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Ethereum Governance 'not That Bad' Says Buterin Amid Fund Debate

Ethereum Governance 'not That Bad' Says Buterin Amid Fund Debate

Ethereum Governance 'Not That Bad' Says Buterin Amid Fund Debate Feb 23, 2018 at 18:00 UTC|UpdatedFeb 23, 2018 at 19:48 UTC Ethereum's governance model isn't flawed, it's just badly communicated, the cryptocurrency's creator Vitalik Buterin said in a developer meeting Friday. Coming amidst a heated debate over a proposal that seeks to standardize a method by which changes to the ethereum software would be considered as a way to retrieve lost funds, developers discussed how to clarify their process for accepting code changes and whether they should move to resolve perceived issues. Since the proposal was submitted in January, hundreds of community members have come forward against the proposal - the core of which stems back to the decisions made during The DAO hack in 2016. One of coding team's veteran members even resigned from his post amidst concern about the process and the resulting backlash. As such, Buterin's comments, made to the open-source project's top contributors, addressed what have been perceptions among users that ethereum's team of core developers hasn't been quick or authoritative enough in acting to resolve the dispute. "I actually personally think that, in general, our governance mechanism as it is de-facto is really not that bad. Probably the main flaw is not so much what the mechanism is, as how we communicate it." According to Buterin, this is due to a lack of clarity on the process proposals such as the controversial EIP 867 undergo before they are merged with the platform's live code. "The impression that a lot of community members got from the outside is that [EIP 867] is a lot closer to being merged, than from being actually implemented, or actually finally accepted, that anyone involved in the decision-making process actually intended to sign Continue reading >>

Ethereum Price Live: Ethereum Crashes To $850 As China Chaos Continues

Ethereum Price Live: Ethereum Crashes To $850 As China Chaos Continues

The price at the time of press stans at $859, a massive 22.5 per cent loss on the day so far. Ripple is down at $.98 as the collapse continues. 12.24am - UPDATE - Ethereum on the way down Ethereum is down to $890, a 20 per cent fall on the price so far today. Amplify ETFs CEO Christian Magoon has told CNBC that blockchain will transform those companies that invest in it. He said: "We are trying to skate where the puck is going to be in the future," a reference to the north American sport of "ice" hockey. 10.43am - UPDATE - Ethereum to dip below $900? It's another bad day for the family crypto. Bitcoin took a huge hit falling from $14,135 on Monday to $10,275. Ethereum has similarly sunk from $1,365 on Monday to a low of $909 today, a fall of over 32 per cent. Ripple is currently at $1.04 and could even fall below the $1 mark today. Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year LiteCoin is going down with the market dip 9.12am - UPDATE - Not just bitcoin, blockchain falls under the microscope The underlying technology of digital currencies is coming under increasing scrutiny. The Shenzhen stock exchange said yesterday that it would punish companies that speculate on blockchain technology. The exchange said on its website that it had taken supervision measures on 17 companies, including share trade suspensions to review the causes for unusual share price movements, clarification on companies involvement in blockchain technology and potential impacts on their bottom lines. Chinese regulators have taken a series of steps to clamp down on financial risks associated with virtual currency trades. A Chinese central bank official said authorities should ban centralised trading of virtual currencies as well as i Continue reading >>

Ethereum Classic On Twitter:

Ethereum Classic On Twitter: "discussion On This Topic Now On Reddit. "

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

The Value Of Ethereum, A Complete Discussion

The Value Of Ethereum, A Complete Discussion

The value of Ethereum, a complete discussion In this article I will explore and discuss theEthereum value as a project and the value of its token, the Ether. In the next paragraphs Ill explain what Ethereum added to Bitcoin, what it can achieve, what are dapps, decentralization and other topics that revolve around the Ethereum network, Vitalik Buterins creation. The article will be concluded with a summary of ethereums future plans in terms of development and general goalsto achieve. Ethereum, the decentralized global computer What exactly characterizes the Ethereum network? Why do they say that it expandedBitcoins capabilities? The Ethereum network is not only a decentralized (peer-to-peer) way to move the ether currency/value between two parties across the internet, it is much more. Ethereum allows smart contracts to be programmed and uploaded permanently into the ethereum blockchain. Anybody with an ethereum wallet can interact with a contract on the network. Also anybody can see how a smart contract exactly works/operates because it is easy to check the contract source code against the compiled bytecode on the blockchain. Bitcoin on the other hand, only allows the transfer of currency/value between two entities across the internet, it does not allow contracts to be programmed and uploaded on the blockchain. This does not mean that Bitcoin is less valuable than Ethereum, each token serves different purposes. So what can Ethereum achieve with these smart contracts? Virtually anything. Financial operations, insurance procedures, pay-as-you-use services, provably fair gambling, law related tasks and transparent crowdfunding are just a few of the many things that can be governed by smart contracts. When a smart contract starts governing a certain process, a new sense of Continue reading >>

