krake...coin-and-ether
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