Ethereum, the next era of bitcoin technology

[bornil267645]

According to Ethereum communications officer, their eponymous product is the most popular among companies seeking to establish their blockchain apps for the next decade or so. The platform’s developers announced on the 22nd of July that they would be soon launching the full version of the popular not-for-profit product. And yesterday, the Ethereum team announced the public launch of the first version of the platform.

https://99bitcoins.com/ethereum-the-next-era-of-bitcoin-technology/

[1715414842]

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[1715414842]

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[Ingatqhvq]

Is this should be in altercoin board? And i don't think Ethereum is a big deal, there are lots of similar project such as AT.
                                                                   

[Amph]

i don't trust them too much, where are the 5K+ bitcoin that they made from crowdfunding? are really used for the project there is no proof of that of which i'm aware

maidsafe it's a better alternative, they look more legit

[nextgencoin]

Ethereum = JPMorgan coin.

[harrymmmm]

Although strictly off-topic, I think it needed to be announced here. Everyone is interested at least.
Ethereum is far more than a 'coin' so it deserves more consideration than your average altcoin.

It will be interesting to see how bitcoin and ethereum interact in future. I guess initially shapeshift.io will come in handy for that.  Bitcoin can provide a secure blockchain to underpin financial contracts on ethereum.

[desired_username]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

[Mickeyb]

I am not so sure about it, but lets give it a chance. They have collected huge funds, they have pushed through their schedule as well.

For now it seems like an overly hyped platform that has a lot to prove but still hasn't proven anything. Expectations are huge and this is what worries me, will they live up to the expectations?
Something tells me that they won't, but this is just my hunch!

[CoinRocka]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

Why would you showcase a very risky platform on a very risky platform?  You wouldn't.

[nextgencoin]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

Being a shrill is half the story. The scary truth is there are people paid to go on forums like this to promote Ethereum, this coin is a bank coin, it was clearly built to undermine Bitcoin and ruin the whole concept with deriveratives.


DO NOT BUY THIS CRAP!


If I ever saw that winney nerd that put his name to this coin I would snap his neck.

Is the guy an android, he seriously sounds like Stephen Hawkins computer.

https://m.youtube.com/watch?v=cahj4WJtp20

[cbeast]

Wasn't ethereum originally run on the bitcoin-powered counterparty? Wouldn't that make ether an altcoin for ethereum?

[DooMAD]

Whatever potential Ethereum may have once had, it's already too late.  They took too long and other projects have beaten them to it.  The only thing they have left in their favour is a bit of hype and some recognition of the name.  Maybe that will be enough to make them a success, but all the features they were promising are already available in other coins.

there are lots of similar project such as AT.                                                                   

Yep, personally I'd go with the coins supporting AT.  Qora, Burst and hopefully a few others in the not-too-distant future.  They support trustless cross-blockchain transfers right now, without relying on a centralised exchange, plus smart contracts and asset trading already up and running. 

[Meuh6879]

Ethereum is nothing than Circle & Ripple.
They can't beat Bitcoin network ... 

[Panadacoin]

Ethereum is nothing than Circle & Ripple.
They can't beat Bitcoin network ... 

Etherum was never trying to "beat bitcoin".  Etherum helps to solve the problem of insufficient resources by offering the ability to create and streamline decentralized apps. This is how I understand it.

[wagabee london]

the world computer is a great concept and it,s a hypermediaplatform

[LiteCoinGuy]

Ethereum is nothing than Circle & Ripple.
They can't beat Bitcoin network ... 

Etherum was never trying to "beat bitcoin".  Etherum helps to solve the problem of insufficient resources by offering the ability to create and streamline decentralized apps. This is how I understand it.

Interesting project but the bitcoin-world will adopt the good stuff easily.  Etherum has no momentum when you look at the big picture.

[mrbrt]

According to Ethereum communications officer

lol

[jonald_fyookball]

not interested in altcoins.

[NorrisK]

I think they messed up big time by delaying the launch for so long.. People who bought into ether bought in with bitcoin worth 2-3 times current value. I think a lot of people will be looking to cut their losses..

[LiteCoinGuy]

According to Ethereum communications officer

lol

[RawDog]

maidsafe it's a better alternative, they look more legit

This is like saying a 'spoon' is a better alternative to 'happy'. 

