Post: #1801

(03-18-2018 10:30 PM)Genghis Khan Wrote:  

(03-16-2018 04:49 PM)SamuelBRoberts Wrote:  It's always funny to read these articles that treat coins like real companies and think valuation comes from things like "These guys smart contracts are open source and their team has more dev experience than the competition!" (Particularly by a guy who lists forkdelta and EtherDelta as different exchanges.)
This coin's been listed on EtherDelta since september and still isn't on CMC, which isn't very encouraging.

As for the protocol itself, in terms of ETH staking, I think you're going to see so many different staking solutions out there that you won't believe it.

I don't particularly care much for RocketPool's valuation or their coin - simply thought RocketPool was an interesting project that some members here might be interesting in for staking purposes.

But I agree, I imagine there will be other stake pool opportunities. Like I mentioned earlier, Coinbase would be foolish not to get in on it - make it super user friendly, and skim a bit off the top as fees.

I hadn't considered that coinbase would get in on it, but now that you've mentioned it, you're right it makes absolutely perfect sense.

Post: #1802

(03-18-2018 07:06 PM)speculator Wrote:  We are good for now. Those banksters at G20 decided to leave us alone cause we are too small to spend time on, only 1% of world GDP at ATH prices in mid December.

Crypto market cap is also really deceiving. The actual dollars poured into crypto are a fraction of the market cap. So it's not even a fly in the ointment yet.

Post: #1803

You mean, when it DOES become a fly in the ointment, I could be a millionaire?

Whoo hoo!!

Post: #1804

Despite the fall of the price, the interest for the Ethereum infrastructure and technology seems to be growing https://www.trustnodes.com/2018/03/18/co...gle-trends

I am also thinking to start learning Solidity: it could be a great asset to have in the future job market, even though the syntax of the code looks quite complicated after a first look I took.

Post: #1805

Ethereum has yet to show a single practical application. Solidity is in demand because a bunch of people raised money that have no idea how to code and need to deliver something lol. If you learn solidity just build a prototype and run an ico, take the money yourself.
In general its a bad idea to program something on the ethereum chain because you cant guarantee to write bug free code. Its mostly intended for using boiler plate code to prevent problems.

Post: #1806

I think digix just launched properly on the Ethereum blockchain. Gold as a digital asset is actually pretty practical, as you don't have to buy/sell physical gold. You can buy it wih crypto, have DGX tokens and send them to someone, and they can cash it in for physical gold.

Post: #1807

I think digix just launched properly on the Ethereum blockchain. Gold as a digital asset is actually pretty practical, as you don't have to buy/sell physical gold. You can buy it wih crypto, have DGX tokens and send them to someone, and they can cash it in for physical gold.

Post: #1808

(03-27-2018 01:10 PM)oilbreh Wrote:  Ethereum has yet to show a single practical application. Solidity is in demand because a bunch of people raised money that have no idea how to code and need to deliver something lol. If you learn solidity just build a prototype and run an ico, take the money yourself.
In general its a bad idea to program something on the ethereum chain because you cant guarantee to write bug free code. Its mostly intended for using boiler plate code to prevent problems.

They were telling the same with Apple in 2009 and its app. The advantages of the decentralization are obvious: we will probably see a sharp increase in the dapp development and it's good to be prepared. After a first analysis surely Solidity is complex and requires to code perfectly and without bug, in order to write safe smart contracts. Apparently VeChain as well will allow dapp to be written in Solidity in its mainnet.

Post: #1809

I'm not going to pull it up 'cause it's late, but Quantstamp did a study of a giant swath of smart contracts and 50% had a security vulnerability.

It's a shit language.

Post: #1810

Ya it was typical newb CS graduate arrogance to invent his own language instead of just using one that was already made. From all accounts I've read it's poorly designed.

Post: #1811

I assume that the vulnerability is due to people not being enough skilled with the language to write solid codes...unfortunately there are still not good resources and books. But still I repeat, this is only a 3 years old language and technology (if we dont consider bitcoin which had another purpose than Ethereum), probably the language itself will be improved. Do you remember back in the end of '90 when you had to deal with a 56k internet connection taking few minutes to connect and hours to download a file?

