My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate. Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ... What's the difference between 'the inflation rate is the same forever' (and is 40% as far as I've read) to my 'its 40% inflation rate' due to its constant production and mining? I've highlighted your word 'believe' as there seems to be a lot of 'believe' and 'think' and 'probably/maybe' surrounding Ether. You can't guarantee a 'maybe'. Not trying to be funny, but I could believe the Magic Moon Monkey will come down and bless me tomorrow, but that doesn't make it so. That's why Ether makes me feel nervous to buy. Tell me there will only ever be 21 million Bitcoins and I understand, tell me some strange mathematical formulas for Ether being produced forever but at a 40% inflation rate (which is huge compared to USD 5%) and P&D floats through my head. Perhaps I'm misunderstanding 40% inflation rate? Perhaps I'm misunderstanding a token/coin that's not locked and can have more produced whenever it might be needed. The protocol isn't fixed in view of Ether generation. Ok so first of all the Eth inflation rate is 33% - not 40%. It is 33% of the original Eth issuance - NOT of the current Eth's in existence. It will take three years for Eth supply to double the first time. Six years for it to double the second time. Twelve years for it to double the third time. 24 years for it to double the fourth time (USD inflation). My comments on the PoS are due to the fact that the details on the PoS are up in the air. Should be set in stone for Homestead release. |
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My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate. Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ... |
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While I pretty much disagree with the pricing sentiment (I sold most of my ETH due to a personal project or I would've kept them). There is a pissing contest going on in the reddit about the 5 mil distribution to early founders who have moved on to other projects. I guess 5 mil was just released to people who may dump on the exchange soon ...
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I guess I'm more curious what the market was like pre eth ....
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So just stumbled across this recently. What kind of prices, volume & terms have you guys who lend & borrow BTC for trading been getting?
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They included the 60 million ETH premine for the ICO. Then they included a 12 million ETH premine for the devs. Most people didn't know about the devs premine so I thought I'd show them proof of it.
Does anyone read anything before searching blockchain for shit? It was in the presale ... .09 for project contributors (there are dozens) & .09 for foundation to pay for future development. |
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everyone wants out due to upcoming rollback Someone wanna provide a link or documentation? |
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one word HYPE!
it will die out after the hype, just like aurora or paycoin. ethorieum is a shit name, hard to understand, waste of time and useless piece of scam.
i know most people would think this is there last chance to strike rich in crypto, know this, the world don't work your way. remember it.
Yea so without getting technical. IBM didn't fork any of those coins. Nick Szabo didn't tweet about any of those a half a dozen times. Peter Theil wasn't interested in those coins. Ethereum can stay worth $0.30 for all I care (or $0.15 if you wanna use BTC ratios) and still work fine (it won't). But comparing it to Paycoin or Aura is laughable. Aura was a copy. Paycoin was a string of outright lies from a known scammer. Ethereum was far beyond what either of those projects ever even tried before it raised a dime. |
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LOL this was an entire year ago.... Did they ever actually release anything to the public or is it still just all talk?
They released a fully working PoC version to the public prior to fundraising over a year ago. Since then - there have been nine new PoC releases across three different clients adding features / refactoring code. The latest stress test handled roughly 10X bitcoin transaction volume. The network is going live for the developers & the GUI's (which include a web browser & javascript language for Eth development) aren't "officially supported" (some people are using them anyway) until the Homestead release. |
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The 9.9% endowment pool to the founders is not new news.
Pretty simple. Ethers sold at 3,000 Ethers per btc. Total ethers sold * .099 went to foundation for future dev expenses. Total ethers sold * .099 went to "founders pool". Total ethers in existence at time of presale was amount sold * 1.198.
Mining inflation is a slightly less than .26X of initial ether sale for life.
Totally get why a lot of people have a problem with it. But the terms were pretty out in the open in the presale. Not difficult to understand. If anyone gets f***** it's the presale buyers. If anyone gets rich it will be the primary founders & the pre-sale buyers in that order.
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It has taken nine months and the fight over the blockchain size limit is still strong.
