Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ETC] Ethereum Classic: Immutable Smart Contracts
by
MalReynolds
on 05/08/2016, 14:01:25 UTC
I do agree that removing the Difficulty Bomb needs to be addressed very soon.

This is an understatement.   The DB needs to be addressed NOW.   Both ETH and now ETC are living on borrowed time.   They are both like trains speeding down a railroad track where the bridge across the canyon has broken up ahead.  Something's gotta give.  For ETH, Vatalik is rushing (um, never a good thing in writing code) to get a fork to Casper in place.  THis will shift the ETH train over onto a Proof-of-Stake-only track.  For ETC.... Huh

Who the hell builds something like a Difficulty Bomb into their code before they have even set up a testnet to verify the alternative required for survival?    I just got into Ethereum this week as a buy-and-hold ETC investor.  Tthe deeper I do my research, the more insane VB and the rest of the Ethereum team appears to me.

http://allcoinsnews.com/2016/03/09/ethereum-releases-serenity-poc2-first-python-proof-of-concept-version/


From March 9: "The Ethereum developers have made available the first python based proof of concept (simulation) release of Serenity, the version of the Ethereum protocol designed to move from consensus through proof-of-work to proof-of-stake.  Called Serenity PoC2 (which contains the Casper economic consensus protocol)  is now available on Github and continues to be not a testnet-ready or production-ready client, according to Ethereum co-founder Vitalik Butterin."


Read more on the Difficulty Bomb:

http://ethereum.stackexchange.com/questions/323/what-is-the-difficulty-bomb-and-what-is-the-goal-of-it

http://ethereum.stackexchange.com/questions/3779/when-will-the-difficulty-bomb-make-mining-impossible/3800#3800

https://forum.ethereum.org/discussion/7185/ethereum-mining-bomb-probably-only-6-more-months-of-eth-mining-left

"....starting from block 200,000 (very roughly X days from now), the difficulty will undergo an exponential increase which will only become noticeable in about a year...."

Note - Block 200,000 was hit just this week.  What a coincidence.  The clock is ticking.