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I am starting to think so, why would you want any other altcoin when you have ethereum that can do it all?

What exactly is ethereum?  Is it a crypto currency of its own or a platform for cryptos?

turning complete blockchain platform

I don't get your logic. Currently we have shit load of altcoins that somehow co-exist and we don't see everyone jumping on one (currently "best") altcoin.
Why do you think it would be different with Ether? Not to mention you can use Ether to create more altcoins.

Edit:

Both?

They co-exist but are rapidly being sold into oblivion. There is no barrier to entry and 100 of coins are being introduced every month. Huge multipools selling for a profit for BTC.  My 8 month honeymoon with alts are now over.  I'm now licking my wounds and sticking with BTC(asset) and now ETH(platform).. The only two that a feel have a future. I should have stuck with BTC from day one. I would have saved a heck of a lot of my money.

It's not going to kill them it's going to die a slow and painful death. It's not that great of a thing.

Hate to be the bearer of bad news, but Ethereum as a platform isn't any more likely than Ethereum as a currency.

Vitalik admitted that oracles are a better solution for most of the things people what to do with Ethereum, and there's absolutely zero reason for those oracles to work with Ethereum instead of Bitcoin.

 ::) Like circle or ripple ... http://www.likecool.com/Gear/Pic/Gif%20Shoot%20in%20water/Gif-Shoot-in-water.gif
They try ... they fail.

Im sorry but no, it seems every new month there is new hot altcoin. And you need new blood every month buying the useless crap.

Sorry but you had to post in altcoin section to discuss with altcoin-minded people instead...

So basically BTC can provide every that is needed? If thats the case, why even bother with all this other crap?

Simple human greed, they wish to be like btc early adopters, so they always dump hundreds dollars here and there on alt coins. We have thousands of these greedy pigs and that add up to multi millions market cap for alt coins.

Believe it or not, these ppl still refuse to see the price of btc isnt just hype.

Well, for now the only thing killed by ethereum are investor's wallets. :D

Does anyone have a link to these "oracles" or what Justus is referring to in this post ?

http://gavintech.blogspot.ca/2014/06/bit-thereum.html

i think so too, bro

Oracle is a generic term, not specific to any particular implementation.

This is the blog post I was talking about:

https://blog.ethereum.org/2014/07/22/ethereum-and-oracles/

ethereum is a non-starter.

Not touching it with a ten five foot pool ...

Ethereum looks promising, but its still in a concept stage. Even now they are not sure what tech to use, and are trying to team up for DPOS. So I doubt anything can be said about it right now.

Other than buying etherium what other ways are there to make etherium I looked around on the site but there was little information provided.

The only way to get it at present is to pay them a shit load of cash.

The buy in mean what, exactly?  Before the IPO began...

Ethereum forum was dead and barely had any activity
Videos barely had any views
Barely mentioned on BTT
Periodically only mentioned on Crypto news websites..

Then now during the IPO it hasn't really changed a whole lot.  Who exactly are these people who are investing $100K+ amounts as if it was loose change?


But what does the top 100 mean if we don't have access to this information?  Maybe it's 10 people who own 40% of Ethereum.

 As well wallets =/= unique persons.  If you're going to invest millions then you're not going to do it with one wallet.  Reasons:  Want to avoid the attention that one guy is taking over the whole coin (captain obvious ponzi scheme alarm).  Second, you don't want to lose all your coins if you get hacked (having multiple wallets lessens the possibility of losing all your coins to a hacker).


Interesting that on their link it says top 100 Doge wallets own around 45% but I don't think anyone viewed Doge or BTC as a money making opportunity when they first came out.

As well as a distribution where 100 wallets (wallets are not people - I can have 10 wallets if I wanted to) owning half of a coin is terrible end of story.  It may very well be 12 people who own half of Ethereum and they could had been Ethereum insiders or supporters from 2013.

Based on the amount of their IPO, Ethereum may not only be the altcoin killer, but bitcoin killer too, at least as far as btc's price goes. It's an awful lot of btc to cash out there...

Seriously, Ethereum isn't even meant as a currency, so whatever affect it has on altcoins most likely would be indirect. Such as people cashing out alts to buy Ether... or Ether killing btc's price, lowering altcoin values. I have no idea how IPO people will make money on Ether though, as not sure who is left to even sell to.

See the post I made.  Vitalik himself said the top 100 wallets (wallets are not the samething as unique persons) own half of Ethereum.

