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I think the best strategy for investing in Ethereum is a 50:50 split. Invest only half of whatever you were going to invest in the premine and use the other half to buy Eth when mining begins. No one knows but it's likely the price of ether will drop when miners begin selling their mined ether. This strategy also helps the X factor to be a more reasonable number for inflation rate in subsequent years.
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how HFT works is you co-locate a server next to the exchange in a couple of meters of proximity. there are an army of PhD's working on the lowest latencies possible, approaching compute cycle level (<100 ns = 1e-07 sec).
if you want to do "HFT" speed of light is by far the most important factor. if you pick two locations on the surface of the earth at random the maximum distance is ca. 20'000 km. with a dedicated line you get a factor of ca. 30% of speed of light (fibre optic cables in labs achieve 99%*c), which implies a latency of 0.2 sec ( = 1e-1 sec). and if you do TCP packets you have latencies of 1-2 seconds which is seven orders of magnitude away from HFT. so trading over the internet to a random server has nothing to do with HFT. there are possibly other ways to get to at least stable 1 second latencies, which the bitcoin exchanges don't achieve. the internet's transport protocol (TCP) doesn't care about latencies. CDN's and other infrastructure partly solve this problem, a rather new development.
incidentally if one has studied this one understands why bitcoin uses blocks in the first place. it's impossible to coordinate time under a certain scale. which is the reason the GHOST chain selection algorithm suggested in ethereum is nonsense (among other nonsense). it takes quite a lot of experience with these things, which is why I believe satoshi was working on bitcoin for 10 years+. There is evidence to suggest he was working on it since the late 80's. the idea that you can just sit down and conjure up the next generation cryptocurrency is misplaced, in my opinion. I do support the idea of alternative cryptocurrencies, but more humility couldn't hurt.
where can I learn more about all this? Reference sites would be appreciated. |
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Will ethereum accounts be secure from day 1? to reassure early investors. two-factor authentication? The Ethereum reference wallet will be far more secure than QT from day 1 (launch of mining). We will have it pen tested thoroughly and even take it to DEFCON next year with a big treasure pot (you hack it; you own it). On a personal note, Bitcoin theft or loss really makes me sad and also I believe is a significant roadblock for mainstream adoption. Mainstream consumers need better security and more tools to protect themselves from themselves. Thanks Charles. I will participate in the Ethereum fund raising. As a non-miner, would my 2000 Eth per btc be deposited/maintained in a secure wallet? or perhaps you have other plans on how Ethereum ownership is accounted for during the pre-mine pre-wallet period? |
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Will ethereum accounts be secure from day 1? to reassure early investors. two-factor authentication?
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What is your long term vision for Ethereum? What do you want it to accomplish for the future? I hope you express that clearly in a mission statement. What steps are you taking not to create a new class of super wealthy but rather, to empower everyone? I think ethereum is great and you are doing amazing work. It helps to articulate your mission and your direction clearly so everything you build is in line with that mission.
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Mastercoin to rule them all.
Mastercoin is amateur hour compared to what these folks have planned. Right. Ethereum is to Mastercoin what Peercoin is to Bitcoin. 1st mover advantage will be huge. Also, Charles said at the Miami conference Ethereum will only be traded on the open market Q3 or Q4 (autumn-winter of 2014) so those buying into this IPO for a quick flip have no idea what they're getting into and will be locked in from trading for quite a while. Ethereum, Mastercoin, Open Transactions, even Ripple are going to partner or work closely to build inter-functionality. The community is becoming more cooperative than competitive. There will be quite a few winners. Did you watch that video? Got to love the tension there between Charles and the Invictus dude. Just watch Charles' reactions when Invictus dude talks. It's clear as daylight they have eachother's guts. And they've put the MSC guy between them to separate the two. https://www.youtube.com/watch?v=w-9miCOsg4g#t=1541Also notice that "touring complete" part", when Charles gets pissed at the Invictus dude talking about Turing complete as being part of his project also. These guys hate each other, make no mistake about it. They were just playing nice for the camera. You're naive if you believe otherwise. They were just playing into the narrative, that's all. Pay attention that I did not mention Invictus! |
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Mastercoin to rule them all.
