Free coins, you decide what to do with them.

https://www.reddit.com/r/ethereum/comments/4v2ug3/zksnarks_zero_knowledge_proofs_now_possible_via/
[–]vbuterinJust some guy 33 points 10 hours ago

Basically you will be able to use this to verify arbitrary (computable) claims about information, eg. statements of the form F(x) = y for a known F and y (though x can be private). This can compete with interactive verification as a tool for cheaply verifying expensive computations and serve similar use cases (though sometimes the interactive verification approach is still much more efficient), but the zero-knowledge component also allows for powerful privacy-preserving protocols on top of Ethereum. Examples include:

    Cryptographic mixers - essentially, the ZK-SNARK verification enforces the rule that if you put one coin in you can take one coin and only one coin out, but the input-output mapping is completely hidden.
    Hawk - essentially, smart contracts with encrypted state, where the full power of the blockchain is still used to verify that state transitions are correct because anyone updating the state needs to include a ZK-SNARK proving that the change from the old encrypted state to the new encrypted state is a valid state transition (proving all of this without revealing what the decrypted old or new states, or the decrypted transaction data, is!).

Its real...ive waited a long time for this  
WOW ONLY ON ETH  

It's too simple to say "There is No one that speaks for a decentralized blockchain". It's true that nobody can say "It's mine!". But it's also true that it's natural for humans that in all "human systems" (sharing same interests) there are some kind of leaders and a majority that wants exactly that.

So, I agree it's not precise from me to say "Doubtful that ETC would be that stupid." as if ETC would be like a company. I should have said "the Developer-team behind ETC" - that's what I've meant. People who are more active, more skilled, with plans beyond the usual traders/users. And there is something like a Core-Team behind ETC. I have no doubt about that. There are people with more influence and with plans and who act strategic.


It's the same in all projects that are not dead or dying. You won't find any decentralized blockchain-project without "leaders". The human factor always involves some centralizing aspects.

And regarding my questions and speculations there would be a huge difference if just one guy writes an open letter to hand over funds to build some kind of "ETC-foundation", whatever his intentions might be, or if it comes from a group that is really active for ETC - Developers, Miners etc..

The first scenario wouldn't mean much and could be forgotten. The other scenario would have some effect because other steps would follow. And we'll find out. I have no doubt about that.

And just by the way: Ethereum is one of the best examples for a technical decentralized project, that is very centralized regarding the human factor.

My concern is ... where is Vitalik ? last login was a month ago Last Active:    June 30, 2016, 03:12:02 AM
from my exp this is not a good sign..

Maybe he should broaden his horizons a bit, it pays to have an ear to the ground in every corner.
One can become isolated from the grass roots quite quickly.  You soon become like the people you have around you. 

Hi

Are my eth in mist wallet safe from replay attak when i do not split them?

imagine both coins survive..
will one always be ahead with development ? and the otherone will just copy ,if its a good feature and its tested on  chain A?

we might see debats like: how long till we will also do pos ?
or will the coins separet in total different directions ?

I have a new article - asking if the DAO hacker was actually a good guy (i.e. white hat) or not?

https://steemit.com/steemit/@thecryptofiend/is-the-dao-hacker-a-white-hat

I used to think not originally but whilst I don't agree with the actions I think they (hacker) might have done it for what they perceived to be the greater good.

I hope developers realize that not only can they get forked, now eth miners have no morals and will 51% attack them. Eth has no morals

I've seen the plans for an 51%-attack on the ETH-forum and I don't have much doubt that there will be some kinds of attacks. But: There is a psychological problem that shouldn't be underestimated: How does the ETH-team look now?

Short overview:

1. They (or some of them) developed theDAO
2. TheDAO was funded with a lot of team-money - ridiculous $150 Mio in total. That's 3 times of the original Ethereum-CFC if I recall it correctly(?)
3. Slock.it wanted funds - could be seen as intention to develop theDAO - could give a shady impression
4. TheDAO launched on Polo - and it wasn't too successfully while some even believed it would rise in price --> totally misconception/irrational
5. Than the "Hack" - and obviously: All warnings ignored but claimed it would be secure. It says some things about them as developers.
6. Articles come out, not blaming just the code of theDAO but the Ethereum-coding-language: Solidity
7. Decision to do rush out a HF, because time is running -  and totally convinced the other chain would die soon after
8. But: ETC lives and gets stronger - not weaker (at least for now)

And now add to this:

9. Ethereum-guys attack the original chain to bail out their butts again.


All points smell like "money is the priority" while nothing seems professional. For me personally just the existence of theDAO was a signal not to touch Ethereum. Not because I believed it would be not secure. I have no clue about coding. But the economical side was bad in my eyes, for Ethereum. I mean, it's speculation because we will never find out. But also the high funding was not rational. It seemed too shady, to much like: Easy way to get funds for other Ethereum-projects.

And the believe of blinded Investors, the price could increase beyond the funding was totally naive. It had to go down, because every time it would have invested it would have "lost" funds (to invest) while there always would have been the possibility of a bad investment.


Thing is: Without any doubt they have a very serious credibility-problem now and that will become worse if they should attack ETC and be successful in killing it.

Out of their perspective it would be rational to do it, because if ETC survives it really could be the beginning of Ethereums dead. But if Ethereum-members and miners should be responsible for it, there will be many people in Crypto, maybe a majority, who will disagree with that.

Again it would seem as if the team will do anything to rescue themselves. In combination with all what happened before, and some articles that were highly critical about the DAO and even more, it will begin to seem shady. I mean, Vitalik Buterin is one of the biggest stars in Crypto. People have a lot of respect for him and I really respect him as well and I don't believe that he ever had bad intentions or is in the Game just for the money. But people will lose faith.

And: Even without any thoughts about ETC, the next bad news for Ethereum, if there should come out more flaws regarding the code or whatever: Not sure if it would survive. As I said: I'm not a coder, but there seem to be serious problems and if not even ETH-Dev's are able to develop a smart contract in a secure way - who will use Ethereum for smart contracts?

And of course: That would also be a problem for ETC if true.