Important news about using ETH and ETC from Vitalik

in ether •  8 years ago 

Be careful when sending out ETH and ETC due to replay attacks, Vitalik shares information on how to protect against them, as well as future plans for ETH:
https://blog.ethereum.org/2016/07/26/onward_from_the_hard_fork/

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To those wondering:

This cannot happen in Graphene-based chains thanks to TaPOS (Transactions as Proof of Stake).

I don't know what this really means... but since @xeroc is saying it, I have faith =)

For more information about what a replay attack is, please refer to this post:
https://steemit.com/ethereum/@innuendo/what-are-replaying-attacts-on-ethereum

Is it possible for ETC to be fixed in the future if people do not sell or spend them?

I did a post about this.. check it out and please let me know what you think :D
https://steemit.com/ethereumclassic/@stealthtrader/is-ethereum-classic-replacing-ethereum

Read this @blocktrades, thanks for information Ethereum Go: Gotta Fork Them All

Great posts, thanks for filling me in. Saving me a LOT of reasearch :) Take all my upvotes!

20 upvotes and $687 in a minute, this is crazy.

haha bc blocktrades voted for itself

They just make use of the Steem Power they have acquired. And with power comes both privilege and risk/responsibility.

Everyone's posts are automatically set to upvote as soon as it is posted.. so due to the 0.8.0 release and the 15 minute curation delay @blocktrades actually doesn't benefit as much as they would if they waited 15 minutes (as I understand it) so it's actually generous considering they[blocktrades] know that as a huge part of steemit all of their posts will trend..

Man, I would really want someone to write a well thought-out article, someone with the knowledge about wth is happening lately and what is causing this massive troll uproar. I have given up on trying to follow it on reddit as that site has become filled with shills.

  ·  8 years ago (edited)

The chat box at Poloniex crypto trading exchange has gone full muppet overdrive. There is actually trolls taking shifts copying and pasting the same SH!!T. I too would like to see some sorta unbiased journalist investigate this summer blockbuster. It gone all Hollywood sensationalism. Here 's link you that could lead some people who click , down a rabbit hole if they think .It was posted Febuary 2015 https://www.reddit.com/r/ethereum/comments/2w08qk/progress_on_the_bomb/

I am still not getting this... in terms of curation reward one would be better off to wait 30min from post creation right?

Yes. 30 minutes after the creation gives you the most benefit. But it's gradual: the earlier you vote the bigger part of your curation reward ends up with the post author - which is not bad in some cases.

pardon my ignorance but who would then be voting from minute 0 to minute 30 of creation? for which benefit?

  ·  8 years ago (edited)

You might want to do it for the benefit of the author. If you see a nice post by an unknown author and feel you want to give up your award for so that the author gets more (and also the post has a bigger chance to be noticed) - then you vote early. So it's a kind of altruistic action.

But please note that this process is not black-and-white, e.g. if you vote 15 minutes after the creation you achieve an outcome which is something between voting after 0 minutes and voting after 30 minutes. You would need to refer to the official documentation for the exact algorithm that controls the curation reward.

perfect, thanks for the reply, much appreciated

ETC is like ETH just without the hard fork. Sorry, just wanted to sound smart for a second.

I get that this is important news that is a current event... But $2.5k for just sharing a link? Really? This is the kind of content whales want to promote? Do we want to tell new Steemit users that hey, we pay thousands for people who don't take the time to provide a brief summary and just post a link saying "hey go read this"?

Other users are putting in a great deal of effort into their articles, providing sources, summaries and paraphrasing but since this is @blocktrades I guess simply sharing a link is worth thousands eh? Disappointing.

I normally never post a link at all, I only write original material. I did it in this case as I think it's important to get this info to people fast, before they get scammed. Spending time summarizing a short article that leads with the most relevant info and quickly goes to other pertinent facts seemed a waste of time in this case.