Mastercoin is amateur hour compared to what these folks have planned. Right. Ethereum is to Mastercoin what Peercoin is to Bitcoin. 1st mover advantage will be huge. Also, Charles said at the Miami conference Ethereum will only be traded on the open market Q3 or Q4 (autumn-winter of 2014) so those buying into this IPO for a quick flip have no idea what they're getting into and will be locked in from trading for quite a while. Ethereum, Mastercoin, Open Transactions, even Ripple are going to partner or work closely to build inter-functionality. The community is becoming more cooperative than competitive. There will be quite a few winners. |
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There is this argument that bitcoin blockchain is established and has a global network, name recognition and support group in place so altcoins and other resources built on top of it have a couple of years head-start to be successful and dominate the market. OT is one example which seems to even include contracts: http://opentransactions.org/wiki/index.php?title=Main_Page"Open-Transactions democratizes financial and monetary actions. You can use it for issuing currencies/stock, paying dividends, creating asset accounts, sending/receiving digital cash, writing/depositing cheques, cashier's cheques, creating basket currencies, trading on markets, scripting custom agreements, recurring payments, escrow, etc." Barriers to entry is getting tougher everyday. Ethereum has an uphill battle to fight and a community that needs yet to be created to develop tools and resources. Any thoughts? |
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I have been looking and can't find anything to answer my question, even though it's buried somewhere I'm sure. Can anyone just tell me when I can by ether, or if I already can?
It may be 2-6 weeks away. keep checking on http://www.ethereum.org/ |
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Why would I invest in Ethereum now and not in Ripple? Ripple Labs has around 40 people and impressive list of Investors and Advisors. https://www.ripplelabs.com/investors/https://www.ripplelabs.com/advisors/Their platform and client are already functional and people are trading on it every second. This is a genuine question. I have a few bitcoins and I want to invest in the most rewarding crypto platform. |
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For the non-techie among us, would I be able to install alpha release of the testnet client on my Win 8? Some guidance would be helpful. What does all this mean? "two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon."
see if this helps.. http://dr-pra.tumblr.com/post/73526554416/build-and-run-the-ethereum-go-client-on-windowsAre you not worried about: "Also be aware that this is still unreleased software and can cause severe damage on your machine. Use at your own risk!"? Should I be? I have 64-bit OS. Am I out of luck? "Download the Go Windows 32-Bit Distribution and run the installer. As of now this guide does not cover 64-Bit installations as it causes some problems compiling the secp256k1 library." |
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For the non-techie among us, would I be able to install alpha release of the testnet client on my Win 8? Some guidance would be helpful. What does all this mean? "two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon."
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VB has been active in the last 6 hours: http://www.reddit.com/user/vbuterinGET RID OF THE PREMINE by TheMule74in ethereum [–]vbuterin 2 points 3 hours ago We are seriously worried that if we offer a small cap then some large investor will simply gobble it up all at once, and then we'll basically have Ripple. Judging by the response we have gotten so far, we realized that it is entirely possible, even if unlikely, that some whale with 200000 BTC sitting around will decide that Ethereum just might be the right coin to throw 10% into, and we need to work around such a possibility. If no whales come onboard on such a scale, then we will have a small market cap to start off anyway. |
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Thinking out loud here... just to be prepared, if fund raising will go on as described:
Lets say there are max 500 active readers on this thread, 250 may eventually invest in fund raising. Lets limit our investment from 0.01 to max. 5 BTC if you are still compelled to invest. Those who invest 5 BTC are still making 500x investment. If this community can agree to this, this will limit the X factor within an acceptable range and puts Eth in its rightful place, with no proven product and no indication of long term commitment.
There were 1200 people in Miami conference, max 600 may invest. So my guess is maybe with limited media exposure, max a final total of 1000 people will invest in the 2 month period. We can do our part to make sure funds total will not go beyond 1000 btc.
If after all this criticism and no answers to the legit questions raised on this thread, you still feel compelled to invest: Limit your investment to less than 5 btc, preferably less than 1 and buy whatever you want later from the miners. That seems to be the most logical thing to do. Eth is not going anywhere and it will not become the world's dominant cryptocurrency overnight. I think the price will very likely drop when mining begins because miners prefer to exchange Eth with the proven BTC that holds value.
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I can think of 2 reasons for such a lack of response from them:
- they are walking back to their office in Toronto from Miami
- they are rewriting the fundraising and will announce it by tomorrow. Thursday is too late
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