Smart city build in China in Hangzhou

[mining1]

To be noted this is not a self moderated topic so i will not create threads and delete posts, unlike @Lauda does.

Remember the guys who bought 500k eth early in ethereum's life ? They will use it to build a smart city, and they have 30 billion usd for development. https://bitcoinmagazine.com/articles/chinas-blockchain-invasion/

Thoughts ?

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[Ayers]

what is a smart city? 500k etheruem are only 20 million usd, can you build a city or whatever is this smart city? if by smart city you mean a market on the web i guess it's possible but if you mean a mini town i think no, not enough money

[mining1]

Ether will be spent to buy gas on ethereum platform  for dapps / smart contracts that will be implemented, not to raise building blocks lol. They have 30billion usd for that.

To understand the kind of application that can be build and implemented in the city, take this reddit post as an example https://www.reddit.com/r/ethereum/comments/68n6lq/charged_a_bmw_i3_at_a_blockchainified_sharecharge/

[benthach]

they will abandoned ethereum soon just like ibm abandoned ethereum, r3 abandoned ethereum, jpmorgan abandoned ethereum. with this kind of track record look like ethereum paid these companies to hype for them? everyone now just hype ethereum so they can dump at higher price. when they sold out they would just abandoned useless ethereum.
this ethereum smart contracts can be done with just simple java.

[mining1]

You recognise a stupid person when they tell you that ethereum foundation, a non profit organisation made of 20 to 40 year old geeks is paying giants like Microsoft, intel, jpmorgan and hundreds more corporations to hype them.

R3  is not abandoning ethereum because it is not with ethereum in the first place as far as i know. In fact corporations are leaving R3 to join Ethereum Enterprise Alliance, like jpmorgan did. And jpmorgan actually develops stuff on ethereum, they even uploaded on github.

this ethereum smart contracts can be done with just simple java.

Tell that to Brendan Eich, the inventor of javascript. He will hold an ICO on ethereum to build his thing because it is best suited on a platform like ethereum.

I thought you woke up and wrote something constructive, so i unignored to see what you wrote, back to my ignore list, won't unignore again.

[benthach]

You recognise a stupid person when they tell you that ethereum foundation, a non profit organisation made of 20 to 40 year old geeks is paying giants like Microsoft, intel, jpmorgan and hundreds more corporations to hype them.

R3  is not abandoning ethereum because it is not with ethereum in the first place as far as i know. In fact corporations are leaving R3 to join Ethereum Enterprise Alliance, like jpmorgan did. And jpmorgan actually develops stuff on ethereum, they even uploaded on github.

this ethereum smart contracts can be done with just simple java.

Tell that to Brendan Eich, the inventor of javascript. He will hold an ICO on ethereum to build his thing because it is best suited on a platform like ethereum.

I thought you woke up and wrote something constructive, so i unignored to see what you wrote, back to my ignore list, won't unignore again.

yes, non profit organization with these 20 to 40 year old geeks whose secretly paying another geeks working for giant corporations to take the etherum idea and work on it, instant ethereum transfer to geeks address working for big corporation without anyone knowing it. etheruem team is a well known bribery crooks, included bribe coindesk of hype articles. the rate of big corporations abandoned ethereum project is much much higher now than hype taking in.
this Ethereum Enterprise Alliance soon will be dissolved just like the state of R3 being dissolving right now.
i said java, not javascript, two different language. probably this Brendan Eich guy looking to be instant millionaire, the hype is on, free money for him for staying under basement for so long.

[SpectivVR]

There are actually a lot of people working on building smart cities, and smart ecosystems that testing cryptos as the main currency. It is really pretty cool, we are working a couple people who are on the forefront of this smart city movement. Big things are happening in the space.

[stomachgrowls]

To be noted this is not a self moderated topic so i will not create threads and delete posts, unlike @Lauda does.

Remember the guys who bought 500k eth early in ethereum's life ? They will use it to build a smart city, and they have 30 billion usd for development. https://bitcoinmagazine.com/articles/chinas-blockchain-invasion/

Thoughts ?

You do really like Lauda. 

Back to topic, whats actually a smart city? Basing on the amount of ETH it just 20 millions USD when already converted just like what others said here and considering on that amount you cant create a city with just on that amount.There are lots of components to be built for a certain place to be considered as city and imagining that amount wont really be enough.Whats on the mind of those people?

[mining1]

@stomachgrowls, for the city itself they have 30 billion USD funding. The 500k ether is for dapps / smart contracts on which the city will run on. Every system that can be improved with a blockchain will use it as "default" on the ethereum public chain, the reason they bought the 500k ether in the first place.

The advantage is that, with a city build from scratch, they will not have to replace older systems. Do you know that the Dubai guys estimated that implementing blockchain would save 25million man hours on a year ?
https://www.reddit.com/r/ethtrader/comments/6973vf/dubai_estimates_it_will_save_25_million_man_hours/

The downside of this, as with every technological advancement is, people will lose their jobs. Yes, ethereum is revolutionary. But ethereum will be the cause of tens of millions of jobs simply deleted around the globe in the next 10 years.

Vitalik will be seen as a modern day Jesus for the technological advancement, but also the cause of removing a part of middle and low class, unfortunately.