• Breaking News

    Wednesday, January 3, 2018

    Ethereum WARNING! SCAM ICO!! Othor.org list Vitalik as a team member. DO NOT SEND FUNDS TO OTHOR.ORG STAY SAFE

    Ethereum WARNING! SCAM ICO!! Othor.org list Vitalik as a team member. DO NOT SEND FUNDS TO OTHOR.ORG STAY SAFE


    WARNING! SCAM ICO!! Othor.org list Vitalik as a team member. DO NOT SEND FUNDS TO OTHOR.ORG STAY SAFE

    Posted: 03 Jan 2018 07:57 AM PST

    I noticed this ICO pop up on a couple of my social media feeds so went and had a look, mainly because they are lauding Vitalik Buterin as a team member...

    The website to be fair is half decent and could reel in some unwitting newbies but i also remember Vitalik stating he was distancing himself from any new projects going forward so i was skeptical..

    Then i watched 'their' promo video, which if you take the 1:40 to watch it (youtube link below) you will see that whenever the company name is mentioned the audio cuts out. Not sure which project the vid is from but its not this one!!! PLUS, would an ICO like this be under the radar.....? no.

    Thought i should share this so that people aren't duped into sending money to a scam ICO.

    If i have this wrong, please convince me otherwise, but this is super shady IMO.

    https://www.othor.org

    https://www.youtube.com/watch?time_continue=84&v=FwmIHbhOlB4

    https://medium.com/@othororg/ico-alert-report-othor-e8c6bae545c4

    submitted by /u/madpen
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    Woah, we're bandwidth-hungry. Let's run a full node!

    Posted: 03 Jan 2018 07:23 AM PST

    I've been running cryptocurrency nodes for years, but only added Ethereum to my basket in the last few months. I revisited my setup recently and realized I could do more to help with light clients. If you guys can, set up geth as a full node daemon (there are many guides), and then go above and beyond with the following:

    • Greatly increase maximum peers
    • Enable serving a large amount of light nodes (especially needed)
    • Allocate a large amount of CPU, RAM, storage, and bandwidth

    In my case, a VM is configured with 8 fast Xeon cores, 20GB of ECC RAM, fast striped RAID storage, and access to symmetric gigabit fiber. I'm uploading terabytes per month and constantly chatting with hundreds of peers. (Geth itself doesn't use the full 20GB, but Linux fills it up with frequently-accessed data from disk.)

    It is unacceptable for newcomers to be bogged down by slow-loading clients; we need to maximize acceptance and thereby trust!

    An ending thought on decentralization: The more unique your computing environment, the more reason you should run a full node. I'm running the above from a rural area with backup UPS+generator power, so I like to think I am in a position to ensure network stability in the event of larger threats like natural disasters, autonomous system outages, etc. The cloud is awesome, but a thousand nodes all running in the same datacenter have at least a couple common points of failure...

    submitted by /u/b1r6
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    Cipher, a Web3 Dapp browser and wallet, is now available on Android as well (beta)

    Posted: 03 Jan 2018 08:46 AM PST

    I work at a major fintec company and the big boss at our office asked me to explain Ethereum to him. What should I say?

    Posted: 03 Jan 2018 08:35 AM PST

    Hello Reddit,

    I work in Operations for a major fintec company that services all of wallstreet. People have recently started to remember that I've been into Bitcoin/Ethereum/cryptocurrency scene for awhile and begun to ask me questions.

    Recently the Senior Vice president of this office struck up a conversation with me at the coffee machine about crypto. I didn't think much of it but now he's scheduled a block of time for me to educate him on Ethereum this Friday!

    I plan on going over the fundementals of blockchains and how Ethereum has brought that to the next level with Smart contracts, but I believe this is a rare opportunity and I'd like to make make the most of it. If you were able to have an audience like this, what would you like them to know about Ethereum?

    submitted by /u/ZedFable
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    ELI5: 'Gas' please. Trying to learn about eth but everything is so complicated.

    Posted: 03 Jan 2018 12:56 PM PST

    Slow eth transfer today? almost 8hr+ PENDING

    Posted: 03 Jan 2018 06:52 PM PST

    It's been 7-8 hours as I was transfering something and the etherscan chain still hasn't moved it from 'processing' ... Its not even there yet.

    Anyone else having same issues?

    submitted by /u/Baliwest
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    Will our ENS (.eth) names expire?

