Bitcoin Forum

What's the general opinion of all posters on Ethereum. Worth a punt?

Interesting concept.
Worth watching how it develops.

Tried understanding the technology and potential behind it. seems really promising considering its age and the support it gets( Microsoft offered to implement ethereum toolkit with its Cloud Service azure ). Quite a lot of interesting developments and project built on top of the platform ( augur is one of the bigger ones ). Bottom line is that it is one to watch

one of the better coins but a waste of time and effort.

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/


google network effect.

google bitcoin funding.

etc

that does not mean that it will find a niche.

high potential high risk, worth holding a few IMO, maybe more then a few when the price is right...

Its unclear weather or not Ethereum fills / will fill, a need / niche, it unclear what Ethereum is!

so definitely early in the game for Ethereum.

but i think ETH is still overvalued, it should go down a good 50% vs the BTC in the coming year(s)
weather or not ETH holds or increases in dollar terms, depends on how useful it turns out to be i guess.

Thanks for the interesting links and opinions. I'm going to invest in a few then see what may.

i still want to remain with bitcoin, if they are incorporating it as a mean of payment in their decentralized platform, i might give it a try, otherwise, it's not so different than othe big crypto(top10)

i'm also watching closely maidsafe

There are going to be a lot of dumps coming for eth in the coming year. I think so as well, that the price will decrease at least 50% of what it is now.

However eth has pretty big volumes currently, if that doesn't change then it's only a positive sign for eth. However my view on eth is that I don't really see the point of it. Big hype for such a broken product.

One of the best Altcoin, with great Dev Team,
its going to be a Huge coin

No.. avoid.

It's a rip-off copy cat of Ripple pretty much as far as i am concerned.

It being manipulated every which way.
It has no real value and no natural adoption.

Simply put Rich people made it and pushed it out with marketing.
Everybody said fuck you.. it's garbage.

So the Cult leaders pumped it and lured in the greedy who are NOW fucking with it to make their peanuts in profit.

Once the Cult leader does his dump on the morons they too will dump..
Then they will pretend it never even happened and that they were never supporting it.

AKA: a modern day digital PONZI / PYRAMID scheme.. don't get caught on the bottom ;)

And aside from all that it has a bad design.. sketchy backers and a scammy initial distribution.
and aspects of it have been mired in controversy (search around for early posts on it)

OH and as goes with any "coin" and yeah i use that term around here REAL loosely LOL
do your homework.. yourself !

Want to invest in Etherium ?
Well you might as well sink your money into BlockNet hahahha

what is the differentiating factor of maidsafe?

Mostly this.  No plans to buy in but it's good to be ready in case ETH trends.

You can create smart contracts with Ethereum. It is a platform you can program on. In terms of this, it is superior to bitcoin. But we can also build a platform above bitcoin.

my biggest hope and my main investment in 2015

adoption! adoption! adoption and adoption!
ethereuom have no adoption, it's a hyper scam and hyper hype coin with lot of confusion mixed in a bag.
we don't need this hyper get rich quick scam, bagholder hype scam, everything can be build on top of bitcoin included smart contracts with everything easy to use and understand

In my opinion Bitcoin has to many flaws to become much larger then it is at this moment.
It doesn't take much for ethereum to become as big as 25% of BTC is at this moment.
Hence, it's a great buying opportunity. I also truly believe in it's potential. Mainly because it's not Bitcoin.

Just be realistic. 1 BTC won't ever go to 10K.
The chance of 1 ETH rising 10x is bigger.
I don't use BTC anymore since al it's volatility, the scams like GOX etc.
Offcourse this could also happen to coins like ETH. Still I just feel better with ETH.

.

Where can one invest in maidsafe?

I think that a lot of people think Ether is something that it is not..

I really can't explain it..

Anything that's traded in the open market will trend sooner or later.

I agree that it is worth watching to see what happens.  I personally do not see any good coming out of it where I would be willing to invest into this myself, whether time or money.  We can only watch and shit it the best.  Good luck.

i didnt know about this earlier..
but as i read the concept seems really good... i think this will be worth investing a bit

A Turing-complete, intelli-hashing smart-chain is the next logical step in the Bitcoin --> Monero --> X progression.

It's not an easy thing to accomplish, and I don't know if VB is the right guy for the job.

But I am totally down for the cause.  If we don't get it right the first (or second, or third) time, we'll learn from previous mistakes.

