Ethereum, the next era of bitcoin technology

[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.