Can someone please explain Ethereum to me? I've been reading and trying to understand but am very confused.
Is it an altcoin? Is it dependent on Bitcoin? They say that it works hand in hand with Bitcoin, but how?
My understanding is that it is just a blockchain that can be used for developing software - but is ether a coin or is it real estate on the Ethereum blockchain?
I'm not interested in technical bla bla bla.. I just want some explanation in plain terms. What is it?
Try this link https://www.quora.com/Whats-the-difference-between-Ethereum-and-Bitcoin?share=1 Bitcoin is a cryptocurrency, designed to replace the notes and coins in your pocket with an internet based alternative. Ethereum is designed to be a programmatic platform which can be used to build, deploy and enforce smart contracts entered into by both human and computer counter-parties. In order to fund the distributed processing power required, Ethereum has its own internal currency called "Ether". So although both Bitcoin and Ether can be described as currencies, they serve different purposes, with Bitcoin intended to be a general purpose currency, whereas Ether is intended to be used exclusively to finance the internal workings of Ethereum. Whether or not Ether could ever grow into a general purpose currency is an interesting debate, but it's certainly not its intended purpose. Remember Ether is the currency of the Ethereum platform and when you use Ether to pay the miner fee for a transaction is it called 'gas'. |
|
|
|
@zaph3t read the recent posts on the thread carefully before you invest. Your chances of earning your investment back on a bitcoin mining contract are nil with the block reward halving coming up in 4 months. As far as mining Ether you can do it yourself or read this review of the Genesis Mining offering. |
|
|
|
Go to coinmarketcap.com and read into the top 100 there. You can then choose what is of interest to you for speculative/investment purposes.
I would limit to top ten. I like Ether and Monero. |
|
|
|
Holy crap those instructions on github would scare away anyone with an interest in Monero. I use LightWallet2 on Windows, works well enough but better wallets with GUIs should be a priority. At least there is MyMonero.com for getting started. |
|
|
|
Only crypto-anarchists and privacy activists give a shit about smart mining and decentralization. None of that appeals to a wider audience, who just want an easy way to spend their money (not hosting a full node). Do you really think regular people are concerned with those features? 20 years ago, only "crypto-anarchists and privacy activists" actually gave a shit about securing personal data with encryption. Then some celeb i-pads got hacked, Snowden won an Oscar, and the .gov demanded Apple destroy their own products' utility. Yet the overwhelming majority continue to use gmail and facebook. Privacy to the average person is only important as long as it's equally convenient. Unfortunately, a core GUI is not a compelling enough reason for regular people to start using a currency. Using command line for many people - such as anyone non tech-savvy or, say on a Mac - is a totally foreign and too-much-to-ask chore. Some people (including me) don't like holding a lot on an exchange or in an online wallet either. For someone who can’t get their head around using command line to make a wallet etc. (and don’t say it’s ‘so easy’ – it isn’t) it makes the project look under-developed, which is not a good reflection on how Monero is.
I agree. However, you and the few other enthusiasts who want to run their own node will not mark a significant increase in adoption. Yes, a killer payment app or a next generation improvement on a node /QT type wallet would be better to have, but I think not having a GUI is ammo for detractors and an excuse to leave Monero alone for many people.
I agree, and I stated that the only real benefit at this point of a core GUI is to eliminate any last remaining "troll ammo." ‘Why no wallet?’ is a fair ask.
No, it's not. We have several wallets. I don't think one more will make a difference. I hope I'm wrong. I am not totally sure if you are wrong. A lot of what you said made sense and has shifted my view in some respects and I am grateful for that. I just know I (personally) want a GUI for my Mac and I do run a Core wallet for BTC. I don't think I am the only person averse to command line stuff - and I don't like having money (Monero) on an exchange or in an online wallet. A GUI will not suddenly increase adoption massively, nope - but it will be one less reason adoption is held back. Given it's coming at some point, we shall see... I hope it's soon and of course I hope it does make a difference, I will stand corrected if not. If you want a Monero GUI for your Mac have you tried LightWallet2? |
|
|
|
Couldnt be a better time to buy more NXT at this price!