Don't expect any improvements in bitcoin over the next 5 years. They may not come from Ethereum but politics & centralized Chinese mining has stopped bitcoin progress in it's tracks.
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Sounds like this project is already in its deaththrows. Leaked Skype chat has dev saying they're hears away from finished but will run out of money in 7 months.
I read thru the chat (it's been out for quite a while now) and my take away from it was a bit different. If ethteam gets to Serenity before running out of bitcoin (not going to speculate on likelyhood of that here) - the foundation will be generating apx 1.4 mil ethers a year if they stake them. At Serenity with the live network up and running, the security audits behind them, the logic code mostly done, the PoW & PoS developed the $ load goes from initial startup costs marketing development building three separate clients from scratch that support touring security auditing two new consensus algo's to scaling & speed improvements support / bugfixing (bitcoin has how many full time devs?) if you're able to cut current costs down to whatever is supported from staking then you are fine. The project will just scale down to 5 devs & a PR person (if ether is worth .30 - more if it's more. Less if it's less) What did NXT start with - 40 pre-investors? Ethereum has thousands ... How many applications were developed in NXT pre-launch? Ethereum has dozens. There is a lot of space between "We are gonna wipe out litecoin on day one u guyz!!!" to "Dead on Arrival" It is neither & has produced code & attracted enough attention OUTSIDE of this altcoin speculation forum (something that no other altcoin has done to the same degree) that most are oblivious to that it will have it's shot over the next 12 to 18 months. It has raised eyebrows of IBM, banks who are interested in moving to a ledger system and more. Funding Ethereum (or figuring out a way to keep them / project alive & intact with consensus) will be their cheapest route to continue ongoing development they may want to tap into in the future. |
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So first of all I don't know what the price will do. You might be right about that but per the linked article Despite the experimental status of the current version of Ethereum, over 70 prototypes and demonstrations of applications have been built on the Ethereum blockchain. So Ethereum needs years more & pretty much a failure. But 70 apps have been built? Can you point me to a crypto project that had 70 apps pre-release? There IS a GUI wallet that can even be linked to coins. It isn't "officially supported" since people are dealing with real ethers and it's still in beta / development. Ethereum had more original code a year ago than any other project that has raised funds in bitcointalk. Also - the "needs years of development" includes things like supporting 100,000 transactions per second. When you add shit like that to your roadmap then yea ... you do need more years to develop. I don't disagree with the criticism of the lack of a supported GUI (although I understand it from the Ethereum side). But this article is as one dimensional as the pump articles. Crypto reporting is such a sham ... |
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Will there be some normal exchange of ETH on launch? Normal means no need to send scans of my ID.
I heard rumors about polo, but is it confirmed?
Yes - it's going to be "when ether unfreezes" in a few days per mod. |
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We usually Pump on weekdays and weekends, but if collectively we get enough we might change to doing it more than 24 hours a day.  |
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If you wanna keep the GF I would recommend no TV with an excuse like "More pantsfree funtime" than the disney TV. Yes, that's a nice TV. Also nicer than any I've owned. Here's a second plan. I could just buy this bad boy and put any other funds remaining into Monero. http://www.ebay.com/itm/like/221822175303?lpid=82&chn=ps (look at that sweet walt disney logo) |
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What r u doing here, you're a developer like the other 28 monero developers go do some work it's not about copy paste and a fancy website it's about developing new ideas and implementing that to the coin.
This is you're job not crying here
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Ethereum has more sophisticated tools, a more robust language and more backing by entities outside of crypto.
Ideal would be AT into bitcoin but we all know that isn't going to happen ...
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Many people who hold XMR will claim that the rise in XMR spam is a result of trolls.
Personally I doubt that. I mean if that was really the case we'd see this kind of thing more often.
To me it seems this troll narrative being pushed forward is similar to the old arguments about Paycoin.
I think it's less malicious intent or "forum bullying by spam attacks". People are just bored 'cuz not much is moving and they poke Monero for entertainment. |
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