The soft fork has failed

Poker_Star
Poker_Star

The soft fork has failed. Second crash imminent. Is this the beginning of the end for ethereum?

All urls found in this thread:
https://www.quora.com/How-can-the-Halting-Problem-be-explained-to-a-layman
Deadlyinx
Deadlyinx

beginning of the DIP

TurtleCat
TurtleCat

@Poker_Star
Buy the dip tho

StrangeWizard
StrangeWizard

Yikes. They're starting to get desperate. This is not going to end well.

Spazyfool
Spazyfool

@StrangeWizard
If they hard fork, there's going to be a huge dump. Shorting now in anticipation.

Dreamworx
Dreamworx

@Poker_Star
i knew eth will fail the first time i heard about the concept

Snarelure
Snarelure

@Dreamworx

What was the concept?

I have an iq of 155 according to various respectable online sources and I still have no fucking idea what exactly the DAO did was supposed to be doing.

Thankfully I was smart enough to stay out of shit I don't understand unlike all the retards who fell for it.

BinaryMan
BinaryMan

Even if they hadn't done all this shit to try to get the dao coins back, it still would've been possible. So if the devs can at any time decide to just do whatever, what even is the point of a decentralized currency?

ZeroReborn
ZeroReborn

don't be afraid.
he will guide you through it all.
he will make you rich beyond your wildest dreams
he has been sent here for a reason

Dreamworx
Dreamworx

@Snarelure
cool story smartypants wagecuck
then why didn't you short
btw shorted just before the dip

SniperWish
SniperWish

@ZeroReborn
This. Vitalik is the son of Satoshi. He was sent by the crypto gods to save humanity from the financial establishment.

LuckyDusty
LuckyDusty

@ZeroReborn
Still holding :)
Till $1000 :D

Nojokur
Nojokur

@Snarelure
What was the concept?
it was the whole turing complete evm that tipped me off they are retarded. also the site is just a bunch of bullshit for laymen it smacks you in the face when you visit.

PackManBrainlure
PackManBrainlure

@Nojokur
Would you care to elaborate?

VisualMaster
VisualMaster

@PackManBrainlure
Just look up the halting problem on wikipedia.
Tldr for any non trivial program in a turing complete language it is impossible to fully predict its behaviour.

I think you can figure out why sending millions into a trustless complex program is idiocy yourself.

Crazy_Nice
Crazy_Nice

@VisualMaster
FYI

https://www.quora.com/How-can-the-Halting-Problem-be-explained-to-a-layman

cum2soon
cum2soon

@VisualMaster
Just look up the halting problem on wikipedia.
Not this shit again.
Tldr for any non trivial program in a turing complete language it is impossible to fully predict its behaviour.
That's not what it means, it is definitely provable for a large class of programs if/under what conditions they will halt. It's just that there's no single, general algorithm that will do this for every program.
Besides, programs on the ethereum blockchain need gas to run, so if they run out of gas and stall that's your own problem and you're a shit programmer.

ZeroReborn
ZeroReborn

@cum2soon
Please name this class of programs and how this set overlaps with the fantastic financial smart contracts that ethereum would bring into the world.

Besides the halting problem shows that even a seemingly trivial problem (does this program stop at some point in time or not) is undecidable. We can infer that bigger issues (such as provable security) are going to be undecidable as well...

This is the reason programming languages exist that are made simpler and decidable ON PURPOSE. So you can PROOF it has certain security properties. You can never PROOF thus for Ether except for trivial programs FOR WHICH YOU DIDNT NEED ETH IN THE FIRST PLACE.

StonedTime
StonedTime

@Snarelure
The idea was that you invest your ethers in a big coded pot, that allowed all contributors to vote on what the money is used for...

people then suggest what to do with the money, the community votes (again, all coded) on what to do with the money.. The returns on the investment are funnelled back to the investors.

The problem was the coded pot (called the DAO) allowed you to make little -sub- pots inside it under your control. and the hacker moved millions into his own 'sub-pot'.

The big pot and all sub pots don't allow withdraws out of the pot for 30 days, and so we had a 30 day grace period to figure out what the fuck to do.

Ignoramus
Ignoramus

@Snarelure
@StonedTime

The big problems with it were A) it was shittily coded.

B) It was coded/created by the same people that were to be its first big 'investment'.

The idea that it was 'uncontrollable' and basically free code that would run regardless of laws or any sort of central control blew up in their faces because now they can't just 'patch' any errors in the code. (especially ones that allowed people to make the sub-pot DAOs).

They can however turn the clock back on the underlying 'engine' (ethereum) that this whole platform is running on.

