Do ETH investors understand Ethereum?

[cryptohunter]

[excellent post]

So true.

The best you can do is observe when experts debate, e.g. smooth and I, or gmaxwell and I. Then form a judgement based on that interaction.

No expert has debated me on Ethereum's technology. Everyone ran away and hid, or implicitly agreed. So that should be an indication to you, that I am very likely correct on my technological analysis of Ethereum.

Note I would not claim to be an expert on some aspects, such as the math of elliptic curve cryptography. Neither is smooth.

Yes, I kept hoping that one of the eth core developers or vb would come and have open discussion with you. However to me at my basic level of understanding in this field your view seems to hold merit in that it seemed to be make logical sense (based on the steps i went through in your laymans explanation) and what held more weight to me (because at a basic level things can seem to make sense that are not essentially correct ) that nobody really seemed to offer (at a level I could understand anway) an alternative explanation or try to refute your claims in anyway.


I find most discussions on forums very interesting from a psy angle too. Especially those where minds that do not often encounter minds of similar capabilities in their day to day life. More so when they have different or opposing opinions based upon either a correct or incorrect evaluation of the data they're discussing. Because it is in public and because they are so accustomed to either not being wrong (else others generally have no idea if they are right or wrong) when it does happen ....it is interesting to see how they deal with this.


Ethereum is just but one project so I don't care to spend too much of my time (because i freely admit that although i do love the idea of a truly decentralised currency and find all techno stuff quite fascinating and interesting especially at a laymans level ...right now my primary motive is making enough money to retire from "work" and live a very basic/economic life doing things I enjoy) focusing on how I missed the boat on that. It is interesting how they can do so many things with it for sure. However, if that comes at the price of it being so large and expensive to operate that it is not really a viable then I suspect my small investment pot could provide greater opportunity with regard short term returns somewhere else. Although will leave a small amount of coins there as I do with most of these projects.

The stakes are certainly rising though in the alt world. I remember when a coin was judged on the quality of it's logo in its ANN thread. Then we moved to the next level where a coin had it's own poker room. Now we have coins that will apparently form a global computer and that MS and Banks want to use. Ones that will be a decentralised (to a degree) version of facebook all kinds of claims/possibilities. Things certainly moved up a notch in the last year. It's all quite exciting really and it always starts on this board.

[nickenburg]

It is true that Ethereum is hard to understand, Just because it is not only a cryptocurrency.

But they are talking about totally new things, like Smart Contracts, Dapps And A blockchain where you can create your own currency, and Applications.
I must say I also don't know everything about about Ethereum there is to know, I didn't blindly invest tho.

I just watched a few video's about Ethereum and also read a few articles.
And finally this video explained a lot for me:

https://www.youtube.com/watch?v=0X33lgMbvdI

But still I don't understand everything about ethereum, simple because I am not a Programmer.
But I do however see that this could be something great and it is no Joke!

[TPTB_need_war]

But still I don't understand everything about ethereum, simple because I am not a Programmer.
But I do however see that this could be something great and it is no Joke!

If you were a senior level programmer, you would understand it can't be something great. You should review my posts in the Ethereum Paradox thread which have not been refuted by any one. Zero rebuttals.

The difference between hype and success, is like the difference between Microsoft Tablet and the Apple iPhone. Microsoft didn't understand a damn thing about how to do it. Apple did. The reasons are in the technological and market design DETAILS. If you don't understand the DETAILS, then you don't understand. Microsoft had been trying for years to produce a touch screen device. And they are still trying and failing horribly with Windows Phone.

Btw, Ethereum's Casper engineer Greg Meredith hails from Microsoft Research. The other on the Casper design team are kids with no proven experience whatsoever.

And I am software engineer with million user products under my belt. And yet you think I am bullshitting. Sigh.

[Minecache]

But still I don't understand everything about ethereum, simple because I am not a Programmer.
But I do however see that this could be something great and it is no Joke!

If you were a senior level programmer, you would understand it can't be something great. You should review my posts in the Ethereum Paradox thread which have not been refuted by any one. Zero rebuttals.

The difference between hype and success, is like the difference between Microsoft Tablet and the Apple iPhone. Microsoft didn't understand a damn thing about how to do it. Apple did. The reasons are in the technological and market design DETAILS. If you don't understand the DETAILS, then you don't understand. Microsoft had been trying for years to produce a touch screen device. And they are still trying and failing horribly with Windows Phone.

Btw, Ethereum's Casper engineer Greg Meredith hails from Microsoft Research. The other on the Casper design team are kids with no proven experience whatsoever.