Maid and Etherium are completely different and they don't operate to accomplish the same things.  How did the bitcoin community get so many idiots?

[findftp]

Etherium, the first coin which is totally funded by the illuminati.
They will try to replace the dollar with it.

Dollars and Etherium both have at least one thing in common.

The Illuminati pyramid symbolism.
For that reason alone I don't trust it.

[mallard]

I like Ethereum, but I don't think it's really Bitcoin related.

[Amph]

maidsafe it's a better alternative, they look more legit

This is like saying a 'spoon' is a better alternative to 'happy'.  

Maid and Etherium are completely different and they don't operate to accomplish the same things.  How did the bitcoin community get so many idiots?

the same can be said about ethereum and bitcoin(they are different things), so your logic is flawed, no one said that different things should not be compared, this was your assumption

so before insulting check your fact first, next time...

besides this they still share the same decentralized purpose(both are decentralized platform), so their comparison is legitimate

[jdebunt]

Still not a fan of how they launched, it seems....almost as if they didn't try to release it properly.

Then again, it is open source, and can't wait to see what we can expect next

[Alley]

All the IPO buyers will dump their coins as soon as they can causing a huge fall.  Then everybody will start yelling pyramid scheme and P&D.  This project is DOA.

[monsanto]

According to Ethereum communications officer, their eponymous product is the most popular among companies seeking to establish their blockchain apps for the next decade or so. The platform’s developers announced on the 22nd of July that they would be soon launching the full version of the popular not-for-profit product. And yesterday, the Ethereum team announced the public launch of the first version of the platform.

https://99bitcoins.com/ethereum-the-next-era-of-bitcoin-technology/

It will be interesting to see how legal authorities react to gambling apps being run on the ethereum network. Bitcoin has a lot of gambling but it's not being run on the actual blockchain. Seems like this will push the legal envelope further.

[JBC]

Ethereum's media coverage is underwhelming. The only people who seem to be talking about Ethereum are Cryptonews sites and alexa rank indicates nobody reads them.  Cointelegraph now displays their view counts and they only get 100s of reads per article.  Your Dick and Janes cryptonews sites probably only get dozens of reads per article.



The most read crypto site is Bitcointalk and Ethereum avoids this site as they know they would melt in the face of criticism.

The alleged strength of Ethereum are the ecosystem projects and yet these projects did not receive any of the $18 million in investments.  They used their hype and connections to persuade people to work for free for them.  Exploitative.  As well I get a lot of Déjà vu from reading this list as it is the exact same stuff we have seen from other platforms.   Ethereum is offering nothing new to crypto.  Just a rehash of the same old.

http://dapps.ethercasts.com/

[JBC]

Has anyone bothered to do a background check on Dr. Gavin Wood?  The creator of Ethereum? Or any of the Ethereum people?

The results I found was he did not publish anything since 2005.  His "PhD" was in Philosophy, granted the thesis was about computers but a computer thesis in Philosophy?!    

He previously worked for DJ lighting company which failed to deliver any product and subsequently went bankrupt.  Gavin Wood claims to had been a video game developer several times.  If this was true, since video games always put their developers on the credits, there would be plentiful documentation to back up those claims and yet I could never find any...

Sounds like Gavin Wood was a complete hack, lies about his job history (possible years of unemployment?) and a failed academic.  He worked at a party company, which then went bankrupt, only to graduate into other party company called Ethereum where they blew through $18 million within a year.     

Joe Lubin (Goldman Sachs) at Ethereum has an interesting "background" too.

Even our beloved Vitalik, if you can objectionably look at things for a minute, was an editor and today he's a "prodigy programming genius" ? - I'm not buying it.

[JBC]

According to Ethereum communications officer, their eponymous product is the most popular among companies seeking to establish their blockchain apps for the next decade or so. The platform’s developers announced on the 22nd of July that they would be soon launching the full version of the popular not-for-profit product. And yesterday, the Ethereum team announced the public launch of the first version of the platform.

https://99bitcoins.com/ethereum-the-next-era-of-bitcoin-technology/

It will be interesting to see how legal authorities react to gambling apps being run on the ethereum network. Bitcoin has a lot of gambling but it's not being run on the actual blockchain. Seems like this will push the legal envelope further.

http://dapps.ethercasts.com/

This is a list of their apps.  As you mentioned many of them are gambling orientated; even the less obvious ones like Augur.  So building a network of gambling apps and conspiracy to commit securities fraud doesn't build a great case for Vitalik and friends.  Looks like more "Captains of Industry" will be joining Shrem.    

