Hi everyone,
As you have probably noticed some of the advanced users left the forum (myself included). Too much noobs, noise and trolls.
In the meantime I was researching a potential alternative to Ethereum and how can I keep my cards busy.
I ended up joining the community of SHIFT. It's an Ethereum fork (first one).
Pros:
- It's waaay behind Ethereum in terms of blocks which means overclock R7 370 2GB will give you 19.5mhs, (small DAG file)
- direct communication with the dev team via slack,
- low price for dagger-hashimoto based coin = high risk/high reward,
- ability to adapt or copy any ethereum based DAPP
Cons:
- Anonymous dev team, (might aswell disappear tomorrow)
- not much volume and mainly traded via Bittrex,
- learning curve to the network,
- one wallet on bittrex holds 700k shift coins (he will be able to affect the price with big sell)
So what it exacly is except for a copy of ethereum?
Dev team built this thing called Phantom (currently alpha, decentralized internet, can be used as dapp frontends).
Once setup it will allow you to buy yourself a domain 'example.shift' and host your website(10mb). Website then will be copied across the network to all the hosts making it virtually impossible to take down.
Phantom network will be 'privacy secured' original method was Tor but lead developer wants to use another technology (I will leave up to him to disclose it)
(illegal use not encouraged, hosts and miners can have a takedown vote if a particular website will cause damage to the network)
Your contribution to the network is welcome one of the users built a search engine for the network,
another user made something like this:
This can be a perfect place for file sharing, news sharing, private email. Think torrents or wikileaks.
I probably missed some points I wanted to make but anyway, that is my two cents.
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I do hold a significant amount of shift coins. I did not get paid for this (unfortunately
)
This is not a trading advice simply an effect of my research. I'd like shift to have some more exposure and let's see what happens.
(personally I doubt we will see any more improvements on the Ethereum network due to fact the tech itself was most likely sold to the big companies already, DAO made extra money, ETC made extra money and there is not much motivation left for the dev team if you ask me)
bbcoin out
(if you join their slack you will see me there on a daily basis)
Their website:
http://www.shiftnrg.org/**One more thing dev team plans to launch a promotional game via Twitter (should start tomorrow) price is impossible to predict (especially in crypto) but once this goes around twitter it might be difficult to get shift at current level.
Comments
It's an interesting project for sure, so I jumped on board, after SAFE Coin, SIA, Storj, and others starting decentralized storage, decentralized web hosting seems to be a logical next step. Plus there's just something fun about mining 100+ coins per day, instead of 1/2 an ETH.
Think I'll mine a day or two out of the week on Shift while going to back to dual mining Eth/Sia
For example nothing really works on ethereum if you think about it. Dao is dead, slockit is dead. community moved on. Phantom/shift might be the first useful ethereum based project.
I do like the idea of decentralised hosting and as you guys can see I'm doing my bit to make it a reality. Also it's in alpha so talking about price before the actual release of the product is pointless.
Making money is one thing and it's great but boring. I mean making money for the sake of making money. Supporting a project to see it grow is better. And you can make money in the mean time
Seems to work just fine.
They have 0% fee for a reason. We want to keep hash network spread out we don't want to see 51% pool on the network. Don't use shf.miners for now.
With claymore you need to use -allpools 1 -allcoins 1 option because miner will generate different dag for shift and ethereum.
I'm using dwarfs proxy and genoil 1.1.6
Looks like a potential HF or rollback situation....
Also community would need around 6GHS to be safe because whoever is attacking has at his disposal farm the size of @kotarius .
BTW @kotarius please tell me it's not you man?
It really pisses me off. Because the attack was completly unnecesary it was the typical 'you can't pay me but I will break you just because I can' situation.
What's the point of hacking a community that can't give you any profit... Idiots.
I hope it goes well. I'm putting a rig towards it right now.
It's news that's going on with Shift, is it not?
On Shift Slack: So much for good PR for Shift when you run your mouth.
image removedmaverick69 removed the messages. Thanks.