General Opinion on Ethereum

[shanem]

Now I am waiting for Augur to be out to see how it will turn out for Ethereum (ETH). People are raving about this coin when the price is rising. I still remember the doom and gloom when ETH keeps dropping since its ICO last year.

[benthach]

What's the general opinion of all posters on Ethereum. Worth a punt?

it's a get rich quick scam coin which is manipulating and hype by whales on poloniex, nothing more to it. usability and adoption is none existent, their mist wallet is still a 20th century tech. also, seen the coding is stuck the team is threats they have no more money.

[Red-Apple]

ETH is good but it is 80% hype and 20% real potential

[stoat]

Don't listen to these haters ^ they probably invested in monero or litecoin like the basic bitches they are.

Ethereum is the next evolution of blockchain technology.

That's why the price is rising, people are slowly beginning to see the facts and drop shitcoins and buy ethereum.

[BellaBitBit]

ETH is interesting and has capabilities others do not.  I try to give every altcoin the benefit of the doubt because at the end of the day it is all innovation and we need that right now.

[ArticMine]

The real test for Ethereum will come when the funds from the initial IPO/ICO run out. At this time Ethereum ranks 10 in Developer behind many coins funded by community based Free Libre Open Source Software methods. https://www.coingecko.com/en?sort_by=developer_score. Please do not get me wrong the technology is extremely innovative, but the real risk here is that someone may pull a "Litecoin" or a "Monero" by creating a community based FLOSS fork leaving the investors high and dry.

By the way I find it really interesting that Vitalik Buterin is an advisor for z.cash and will be receiving part of the emission of z.cash for his services. https://z.cash/team.html. This brings me to my next point. Can someone explain to me why one cannot build the anonymous zerocoin part of z.cash on top of Ethereum?

[Blawpaw]

Ethereum introduced a whole new concept on how to use blockchains. I think it's a great project with bright future ahead.

[stoat]

The real test for Ethereum will come when the funds from the initial IPO/ICO run out. At this time Ethereum ranks 10 in Developer behind many coins funded by community based Free Libre Open Source Software methods. https://www.coingecko.com/en?sort_by=developer_score. Please do not get me wrong the technology is extremely innovative, but the real risk here is that someone may pull a "Litecoin" or a "Monero" by creating a community based FLOSS fork leaving the investors high and dry.

By the way I find it really interesting that Vitalik Buterin is an advisor for z.cash and will be receiving part of the emission of z.cash for his services. https://z.cash/team.html. This brings me to my next point. Can someone explain to me why one cannot build the anonymous zerocoin part of z.cash on top of Ethereum?

According to that metric, ripple and dash are better than ethereum so I can safely say that can be disregarded as innacurate.

Ethereum developer community should include all the developers working on other startups which are building on ethereum.


Also, ethereum has the highest number of real world physical meetups after bitcoin which is a far better metric of developer support.

Vitalik is an advisor for Z cash, which he is free to do. And hopefully his role will allow him to draw knowlege from the development process of Z cash which can then be applied to Ethereum.

[commandrix]

I think Ethereum is still kind of on Version 1.0, could be improved, but it seems like some startups are already (trying to) build applications around it. Ethereum and the Ripple version are both worth keeping an eye on, anyhow.

[cryptohunter2]

Some highly knowledgeable people on here say it is flawed.

The thing is unless you're a high level programmer/cryptographer it's hard to know what's actually what..


I think best to have a small amount of ETH but not the BTC killer some are touting it as. I wouldn't buy at this price. $1 max

[ArticMine]

...

According to that metric, ripple and dash are better than ethereum so I can safely say that can be disregarded as innacurate.

Ethereum developer community should include all the developers working on other startups which are building on ethereum.


Also, ethereum has the highest number of real world physical meetups after bitcoin which is a far better metric of developer support.

Vitalik is an advisor for Z cash, which he is free to do. And hopefully his role will allow him to draw knowlege from the development process of Z cash which can then be applied to Ethereum.