The problem I noticed with this list, when I looked at it more closely, was most of these apps and ideas have already been executed on other platforms like NXT, CounterParty, Et Cetera.  Ethereum is offering nothing new to crypto.  

[box0214]

tats a good point that i didn't consider...

$18 million dollars raised

most people use windows. why isn't there at least a windows client!?

$18 million dollars..... and its only on linux? -_-

whats the agenda i wonder...

[JBC]

tats a good point that i didn't consider...

$18 million dollars raised

most people use windows. why isn't there at least a windows client!?

$18 million dollars..... and its only on linux? -_-

whats the agenda i wonder...

They also released without a GUI.  Meaning you have to use command prompt.

Clearly this is pure incompetence or, as you alluded to, it is possibly an agenda.  Only the most technical savy and especially Ethereum insiders will know the commands to move their coins to the exchange and this means THEY ARE THE FIRST TO DUMP and/or it means such few Ethereum will be listed for sale and thus they can manipulate the prices upwards.

[box0214]

yea totally makes no sense why its only a command line wallet...

seriously.. $18 million dollars and not even a simple interface for the ability to send/recieve ether? or maybe they might get even more trolling if they released a gui...

But you really got to give it to them.. they do have the marketing down... maybe thats where most of the money went? hire ppl to hype it up.

ok here's an interesting question... Where can we see how they spent the money?

regardless, they have a noble goal. i'd have to give them credit for that.

[desired_username]

yea totally makes no sense why its only a command line wallet...

seriously.. $18 million dollars and not even a simple interface for the ability to send/recieve ether?

The funniest part is that spammers push it as an already working/perfect system.

The ethereum pump and dump will be spectacular.

Personally I'll try to mine some while the diff is low for a dump.

[wagabee london]

is it working people says that they are out of money and that it does not work yet does ethers have any value

[sofu]

ETH price will shit the bed when trading starts.

http://cointelegraph.com/news/115034/ethereum-launches-but-leaked-chat-says-project-needs-years-more

Don't expect a price boom. Thats not how cryptomarket works.

Be patient and wait for the bottom or better invest in NXT 

[mookid]

So how is the mining of this coin? current hashrate? some stats?

[rdnkjdi]

ETH price will shit the bed when trading starts.

http://cointelegraph.com/news/115034/ethereum-launches-but-leaked-chat-says-project-needs-years-more

Don't expect a price boom. Thats not how cryptomarket works.

Be patient and wait for the bottom or better invest in NXT  

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 ...

[mookid]

You are mostly right, but the problems that ethereum faces are so difficult to overcome without HUGE investments....

[mookid]

You are mostly right, but the problems that ethereum faces are so difficult to overcome without HUGE investments....

Or a few bitcoin programmers like the ones that bought a bunch of cheap bitcoins before building its infrastructure for free then sold their coins after they became millionaires.

Ethereum, rinse, repeat.

Satoshi did not have to do anything after mining the first million or so.  He just sat back on his island and watched everyone else do the development work for him.  He deserves to have everyone in the world working for him by developing and marketing $atoshiCoin.  Vitalik wouldn't have to do any more work either, he could just live off his ETHER.  Although he will continue to dev no doubt.

You are right, but the problems associate with Ethereum doesn't have anything to do with the devs. The problem is that to have Dapps who can function properly and better than traditional centralize apps requires so much things (faster worldwide internet, huge amounts of computing power). The Devs said it, Ethereum faces huge problems of scalability and perfomance...

[nutildah]

I'd like to see Ethereum actually do something. So far its been all talk.

[monsanto]

I'd like to see Ethereum actually do something. So far its been all talk.

For starters a wallet would be nice 

[BigSirko]

They needed an insider among Bitcoin to sell it and that is why Vitalik Buterin was selected: he was the editor of the magazine and he had all these crypto media connections.  Do you think Ethereum could had received its' $18 million without its' Bitcoin manchild?  Probably not.