Thanks for the heads up, I think the safest action for everyone at the momment is to hold on to there $

Classic looks tempting but risky

Thanks for the info @blocktrades . I want to support @blocktrades comments here. I have been in the ICT industry for many years and NEVER have I been under more attacks of various nature since I becoming involved in the whole blockchain / crypto field. Always use Double Authentication where available and ALWAYS make sure all your protection tools on your computer is up to date . Happy Steeming!

Prime example why the current rewards are a total fuck up!

@blocktrades

Today $10k , upvote

So basically, ETC is like ETH but without Vitalik...

Hey, I'm looking for tips on good grypto-authors who deserve more attention - and to be featured in Steemit Golden Nuggets this friday and new ones every friday after that! Comment on the post with suggestions! https://steemit.com/steemit/@btotherest/introducing-steemit-golden-nuggets

I think you should add Tai zen @cryptomarket

Thanks @blocktrades warning come before destruction!

good news

I just lost thousands in the DAO. They are not issuing us ETC and I bought into ETH at the wrong time, during the DAO crowdfund. I am an idiot, I can barely breath... I know, it is what it is and this too will pass but OMG its scary. I am poor, disabled and going out on a limb from the start. I feel scammed... @blocktrades

Thanks!

Thanks for the information!

My experience to ETC
I've been doing pump n' drop with ETC and triplicated my funds.

Don't mind the new users such as "gravity" (created today). They've also created new accounts on Reddit, e.g. the 9 day old whatisgravity Reddit account, spreading lies to try to discourage and scare the Ethereum developers. This all looks like a cynical pump and dump scam, or worse, an attempt to harm Ethereum through cleaving divisions within the community, using social engineering attacks.

If these scammers with their faux aggression and anger had any integrity, they'd post with their real account. I wouldn't be surprised if one or more of these accounts are created by the DAO hacker.

Vitalik is a genius! it is already changing the world as a whole!

thanks for the warning

Everywhere

Omg thanks for updating all of us

please upvotes please

great info . thans for the effort

good post

  ·  8 years ago Reveal Comment

Is there a clear answer on which is better to own

Good info, thanks for sharing.

Frankly, It's not worth it. It's a shame the Ethereum community has been needlessly splintered through fear and greed.

Nice to see VB linking to a Steemit post though. :)

Thanks for sharing this. It is really amazing to see the ETC vs ETH saga playing out:

https://steemit.com/cryptocurrency/@thecryptofiend/ether-wars-ethereum-classic-price-and-volume-reach-ath

Is it true that if you had ETH on your desktop wallet you will get both ETH and ETC? BTW thanks for sharing.

Yes, but be very careful about spending either because of the replay attacks mentioned in the article. This is a "real thing", not just a hypothetical exploit. It's being used by scammers now. The article discusses how you can safely separate your ETH and ETC.

Give me 50 steem

meep

so what? now both of those coins are just one hughe mess? i havem't been folowing that iasco,, can someone sum it up for me?

Thank you!

Thanks for the information

I have ethereum stored on my wallet on myetherwallet.com . Can someone please tell me how I can access my ether and move it to my coinbase ethereum wallet?

go to coinbase and get your wallet address. Then go to myetherwallet and send your coins to your coinbase address.

Thanks for important news!

20 upvotes and $687 in a minute, this is crazy.

Please return the 9.990 STEEM from bittrex memo ec18f32f-32f2-41e8-9a45-67f5ae48153f sent by mistake 27.07.2016 to my address in exchange bittrex, memo acaf55f83e384739869. Belonging money can corroborate my account @andreynoch. The first code is a memo from the completion bitsnares. Thank you

Thank You

Did you notice Vitalik linked to steemit at the end his blog post:

>You may use the Ethereum Classic Explorer here to verify that ETC balances have been transferred. A more detailed community-provided guide can be found here

"The community guide" is this post from @pauls : https://steemit.com/ethereum/@pauls/ethereum-fork-step-by-step-guide-to-safely-splitting-your-eth-etc
Nice work @pauls

That's blocktrades for you!

Great posts. thanks for that

Thank you for sharing.