Even better, translate the ANN thread and get a bounty.

Oh I see that people are finally starting to realize that bitcoin is a dead old horse, I was amazed with Ethereum when they released their first beta, the Block size cluster fuck debate just sped up things.

yes, it is OK.

Totally Agree, I was trying to point the technical issues, we can talk all day if we start thinking about the fundamental fails in Bitcoin right now. Although now alternative is safe from this one yet.

Bitcoin is facing more problems than most of people even can imagine, the most important ones that are effecting the protocol now are the Block size limit and the difficulty retarget algorithm.

We all know that Bitcoin is facing a big problem with full blocks and a very long queue of transactions even with included fee (a free transaction is a long dead concept in Bitcoin) waiting to be included in the next blocks, The cluster fuck that they call a debate that was caused by this, made a small technical problem a big issue, two camps fighting over what should be done while Bitcoin network is struggling and losing users and potential adopters and most importantly its legitimacy!

but here is how this situation can get even worst! soon (sometime in July) we will have another Halving which will bring the reward from 25 to 12.5 BTC, with a competitive mining, miners are mining at small profit margins, a declining price of bitcoin and a halving reward means that miners will be mining at loss which will result in shunting down many Data centers and cause another cluster fuck, difficulty will stay the same while the hashrate will experience a significant fall, blocks will take a long time to be mined which will result in a bigger transactions  queue (maybe one that we didn't experience yet)and constant full blocks for weeks maybe even if users will panic months.

This is all came at a the worst time possible, there are many other and better alternatives, adopters are asking: Why wait for a dying horse when you can ride a rocket ? the scripting features in Bitcoin are primitive and allow for very simple things, Like Nick Szabo said "Bitcoin is a pocket calculator, Ethereum is a general purpose computer", this is why Ethereum is booming now.

While The Bitcoin cult is still lost in delusion, smart people are looking and switching to better alternatives that beats the Bitcoin tech, Bitcoin has only a couple of months to get its shit together, but even then, it lost the battle in my opinion.


 

The block explorer is re-syncing, meanwhile you can use https://creditsight.creditbit.org/

What is wrong with Exchanges ?

Will update that tomorrow, anyone wants to be listed in the official site has to ping me or just ask here.

between PoW and PoS blocks we will have theoretically around 13 Million CREDIT.

Homestead is priced in, everybody knows about the release so it is not news that could create a spike, there is really genuine interest in Ethereum, I really think it is brilliant, but price discovery doesn't work that way... and BTW I never said that it will stay at 0.004 level.

Yes it is obvious that the price will correct, maybe to less than what you mentioned before, I think it could go to as low as 0.004 (a factor of 4.25, especially if BTC goes up).

EDIT: This is not a trading advice, this is just an educated opinion and you shouldn't consider it as a base for your trades (I usually pull these predictions out of my ass).

Still think it is a solid buy for mid-long term, although the price can (or certainly will) correct, I still don't have the balls to trade this... Most my friends swapped at least half of their BTC stash, the others still wish to do so but are not certain if it is a good time to buy (they held the same opinion since $1.5).

But to be honest, huge uncertainty is surrounding Bitcoin right now, this is the best chance for Ethereum (and other alts) to get more attention and eventually more adoption. 

Just wanted to point out that we slowed down a bit with development to work a bit more on adoption (as mentioned in the slack channel), We can be uber productive as developers and we wouldn't add much value, the adoption is what bring value to Creditbit, this is why we will work as much as possible to get Creditbit add to exchanges and promote it in the community.

Most of the volume comes from BTC because it is fast and convenient to move around,  most users use their already open and verified accounts (Coinbase/Bitstamp/Bitfinex...) to get fiat in and out quickly.

IMO ETH/BTC is really irrelevant because Bitcoin value is volatile, normally we should be looking to the value of Ethereum against fiat currencies (USD/EUR/CNY/GBP....).


No, I mean the value of Ethereum, and I think it is a sane prediction, especially when comparing it to the value of the dying horse (Bitcoin if you didn't get it) with consideration to its limitations.

That is completely irrelevant by the way, we don't really care about the value of Ethereum against BTC but against Fiat (USD), Bitcoin is losing its value and don't get tricked with the ETH/BTC trading value at all.