It is a command line wallet.  The code is described as primitive and rushed out of the gate, likely due to the money woes they have.

http://cointelegraph.com/news/115034/ethereum-launches-but-leaked-chat-says-project-needs-years-more
"The emails also stated that most of the funding gathered from the Ether crowdsale is used up, and can only sustain the Ethereum development team for another seven months at best."


The other 2.0 projects, more developed than Ethereum, are otherwise immature as evident with all their Daaps focused on illegal gambling and various pyramid schemes.  Ethereum's daap list is no improvement, FYI.  There's no Bitcoin or Litecoin killer on the horizon.  Maybe I'll change my assessment by December but I'm skeptical.

[fartbags]

Ethereum is pretty amazing so far. I was programming with it in the test phase.

I agree Ethereum sucks today and will need years before it's anything useful. If you're just getting into crypto development, then I'd say go with Ethereum over bitcoin.

[NorrisK]

And what about the rumours of instamining on launch and paying certain people 3,000 - 300,000 ether for basically nothing? Or was that called as bullshit? 

[BigSirko]

And what about the rumours of instamining on launch and paying certain people 3,000 - 300,000 ether for basically nothing? Or was that called as bullshit? 

How was the 3,000 - 300,000 Ether ever "bullshit"?  The source came from an Ethereum developer himself.
https://www.reddit.com/r/ethereum/comments/3fdq0h/ethereums_security_expenditure_miner_reward_was/ctnvm7x

[rdnkjdi]

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.

[Denker]

I don't know. I may be wrong, and if so I would be fine with it.However I still have big doubts.Since ICO almost nothing had been released. Could be one of the biggest failures in altcoins.Let's see how this story continues.

[JonathanD]

yea totally makes no sense why its only a command line wallet...

seriously.. $18 million dollars and not even a simple interface for the ability to send/recieve ether?

The funniest part is that spammers push it as an already working/perfect system.

The ethereum pump and dump will be spectacular.

Personally I'll try to mine some while the diff is low for a dump.

The current version is clearly made for developers and not for endusers. No developer needs a graphical interface... so what is the problem?

[Alley]

This is a joke.  No update from devs.  No info on thaw.  Can't do anything with mined coins.  Still can't sell on a exchange.  Pathetic.

[johnty82]

This is a joke.  No update from devs.  No info on thaw.  Can't do anything with mined coins.  Still can't sell on a exchange.  Pathetic.

The devs said the thaw depends on how many miners update to the latest code. Each time an updated miner mines a block it speeds up the time to the thaw, but each time a miner who hasn't updated mines a block it slows down the time to the thaw. I expected trading to start this Monday at the latest, and it seems like a stupid system to leave the start of trading to an unspecific time in the future.

[thebenjamincode]

i've been hearing about ethereum for a very long time and i am wondering when will it be launched and used?
i haven't seen it listed on an exchange before

[johnty82]

i've been hearing about ethereum for a very long time and i am wondering when will it be launched and used?
i haven't seen it listed on an exchange before

There's a list of exchanges on reddit that will probably have Ethereum markets after the thaw. Some of those on the list already have markets with only bids, others only promise to have markets after the thaw. Nobody knows exactly when trading will start because the Ethereum devs invented a complicated way of doing it that depends on how fast miners update their software.

https://www.reddit.com/r/ethtrader/comments/3eqjxt/list_of_exchanges_that_will_support_ether_trading/


Crossposting from Ethereum reddit - if you know of more please add & I'll modify OP
[Confirmed] - Gatecoin (Supports pre-order book)
[Confirmed] - Kraken (Supports pre-order book)
[Confirmed] - Coinsquare.io (Supports pre-order book)
[Confirmed] - Poloniex (Post thaw)
[Confirmed] - Yunbi (Post thaw?)
[NonOfficial] - Cryptsy (Unofficial Mod statement. Post thaw.)
NonOfficial - [Bittrex] (Unofficial statement)

[hankman]

Cryptsy will probably have the most volume of any of those exchange.

when are transactions enabled?

[s1gs3gv]

Personally I like they way they are doing the thaw. Very pure.

What's the rush ? ETH is one coin for which I am going to take the long view.

[billotronic]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

seriously, +100000 to this. I've just spent the better part of two days trying to install and mine on linux and windoze and this software is HORRIBLE. 18mil and you can't even write much less organize coherent information? I'd laugh if it wasn't so damn sad.