It has to happen, or the statists win and their jackbooted thugs stomp on the face of humanity forever.   >:(

getting a little Orwellian, are we?  ;D

2016 will not be 1984.  ;D

etheoruom = a homeless scam mosquito looking to kill the elephant. people do believed in this, so is tooth fairy and santa clause.

this scam have so much hypes and money changing hands before it was release or even have the blue print
people would expecting more and they can't believed this was it, a vaporware hype with confusing nonsense terms. lol
gas, crash, ass, fuel, agure... soon the world using fusion reactor then they would find more terms  ;D when all they need is honest r&d then build another layer something similar to bithalo or openbazaar

Yep, Ethereum looks like a scam. It always smelled fishy and wasnt a very transparent enterprize to begin with.

Yeah..  Whatever that makes the price low and stays low is good.  :D

I agree... I've been watching it from the start and I am not surprised how well it is going due to the interesting concept

It's interesting indeed.  And some of the projects on Ethereum are interesting as well.  This one caught my eye  http://slock.it

And branding Ethereum as an outright scam ala Bobsurplus is taking it overboard.  The world's biggest banks are looking into using its blockchain for fucks sake.

Any project that I am not personally invested in is a scam.  No questions asked.  Case closed.  

2000+ plus developers, Microsoft, the worlds largest Banks, bla, bla, bla...

None of this matters. It's all a smoke screen. When benthach (an illiterate tard from Kazakhstan) says something is a scam... it's a scam! He doesn't need proof! His words are enough. He is a champion of righteousness and a friend to all who have incestuous tendencies towards their cousins. Now... case closed.

GO QUARK!

I think the cost of developing the Ethereum infrastructure is too high. But they are cutting the cost now.

ETH is a risky business, there are already some competitors out there with pretty much the same functionality and many more coming. I think at this moment it's overpriced for it's usefulness.

Please elaborate.

#ifcounterpartyfullofshit

After my research and understanding I feel ethereum will certainly grow in adoption as it is building what I see as the next de facto platform for the web. However, Ethereum is not a monetary instrument. It is used as digital "fuel" for the smart contracts. Additionally, ethereum is infinitely inflational. Its not necessarily bad economically, but when approached as a monetary instrument this means ether will only grow in value when the demand for them exceeds the supply. And right now the demand is still far in the future when more platforms like augur, boardroom, and airlock launch and gain adoption, meaning any ether bought now is practically guaranteed to decrease in value simply through inflation.

Ethereum (ETH) is almost 0.004 again. I hope I can be convinced to hold ETH for a long term but many of the altcoins have disappointed me. For now, I will stick with trading altcoins to earn more btc.

That is the right decision. You may get more Ethereum in the process. The Ethereum is developed quite actively. It might become big.

Ethereum is a big news now a days they are the number 4 on the coinmarketcap and many faucets are created for this coin I am still on a research why this coin has been making a big noise..
I might allocate some funds if this coin will become the silver of crypto currency

Now I am waiting for Augur to be out to see how it will turn out for Ethereum (ETH). People are raving about this coin when the price is rising. I still remember the doom and gloom when ETH keeps dropping since its ICO last year.

it's a get rich quick scam coin which is manipulating and hype by whales on poloniex, nothing more to it. usability and adoption is none existent, their mist wallet is still a 20th century tech. also, seen the coding is stuck the team is threats they have no more money.

ETH is good but it is 80% hype and 20% real potential

Don't listen to these haters ^ they probably invested in monero or litecoin like the basic bitches they are.

Ethereum is the next evolution of blockchain technology.

That's why the price is rising, people are slowly beginning to see the facts and drop shitcoins and buy ethereum.

ETH is interesting and has capabilities others do not.  I try to give every altcoin the benefit of the doubt because at the end of the day it is all innovation and we need that right now.

The real test for Ethereum will come when the funds from the initial IPO/ICO run out. At this time Ethereum ranks 10 in Developer behind many coins funded by community based Free Libre Open Source Software methods. https://www.coingecko.com/en?sort_by=developer_score (https://www.coingecko.com/en?sort_by=developer_score). Please do not get me wrong the technology is extremely innovative, but the real risk here is that someone may pull a "Litecoin" or a "Monero" by creating a community based FLOSS fork leaving the investors high and dry.

By the way I find it really interesting that Vitalik Buterin is an advisor for z.cash and will be receiving part of the emission of z.cash for his services. https://z.cash/team.html (https://z.cash/team.html). This brings me to my next point. Can someone explain to me why one cannot build the anonymous zerocoin part of z.cash on top of Ethereum?

Ethereum introduced a whole new concept on how to use blockchains. I think it's a great project with bright future ahead.

According to that metric, ripple and dash are better than ethereum so I can safely say that can be disregarded as innacurate.

Ethereum developer community should include all the developers working on other startups which are building on ethereum.


