Big news of the week was the Status sale. They raised 300k ETH, or about $110m at the time. The 50gwei max gasprice meant that for hours after the sale started, miners processed all the invalid transactions above 50gwei and none of the valid transactions.
How crazy was it? This picture from MyEtherWallet says it all: to date, Status was THE token sale.
At least 20k+ pending transactions throughout the day, flooding the transaction pool client limits. You can see the aftermath on this page of network usage stats.
I lost money on the sale as none of my transactions from any address went through until the sale ended while I was asleep and thus I paid mining fees. Not to mention how much time I spent on it. Incredibly frustrating; I’m hardly alone.
Yet overall, I’m with Dan Finlay: “In the long view, devoting the entire eth network for a day or two to one of its most anticipated clients is probably okay”
During the sale, I and several friends noticed that f2pool was very suspiciously accepting transactions below 50 gwei. See here also. Keep in mind, at the time, not even any 50gwei transactions were being accepted. [f2pool denies it]
EIP648: nodes could parallel process on multiple cores. Reddit thread. This would allow us to put a massive sale like Status on just one of the threads, thus the network stays fine.
Emin Gün Sirer and Phil Daian: Bancor Is Flawed. Bancor fires back: This Analysis is Flawed. For the good of Ethereum, all of this Bancor debate should have been pre-token sale.
Protocol and releases
Metropolis QA/Testing Guide
Ethereum Core Devs Meeting video hashing out EIPs for Metropolis. Agenda.
Latest Casper research call
Vitalik’s beginning of a sharding proposal
Infura’s Maurycy Pietrzak on the Geth/Parity transaction pool (mempool in Bitcoin-speak) settings. Time to raise the defaults
You can now use Infura with MyEtherWallet
Geth 1.6.6
Stuff for developers
Loi Luu’s bytecode analyzer Oyente beta release
Bob Summerwill’s call for Python devs who want to work on Viper
Py-EVM Origins by Piper Merriam
New pyethereum module
EVM Trace Visualizer from Yoichi
Nethereum with full Unity3d support
TrueBit is hiring
Ecosystem
ETH Gas Station is killing it: Mempool Status by Gas Price
It only takes a few hours to double the block size limit if miners want to make more room on the network. Miners should raise the gas limit
State of the ENS: Week 6
ENSNames.com - a secondary market for…well, you can figure that out
Jeff Lau’s ENS Manager
Design MyEtherWallet’s version for Ether.cards
Getting started on Ethereum is impossible: a newbie’s call for better documentation
If you think Ethereum is a bubble, I suggest clicking this: Putting the World’s Money in Perspective
Numeraire went live and issued tokens to the folks who do market prediction on Numerai. It’s a fascinating experiment to see if network effects can change hedge funds.
Project Updates
FunFair’s live demo on the testnet of payment channels is awesome. Good Q&A in the Reddit thread. [Disclosure: I believe in supporting the tech so I bought some FUN tokens]
BAT Roadmap 1.0
HelloSugoi sells its first ticket on the blockchain for the State of Digital Money event
Etherisc draft token mechanics
SwarmCity’s Launch Event
Latest issue of The Etherian
Swap white paper and demo video
Project Announcements
Blockcat aims to make smart contracts accessible to non-technical people
ProveQ: offchain Turing test to prevent sybil attacks in token sales
Interviews and Talks
Joe Lubin on Bloomberg Radio
Polychain’s Ryan Zurrer on Governing the Future podcast
Epicenter talks to William Mougayar about token sales
Metamask’s Dan Finlay on Blockchannel
MyEtherWallet’s Taylor on The Bitcoin Podcast
A technical discussion of the EEA from Consensus
Ryan Snowden from CBInsights on the Going Deep podcast
Token Sales
Daniel Zakrisson on how Cofound.it’s Priority Pass can help reach wide distribution with a cap
5000 CFI gets you into the Priority Pass for sales of Cofound.it projects
Indorse roadmap
The Decentraland roadmap
Nick Johnson’s PoC for an off-chain auction
DFINITY diagnoses many of the current problems with token sales and takes some justified shots at Tezos putting token sale proceeds directly in their own pockets.
TenX raised $65m today. Funfair raised $15m earlier this week.
Token sales are now enough of a phenomenon that Nate Popper writes about it in the New York Times
General
New York Times: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.
Jeff Wilcke’s story on the sacrifices in Ethereum’s early days. I remember wondering when we’d find out who obscuren was.
FastCompany talks Toyota and Oaken
Vitalik writing for Cato: Change the Incentives, Change the World
Naval tweetstorm
CryptoPunks makes Mashable
CNBC: Someone became a millionaire from a $380 market order in the GDAX flash crash. Here’s Adam White with the official GDAX update.
OmegaOne piggybacks on the news with Why the GDAX Ether Flash Crash Isn’t Surprising, and What It Means for Crypto
A few days later, GDAX decides to cover losses from margin orders. Adam and Brian are much more generous in bailing out their users than I would be.
Politico: Brooklyn’s Latest Craze: Making Your Own Electric Grid
Dates of note
From Token Sale Calendar:
Upcoming token sale start dates:
June 26 – Adchain
June 27 – Omise Go
June 29 – DAO.casino
June 30 – Santiment
July 1 – Dentacoin
July 7 – Blocktix
July 18 – district0x
July 19 – Aventus
Jul 23 – MyBit
August 8 – Decentraland
August 8 – Indorse
Ongoing token sales:
21 million
Dcorp
NeverDie
iDice
OpenANX
You can find this calendar updated daily at TokenSaleCalendar.com
