Hello Steemians,
Today I'm taking a break from the typical stochastic breakdown (if I have time I'll post another five day analysis tomorrow). But I'd like to share my recent events and how I've had to overcome them.
But first to save you from the blah-blah supporting material, here are my key points:
- Performing ETH transactions while an ICO is going on, is a shaky feeling. If I was putting a larger amount of my overall investment strategy into crypto at this point, I would have had a meltdown about where my missing money was. It caused a great delay in my Jaxx ShapeShift of ETH to REP.
- I missed out on buying Steemit at my preferred low-point due to BlockTrades shutting down thanks to the Civic and Status ICOs
- I missed out on the CIVIC ICO due to a decimal point incapability of Jaxx
- I am now an even stronger believer in EOS, or whatever brethren of it's ilk ultimately becomes the next generation of blockchain, as neither the existing technology in ETH seems to be setup for worldwide acceptance from a transaction rate perspective (two simultaneous ICOs can knock it out?)
Now to the supporting ramble:
First my woes of Jaxx and ShapeShift.....
I recently posted (https://steemit.com/stochastic/@kaje77/weighted-stochastic-use-case-4th-analysis-getting-interesting) that Augur and STEEM were a good buy. I acted on that and at 2:00 AM on June 21st I utilized the integrated ShapeShift feature in my Jaxx wallet to accomplish this.
But it didn't go through, turns out, in my ignorance, I mistakenly put my REP wallet address into my ETH send field and it failed.
I then taught myself how to utilize the actual ShapeShift tool, and now at 2:21 AM I began to await my timely bought AUGUR.....but it didn't go through. Frustrated, I tinkered around some more but gave up.
The next morning, I attempted this again, at 7:05 AM, with the exact same result. No action. I then learned that the STATUS ICO was killing the ETH transaction rate. So I threw my hands up, and wondered for the first time if ETH really was bound to take over the BTC marketshare as it to was suffering from severe latency. Perhaps I would just hold until the insanity of the EOS ICO came about and try my hand there.
Later that day I noticed that my ETH transaction history now showed both transactions from the morning, but there was no posting of my REP to my Augur wallet. It had seemingly been lost to the universe of dead coins, or perhaps those ShapeShift thieves :)
I then spent the next two days working with Jaxx and ShapeShift customer support who were both overwhelmed with ETH complaints, but pleasant nonetheless. They had several good guides on how to help myself, and a 'be patient' motto, so I was pleased with both services.
Finally, today, just now in fact, my REP has posted to the Augur wallet. PHEW
As for my failed STEEM purhcase, it was as simple as BlockTrades being incapacitated by the ETH latency as well. Try as I might, the transaction wouldn't go through.
Finally, I failed to get in on Civic. I got into the Civic queue around 7:00 AM, but my wait time was predicted to be a few hours out. So off to work I went. Somewhere around noon my turn was nearly up (I presumed their earlier 3 hour estimate was just a matter of poor prediction algorithms) when they determined to pause the ICO to allow the ETH blockchain to catch-up.
During this time mind you I was also dealing with my Augur issues, and this is what clued me in to what was the source of all the problems. Two hours later, I cut my meeting short as I realized I didn't have the ability to participate in CIVIC from my office. I was worried I'd miss my opportunity, so I may have ran a red light or two to get home.
I did make it in time, loaded up Civic and Jaxx and went through the process of determining my purchase amount and the security agreements....But then, Civic needed the amount of ETH to be VERY specific, I believe 9 decimal points out. Jaxx on the other hand would only go to 6 before rounding off.
I attempted my iOS application, OSX app, as well as the chrome plugin. All of them rounded off at 6. So I can say that Jaxx is consistent in their coding. I'll watch Civic closely and am curious when it will spike then find it's true floor.
There you have it.....Such are my recent learning experiences. In closing, bring on EOS! Even if it has an interesting ICO strategy.