    Posted: 03 Jan 2018 10:40 AM PST

    Do we need to do anything to make sure we keep them? If there is an update to the protocol or whatever..will it be widely circulated if .eth name holders have to actively make any changes?

    submitted by /u/WeLiveInaBubble
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    Transaction per second Casper

    Posted: 03 Jan 2018 07:40 PM PST

    I've been searching for about 45 minutes trying to find a number and a source. I've seen 100,000 tx/s, 10,000 tx/s, but no sources on the estimated number of transactions Casper and PoS will allow Ethereum to process. Anyone have any valid sources that are more than a random article?

    submitted by /u/santa_cruz_shredder
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    Intel CPU vulnerability a cause for concern for exchanges?

    Posted: 03 Jan 2018 02:15 PM PST

    Any chance the vulnerability could be used to compromise users funds in any way? Should exchanges be putting transactions on hold until patches are released?

    submitted by /u/physikal
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    Casper staking rewards

    Posted: 03 Jan 2018 02:54 AM PST

    Hi all - I know casper only just came out on the test net, but I was wondering if someone could confirm my understanding of the currenct prcoess.

    In the code / on a thread the other day i believe VB confirmed that the payout would be like this.

    y = k/√x y = interest k = your total stake x = grand total of deposits staked on the chain

    to use some "made up" unrealistic numbers, if I had 1ETH staked, of the 100ETH being staked, My interest would be 0.1ETH per payout interval.

    The code states (I think?) that rewards are decided at the start of each epoch, which i believe to be every 50 blocks.

    If we continue at around the same speed processing blocks - lets says 15 seconds, it would take 12.5 minutes to complete 1 epoch and start the next, would this mean that using the scenario listed above, you would be earning 0.1ETH every 12.5 minutes?

    I realised we're talking about thousands and thousands of ETH in the real world, just making it simple for the sake of clarification.

    submitted by /u/PJLGoneWild
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    Noob question: what keeps the miners from just pocketing the gas and saying "oops you ran out"?

    Posted: 03 Jan 2018 12:54 PM PST

    I was reading over the whitepaper (coming from a decent understanding of Bitcoin), and the elegance of it is pretty striking, but it seems to me that it relies on an implicit trust that the miners are being honest with how much gas a transaction consumes.

    What prevents an "lazy miner" from claiming to have run out of gas while executing a transaction's contracts, and just pocketing the gas without doing anything?

    Also, what keeps them honest in the first place, to return the correct amount of unspent gas to the sending account?

    submitted by /u/chriszuma
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    What stops proof of stake from centralizing an asset into a few entities' controls?

    Posted: 03 Jan 2018 01:31 PM PST

    As I see it, the few entities in control of the asset have an incentive to keep that asset's value as high as possible, and the more centralized a dapp platform is, becomes less valuable. Thus, these entities will agree to forks which retain decentralization at the expense of some of their assets in an effort to preserve their value.

     

    But even accounting for that, what system changes could be made to increase the network's decentralization? Ideally, someone more knowledgeable than I can share what systems could be put in place to prevent eventual centralization.

    submitted by /u/tyrilu
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    PSA: Please spread this to enable people accessing their frozen funds due to 'wrong password' errors.

    Posted: 03 Jan 2018 09:05 AM PST

    Hello,

    First off: I am not sure wheter this problem has been solved by now but during my research I found many similar posts across google saying "wrong password on ether wallet"

    I have created my Ether Wallet with geth back in August 2017. When I was asked to enter a password I created one with my trusty Keepass password manager which I use for years now and never had any problems.

    I pasted the password in the geth prompt twice and started mining.

    Today, I was trying to make my first transaction ever from the funds I had placed into the wallet. To my surprise I saw the message: "Wrong password" when I confirmed the transaction.

    Panic ensued immediately.

    My keepass creates very strong and cryptic passwords and this is the reason why I use it: I don't have to remember them. Only a single master password paired with a hardware-dongle. (USB stick, etc)

    When I setup my account back in August 2017 Keepass offered me a 80 character password with a lot of unicode characters. This was not acknowledged by the current version of geth I had updated in the meantime.

    After 2 hours in panic mode, afraid to have lost roughly 2000 €worth of Ether, all I had to do was to download the geth version from August 2017, install it and update my account to a new password without any unicode characters.

    I used (windows) the command:

    geth update account 0

    was asked for the password I had stored in my keepass files and it worked. I could update my password and replace the original keystore file. Now I was able to send my ether.

