Ethereum, the next era of bitcoin technology

[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