If BTC price is collapsing due to Ethereum then it's BTC whales from 2009 / 2010 who are selling off.  Much like the Maidsafe IPO ($8 million IIRC) received stolen MtGox Bitcoins and money from whales.

https://bitcointalk.org/index.php?topic=582731.0


There's far better alternates to Ethereum, Maidsafe and Mastercoin but a lot of these wealthy people have to be spoon fed by copyrighting scam coins into believing what the next 2.0 coin is going to be.  The people who invested into Mastercoin and Maidsafe would had made tons more off Doge, NXT, Dark, et cetera.  

The people buying Ethereum are going to be disappointed when upcoming 2.0 coins produce far better ROIs and end up having bigger capitalizations than Ethereum.

Sounds like this guy is just following the hype and probably has the same 'good feelings' about ethereum as what he had about the shitcoins he lost money on. Some people will stay noobs forever

Exactly. It makes absolutely No sense to invest a substantial amount of your $ in Ethereum.

The ROI will be very small since there isn't a definite cap on the IPO making each Ether worth less and less with every new investor, it also states on the Ethereum website that the project is very new, and the whole thing could collapse, losing the investors their money(paraphrased in my words)

No way,i think Eth is one of the altcoin,how could it kill altcoin

I would worry if I invest money into Ethereum and Ether.

All altcoins are going down hard, if there is an active market for Ether, I wouldn't be surprise if it go down like the rest of altcoins.

There's nothing active on ethereum.

Yeah even if you choose to ignore all the uncomfortable truths about Ethereum - you can't ignore the capitalization aspect.  A coin that will launch with $15 million won't go anywhere anytime soon as anyone who wanted Ethereum would had bought during the IPO and historically it's difficult for cryptos to go past $50 million.

If 100 wallets control 50% of Ethereum (wallets =/= people so less than 100), means there isn't any userbase behind Ethereum (only deep pockets).  That's no different then how Mastercoin and especially Maidsafe launched with huge capitalizations and haven't gone anywhere.  Someone who invested into Mastercoin and Maidsafe would had made more off Doge coin, NXT, Dark, et cetera.

it is just sooner or later that many of the Ethereum buyers are expecting to crawl back in BTT forum here and there and crying of being scam

http://bycommonconsent.files.wordpress.com/2012/01/beck-main-e1302190402969.jpg?w=300&h=200

"but this kid from the internet told me his 2.0 coin would make me rich!"

Goldman Sach executives sat down in a board meeting and said: "alright we need someone hip, young and cool.. a mascot", "like Bieber sir?" "no but someone like him".  "How about Vitalik Buterin?  He's from Canada just like Bieber" "Good idea Jones, you'll be getting that raise".

you can just integrate everything in bitcoin to be honest, even ethereum isn't needed, sidechain and other stuff can make bitcoin truly complete

Competition among other coin is good for the system for one.

What would the fun in having just one main crypto mmm?

Bitcoin is too big and bulky to make any "real" progress. All the potential will be built on top of the insecurities and slow transactions through inefficient 3rd parties on bitcoin's core.

The real future is with coins that have the ability to develop there core and produce Turing Complete side chains. Nxt, bitshares, skycoin and eventually peershares will all have these features. Ethereum on its own will be highly inefficient but the technology itself will enable the revolution of other coins.

you wouldn't say this if you had not lost the early phase of bitcoin, cryptoworld is all about early adopters

altcoin drop a lot after Ethereum launch, so sadly yes :(

Everything has been dropping lately, if Ethereum has anything to do with this or not I do not know.

It doesn't even exist yet. Ether isn't even a currency, it's "fuel". A digital IOU. It doesn't even have a total supply. They could change it at a whim.

This is the worst kind of speculation. There's no product on the market yet.

Investors can't blame anyone if they lose all it out on vaporware.

"Ethereum the altcoin killer?"

For me IPOs are broken system of currency creation at some point any BIG IT company can come in and serve us best IPOs best features like etherum did.
This is not direction where we should go - that is why i love BTC LTC DOGE BC and whole non ipo coins...
Next time it will be digital USD dollar then other fiat currencies and development by governments.
Do we really want such stuff ? For me on existing blockchain balance you can do any BTC2.0 feature.
Like smart contracts ( Bithalo ) you don't need have all stuff in one wallet.
Bitcoins 2.0 are BIG ipos nothing real more - BTC is good as 1.0 2.0 3.0.
Real difference between BTC and alts is POS <> POW or maybe block time - features are so stupid any coin have same features all depends if you alt dev is motivated enough to
made them.

"...for technical reasons EthSuisse may need to change the annual rate of new creation to a value lower than 26% to account for changes to the Ethereum mining algorithm or to address other issues that may arise. There is no guarantee that this percentage will be accurate or that this rate will continue at the same level..."