Post: #1812

I do.

Half of all code that was written then didn't have security vulnerabilities in it.

Post: #1813

https://www.coindesk.com/chile-to-use-et...ergy-data/

Quote:Chile will use ethereum's blockchain as a way to record energy sector statistics, its government announced Thursday.

The National Energy Commission, which is a part of the country's Energy Ministry, said it would commit data to the public ethereum ledger in order to "augment levels of security, integrity, traceability and confidence in the information available to the public," according to a statement.

The commission is particularly concerned that its databases can be hacked and manipulated. The ethereum-based approach represents an alternative method for data storage, given that distributing records among a large number of nodes helps to alleviate that concern.

The commission has already begun committing some data to the blockchain, including information about installed electricity-generating capacity, average market prices, marginal costs, hydrocarbon prices and compliance with laws requiring that renewables account for a certain share of electricity generation.

Following this first stage of the project, known as "Energia Abierta" or "Open Energy," the commission will study the results and share them with other companies and government bodies in the sector.

Post: #1814

You can now buy gold, well gold-backed token DGX:

https://digix.global/app/#/marketplace

Post: #1815

"New" scaling approach (new as in being posted here for the first time, actually already a few weeks old)

Loom Network:
https://medium.com/loom-network

https://medium.com/loom-network/introduc...ea26b5b57c

https://loomx.io

Basically side-chains, and focusing on scaling data:

Quote:DAppChains are full-featured blockchains that are built to run in parallel to Ethereum Smart Contracts. They’re an advanced form of Ethereum sidechains optimized for scaling data rather than financial transactions.

Every DApp runs on its own sidechain, meaning its data is public and forkable, just like Ethereum and Bitcoin.

https://medium.com/loom-network/million-...fdc288c5e5

Post: #1816

I don't do TA, but for those who are curious, here's a chart:

https://mobile.twitter.com/antiprosynth/...9170465792

   

Post: #1817

Mobile browser for Ethereum blockchain:

https://trustwalletapp.com

For those who don't know: to interact with dApps, you can't use a regular browser. Need something that can detect you're interacting with the Ethereum blockchain. Metamask is used on Chrome.

And I believe Brave can interact with dApps as well.

This mobile browser is just another step towards getting people to use the Ethereum blockchain.

I'll test it out soon. I had trouble with Metamask when trying to use the ENS (Ethereum Name Service) to buy .eth addresses.

Post: #1818

Kyber Network adding ability to exchange for DAI directly:

https://www.reddit.com/r/ethereum/commen...r_network/

Will add support for DGX soon as well.

Post: #1819

Peepeth - Twitter on Ethereum blockchain:

https://peepeth.com/_

Is it me (it really might be me), or are all applications being built on the Ethereum platform?

Haven't really seen any applications on other platforms so far.

Post: #1820

Gengis Khan, I read many interesting posts from you about ETH, but please allow me to make a small analysis about one of the weak points in the whole idea of dapps on the Eth platform. What do you think of this article?
https://medium.com/@giltotherescue/vecha...fcfca4bde2

I have been analyzing the "dapp business" for a while but still I cannot understand how ethereum is going to deal with the monetization issue (not mentioning the issue of fluctuating price that also bitcoin has). Any opinion?

Post: #1821

(04-24-2018 03:50 AM)Giacomo Casanova Wrote:  Gengis Khan, I read many interesting posts from you about ETH, but please allow me to make a small analysis about one of the weak points in the whole idea of dapps on the Eth platform. What do you think of this article?
https://medium.com/@giltotherescue/vecha...fcfca4bde2

I have been analyzing the "dapp business" for a while but still I cannot understand how ethereum is going to deal with the monetization issue (not mentioning the issue of fluctuating price that also bitcoin has). Any opinion?

It's a valid criticism.

Quote:Imagine a decentralized eBay. A bidder has to pay a gas fee to the blockchain every time they place a new bid. How many people would be willing to do that once? But wait, now they’re outbid. Want to place another bid? Pay another gas fee. As research has shown, the pain of a loss is harder to stomach than the joy of a gain. The desire to bid again is less and less each time.