Bitcoin, Ethereum, Ripple, Litecoin Price Drop As Cryptocurrency Laws Discussed By British Politicians

Bitcoin, Ethereum, Ripple, Litecoin Price Drop As Cryptocurrency Laws Discussed By British Politicians

Bitcoin, Ethereum, Ripple, Litecoin price drop as cryptocurrency laws discussed by British politicians Bitcoin peaked earlier in the week and is now on the slide (Picture: Reuters/ Getty) Prince Harry freaked out by cold feet next to Meghan Markle Jasper Hamill Thursday 22 Feb 2018 9:44 am The price of Bitcoin and all the other major cryptocurrencies is on the slide today following a brief recovery earlier in the week. This morning, Bitcoin is sitting at just under $10,500 (7,559) after sliding dramatically from a high of almost $12,000 on Tuesday. Parsons Green bomber who injured 51 passengers jailed for life Both Ethereum and LiteCoin also dived by roughly 5% in the same time period, whilst Ripple has plunged by 20% since last Saturday and is currently threatening to become worth less than $1. However, Bitcoin is priced much higher today than it was a week ago, when it was worth about $9.600. The crypto-slump comes as Britains Treasury Select Committee of lawmakers on Thursday threatened the introduction of new laws to govern the notoriously wild and volatile virtual currency markets. It has launched a probe whichwill focus on the opportunities and risks posed to consumers, businesses and the government by the rising popularity of cryptocurrencies, the committee said. Bitcoin surged earlier in the week before plunging (Chart: Coindesk) A global investment craze over bitcoin and other cryptocurrencies in the last year has seen wild gyrations in their valuations, making fortunes for some investors, while costing others a fortune. Bitcoin, the best known virtual currency, lost over half its value earlier this year after surging more than 1,300 percent in 2017. This week, a mass sell-off drove down the value of Bitcoin and most rival cryptocurrencies including Ethereum, Continue reading >>

Ethereum Developers In Heated Debate Concerning Fund Recovery Proposal

Ethereum Developers In Heated Debate Concerning Fund Recovery Proposal

Ethereum Developers in Heated Debate Concerning Fund Recovery Proposal Therehave been countless cases of crypto wallet hacks that have often led to the loss of enormous amounts of funds. At current, Ethereum developers are at crossroads concerning the fund recovery proposal EIP 867. This improvement could enable stolen funds to be returned to their rightful owners after being taken. Some Ethereum senior programmers are calling for an open debate to come up with the best steps to take in improving the network to make it possible to return funds lost in notorious hacks and other crypto pitfalls. on February 9, 2018, at their routine bi-weekly meeting, some programmers endorsed the controversial Ethereum improvement proposal EIP 867 , which provides a standardized format for recovery of certain classes of lost funds. However, the proposal has attracted a lot of criticism as other senior members like Yoichi Hirai do not support making changes to the Ethereum protocol just because some investors ether was stolen by hackers or lost due to ignorance on the part of the owner. Yoichi Hirai wrote in a blog post that he is not going to move a finger for such changes, adding that: The choice comes from my personal belief that each user of Ethereum is responsible for their use of Ethereum. I also believe that, if others pay for a users mistake, the payment should be voluntary donations (as opposed to freeing stuck tokens). And, originally, I just wanted a simple, deterministic virtual machine that doesnt change frequently. While both the supporters and critics of the EIP 867 proposal are still trying to reach a consensus, Ethereum developer Vlad Zamfir told stakeholders present at the meeting that: These proposals, especially proposals that do set important precedents, that impact Continue reading >>