Also, ethereum has the highest number of real world physical meetups after bitcoin which is a far better metric of developer support.

Vitalik is an advisor for Z cash, which he is free to do. And hopefully his role will allow him to draw knowlege from the development process of Z cash which can then be applied to Ethereum.

I think Ethereum is still kind of on Version 1.0, could be improved, but it seems like some startups are already (trying to) build applications around it. Ethereum and the Ripple version are both worth keeping an eye on, anyhow.

Some highly knowledgeable people on here say it is flawed.

The thing is unless you're a high level programmer/cryptographer it's hard to know what's actually what..


I think best to have a small amount of ETH but not the BTC killer some are touting it as. I wouldn't buy at this price. $1 max

Ripple and Dash are better than Ethereum is what sense?  In that they have better technology: No. In that they have a much more sustainable method to fund development: Yes.

I am not a fan at all of proprietary (ICO/IPO/premine etc) funding methods that tap the emission for development funding at all. For starters they leave the crypto currency wide open to regulatory non compliance as happened with Ripple and FinCEN. Nevertheless Dash's masternode voting development funding method, as flawed as it is, is way ahead of Ethereum's one time spinning diamonds approach to funding development. In the case of Dash the funding method is at least sustainable over a significant period of time while Ethereum's is not.  Furthermore there is nowhere even close to the massive corporate overhead in Dash as there is in Ethereum,  This shows in the CoinGrecko Developer rankings.

The only viable long term funding methods for crypto currency are Free Libre Open Source Software development methods that are based on a combination of in kind and monetary donations to software development. Monero is a very good example of what I mean.

Thanks. I see only the number of closed issues is much higher for Ethereum (https://www.coingecko.com/en). Are you referring to something else?


Be careful with that assumption. Even open source requires a utility in a market to sustain interest. There are other potential funding models similar to the ones Eric Raymond enumerated (http://www.catb.org/esr/writings/magic-cauldron/magic-cauldron-9.html).

Depends if your talking about the Ethereum the platform or the Ethereum being sold on various exchanges.

Ethereum the platform may be of use sometime in the future if they get it right.

One of the features of Ethereum the platform is the capacity for anyone to make an altcoin (or token as some call it) with various configurable parameters. The Ethereum currently being traded was  a unique method of creating startup capital by the developers instead of utilizing historical IPO offerings (a better method because they continue to own the company). As such it's nothing more than another coin; but, will have an interesting background if someday the platform accomplishes anything.

If you're interested in purchasing Ethereum you need to separate the information about the potential of the platform from the altcoin called Ethereum which is essentially nothing new. Buying Ethereum the altcoin is not like buying into the company that owns and is developing the platform. Essentially you're just buying the coin.

There are many statements in the Altcoin Discussion subforum that do not separate the platform from the coin. The reason for this maybe ignorance or simply a desire to pump value. Likely in the future we can expect more new coins created by the platform to be marketed with the usual pump and dump cycle.

Currently ETH is the only currency used to pay transaction fees in ethereum.  So its value IS linked to ethereum.

It will also be the only coin used for staking when POS starts which makes it integral to the ethereum platform.

i like the whole concept of Ethereum but the way its price is shaping up is not my favorite.

besides all the shills and spamming is not helping it either.

In my opinion these two things are inevitable:

1. Bitcointalk.org will be renamed Ethereum-talk.org
2. The Bitcoin Forum will be moved into the Altcoin Discussion forum.

There are still more talks about Bitcoin in this forum. When the price of Ethereum drops from the peak, there will less talk about Ethereum.

Ethereum is ten times better than any coin out.  And the price is slowly catching up to reality. 

Dump your shitcoins before it's too late

Sell your eth for btc before everyone else does (talking out of my ass).  Obvious pump and dump though and I think it's running out. Poloniex getting 80% volume for most of the pump seemed like a pretty obvious indicator. Reminds me of the LTC pump and dump last year.  I predict Eth returns to 2$ within the next few days ;)

satoshi (nick szabo) is doing that!!!

Btc and Eth are competitors???? huh?

It's starting to seem so, yes.

The future forecast says...

Bitcoin = gold
Ethereum = smart contracts
XRP = bridge currency

at least that is my take...

Nice, Ethereum has one big card up its sleeve and it is appeal to those outside cryptocurrencies (and goldbugs, though I love Bitcoin).

I think they are competing for the top coin. But I think Bitcoin will be the Number one for long time.

i like the coin, it looks interesting to me.
right now it is being pumped to the moon but i hope after the dump it can continue growing normally.

Of course, you need only see the stats to know that.