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    Thursday, November 22, 2018

    Ethereum Is Ethereum taken over?

    Ethereum Is Ethereum taken over?


    Is Ethereum taken over?

    Posted: 22 Nov 2018 02:18 PM PST

    Yes, it sounds paranoid. And I hope I'm wrong, but sometimes I feel like we are back to the times of Blockstream taking over Bitcoin. Here are some recent Deja vu moments:

    1.

    BTC: Andersen didn't want to be a benevolent dictator, so he passed control over Bitcoin to core developers. And they kicked him out.

    ETH: Vitalik says in every interview that he is not controlling Ethereum anymore and that all recent major decisions were made without his involvement. And how he is happy about it.

    2.

    BTC: Majority of bitcoin holders and redditors were for block increase, but core developers have decided otherwise.

    ETH: Majority of ether holders and redditors are for issuance reduction to 1 ETH, but developers have decided otherwise.

    BTC: Block increase required changing one single line of code, but developers explained that it is very hard and risky, that it required a lot of discussing and testing. At the same time, it wasn't hard or risky to change the whole bitcoin codebase, to make it segwit-compartible.

    ETH: Issuance reduction requires changing one single line of code, but it's just too risky. Seemingly, more risky than creating from scratch completely new Ethereum 02.

    4.

    BTC: Block increase was just a several months away, but every time the months passed, goalpost was shifted.

    ETH: Issuance reduction is just a several months away, but the goalpost is shifting again and again.

    5.

    BTC: Every time the reason for the postponing was different (because it was not the real reason, but a pretext).

    Wait, let's first discuss all BIPs for half-year.

    Wait, let's wait another half-year for a conference.

    Wait, let's wait another half-year for the second conference.

    Wait, let's wait another half-year for the segwit.

    ETH:

    Zero inflation by Summer!

    Wait, let's make it 4%, by Devcon.

    Wait, a non-related bug found, let's postpone till after Devcon.

    Wait, Santa is coming to town, let's postpone till January.

    Wait, miners can fork away, let's postpone till difficulty bomb explodes.

    6.

    BTC: While eventually, when the n-th deadline was reached, they just plainly refused to do it at all. Ever.

    ETH: Now we are told that POW will run along POS, "for a foreseeable future".

    7.

    BTC: Suggestions on scaling (like adding in-between blocks) were just not discussed and developers that were suggesting it weren't invited to the scaling conference. Instead, the conference discussed segwit.

    ETH: ProgPOW plans are not discussed on developers meetings anymore. Why? Just because.

    8.

    BTC: "Block increase would reduce number of nodes! Risk of 51% attack!". But giving all control to mining pools is OK, it's not a 51% attack.

    ETH: "Issuance cut would reduce number of miners. Risk of 51% attack!". But developers doing things that good for miners only (high inflation, no ProgPOW) is OK, it's not a 51% attack.

    9.

    BTC: Users, getting tired of broken promises, were losing faith in Bitcoin and leaving. Market share of Bitcoin have dropped from 85% to 32%.

    ETH: Users, getting tired of broken promises, are losing faith in Ethereum and leaving. Market share of Ethereum have dropped from 32% to 9%.

    10.

    BTC: Attempts to discuss it on forums were blocked by moderators "because it's offtopic: altcoin discussion".

    ETH: Just yesterday it was a thread here, about all this concerns, about the need to reduce issuance, to cut inflation. Today the thread have mysteriously disappeared. Deleted by moderators. "Because it's offtopic: price was mentioned".

    submitted by /u/NZvolunarist
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    Just created a CDP with MakerDAO - It feels like science fiction

    Posted: 22 Nov 2018 01:24 AM PST

    I just created a CDP with MakerDAO to get some DAI ( in part to acquire more ETH). Getting a loan from the Blockchain feels like science fiction, if you have doubts about Ethereum I encourage you to do the same thing, the Dapp is incredibly well done with a great UI. This is the future of money!

    submitted by /u/babatrader
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    Is it possible to tie an Ethereum smart contract be triggered by changes in a google doc?

    Posted: 22 Nov 2018 10:04 AM PST

    I'm currently trying to work out a incentive for me and my friend who are gonna be working on a script. We considered doing financial penalties if someone failed to write as incentive, but then I started thinking that maybe we could each 'earn' by the word we wrote.

    Is it possible to tie an Ethereum smart contract to changes in a Google Doc? Like so and so many words per day would pay out to this address, and subtract from this address.

    So each day we would both gain and lose money, and hopefully keeping both our balances semi balanced (as well as our workload). Ideally we would end up with the same money we started with. But if one person writes more than the other, or if one person is more lax about the daily deadlines, they would eventually run out of their share and lose their say.

    At any point though, that person would be able to come back in and contribute and work their way back up to having plus on their ledger.

    Is this doable currently?

    submitted by /u/idiotdidntdoit
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    The future of organizations

    Posted: 22 Nov 2018 09:38 AM PST

    EthereumJS VM v2.5.0: Constantinople, Full Consensus, StateManager

    Posted: 22 Nov 2018 03:29 AM PST

    Join the Stureby PoW testnet to test the Constantinople transition again!