Forum - Blockchain Announcements And Bitcoin Updates At Bitcfx.com

Forum - Blockchain Announcements And Bitcoin Updates At Bitcfx.com

Join our active forums and interact with other crypto enthusiasts and crypto traders. Find out why the market is moving in a certain direction, investigate trading patterns with other cryptopians, make forecasts and just have a good discussion with like minded people. Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform. Join the Ethereum (ETH) - BTC discussion forum and get the latest news and price movement analysis. Chat with like-minded Ethereum (ETH) - BTC enthusiasts and share your trading strategies. Join our active forums and interact with other crypto enthusiasts and crypto traders, Exchanges. Find out why the market is moving in a certain direction, investigate trading patterns with other cryptopians, make forecasts and just have a good discussion with like minded people. The deep web sites links 2018 - If you are looking website where you can find everything information about the deep web like working deep web links, The hidden wiki, .onion links, dark web search, how to access the deep web, drugs store, deep web porn, darknet markets links, fraud, credit cards and debit cards dumps Continue reading >>

Dailyfx Live Discussion With Ethereum Former Cco Stephan Tual

Dailyfx Live Discussion With Ethereum Former Cco Stephan Tual

DailyFX Live Discussion With Ethereum Former CCO Stephan Tual Fundamental analysis and financial markets. Live Cryptocurrency Discussion - March 13. Live Cryptocurrency Discussion - DailyFX and Former CCO of Ethereum Stephan Tual Nick will join Stephan Tual, former CCO of Ethereum, in the IGTV studio Discussion topics include blockchain technology adoption and ICOs Watch the interview live on March 13 at 2.00pm (UK time) Should more companies be adopting blockchain technology or is it too risky? Will proposed government regulation help or hinder the development of cryptocurrencies? Find out next week in the third #IGCryptoChat, featuring DailyFX analyst and crypto expert Nick Cawley alongside Stephan Tual, founder of Atlas Neue and Slock.it, and former CCO of Ethereum . You can watch the interview on Dailyfxs YouTube channel or via @IGTV on Twitter at 2.00pm (UK time) on March 13. The session will be followed by a live Q&A so send in any questions youd like Nick or Stephan to answer via #IGCryptoChat on Twitter. Over the session, theyll cover a broad range of topics, including but not exclusively: Whether more companies should be utilising blockchain Blockchain and cryptocurrency exchange security Continue reading >>

Is There Any Re-branding Plan?

Is There Any Re-branding Plan?

Some koreans believe that ETC will be changed name by re-branding. I do think at some point we need to drop the whole we the original chain thing and move on. Doesnt matter anymore. Rebranding might be the best way to do that. The analogy is ETC is the power source (The Sun) and the side chains are planetsyadda yadda yadda make it sound cooler. I also believe it might happen one day but only if theres a community voting mechanism in place among other things Im all for a revamping or a redux of the ETC brand collection but not a rebranding. Im not sure where this rumor that ETC was name changing came from. By the way, Ethereum Classic is regarded as the original Ethereum, the only ethereum in China. Rebranding sounds cool but its not the end-all, be-all for cryptos or any product. If a coin rebrands and doesnt improve, users will want another rebranding campaign, which is so costly. Just look at coins like with Dash, or Pivx. ETC can and will supersede the achievements of the two mentioned, without confusing users, and manipulating markets. I suggest rebrand the name by ditching the Classic moniker. In tech, classic conveys an old, outdated, resistant to change vibe. Keeping the Classic name will not help ETC in the future. On the otherhand, I think we should keep the Ethereum name because: A. ETC is the original Ethereum, and B. Ethereum has a value as a brand. Therefore, I suggest ditching the Classic. A few ideas I have: Originally I was keen to stick with Ethereum Classic, although Im starting to favor a re-brand to escape the shadows of Ethereum. ETC has different goals and use cases now so I think a re-brand maybe positive. I can see your line of thinking @peter . And I have seriously considered that idea. It was not long ago that I would have argued your point. B Continue reading >>