And I am software engineer with million user products under my belt. And yet you think I am bullshitting. Sigh.

You should be banned again for repeatedly spamming your own nonsense thread. If people want to read your wall of FUD they will but stop spamming every other thread.

[TPTB_need_war]

You should be banned again for repeatedly spamming your own nonsense thread. If people want to read your wall of FUD they will but stop spamming every other thread.

Commenting factually is not spamming. You are spamming, by making posts which add no information.

How much are you paid to pump ETH? Don't lie.

[cryptohunter]

With ethereum - be very careful. I have seen a number of times now these unstoppable best thing since sliced bread coins/tokens reduced to crumbs.

Please tell us which ones are comparable to ethereum.

In the past coins have been the best new thing and unstoppable (held in huge favour my many of the board) and are now a fraction of their former selves.

This is not essentially a comparison based upon their technology or underlying code.

By some this code (etherium) has been brought into question. Although that question has not been raised by the many. It has been raised by the few. Those few being some of the experts in this field. That is a question in the long term that will need to be answered.

If you're asking or interested in investments. Then I feel there is no advice one should give or take in crypto there are simply too many factors involved to pick out any kind of system at all. Since most don't understand the tech and are investing in things they have no idea about ...we tend to act like a herd. So momentum trading seems to work but as with anything it's more luck than judgement. There are some master manipulators here and they are without doubt making a fortune. Some are ruthless whilst appearing cordial or even pleasant but you can spot them if you pay enough attention.

You can view the funds some are losing as investment into crypto I guess since scams have to be more and more techno elaborate now to attract attention and this is raising the bar and pushing the tech forward. People are gaining small knowledge too now so not so easily parted from their btc.

If eth can pull off what it says then I will be happy because I like the idea over all(from what i can understand) of what at a user level it can deliver . I will also be rich in USD terms because I have a little bit of it. However, yes I do have doubts now if what they want to achieve is actually possible. I don't mean doubts where they can tweak here and there and fix. I mean doubts like it is a house build upon bad ground .This house may look okay until i have a party and it falls over. If it is bad ground then in crypto I fear it's not like I can just fill with concrete and fix the problem... It may be cheaper and better to start building an entirely new house else where.

Only time will tell now I guess.

 

[TPTB_need_war]

Nobody knows how to scale a block chain decentralized. Iota neither.

That is the issue that isn't solved and Ethereum sharding direction will never work because it is fundamentally mathematically impossible to make it work.

I have an idea of how to scale a block chain with decentralized control.

On top of that, scripting can break the security of the block chain by opening new income for 51% attackers. So it is another step to solve after solving the scaling problem.

None of these 2.0 clones are any where near to those solutions. Ethereum is flying off in the wrong direction, which is perfect for me. I hope they continue with Casper. The smartest thing I could for my coin is to shut up so no one tries to go review my past descriptions and figure out how to do it.

[myxamop]

You should be banned again for repeatedly spamming your own nonsense thread. If people want to read your wall of FUD they will but stop spamming every other thread.

Commenting factually is not spamming. You are spamming, by making posts which add no information.

How much are you paid to pump ETH? Don't lie.

No one cares about your ether butthurt everywhere. People who understand the potential of Ethereum will be investing. Your FUD is targeted on noobs and fools, good luck and try harder.

[TPTB_need_war]

Your FUD is targeted on noobs and fools, good luck and try harder.

I have challenged Vitalik twice and he hasn't replied. All the experts here have access to my posts and can refute me, and they haven't.

Your post was completely devoid of any informational value. You've refuted none of my technical posts. Zero. Zilch. You are completely silent.

[robelneo]

There a lot of noise about Ethereum and so I done a little research and I find this site it's very informative it's a newbie guide but I guess everything I want to know about Ethereum that I need to know fast are all here please check it out

http://www.ethereum-101.com/

[mrcashking]

People don't need to have the high level knowledge to play with Ethereum and i don't think more than 5% bitcoin users have its full knowledge & some dont even know anything more than just to send or receive it.They might simple diversify their money or assets.

And I am software engineer with million user products under my belt. And yet you think I am bullshitting. Sigh.

Mr. Software engineer i believe your dictionary needs an update.
https://www.microsoft.com/surface/en-us

[TPTB_need_war]

https://www.microsoft.com/surface/en-us

Another failure that followed Tablet.