[fartbags]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

seriously, +100000 to this. I've just spent the better part of two days trying to install and mine on linux and windoze and this software is HORRIBLE. 18mil and you can't even write much less organize coherent information? I'd laugh if it wasn't so damn sad.

It opens up a great opportunity for someone to relaunch Ethereum with more features.

[jonald_fyookball]

Also, Etherium is the stupidest name for an alt since boolberry.

Actually I think boolberry is clever and sounds kinda neat.
Ethereum sounds somehow stuffy and nerdy (not in a good way).

Names are important.  I think this name will hurt its chances.

[Fuserleer]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

seriously, +100000 to this. I've just spent the better part of two days trying to install and mine on linux and windoze and this software is HORRIBLE. 18mil and you can't even write much less organize coherent information? I'd laugh if it wasn't so damn sad.

guess that is what happens when you are driven by money and not perfection.

[billotronic]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

seriously, +100000 to this. I've just spent the better part of two days trying to install and mine on linux and windoze and this software is HORRIBLE. 18mil and you can't even write much less organize coherent information? I'd laugh if it wasn't so damn sad.

guess that is what happens when you are driven by money and not perfection.

ha i was wondering how long it would take to show up.

and yeah, to think there was any worry in your camp about it. . . so now would be a GREAT time to launch eMunie.

[Fuserleer]

If ethereum is such a great thing why are bitcoin forums full of shills spamming this shit?

With $18M funding they couldn't even fabricate a windows client...

seriously, +100000 to this. I've just spent the better part of two days trying to install and mine on linux and windoze and this software is HORRIBLE. 18mil and you can't even write much less organize coherent information? I'd laugh if it wasn't so damn sad.

guess that is what happens when you are driven by money and not perfection.

ha i was wondering how long it would take to show up.

and yeah, to think there was any worry in your camp about it. . . so now would be a GREAT time to launch eMunie.

well I'm pleased to report that the required level of perfection is now within grasp

and I was never worried...regardless of the tech, Ethereum's target demographic is different.

[PieceOfCake]

The no GUI thing is a silly argument. It took me, a non-developper regular Joe, less than 10 minutes to get it working in Windows - as far as being able to send/receive anyway. I'm pretty sure even an idiot could follow the very few instructions required.

For the idiots out there though, I'm sure someone will have a GUI out soon, don't worry your pretty little heads.  It is only the Frontier release of the software after all, read about it. Like it or hate it, this is a massive undertaking with impressive potential, not a copy and paste coin.

[monsanto]

The no GUI thing is a silly argument. It took me, a non-developper regular Joe, less than 10 minutes to get it working in Windows - as far as being able to send/receive anyway. I'm pretty sure even an idiot could follow the very few instructions required.

It's still in the thawing phase, what did you "send/receive"?

[benthach]

one word HYPE!
it will die out after the hype, just like aurora or paycoin. remember aurora and paycoin once worth almost $1billion dollar a piece? 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.
it will die down pretty fast, just see.

one more important word ADOPTION, ADOPTION, ADOPTION, ADOPTION, ADOPTION, ADOPTION. ethorieum = none or minimal
after the HYPE and dump, no one care.

[r0ach]

guess that is what happens when you are driven by money and not perfection.

I forgot emunie existed until I saw this post.

[spartacusrex]

As a coder who has been watching Ethereum from the off, one thing does spring to mind..

Feature Creep.

It's gone a long way from the original paper Vitalik announced all those moons ago.

There are multiple languages you can code in and compile to Ethereum byte code, Geth & Eth CLI interfaces, GO mods, The whole MIST thing, Whisper, Swarm and lots more things going on that even I have difficulty keeping abreast of.

I think most of this could have been added later. It is not protocol changes. I would have liked to have seen it up and running. But who knows, this incubation period may be the making of it.

It's a monster project now. A large, many headed hydra, and to anyone like me, who has come away from trying to code a simple app (not one of the demos - get the chatbot Elisa running..) and publish it, bruised and a little disorientated, I know exactly how you feel  Poor documentation too..

BUT, even so, it is an exciting project. And I await 'cool things' to happen..

Fingers crossed!

ps.. as for pissing away 18Mil in about 18 Months.. less said about that the better.. 

