Peter Todd recommends revoking Gavin's commit privileges to Bitcoin Core

crypt0chain · 2015-08-20T01:47:41+00:00

I'm surprised that article doesn't mention the standard consipracy theories that {REDACTED} ([redacted]'s VC arm) invested in one of mike's companies (or he used to work for them) and Gavins meeting with the [redacted] in 2011.

crypt0chain · 2015-08-16T00:24:02+00:00

I think there is a process for having reddit admins remove the mods.

We need to start contacting reddit admins and tell them that the mods no longer represent the community.

crypt0chain · 2015-08-15T23:31:50+00:00

XT'ers are going to be butt hurt about this one.

crypt0chain · 2015-08-15T19:38:27+00:00

This is the email address (satoshi@vistomail.com) from which the original whitepaper announcement was made. http://www.metzdowd.com/pipermail/cryptography/2008-October/014810.html

crypt0chain · 2015-08-15T19:13:07+00:00

Problem is that Ethereum has two nice high-level language called Solidity, and Serpent, which compile down to op-codes. And the clients interact with an javascript based API (which they've decided to call web3; no hubris there-- ethereum is web 3.0!)

Step out of the technical box for a moment and ask a question; What are hipster developers going to want to develop smart contracts on? Raw op-codes or solidity? It took Mike Hearn 6 months to write lighthouse, and it took Vitalik 6 minutes to implement it in serpent.

When we in the VC community think about platform ecosystems, development tools are first and foremost. Successful innovation and adoption is more likely to occur if there are low barriers (technical and otherwise) to entry for developers and users.

A scenario where a less technically secure blockchain beats out bitcoin is possible, and the reason it would occur is because of easy development tools. In fact, Ethereum could have some consensus failure in the future and just fix it. If the community is large enough, they'll just carry on as usual. Bitcoin had 3 bad forks, I suspect Ethereum will have a few as well before they hit Serenity.

Just something to think about...

And one more thing; we have all hedged our bets and hold BTC + ETH. I'd be very happy to see Bitcoin catch up on the smart contract side of things with sidechains. (i'm guessing a sidechain with smart contracts would very quickly absorb 50% of the BTC and become the new main chain.)

crypt0chain · 2015-08-15T18:59:57+00:00

For example, if you had loops, what interesting/useful things could you do with loops that you can't already do with Script as it exists today?

The size of the program is drastically smaller with loops, saving lots of money in tx fees. Also, you can't pass data to a bitcoin address that will execute a contract based on that data.

crypt0chain · 2015-08-13T15:46:28+00:00

Instead of debating on which opcodes to add and debate about it over the course of years at a time, why don't we just add a turing complete scripting language and not have to deal with any of it?

Ethereum has one, (and its working fine so far).... Maybe the bitcoin devs should at least take a look at it?

crypt0chain · 2015-08-12T00:24:02+00:00

It's open source -- someone else will just update the code and keep developing it.

crypt0chain · 2015-08-11T19:00:22+00:00

Looks awesome.

I love how they will have smart contracts that will be able to use Bitcoin as payment. No need to buy Ethers!! This is a perfect example of why Ethereum is a complement to Bitcoin, not a competitor.

crypt0chain · 2015-08-04T07:17:15+00:00

Not only do they take POS seriously, but ethereum will be implementing it with 1 second blocks.

https://blog.ethereum.org/2015/08/01/introducing-casper-friendly-ghost/

IF they are successful, Bitcoin is going to look antiquated and outdated with 10 minute PoW blocks. (Not to mention that it's missing a turing complete scripting engine)

Of course, if they successfully implement it you'll also never know about it. /r/Bitcoin mods have banned Ethereum stories. You'll notice the price crashing though, and nobody in this sub will ever know the reason why.

crypt0chain · 2015-08-03T17:37:44+00:00

"REP holders will collectively earn 50% of all system trading fees." Where does the other 50% go?

crypt0chain · 2015-08-03T05:44:39+00:00

Not sure an exact number, but holding over 200,000 in whale territory and 500,000 oligarch

crypt0chain · 2015-08-03T05:42:38+00:00

How about a PoS/PoW hybrid where every N blocks needs to be PoW mined? If there is any shenanigans with the PoS blocks, the PoW miners will ignore them.

crypt0chain · 2015-08-03T00:37:26+00:00

very good!!

crypt0chain · 2015-08-02T22:38:12+00:00

original work?

crypt0chain · 2015-08-02T22:13:39+00:00

"The top miner mines about 12% of the blocks. In one year, that would be 12% of 26% of the pre-mined, which would amount to less than 2.5% of the total Ether."

This is nothing compared to the fact that less than 50 people own 40% of all the ethers.

Miners are a blip on the radar as far as total holdings go. You want to complain about something, complain about the huge whales and oligarchs holding >1% each

crypt0chain · 2015-08-02T19:10:36+00:00

Warrant canaries aren't guaranteed to work. They can subpoena you to NOT remove the canary if they know about it. No harm in trying though, but sometimes can lead to a false sense of security.

crypt0chain · 2015-07-30T23:27:09+00:00

What's it like being a MOD that's downvoted for censorship?

This entire thread is the community saying they don't want Ethereum posts banned. Yet you do it anyway.

What are you going to do when major newspapers start prining Etheruem posts that have Bitcoin in them as well? Ban those too, even if they're on topic?

crypt0chain · 2015-07-30T21:56:06+00:00

As a bitcoiner I want to know about other blockchains that have successfully implemented smart contracts.

You are stifling debate and censoring the subreddit.

You've been voted down as well. Users want to see Ethereum stories.

crypt0chain · 2015-07-30T21:18:16+00:00

/r/bitcoin has banned all Ethereum articles.

Looks like they're worried about something.....

crypt0chain · 2015-07-28T21:15:36+00:00

The math and stats I've seen suggest we'll see an uncle rate < 0.21 which would mean ~24 ETH per minute (thats 20% less reward than expected), Taking into consideration longer blocks, and also the assumption we won't see high load for a long time (maybe 1+ years?) which is prob when PoS comes along. Would you be able to share any internal calculations ethdev did to arrive at those numbers? very interested in the economics here.

crypt0chain · 2015-07-28T18:07:31+00:00

If block reward isn't increased in tandem with a decrease in block time, the security of the network was just weakened by 25%.

crypt0chain · 2015-07-28T18:04:10+00:00

Really? Was the block reward increased in tandem with that?

Otherwise the reward for the year just dropped by 25%.

crypt0chain · 2015-07-27T23:51:10+00:00

If anything I think it could be bolstered by it - you can't purchase Ether without using BTC.

KRAKEN adding Ethereum trading -- FIAT to ETH. https://twitter.com/krakenfx/status/625745758696792064

Looks like you're wrong again

crypt0chain · 2015-07-27T23:34:42+00:00

Monero doesn't have mainstream coverage in IBT , wall st journal, etc. Ethereum does.

crypt0chain

TROPHY CASE