However it's also being addressed by scaling solutions such as Plasma. The idea will be that eventually dApps do everything off-chain (i.e. you don't pay fees for every interaction) and only commit to the blockchain periodically.

So imagine cryptokitties, where everything had a gas fee. Now imagine it using a Loom Plasma, you log in, breed your cats, sell them and at the end of the week, the app commits everything to the blockchain as a snapshot.

Quote:Every time you want to store information on the blockchain, even if it’s not something you would normally pay to keep track of, you have to pay a fee in cryptocurrency.

This won't be the case anymore once dApps implement Plasma. No doubt there will be some growing pains, as developers have to think through when exactly to store information on the blockchain. And also who pays for it.

My guess (and this is really just a guess) is that eventually you won't even know you're interacting with the blockchain. It'll all be in the background. Again, as an analogy, to the internet, you don't set your own IP every time you check the internet or manually have to say: "why yes, I'd like to confirm the entering of this form and send this information through the TCP/IP protocol."

That doesn't mean that if you're not a bit technically giftes, you can't make out like a bandit. As with the internet, in the early days if you understood how to program even the shittiest websites, you could make a lot of money. Nowadays, most people just install WordPress for their website.

Similarly, if you're part of the small group of people who have some understanding of how all this works, you could make much money off e.g. PoS, mining, and other information assymetries. Keep in mind Ethereum only has 30 million unique addresses. I personally have created 5-6, so let's be generous and say every person has 2 addresses. That's only 15 million people right now who are on the Ethereum blockchain.

By the time we have mass adoption, people might not even realize the dApps they're using are built on top of Ethereum. And considering the lack of technical abilities of the average person, that's what you'll need anyway.

Coinbase is imo a good example of UX - you log in and you can buy/sell cryptocurrencies. No talk about private keys etc. Ethereum already has the ENS (similar to DNS, which sets this website to rooshvforum.com instead of a string of numbers). Once that becomes a lot more easier to use, you could see Coinbase and other companies roll out ETH addresses such as:

GiacomoCasanova.coinbase.eth

Like the early day AOL email addresses.

The fact that Ethereum is already on this idea, and has so many coins working on its platform makes me very bullish.

Would you use an email address that works for 95% of websites (dApps)?

And how much effort would you make if a company today demanded you make a new email address on their platform? (E.g. dApp saying you need a Cardano address).

As for his other criticism:

Quote:You use a dApp for the first time. You click a button, the app says you need something called MetaMask. You follow the steps:

Keep in mind, this applies to every major technology, initially it's a hassle.

Can you imagine sending an email in 1995 vs. sending a paper letter? Sending email was much more inconvenient (I assume, since I wasn't old enough yet). You'd have to buy a computer, get an internet provider, wait for the internet guy to come around, create an email address, ask your friend over the phone what his email address was, etc.

Yet today, email and the internet have been ubiquitous.

This actually reminds me, applications like the Brave browser may be critical. It comes with Metamask preinstalled. And it will pay users to browse the internet (through ads). That could end up creating faster user adoption.

What we really have today is the skeleton version of blockchain technology, where everyone can see the bare foundation. It's still early days.

As for fluctuation in prices, this is where stablecoins such as DAI could come in. DAI is pegged to the USD (after determining the USD was less volatile than the IMF's SDR). This is also why I'm so excited about DGX, where 1DGX is equal to 1 gram of gold.

We may also see a day where something like BTC or ETH becomes the defacto global reserve currency instead of the USD. I'm learning economics as fast as I can right now, I'm not an expert on it by any means, but it does appear fiat currencies are losing trust as Central banks can print them nilly-willy.

And then you also have the question of what'll happen with protocol-level cryptocurrencies. They may end up getting relegated to mostly being used to pay stakers and swap tokens. I.e. this idea of using ETH to pay for your coffee may not take off due to its volatility. Then again, if ETH or BTC become the global reserve, paying 0.2 gwei for your coffee might be the same as paying $2 for your coffee and its volatility relative to the USD may not matter anymore.

We've got exciting times ahead, that's for sure.