Ethereum Users Are Losing Money And Devs Don't Quite Know What To Do

Ethereum Users Are Losing Money And Devs Don't Quite Know What To Do

Ethereum Users Are Losing Money and Devs Don't Quite Know What to Do Feb 7, 2018 at 09:00 UTC|UpdatedFeb 8, 2018 at 05:11 UTC Ethereum is once again at a familiar crossroads. As the price of its cryptocurrency ether has soared (and then corrected) in 2018, one thing has remained constant - users continue to lose money due to hacks, faulty code and human error. It's an issue that in the past has split the platform into rivaling forces and left lingering debates - and, as recent activity on GitHub shows, tensions are escalating again. Pumping new life into the debate is the resurgence of a chat channel formed in the wake of the loss of 513,000 ether by startup Parity last year. In particular, the forum has reignited with the release of a sketch for how fund recovery proposals could be standardized to make them easier to implement. It's the second major action the team has taken, after first helping arrive at possible methods to return the lostParity funds, a proposal that was hotly rejected . Led by developer Dan Phifer from Musiconomi (an ICO issuer that saw 16,475 ether lost in the Parity freeze) and two developers from a startup called Tap Trust, the document offers a way to make it easier for ethereum clients to implement so-called state changes, or system-wide upgrades that would require all users to upgrade their software to versions reflecting redistributed fund balances. Yet, some vehemently disagree that such a mechanism is needed, going so far as to suggest the idea is out of line with the guiding ethos of the world's second-largest blockchain protocol. Already, it has been rejected by ethereum creator Vitalik Buterin, prominent developer Yoichi Hirai and communications manager Hudson Jameson - three of the six that manage the ethereum repository and thereby ha Continue reading >>

Ethereum Price Analysis - Icos Reach Record Heights

Ethereum Price Analysis - Icos Reach Record Heights

Ethereum Price Analysis - ICOs reach record heights Josh Olszewicz , 21 Feb 2018 - Ethereum , Opinion , Price Analysis Ethereum ( ETH ) has essentially held steady in February. The market cap now stands at US$89.55 billion, with US$1.58 billion traded on exchange over the past 24 hours. While daily traded volume is down sharply from late December and early January, the Ethereum platform continues to be adopted by an array of startups and is now being used at-large, reducing traditional banking friction, increasing payment speed, and removing intermediaries. The World Food Programme, a United Nation organization that feeds as many as 100 million people across 80 countries, expects to cut millions of dollars in bank transfer fees by switching to a system using the Ethereum network, according to Bloomberg . We felt we could replace the services offered by banks with blockchain, said Robert Opp, who manages innovations that help the organization better spend its annual $6 billion budget. Blockchain helps promote collaboration by providing enormous amounts of data. Consensys and Amalto Technologies recently announced a joint venture, Ondiflo , a company which will also be using the Ethereum blockchain. Amalto Technologies provides innovative enterprise-levelsolutionsenabling B2B integration and electronic document exchange services to various markets including theOil & Gasindustry. The Houston, Texas-based company would assist with supply chain management through improved scheduling and dispatching, accurate measurement of discharged fluid volume, precise invoicing, significantly reduced revenue leakage, and zero to very few coding errors. The service also promises to greatly reduce cash-flow problems by decreasing time to payment. Joseph Lubin, Founder ofConsenSysand co-fo Continue reading >>

Ethereum Security Flaws And Developments: Devcon3 Discussion

Ethereum Security Flaws And Developments: Devcon3 Discussion

Ethereum Security Flaws and Developments: Devcon3 Discussion Martin Swende Ethereum Foundation Lead ended his lecture on security and smart contracts security on the note: Everyone here is a target for attack. Be paranoid. There wasThe DAO hack, where millions of dollars in ether was stolen due to a smart contract bug. There was the time ethereum transactionsslowedbecause of an unknown attacker this on one of Swendes first days working on the protocol, no less. And then just a few months ago, ethereum clientParity lost$30 million after being hacked. Keeping in mind the various BTC related attacks. Having said that, enthusiasts and developers believe that there is much room for improvement when it comes to Ethereums security despite its era-changing technology. On the second day of this years Devcon event, much was talked around the security of smart contracts as their vulnerabilities in the code are the origin where many are loosing money. The CTO of Zeppeling [blockchain security company] Manual Araoz, commented on the matter as 2016 was the dark age of ethereums security however there are improvements that took place and are being made. Just to have in mind, upgrading the smart contracts security or anything once they are running is very problematic. If there is a bug in the code of the contract which is made without safeguards there is no hope for developers to improve it. However, a new OS project by Zeppelin is on the work which will make it very much easier to edit around the code once it is on the go-phase. If we have a bug or need to improve the program, we can do so. It can be used to fix production code, he said. While it doesnt solve the upgrading problem completely, the project provides a new tool and these additions to the ethereum developer toolbox are ac Continue reading >>