So

- Ethereum is an inflationary "coin"
- The initial inflation rate is 26%.
- There is no maximum number of ethers that can be generated.
- The team will "adjust" the inflation rate "to address other issues that may arise".

This coin will kill all alts in 3 months from launch. Trust me...

Nobody will touch an alt coin after $15.000.000(initial IPO) will become $100.000 (3-4 weeks after the team will manually adjust the inflation rate for the first time) .

That's the risk you take. Everyone's hoping to be a part of the next NXT, but unfortunately Ethereum is too complicated, too ambitious, and too convoluted to be an easy sell.

ether:
-highly flameable
-very volatile
-vapourizes quickly
-explosive
-causes anesthesia

http://en.wikipedia.org/wiki/Ether

what else do you need to know?

I'm already invested and cant take it back...

The only one coin and it's Bitcoin!

Last week and this week should prove this statement even strongly.

There is only bitcoin and nothing else.

How does this prove it? If you are stuck in this mentality you will lose out big time. Various new and interesting projects are coming up, and Bitcoin might eventually become obsolete.

The killer of altcoins is here: http://iCoinHost.org

I hate IPO coins all ends with the team leaving the project and running with the money. I dont believe it will clean all of the others alts.

Yea and week later BTC dump 650$ -> 300$ by people playing in margin trading.
All crypto markets are very similar just accept it sometimes they are different with time scales.

So far, all the altcoins and projects eventually turn totally disaster. Until the market say otherwise, the statement still hold true for now.

We know from Vitalik's blog that top 100 Ethereum wallets own around 45%.  Wallets =/= People, a common security practice is to break up your large funds to avoid losing them all to a single hack theft.  So it could be anywhere from 10 - 99 people.

Another scary thing to consider is Vitalik is also dumping 1000s of BTC as we speak, but the Ethereum counter continues to go up / remains open.  There's a reason why in most IPOs the developers don't move the funds as they'ld be accused of self-feeding and manipulating the capitalization.  

How do we know Vitalik isn't taking 1000s of BTC from the IPO and isn't throwing them (after using a mixer)  straight back into the Ethereum IPO to pad up the capitalization?

I personally dont think Ethereum is the alt killer because look at BitHalo and Blackhalo, its ALREADY doing what ethereum wants to do. Didnt even take an IPO.

guys, take a look icoinhost.org, it is already in TestNet, you can have your own altcoin for free, 10 miiliion of them.

Till now Ethereum is nothing but the summary of ideas of its devs and the amount of collected bit coins. This is the fact and all other things are truly speculative at the moment.
So no; atm I don't think Ethereum can kill altcoins!

Ethereum is a great idea, but a terrible investment.  We may even get a better price than the IPO after launch. I do think we are heading into the dead alt-coin stage.

 IMO, most new coins coming out will have a hard time breaking the 50k market cap barrier, even if they have proof of developer, anon and maybe even a few other cool features.  The current feature sets have  been done to death and only a few will survive from here.  New coins have shorter pumps and drop like a rock immediately.  Alt-coins won't need any help dying.

They didn't do a good job on marketing then.

Ethereum IPO is very successfully by just any measure. The project itself, not so much in my opinion.

Has Vitalik said when he will start dumping the rest of the IPO bitcoins after the IPO ends around the 1st of September?

No other coin is doing what Ethereum is trying to do. We don´t even know if it will be possible ever.

But if Vitalik succeeds Ethereum will be the next big thing. The first real Bitcoin competitor in case of adoption.

That's the issue, though. Ethereum hasn't done anything yet. Which is no different than any other IPO. It can make lofty promises, but whether it can deliver on them, and even if it could, if the market takes any interest in it, is another matter.

Right now that's two big IFs. This forum is always talking about the "next big thing", which almost always turns out not to be. I just think people need to be pragmatic. Put yourself in the shoes of someone even Ethereum. How would you hear about it? Would you use it? Would you understand it?

You've got to come at this from a position that we, the crypto community, understand crypto. Everyone else doesn't, and Ether is very much being sold on a basis that we understand. I can understand that as an investor, you're going to want to praise Ethereum and sell it as the next big thing, but don't get blinded by a group of investors telling each other the product is great, when non-investors might not agree. If you hear someone praising Ether highly, then they have an invested interest in it doing well, regardless.

Is an investor a reliable, unbiased opinion on Ethereum? Of course not. It's the non-holders you should pay attention to most, whether it be positive or negative.