    Apparently, the ether wallet Mist and geth itself need some serious usability updates to minimize losses due to human error.

    Every other wallet (ARK, NEM, Stellar, Ripple, etc) want's to have the password on every start. This would have prevented - if my password was wrong - a human error on my side and saved me from dumping money into a wallet I can't use.

    A light wallet is needed as well. I am not the most experienced person when it comes to programming, scripting and handling command line tools but dealing with the never ending syncing problems in order to send ether would cause my to lose temper, if I was a new adopter without any knowledge...

    Facing such a situation with even less knowledge would be terrifying.

    submitted by /u/mironicalValue
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    Pending Transactions Queue is climbing high - Be sure to set your gas price correctly for fast tx

    Posted: 03 Jan 2018 08:43 AM PST

    Pending Transaction..(11 Hours)

    Posted: 03 Jan 2018 04:50 PM PST

    Any chance to receive my ETH? or i'll lose?

    Edit: I sent a request to HITBTC to change the gas price to 50 Gwei and gas limit of 21000 gas

    submitted by /u/MrANS
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    I’m hearing Stellar and Mobius will be better and faster than the ETH blockchain Even with Casper, Plasma, Raiden, Sharding. Can anyone tell me different please?

    Posted: 03 Jan 2018 08:36 PM PST

    Scaling issues

    Posted: 03 Jan 2018 06:17 PM PST

    Seems that it's taking longer and longer to move Ether from one place to the next. What's going on?

    submitted by /u/jhmblvd
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    Anyone here have trouble sending ETH from Coinbase to Binance?

    Posted: 03 Jan 2018 07:43 AM PST

    It usually takes me no more than 10 minutes to have ETH in my Binance wallet. It's been about 30 minutes and its not even showing up as pending. How long should I wait until I should start to worry?

    Edit: It went through after about 2 hours of waiting. Now to add more money and wait another 2 hours. I should've done it all at once.

    submitted by /u/Howlz_
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    I built a plain simple website to find and copy the Ethereum unicode symbol.

    Posted: 03 Jan 2018 02:12 PM PST

    I've found myself wanting to copy and paste the Ethereum Symbol quite a lot of times, and for this I made a really quick and simple website for you to copy the symbol. It also has some information as free fonts that support the symbol and also unicode properties.

    The link is: Ethereum Symbol

    Would love to hear some feedback.

    submitted by /u/seerven
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    A first version of Bitcoin's Rootstock is released today

    Posted: 03 Jan 2018 08:52 AM PST

    As I understand it, you need to prepay everything you plan to do with RSK. Each prepay costs $20 and takes hours. It is a centralised second layer hiding behind the marketing claim that prepayments are settled on "the most secure blockchain".

    If true, what's the point of Rootstock compared to Ethereum (no prepayment, cheaper, faster (microRaiden allows for thousands of transactions per second there))?

    submitted by /u/barthib
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    In a proof-of-stake currency how do you keep blocks apart

    Posted: 03 Jan 2018 11:37 AM PST

    My bank charge me $ 7.96/month for fees

    Posted: 03 Jan 2018 04:04 PM PST

    And I can only do a maximum of 30 transations (after that extra fees apply) (Canadians don't have very good banks, or maybe mine is crap).

    That's $ 0.26 a transaction.

    Will ETH ever be able to compete in terms of fees?

    I am a ETH holder. I am playing devil's advocate. I was wondering if the fees on the ETH network will ever get lower or not with the future updates (casper, PoS, ....). If not it's fine. I'll pay those fees to get a decentralized asset any day of the week. But I am just wondering.

    Thank you

    submitted by /u/TiltMastery
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    Accidentally sent a transaction with really low transaction fee, help?

    Posted: 03 Jan 2018 04:00 PM PST

    So using luno, i sent some ethereum to another wallet, but since i tried to send it all, i had barely any left for the fees, so it used like 0.0000007 for fees, so im assuming its not gonna go through, anything i can do/ how long it will take to reappear in my wallet?

    submitted by /u/rtyrty16
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    Where do smart contracts run in a Proof-of-Stake system?

    Posted: 03 Jan 2018 07:51 AM PST

    Hi there,

    I've been studying Casper a bit and it sounds wonderful, but I am confused about where Ethereum actually runs smart contracts in a proof-of-stake system. In proof-of-work as far as I'm aware the code is run at validation during mining. If one of Casper's goals is to eliminate mining, how do we verify or run smart contracts?

    submitted by /u/IceAmaura
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