Wall Observer/Research A free service brought to you by the Blazin8888Posting guide lines:Please lets keep this thread clean.Do not post random comments on this thread regarding other coins, unless it is directly related to ETH and not FUD. Feel free to post all your speculation and analysis of Ethereum and its price movement here. We can all use this thread to collaborate and brainstorm as well. Below you will find some of my thoughts + research I have done. I will constantly update this OP with new fresh links and updated info as I go along this journey with you all. My goal is to bring you as much information and knowledge as I can. THOUGHTS:I believe we are in the most historic time in crypto since the inception of Bitcoin itself. Now is the time people are accumulating ETH. I suspect that this post will be read hundreds of thousands of times over. This is the coin that will bring BTC and the entire crypto economy of ALTS to light. That could be why we are seeing this pump, people high up in MSFT and others super late to bitcoin, but with Ethereum they can inject themselves in from the start and help shape it. MSFT devs etc...all speculation I know but... I would not be surprised if they just started funding Eth dev directly by buying eth. Ethereum is much more software like than bitcoin i.e with smartcontracts and DAPPS not just a glorified ledger like Bitcoin. ETH is going to play on all the other strengths that BTC could have brought to the table but simply can not handle...it just gave us the blueprint for it. What does this mean for BTC? I think it will further empower bitcoin and make it even more widely adopted. BTC wills serve as digital gold because it was the first. Ether will truly be a "digital fuel". Microsoft has its sights held up high and do not forget how fiercely powerful this company is. It was fought and shot down in the 1990s for its monopoly practices and took a hit. Microsoft is coming back with a force. Do not forget they were the first ones around. Before Apple and Google. Bill Gates knew his company was going to rise to the top eventually. Sataya Nadella is poised to change the world and hes the perfect person for the job. When you come from nothing like him...from a place like india....it gives you a different perspective on the world. His goal is truly to empower each and everyone of us because he truly believes technology can save/change the world for the better. Most of us here working on crypto believe crypto has the same implications for the world. Microsoft sees this potential to help the underbanked and so on. The time is now my friends. Ive been furiously mining Eth with around 1GH/S of hash rate for a few months and buying on the dips. From this point on i think ill stop selling what I mine and also buy more eth weekly on the dips. I could see this popping to $10/eth some time next year don't want to miss that boat. What scares me more is we dont even have a killer app yet.If Augur or one of those other etheruem based projects blows up we could be kicking ourselvs next year for not loading up. Not a pumper myself , but i missed the early BTC boat, missed the LTC boat I'll be dammed if i miss another. Worst comes to worst i break even and sell my hardware. I have found some other videos regarding Microsofts future vision for their Azure platform and this all seems like a line written in the sand. Its clear guys...the time for Crypto to shine is now and MSFT is going to take it there. This is the best news to happen to the world since Bitcoin was created itself. This further empowers Bitcoin in so many ways. I'm calling this floor right now.
RESEARCH:http://techcrunch.com/2015/10/28/microsoft-partners-with-consensys-to-use-ethereum-to-provide-blockchain-as-a-service/
http://blogs.wsj.com/moneybeat/2015/10/28/bitbeat-microsoft-to-offer-ethereum-based-services-on-azure/
https://blog.ethereum.org/2015/10/28/microsoft-to-sponsor-ethereums-devcon1-2/
Check out this interesting MICROSOFT DOCUMENTARY: https://youtu.be/6EGudaWlpHgHere is an interview from Bill Gates on his outlook for the next 15 years: https://youtu.be/8RETFyDKcw0
One of the best speeches on the power of the cloud made by CEO of Microsoft Sataya Nadella: https://youtu.be/4LHwdx53PYEInteresting speech by CEO of Microsoft made in India ...to a bunch of IT students: https://youtu.be/hw00mtT9cLg "
Rich cloud infrastructure" "
In fact the way I decscribe it is, every device creates this exchaust of data, and the cloud and the power in the cloud can converge that into the fuel...and the intelligence that empowers every one of your experiences". - MICROSOFT AZURE. (quote starts at 5:19)
Another interesting interview made last month (get to know Microsoft and their future vision further): https://www.youtube.com/watch?v=8BourVzXU5o (starts talking about power of AZURE at 7:00)
Paris Microsoft Enterprise group meeting: https://www.youtube.com/watch?v=LQ8Hiss2EkE - shot back before Sataya was CEO -- Satya was responsible for building and running Microsoft's computing platforms, developer tools and cloud services. He and his team deliver the "Cloud OS." and was Rumored to be on the short list for CEO at this time, he shares his views on the future.
MICROSOFT AZURE CLOUD VIDEOS: 1.https://www.youtube.com/watch?v=ZNgvZE0MLeo 2.https://youtu.be/JJ44hEr5DFEAZURE ARTICLES AND MORE INFO: 1. https://azure.microsoft.com/en-us/case-studies/ 2. http://news.microsoft.com/cloud/index.htmlHow exactly Ether will be used on the Ethereum platform: lets peek under the covers...in order to power the decentralised web, Ethereum cannot possibly rely on any centralised authority (because that authority could manipulate the database). Instead, every node that participates on the network holds a copy of a decentralised database, which they audit.
The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivised to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds.
Contracts are triggered and executed when users or other contracts call them.
If you were thinking that this necessary approach presents limits in terms of processing speed, you’d be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you’re not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. There are of course workarounds to this, including our upcoming storage solution called Swarm and our secure messaging protocol, Whisper, both companion technologies to Ethereum.
It also means that because computing power is limited, it has to be measured carefully so that no single actor can commit evil deeds such as running infinite loops on all the world’s Ethereum nodes. This unit of measure is called ‘gas’.
Gas comes into play when you try to make a contract do something. You ‘call’ a function of the contract, which then executes the code in that function. It could be validating an escrow, or ‘like’ a friend on a decentralised social app, or transfer an amount of contract-specific token to another user, etc. Anything.
In order to execute this function, the contract will need gas, just like your car does. So, as part of the function call, you specify how much ‘gas’ you want to send to the contract, and how much you’re willing to pay for that gas (priced in ether, Ethereum’s fuel and unit of account).
The different operations a contract can support are priced differently. One execution cycle cost one gas for example. Others, like writing to storage, cost considerably more (because storage is a very scarce resource).
If you send too much gas to the contract, and it doesn’t use all of it, it is refunded to you. If you send too little, the contract stops and rolls back (just like your car when it’s ‘out of gas’).
How gas is priced depends on the global consensus of the community. It’s therefore likely operations that have the best-priced gas will be executed first on the network, and the rest a bit later.
With that said...I could see the resting price sitting at $5-10 USD in the near future. Not much higher as the only reason it could go that high is speculators holding ETH or companies like Microsoft and independent developers hording ETH for their DAPP development projects. After reading all this and watching these videos, what do you think lies ahead for the future price of 1 Ether?
You decide.