Post: #1822

Kyber integrates with MEW:

https://blog.kyber.network/a-new-mew-kyb...eaffbea377

Quote:Integrating Kyber Network’s protocol with MEW’s interface will ensure greater token accessibility and portfolio management capabilities; millions of users will now be able to convert tokens instantly and with ease from within their MEW wallets. Even non-technical newcomers will find it a breeze to navigate the new interface and obtain the tokens of their choice.

I'm going to have to test this out, but it looks like you can swap tokens on Kyber through MEW.

I use MEW quite a bit, so this is great news for me. Now I can buy DAI and DGX without much hassle.

Post: #1823

EIP proposal for mineable tokens:

https://www.reddit.com/r/ethereum/commen...ification/

Quote:As of this morning, the ERC 918 specification draft has been merged into the Ethereum EIP master branch. This is a big moment for not only 0xBitcoin, but for the future of mineable tokens in general. A few highlights of this specification include:

EIP918Interface - This is the most general interface that contracts should follow, essentially only requires the mint() function
Creation of optional merge() function for merged mining use cases
AbstractERC918 - A more specific implementation that implements mint(), and breaks the preceding operations into 4 different phases, hash, reward, epoch and difficulty adjustments, each realized as separate abstract internal functions to be implemented by the sub contract. It additionally stores state variables for challenge number, target, tokens minted, blocks per adjustment, epoch count and statistics for the last minted token block.
Decoupling from other standards - The original spec was proposed as an extension of ERC20. After some thought and discussion, it made sense to remove this prerequisite as ERC918 should only define 'mineability'. So to create a mineable ERC20, or a mineable ERC721, one only has to use multiple inheritance. (ie. contract AwesomeCoin is ERC20, ERC918 { } )
Demonstration of a simple mining algorithm for illustration purposes Thanks to infernal_toast, mikers, Alex Tsankov and the 0xbitcoin community for pulling together and making this happen. We went into this knowing that not everyone was philosophically aligned to the idea of mineable tokens, so thanks also to Arachnid and others at Ethereum for candid feedback and ultimately taking a secular, objective, and fair stance on it.

If it goes through, we'll have mineable tokens. Could actually put Bitcoin on the ETH blockchain

Speaking of which:

https://medium.com/@admazzola/the-case-f...cbb4c34331

https://0xbitcoin.org

Post: #1824

Be careful out there:

Quote:Couple of DNS servers were hijacked to resolve http://myetherwallet.com users to be redirected to a phishing site. This is not on @myetherwallet side, we are in the process of verifying which servers to get it resolved asap.

https://www.reddit.com/r/MyEtherWallet/c...oofing_of/

Quote:It is our understanding that a couple of Domain Name System registration servers were hijacked at 12PM UTC to redirect myetherwallet[dot]com users to a phishing site.

This redirecting of DNS servers is a decade-old hacking technique that aims to undermine the Internet’s routing system. It can happen to any organization, including large banks. This is not due to a lack of security on the @myetherwallet platform. It is due to hackers finding vulnerabilities in public facing DNS servers.

A majority of the affected users were using Google DNS servers. We recommend all our users to switch to Cloudflare DNS servers in the meantime.

Affected users are likely those who have clicked the "ignore" button on an SSL warning that pops up when they visited a malicious version of the MEW website.

We are currently in the process of verifying which servers were targeted to help resolve this issue as soon possible.

A message to our MEW community:

Users, PLEASE ENSURE there is a green bar SSL certificate that says “MyEtherWallet Inc” before using MEW.

We advise users to run a local (offline) copy of the MEW (MyEtherwallet).

We urge users to use hardware wallets to store their cryptocurrencies.

In the meantime we urge users to ignore any tweets, reddit posts, or messages of any kind which claim to be giving away or reimbursing ETH on behalf of MEW.

Your security and privacy is ALWAYS our priority. We do not collect or own any user data.

We greatly appreciate your patience and understanding as we try to fight against this criminal phishing attack.

To keep up this fight against phishing, we need our amazing community to support

Post: #1825

here's the address where the stolen coins are going. $17 million worth so far.

https://etherscan.io/address/0xb3aaaae47...620a583a39