    Posted: 22 Nov 2018 01:50 PM PST

    Buy worlds with Ethereum - interesting gaming concept and just starting!

    Posted: 22 Nov 2018 12:48 PM PST

    Buy worlds with Ethereum - interesting gaming concept and just starting!

    Microverse - a rather cool little game created by one of the brains behind Decentraland .

    Buy worlds, get a cut of trade in the universe, and try to win the jackpot! What's not to like?

    https://i.redd.it/jxmhph0r2yz11.png

    https://microversegame.com/?ref=0x4ccd44d7f88c9f5994dd1c602c0a277dc676b150

    submitted by /u/Sroka87
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    What makes the Gnosis Safe different (and better) than other crypto wallets

    Posted: 22 Nov 2018 05:11 AM PST

    Decentralized wallets like MetaMask or imToken use externally owned accounts (EOAs) on Ethereum. EOAs are controlled entirely by a private key—it's the only thing that stands between the user and full control of the wallet. This means that if your private key is lost or compromised, your funds are no longer secure.

    The Gnosis Safe is different. Rather than using an EOA, it operates entirely with smart contracts. This makes for better security, but also additional features, such as:

    • Multi-factor authentication for transactions: Most wallets only require one signature from a single key for executing transactions. This is simply a less secure way to store your funds. With the Gnosis Safe, each transaction must be signed by the mobile app and a secondary device (via a browser extension). This means that no one else can ever gain access to your funds, even if they steal your private key!

    • Improved integration and interaction with dApps: Wallets based on EOAs often require the user to sign multiple transactions in order to perform one single action. By bundling transactions, we're doing away with repetitive transaction confirmation steps! We could also enable interaction with dApps until a specific spending limit is reached, or remove the need for more than one signature, depending on the use case.

    • Advanced recovery methods: Most wallets rely solely on a recovery phrase backup. This phrase is essentially the same as the private key as it also gives full control over the account. Once a recovery phrase is exposed to the account creator, it can't be changed. The Safe's smart contract logic allows us to implement any kind of recovery mechanism—recovery via a traditional recovery phrase with the ability to replace it or disable access to it any time; social or time-lock recovery, or recovery via KYC providers. We're still researching which recovery mechanism will be the best to implement in terms of security and usability (check out our simple prototype for social recovery, which is available on contract level).

    Smart contracts have a small downside, though: They need to be created ("deployed"), which costs ETH ("gas"). When creating your Gnosis Safe, a small wallet creation fee (around 0.01 ETH) is required to cover the transaction costs on the Ethereum blockchain. But the awesome UI and enhanced security will be worth it!

    Check it out for yourself: https://safe.gnosis.io/

    submitted by /u/GnosisPM
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    Ethereum's Cross-Client Proof-of-Authority Görli Testnet Ready for Experimentation - CoinNess.com

    Posted: 22 Nov 2018 06:38 PM PST

    The Görli testnet - which, in accordance with testnet tradition, is named after a nearby train station - has come to Ethereum and is now running in the prototype form.

    It is the first Proof-of-Authority network that works across multiple clients written in different languages and aims to provide a universal and consistently available testnet.

    After a few issues with node compatibility and problems with validators being offline, an admittedly shaky version of the testnet is now live under the label "pre-testnet v0.2".

    submitted by /u/CoinnessPress
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    [Research] Game Channels: state channels for the gambling industry with built-in PRNG

    Posted: 22 Nov 2018 02:00 AM PST

    What have we done

    After very extensive and detailed research in conjunction with BlockProof Tech LLC, DAO.Casino is announcing that it has found the future of the gambling industry. In what it is terming Gambling 3.0, DAO.Casino has found a way to increase interaction speed between DApps' players, without losing any gas costs or security. The study has successfully shown that the generating of a new block approximately every 15 seconds and every transaction taking an average of six minutes can be reduced. This is because Game Channels will run on top of existing blockchains.

    Abstract

    Blockchain technology has immense potential. At the same time, it is not always possible to scale blockchains. State Channels solve the problem of scalability while increasing the blockchain's speed and efficiency. State Channels present a workaround to current blockchains' TPS (transaction per second) bottleneck. We used State Channels as a foundation and created Game Channels. We built it around the needs of the gambling market. We also developed Signidice PRNG as well as a dispute resolution mechanism. Signidice uses unique digital signatures and is also described below. The potential use of Game Channels technology is not only gambling; some types of online gaming may also be able to use it.

    Read more about our research on ethresear.ch: https://ethresear.ch/t/game-channels-state-channels-for-the-gambling-industry-with-built-in-prng/4341

    Link to the paper describing the study: https://dao.casino/rnd/gamechannels.pdf

    submitted by /u/ForeverScorned
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    Game Channels: state channels for the gambling industry with built-in PRNG -- Ethresear.ch/State channels

    Posted: 22 Nov 2018 05:19 AM PST

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