[TPTB_need_war]

There a lot of noise about Ethereum and so I done a little research and I find this site it's very informative it's a newbie guide but I guess everything I want to know about Ethereum that I need to know fast are all here please check it out

http://www.ethereum-101.com/

That is hype. Not truth. Read my posts in the Ethereum Paradox thread if you want to understand the truth. It requires understanding the details.

If all you want is a good fairytale, then read the link you quoted.

[target]

i doubt ETH will find is use though. I don't see any gambling site allows ETH to be deposited. But i hope they really made it even if it will just have about cents on its value.
if it can't find its use, they may never grow anymore but end up just like the rest of the shitcoin.

[Minecache]

Your FUD is targeted on noobs and fools, good luck and try harder.

I have challenged Vitalik twice and he hasn't replied. All the experts here have access to my posts and can refute me, and they haven't.

Your post was completely devoid of any informational value. You've refuted none of my technical posts. Zero. Zilch. You are completely silent.

Personally I'm glad Vitalik hasn't responded to you. He has more important things to do with his time than replay to butt hurt nut jobs who are bitter they missed the ether train.

[TPTB_need_war]

Your FUD is targeted on noobs and fools, good luck and try harder.

I have challenged Vitalik twice and he hasn't replied. All the experts here have access to my posts and can refute me, and they haven't.

Your post was completely devoid of any informational value. You've refuted none of my technical posts. Zero. Zilch. You are completely silent.

Personally I'm glad Vitalik hasn't responded to you. He has more important things to do with his time than replay to butt hurt nut jobs who are bitter they missed the ether train.

The typical excuse a pumper makes when is unable to refute any of the facts stated by me.

[Spoetnik]

@OP
I doubt it because they always defend ETH by telling me over & over about "potential app's"
and repeating that it's not considered a currency.

Also the convoluted nature of it is a determent to global world adoption.
It will forever be pigeon-holed to the advanced crypto-nerds who get into the tech seriously deep.
If it can't be explained fairly easily it will never get main stream adoption.
Bitcoin itself is hard enough to explain to users as it is.

Also i love the game the ETH guys played with it too.
It was launched in 2014 with some short lived fanfare.. they seen the backlash and Failure response from us all
and they could see it was not going to be received well.
So they put it on the back burner and waited (think StartCoin + Max's crew etc) <-- looming next maybe
Then they waited until the scene was sufficiently corrupt and greedy
enough to care about a gimmicky scammy launched IPO App'z coin with big promises.
I still NOW.. years later get told it's benefit is "potential" app's (in other words not even app's that exist on launch)
What in the fuck do i give two shits about potential "App's" with a currency for anyway ?
But anyway in case you missed my point what i got a kick out of was the old classic Shitcoin routine here..
and that is ?
Launch a "potential" turd for millions of YOUR dollars collected in BTC. (in exchange of worthless IPO tokens + promises)
It's perfect because since it has nothing going for it on Launch no one will ever pay attention to the Launch.
The masses will simply see it as coin #7,001 and ignore it.. because it was launched as a SHELL
a hollow shell that will be filled later by coded features one day.
Then in YEARS time all kinds of things have been tacked onto it etc to make it look *more* valuable
then finally years later the pace picks up and peoples start investing..
And of course the smoke clears from a scam launch.. dipshits see the coin listed on Exchanges
and assume if it's list then it's ok to use / trade etc.
It's funny because ETH sure as hell ain't the only one who pull this shit scam routine.. cough cough BlockNET ? ROFL

The low hanging fruit is dragging on the ground around here  

[sinner]

@OP

If it can't be explained fairly easily it will never get main stream adoption.
Bitcoin itself is hard enough to explain to users as it is.

actually it can--Ethereum is a blockchain with a programming language.  It's basically a generalized version of the altcoin NXT.

the ethereum devs will almost never describe it that simply.  instead they will sell you on pie-in-the-sky ideas.  while most aspects of the ethereum vision are still vaporware (and some are actually impossible to implement--see TPTB's posts), they've been paying money to a marketing team to pump the hell out of this thing.

[TPTB_need_war]

@OP

If it can't be explained fairly easily it will never get main stream adoption.
Bitcoin itself is hard enough to explain to users as it is.

actually it can--Ethereum is a blockchain with a programming language.  It's basically a generalized version of the altcoin NXT.

Bitcoin has a programming language too. The explanation is actually more complicated.

[sinner]

Bitcoin has a programming language too. The explanation is actually more complicated.

yes, but it's much simpler for security purposes, right?

How would you explain ethereum in a few sentences or elevator pitch?