[box0214]

they didn't piss away the 18million.. they just paid themselves back.

its ingengious if you think about it and there are a bunch of threads leading to that exact conclusion once you piece it together.

- investors in the platform asking for large % return
- potentially insiders putting in their own btc and negotiating a high salary to get their funds back

First off, its a startup with absolutely NO end goal of making a profit except for increasing ether value from what I can see now. And how do you increase ether value?

Bingo! Really awesome marketing and hype!

you gotta give it to them... the marketing is good.

if only nxt had that... i think they'd take out litecoin in a week.

[Fuserleer]

guess that is what happens when you are driven by money and not perfection.

I forgot emunie existed until I saw this post.

I'm sure a lot of people have tbh, which is expected.

We took the decision to work under the radar so we wouldn't get distracted by all manner of stuff and could just focus on the project, getting every element of it spot on.

[fartbags]

How many Ethers in total?

Nobody knows. I don't think they have a block explorer yet. Is there a block explorer? I would love to look at it if it exists.

[monsanto]

How many Ethers in total?

Nobody knows. I don't think they have a block explorer yet. Is there a block explorer? I would love to look at it if it exists.

Here ya go:

https://etherchain.org/

[fartbags]

How many Ethers in total?

Nobody knows. I don't think they have a block explorer yet. Is there a block explorer? I would love to look at it if it exists.

Here ya go:

https://etherchain.org/

Thanks

That's a pretty nice block explorer. I don't see a total Ether count on it though. I wouldn't be able to tell you how much Ether there is.

[fartbags]

Does anyone know what the gas limit has to get to before transactions can happen? It's going up pretty fast right now. It went from 8,000 to 12,200 in just 900 blocks.

[monsanto]

Does anyone know what the gas limit has to get to before transactions can happen? It's going up pretty fast right now. It went from 8,000 to 12,200 in just 900 blocks.

I believe it's 21,000.  But that's just for a single transaction, I guess it'd have to be much higher to function normally and handle Dapps, etc.

[ThunderThomas]

Wow the price rise is NICE.

Let's hope they can keep it up. In a few months ETH will be worth over 10 dollar maybe. I will sell and buy a nice car.

[Alley]

Price rise?  Can't trade yet.  Unless you're referring to ethercoin scam?

[fartbags]

Does anyone know what the gas limit has to get to before transactions can happen? It's going up pretty fast right now. It went from 8,000 to 12,200 in just 900 blocks.

I believe it's 21,000.  But that's just for a single transaction, I guess it'd have to be much higher to function normally and handle Dapps, etc.

Up to 16,289 gas limit now.

We might see some exchanges working within 6 to 24 hours.

[BIT-Sharon]

Digital Currency like Bitcoin will bring powerful influences to organizations. The company which knows blockchain and bitcoins will be in the front of business transfer. For them, the key is to  synchronize with development but not keep away from them. Don't regard it as currency which is operated by criminals. On the contrary, we should accept it and apply it to your advantages. Digital currency will accepted as payment methods, which is agreed by lots of companies on internet. This is a new challenge for the industry. Traditional currency will disappear and bitcoin is legal foundation of digital economy.

[Marvell1]

here's another block explorer

https://explorer.etherapps.info/

I don't see why they just don't stay as POW, POS is so boring...

[monsanto]

here's another block explorer

https://explorer.etherapps.info/

I don't see why they just don't stay as POW, POS is so boring...

What's interesting is they have coded a "bomb" into Ethereum, so that the difficulty at some point (I think around a year from now?) starts increasing exponentially. Basically it's designed to force a change to POS or, I suppose if the POS system isn't developed in time, a fork.

[newrad]

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.

Due to ethereum being inflationary and unlimited, would you say this is a worthwhile investment? Such as BTC in 2009.

[Searing]

Has anyone on here managed to get the GPU mining of this to work in any form? Hell or CPU for that matter?

It seems from what I have (kinda sorta) poked around and looked that unless you have an old GPU milk crate rig with a few cards

and are willing to gamble some electric $$$ it is not worth doing with 1 GPU AMD card as is my case

refute? don't know? don't care? its a scam? pile on here I was just bored and thinking of firing it up just because but if it is as

I suspect all pre-sold and just gonna be a lame amount of whatever and then go to a POS coin why bother?

again not a slam I know zip ..just asking

[johnyj]

It's just too advanced for normal intelligence earth human, suit future generation human after another 100 years 

[harrymmmm]

First transactions just happened. Anyone wanna buy a tasty pizza or two?