Methshot
Methshot

@ZeroReborn
This is the reason programming languages exist that are made simpler and decidable ON PURPOSE. So you can PROOF it has certain security properties. You can never PROOF thus for Ether except for trivial programs FOR WHICH YOU DIDNT NEED ETH IN THE FIRST PLACE.
Yea, this is the point of ethereum.
Please name this class of programs and how this set overlaps with the fantastic financial smart contracts that ethereum would bring into the world.
Basically any human-created program that works as intended. I really don't get why you guys keep bringing up the halting problem. It's like new-agers using gödel's incompleteness theorem to justify whatever bs.

BinaryMan
BinaryMan

@Poker_Star
judging from his picture you'd think he would be more principled

SomethingNew
SomethingNew

@Snarelure
according to various respectable online sources

pfhahahaha how naive can kids be nowadays.
what your horoscope from respectable online sources said today you fucking retard?
b-but muh facebook personality test told me I am special.

Bidwell
Bidwell

@Snarelure
retard

lostmypassword
lostmypassword

REBOOT this bitch. Fuck the Nocoiner and BTC shills screaming HF compromises our libtard principles. Get the ETH..dump that shit. BUY the motherfucking dip from hell and sit back and make bank watching ETherium retake its rightful place as the blockchain dap platform that dreams are made of.

FastChef
FastChef

@lostmypassword
retake its rightful place
that would be in the sad dump of forgotten things

Evil_kitten
Evil_kitten

@Snarelure
If you cannot understand The DAO, your IQ is below 100.

Dreamworx
Dreamworx

@Snarelure
no fucking idea what exactly the DAO did was

It was a mutual fund with an elected manager. I have no idea why you would want to pool your money with ethards but that was the idea.

Soft_member
Soft_member

Anyone care to humor & inform me?

So is Ethereum's innovations upon the blockchain really something seriously *nextlevel*? Worth speculating on?

Secondly, I saw some articles that Bitcoin was trying to incorporate the smart contract aspect of Ethereum, but read mixed responses and didn't know what to think of it.

tldr: Should I be looking to buy the dip hard on ETH? Also, does ETH's functionality have any real competition?

kizzmybutt
kizzmybutt

@Soft_member
Worth speculating on?
YES, but you're probably too late.

I put ~$30 worth of bitcoin into Ethereum during the presale and made bank. Same thing with Mastercoin back in the day: bought in at .01 BTC, sold at ~.2 BTC.

With these ambitious trash coins it's worth it to have a bit of exposure just on the off chance they are wildly successful.

Personally I'm looking to buy Ether when the price is under $7 or so.

Also, does ETH's functionality have any real competition?

Counterparty has been teasing Ethereum-like functionality for a while now, but it's a trash coin with a limited future. IBLT will make the coin worthless.

Poker_Star
Poker_Star

@Soft_member
Buy ethereum
Great dev team
no noteworthy competition to speak of
And actually usefull
The dao "hack" was just that: a "hack" of the dao, a smart contract that was poorly designed, not an actual hack of ethereum
Billion dollar market cap and millions in trading volume

Methnerd
Methnerd

@Poker_Star
@kizzmybutt
Thanks for the input, I'm still trying to catch up on what's going on with Eth here but if I'm lucky to see more drama or another significant dip I will look into buying.

DeathDog
DeathDog

@Soft_member
So is Ethereum's innovations upon the blockchain really something seriously *nextlevel*?
it solves a problem nobody needed to be solved.
our life will not be affected by anything eth can do or not do on it's own.

once you plug in outside sources of information (so it can actually do something worth wile) you reintroduce centralization and trust into a decentralized trust-less ecosystem.

haveahappyday
haveahappyday

@Methnerd
Wait until july the 12th. There will be a dip as dao holders get their eth back

askme
askme

@haveahappyday
start shorting boys

TurtleCat
TurtleCat

@haveahappyday
Will be more than a dip m8

Burnblaze
Burnblaze

Holy fucking shit kraken is slow as fuck at making USD deposits. Does poloniex allow you to buy ETH with USD? Is their deposit system slow too?

Sir_Gallonhead
Sir_Gallonhead

@haveahappyday

I have 250 DAO on my Kraken account. What do?

StrangeWizard
StrangeWizard

@Snarelure
I have an iq of 155
probably owns less than 21 BTC
Flush yourself.

idontknow
idontknow

Shit I have like 5eth coins I wait for dip to go down some more and get few more eth

Garbage Can Lid
Garbage Can Lid

@haveahappyday
Source ? I have seen 14th of july on the Internet.

cum2soon
cum2soon

July will be crazy crypto month.
Btc halving
Ether mass cashout
Nxt 2.0 snapshot

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