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate Ethereum Improvement Proposal #867 has been closed and then reopened for discussion, with Github users posting negative opinions about it. The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare. The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as an option for how to more easily modify the Ethereum (ETH) Blockchain to redistribute address balances in the circumstance of lost funds. EIP editor Yoichi Hirai had criticized the draft for what he saw as its violation of a Japanese law about the creation of electromagnetic records, as well as it being at odds with Ethereum philosophy. When the original proposal was closed, the Ethereum Reddit community responded positively in a thread that congratulated the community, one user calling it a big win for the Ethereum community and network. Comments on Github on the opened version of proposal #867 showed the polarity of users views on standardizing lost fund recovery. User oxidizer called the proposal a Trojan horse for Ethereum, writing that adding a recovery mechanism, no matter the amount of refinement and "safeguards" put in place, weakens the protocol. User Aribo went into more detail about the functions of the Ethereum philosophy, stating that fund recovery is not the responsibility of the systems developers: Instilling the recovery of funds as a necessary function of the system is IMO misunderstanding the function of the system. Ethereum is not a bank or a private company that has profits/losses and investments. If someone loses money in the economic system cr Continue reading >>

Ethereum, Crypto And Blockchain Tech Discussed At Sxsw 2018

Ethereum, Crypto And Blockchain Tech Discussed At Sxsw 2018

Cryptocurrency and blockchain technology were two of the hottest topics of discussion during South by Southwest (SXSW) 2018. Conference organizers geared up for blockchain and cryptocurrency discussions last year, publically announcing that a new additionto the 2018 lineup wouldbe a series of sessions specifically focused on blockchain technology. This year, SXSW kicked off with a jam-packed keynote entitled Why Ethereum is Going to Change the World featuring Ethereum co-founder Joseph Lubin. During the panel, Lubin spoke with Forbes reporter Laura Shin about Ethereum and his new blockchain software technology company, ConsenSys. As the panel began, Shin gave a brief explanation of what blockchain technology can do, noting that the deeper, more interesting question now is, What is Ethereum? Lubin explained that Ethereum was created by Vitalik Buterin in 2013as a vision for a system that is scalable in terms of human action and as a general platform for decentralized applications. Since then, Ethereum has captured the worlds attention, acting as a decentralized governance tool that can be appliedto various industries, which is what Lubins new blockchain technology company, ConsenSys, is focused on achieving. We are building about 25 different platforms in various different industries, from music to health, in which we are really seeing the nature of business shifting. This is what we are calling the decentralized world wide web, or web 3.0, Lubin explained. Its a way of doing things that involves trusted transactions and automated agreements on Ethereum, but it also provides protocols for decentralized storage and decentralized heavy compute. Lubinnoted that ConsenSys is building a protocol-based open platform where different actors can use these open networks to introd Continue reading >>

Ethereum Devs Call For Public Debate On Fund Recovery

Ethereum Devs Call For Public Debate On Fund Recovery

Ethereum Devs Call for Public Debate on Fund Recovery Feb 9, 2018 at 18:05 UTC|UpdatedFeb 10, 2018 at 17:00 UTC Ethereum's more senior developers are calling for a public debate over what steps, if any, should be taken at the software level to return funds lost in high-profile hacks and incidents. In a bi-weekly meeting Friday, the developers took sides over a controversial ethereum improvement proposal, EIP 867 , which advocates for a method of returning funds to potential victims. As profiled by CoinDesk , the issue has emerged as a lightning rod due to the fact the proposal advocates using system-wide software upgrades as a possible fix. It perhaps wasn't a surprise then that the meeting showcased the passions on either side of what is becoming one of the platform's more prominent arguments. Still, others sought a more middle-ground solution, such as having a more public debate. Ethereum developer Vlad Zamfir told attendees: "These proposals, especially proposals that do set important precedents, that impact the relation of the community and the platform, I think need to be subject to a public debate that I'm not actually sure the EIP process is designed to handle." In response, community manager Hudson Jameson agreed, stating his belief the debate should play out on social media. Likewise, independent developer Alexey Akhunov proposed a live video debate between developers. Some struck a reserved tone to the idea, though. Developer Piper Merriam warned that a live discussion was liable to become a "politician-based thing," stating that the debate should remain in written form. "Otherwise it's a popularity contest," he said. As such, the comments hint at another component of the debate, one that has tackled the issue just what role developers should play in blocking Continue reading >>

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