NXT WILL PREVAIL
NXT is in a sorry state right now. why? Because of its price? Wont stay that low for long. BTC was more than 3x its current value also. Look to the future. NXT ticks all the boxes for me, if only people would look to it and embrace it, which will eventually happen. NXT/BTC volume is very low, not much action and price is below 200 week moving average on weekly chart at BTER:  Not a good time to buy NXT IMO. Wait until an uptrend establishes and the 200 week SMA is taken out. There are more interesting coins to invest in now, like Monero and Ether. |
|
|
|
starting today, I haven't been able to view my web wallet on Safari on Macbook. Any idea why this would happen? The page just comes up blank. I cleared browsing cache and everything too  Can anyone lend a hand? I cleared everything from my browser, and now it is giving me a weird error. It says the normal "connect your trezor to continue" and when I connect it, it gives me some sort of weird error. This is on safari on a macbook running latest os x Consider installing Chrome with the Trezor extension and see if that works. |
|
|
|
The most well known hardware wallet is the trezor, but I like the ledger wallet because it is cheaper and does the same things.
Ledger is cheaper but does not have all the features of Trezor. You do get what you pay for. I have a nice desktop collection of hardware wallets but do not even use my Ledger anymore. Nowadays it is either the Trezor or the BitLox. For someone on a budget who cannot afford a Trezor but can manage $20 a Ledger HW.1 would be a decent choice. Just plan to use it with your laptop with the Ledger app on your phone to confirm transactions. Using the current gen of Ledger products directly on Android is a pain because of the security card. |
|
|
|
ty all I read some reviews and decided to get Ledger Nano & Unplugged, at least I'll have an opportunity to finally use the NFC  You will also have to carry a security card with you using Nano or Unplugged with your phone. The only hardware wallets you can buy right now that work directly with a phone (no security card for authorization) are Trezor (have to use an OTG cable) and BitLox (Bluetooth). Trezor is Android only while BitLox works for either Android or iPhone. |
|
|
|
] Wait... does this basically allow you to make a Ledger USB wallet? No, the Starter is used to provide a secure environment in which to initialize your Ledger so your seed can not be stolen by a keylogger. Read the Ledger site for details. |
|
|
|
Thanks for this. Anyone who owns bitcoin and wants to retain value should read the article, I had no idea the situation was as critical as Mr. Armstrong makes clear. |
|
|
|
I actually hear TEE is opening up for Android. This means wallets can run vitals isolated. There has been isolated keystore services a while too. They both use hardware TEE like ARM Trustzone. This is pretty hard to hack. Famous iphone hackers can't touch the kernel protection that uses it.
Ledger Trustlets still only run on selected Samsung phones though. |
|
|
|
Using latest Mist 1.3.5 for Homestead with geth running, cpu use is minimal on Windows, no problems so far. The notes at https://github.com/ethereum/mist/releases/ say that eth isn't bundled on OSX with the Ethereum-Wallet, but that you can start an eth node before starting Mist, and the wallet will connect to it. geth is written in Go and eth is C++ right? Can you use geth and eth interchangeably on a MacBook? |
|
|
|
|
Guys, I am using the Mist Ethereum wallet on 64 bit Win7 configured to use Ethereum Node > Geth 1.3.3 (Go). To prepare for the hard fork I replaced Geth 1.3.3 with Geth 1.3.5 in the Ethereum-Wallet-win32-x64-0-3-9\resources\node\geth folder. When I start the wallet up it syncs fine but in the Develop dropdown it shows I am still using Ethereum Node Geth 1.3.3 (Go). Is this just a glitch with the wallet or did I make a mistake somewhere? Thanks.
|
|
|
|
Potential buyers need to be aware that KeepKey does not allow for passphrase encrypted seeds as Trezor does. Theoretically a dedicated thief could extract the seed which is saved in plain text on the KeepKey. Same for the Trezor but you add a passphrase to defeat the thief. |
|
|
|
|
For iPhone the consensus is Breadwallet is best.
|
|
|
|
Be safe and use a .0005 fee until we get a blocksize increase. |
|
|
|
|
Until we get a block size increase you should play it safe and use a .0005 fee.
|
|
|
|
Because you only paid a .0001 miner fee. Use .0002 or if you are in a hurry .0005. |
|
|
|
I've just ordered my first hardware wallet, I went for the Ledger Nano. Hopefully it arrives next week  You'll probably like it. It seems to be a good product at the right price. So far I have not had problems with it. It works, and the price is right. What more would I, a simple man, really want? A wallet with passphrase support? That way if your seed is stolen your bitcoins are still safe ... as long as you do not forget your passphrase of course:) Even using a simple passphrase adds a significant security layer to your hardware wallet. AFAIK the only hardware wallets that allow you to protect a wallet with a passphrase are Trezor and BitLox. |
|
|
|
|
Show Posts