[Searing]

It's just too advanced for normal intelligence earth human, suit future generation human after another 100 years 

what i figured

[harrymmmm]

First transactions just happened. Anyone wanna buy a tasty pizza or two?

Too late:
https://pay.reddit.com/r/ethtrader/comments/3g3bwr/first_ethereum_pizza/

[hankman]

Does Ethereum have a paper wallet generator?

[NextGenCrypto]

Can someone tell me what the command is to send 250 coins on a mac using geth or give me an example?  I'm freaking lost here.

[benthach]

Can someone tell me what the command is to send 250 coins on a mac using geth or give me an example?  I'm freaking lost here.

it would take einstein brain to use this useless crap and when they know how to use, the urge is already gone.

[s1gs3gv]

Can someone tell me what the command is to send 250 coins on a mac using geth or give me an example?  I'm freaking lost here.

https://github.com/ethereum/go-ethereum/wiki/Sending-ether

[KennyTheMartian]

How much is it when I send web3.toWei(5, "ether") , does that actually mean 5 ethereum or does it mean less than that?

[monsanto]

How much is it when I send web3.toWei(5, "ether") , does that actually mean 5 ethereum or does it mean less than that?

That's 5 ether. "Ethereum" is only used to refer to the overall network/blockchain as far as I know.

Here's the different Ethereum units (note: btc value is old one based on crowdsale):

[Coin.millionair]

Hey.

Could You Guys plz help a bit.
Lets say, im new to scryptocurrency (im not, but Ether:))


Could someone explain me ('step by step' is preferred):

How to get my ETH-s from a JSON file ?
How to send (deposit) them to an exchange ?

I've purchased some on presale a while ago and now im about to sell them... (i have ONLY a "json" file !)

Detailed "How to" is WELCOMED ! 

[Djinou94]

Hey.

Could You Guys plz help a bit.
Lets say, im new to scryptocurrency (im not, but Ether:))


Could someone explain me ('step by step' is preferred):

How to get my ETH-s from a JSON file ?
How to send (deposit) them to an exchange ?

I've purchased some on presale a while ago and now im about to sell them... (i have ONLY a "json" file !)

Detailed "How to" is WELCOMED ! 

Go to Kraken and load your json file into the kraken/ether page and enter your password that's all it's easy

[TwinWinNerD]

Friendly reminder:

you can buy ETH instantly on https://www.coinimal.com with NETELLER and € Bank Account

[The KGB]

How many Ethers in total?

Nobody knows. I don't think they have a block explorer yet. Is there a block explorer? I would love to look at it if it exists.

Here ya go:

https://etherchain.org/

Thanks


That's a pretty nice block explorer. I don't see a total Ether count on it though. I wouldn't be able to tell you how much Ether there is.

 https://www.clinmarketcap.com

[Coin.millionair]

Available Supply    Total Supply
60,533,421 ETH    72,434,905 ETH

http://coinmarketcap.com/currencies/ethereum/

[HCLivess]

Available Supply    Total Supply
60,533,421 ETH    72,434,905 ETH

http://coinmarketcap.com/currencies/ethereum/

it almost tries to install this thought in your head that they "allow mining"
right, mining of 16.431% of the coins

Aurora at least allowed mining of 50%

You need to divide the mining costs by 6.25 to get the real mining cost

$1.5/6.25

the real price of 1 ether right now is $0.13-$0.24

[Searing]

Available Supply    Total Supply
60,533,421 ETH    72,434,905 ETH

http://coinmarketcap.com/currencies/ethereum/

it almost tries to install this thought in your head that they "allow mining"
right, mining of 16.431% of the coins

Aurora at least allowed mining of 50%

You need to divide the mining costs by 6.25 to get the real mining cost

$1.5/6.25

the real price of 1 ether right now is $0.13-$0.24

anyone get mining to work ..i have a 1 card amd gpu in a tower doing nothing.....even with the above unclear if it is worth doing
not sure what their difficulty is etc

anyway others dorking with this for the heck of it or considering it like me?

(unused computers are the devil's playground)