Ripple and Dash are better than Ethereum is what sense?  In that they have better technology: No. In that they have a much more sustainable method to fund development: Yes.

I am not a fan at all of proprietary (ICO/IPO/premine etc) funding methods that tap the emission for development funding at all. For starters they leave the crypto currency wide open to regulatory non compliance as happened with Ripple and FinCEN. Nevertheless Dash's masternode voting development funding method, as flawed as it is, is way ahead of Ethereum's one time spinning diamonds approach to funding development. In the case of Dash the funding method is at least sustainable over a significant period of time while Ethereum's is not.  Furthermore there is nowhere even close to the massive corporate overhead in Dash as there is in Ethereum,  This shows in the CoinGrecko Developer rankings.

The only viable long term funding methods for crypto currency are Free Libre Open Source Software development methods that are based on a combination of in kind and monetary donations to software development. Monero is a very good example of what I mean.

[TPTB_need_war]

[...]Furthermore there is nowhere even close to the massive corporate overhead in Dash as there is in Ethereum,  This shows in the CoinGrecko Developer rankings.

Thanks. I see only the number of closed issues is much higher for Ethereum. Are you referring to something else?

The only viable long term funding methods for crypto currency are Free Libre Open Source Software development methods that are based on a combination of in kind and monetary donations to software development.

Be careful with that assumption. Even open source requires a utility in a market to sustain interest. There are other potential funding models similar to the ones Eric Raymond enumerated.

[shyliar]

Depends if your talking about the Ethereum the platform or the Ethereum being sold on various exchanges.

Ethereum the platform may be of use sometime in the future if they get it right.

One of the features of Ethereum the platform is the capacity for anyone to make an altcoin (or token as some call it) with various configurable parameters. The Ethereum currently being traded was  a unique method of creating startup capital by the developers instead of utilizing historical IPO offerings (a better method because they continue to own the company). As such it's nothing more than another coin; but, will have an interesting background if someday the platform accomplishes anything.

If you're interested in purchasing Ethereum you need to separate the information about the potential of the platform from the altcoin called Ethereum which is essentially nothing new. Buying Ethereum the altcoin is not like buying into the company that owns and is developing the platform. Essentially you're just buying the coin.

There are many statements in the Altcoin Discussion subforum that do not separate the platform from the coin. The reason for this maybe ignorance or simply a desire to pump value. Likely in the future we can expect more new coins created by the platform to be marketed with the usual pump and dump cycle.

[stoat]

Currently ETH is the only currency used to pay transaction fees in ethereum.  So its value IS linked to ethereum.

It will also be the only coin used for staking when POS starts which makes it integral to the ethereum platform.

[BTCLovingDude]

i like the whole concept of Ethereum but the way its price is shaping up is not my favorite.

besides all the shills and spamming is not helping it either.

[silversmith]

In my opinion these two things are inevitable:

1. Bitcointalk.org will be renamed Ethereum-talk.org
2. The Bitcoin Forum will be moved into the Altcoin Discussion forum.

[varusisog]

In my opinion these two things are inevitable:

1. [Suspicious link removed]
2. The Bitcoin Forum will be moved into the Altcoin Discussion forum.

There are still more talks about Bitcoin in this forum. When the price of Ethereum drops from the peak, there will less talk about Ethereum.

[stoat]

Ethereum is ten times better than any coin out.  And the price is slowly catching up to reality. 

Dump your shitcoins before it's too late

[pimpjuice]

Sell your eth for btc before everyone else does (talking out of my ass).  Obvious pump and dump though and I think it's running out. Poloniex getting 80% volume for most of the pump seemed like a pretty obvious indicator. Reminds me of the LTC pump and dump last year.  I predict Eth returns to 2$ within the next few days

[pippo]

Ethereum is ten times better than any coin out.  And the price is slowly catching up to reality. 

Dump your shitcoins before it's too late

satoshi (nick szabo) is doing that!!!