Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing

[instacalm]

Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

Thank you for your competent input.

Are they stakeholders in this projekt?
When yes, how can i be a stakeholder?  

go ahead and do a Purzelbaum, or just wait until one can invest in its IPO

[1714628122]

1714628122

[superresistant]

The believe that PoW is fair compared to PoS is just plain wrong.

It is exactly the same : the people that have more money can afford a bigger mining rig and get more coin. Except that PoW is a terrible waste of resources : You use specialised hardware build with rare resources and consume a damn lot of electricity.

If you think PoW is the future, you are in denial of the situation humanity is facing.

[x0rcist]

The believe that PoW is fair compared to PoS is just plain wrong.

It is exactly the same : the people that have more money can afford a bigger mining rig and get more coin. Except that PoW is a terrible waste of resources : You use specialised hardware build with rare resources and consume a damn lot of electricity.

If you think PoW is the future, you are in denial of the situation humanity is facing.

Superressistant who longed for POS, beholds with pain
The tempting clusters were too high to gain;
Grieved in his heart he forced a careless smile,
And cried ,'POW is to high and hardly worth my while.'

[superresistant]

The believe that PoW is fair compared to PoS is just plain wrong.

It is exactly the same : the people that have more money can afford a bigger mining rig and get more coin. Except that PoW is a terrible waste of resources : You use specialised hardware build with rare resources and consume a damn lot of electricity.

If you think PoW is the future, you are in denial of the situation humanity is facing.

Superressistant who longed for POS, beholds with pain
The tempting clusters were too high to gain;
Grieved in his heart he forced a careless smile,
And cried ,'POW is to high and hardly worth my while.'

Bravo sir. I reckon I am bitching about PoW.

[extee]

I don't get what the huge deal is with this . sure it is a big improvement over  SHA256/scrypt but won't resolve the fundamental issues with PoW.
if it becomes in any way profitable some manufacturer in china would take less than a month to come out with dedicated boxes/motherboards with 100s memory slots crunching the algo.
mining will always be polarized and will always be a waste of resources as it becomes more competitive/lucrative.
the only "advantage" PoW has over PoS is that it doesn't require an IPO to distribute the coins....but ethereum still went for some IPO wtf??....so might aswell go for full PoS without need for mining .  the mining community is not not only useless but a baggage for the progress of crypto.

Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

like this clueless troll for example
privacy management, distrubuted applications etc can all be delivered just as well with PoS, and sustainable from end user devices
because of this for dsitributed applications PoS is actually becoming the preferred choice....infact new development into PoS has led to PoB (proof of bandwith) which could actually be the real next big thing (for cloud applications especially)https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md


in conclusion : ethereum possibly the best of the PoW coins....but PoW is a now a dead/detrimental technology imo.

[x0rcist]

lol can we keep this thread NXT free plzzz, NXT is in no way comparable with Ethereum. Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

It really seems people dont understand what Ethereum is. For a simple explanation -> compare it with the internet we now have only then based on P2P so no more single point of failures or big hogs like Google that try to control the web.

I totally agree that this thread should ONLY contain information on Ethereum... but I would really be interested if someone with coding/technical knowledge opened a NEW topic comparing Ethereum to NXT. I believe such thread, of course, should give priority on comparing differences in the implementation of SIMILAR features first. Once those are out of the way... we can all discuss unique features with a clear head.

I would do it myself... but don't have the technical knowledge!  

Post the link if you open such thread... but PLEASE analyze differences in the implementation of SIMILAR features that the two cryptocurrencies are bringing to the stage FIRST.

You cannot compare NXT with Ethereum. NXT has nothing to offer, only POS and its backed by thin air. Ethereum is a framework (protocol) where p2p applications can be build on like twister (http://twister.net.co/) and it's going for a p2p internet (internet 3.0). Best you can compare it with bitshares (https://bitsharestalk.org/index.php?topic=2166.0) but then on steroids. Actually one of the founders of Ethereum was first CEO of Invictus a.k.a bitshares but after some argues with the other founder of bitshares he decided to leave the ship on make his own DAC with all flaws fixed of Bitshares/Keyhotee etc. etc.

In short; now we have internet in the future we have p2pnet = no more spying of NSA like company's and big hogs like google but with same services backed by p2p. Everything is based on p2p and this only happens if we believe in future frontiers like Ethereum. No more POW/POS/POB(urn) but Proof of Bandwith like types etc.

[x0rcist]

I don't get what the huge deal is with this . sure it is a big improvement over  SHA256/scrypt but won't resolve the fundamental issues with PoW.
if it becomes in any way profitable some manufacturer in china would take less than a month to come out with dedicated boxes/motherboards with 100s memory slots crunching the algo.
mining will always be polarized and will always be a waste of resources as it becomes more competitive/lucrative.
the only "advantage" PoW has over PoS is that it doesn't require an IPO to distribute the coins....but ethereum still went for some IPO wtf??....so might aswell go for full PoS without need for mining .  the mining community is not not only useless but a baggage for the progress of crypto.

Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

like this clueless troll for example
privacy management, distrubuted applications etc can all be delivered just as well with PoS, and sustainable from end user devices
because of this for dsitributed applications PoS is actually becoming the preferred choice....infact new development into PoS has led to PoB (proof of bandwith) which could actually be the real next big thing (for cloud applications especially)https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md


in conclusion : ethereum possibly the best of the PoW coins....but PoW is a now a dead/detrimental technology imo.

you really have no idea who are behind this right?

[Come-from-Beyond]

NXT has nothing to offer, only POS and its backed by thin air.

I disagree. It's backed by vacuum.

[luckygenough56]

POW coins and POS coins can coexist for a while. They're kind of complementary, i like that. I don't think many POS coins will really make it though cause people will be quicky tired of IPOs at each new coin available. You can mine any POW shit coins but will invest only in serious POS with potential and ideas. First ones on market are often the chosen ones.

[x0rcist]

POW coins and POS coins can coexist for a while. They're kind of complementary, i like that. I don't think many POS coins will really make it though cause people will be quicky tired of IPOs at each new coin available. You can mine any POW shit coins but will invest only in serious POS with potential and ideas. First ones on market are often the chosen ones.

then check plz what a crypto like Ethereum gets now everyday from IPO investors that totally believe in DAC concepts like this; http://angelshares.info/beta/

[x0rcist]

NXT has nothing to offer, only POS and its backed by thin air.

I disagree. It's backed by vacuum.

lol +1

i quote from that page; "Total number of coins in Nxt is exactly 0."

[Come-from-Beyond]

POW coins and POS coins can coexist for a while. They're kind of complementary, i like that. I don't think many POS coins will really make it though cause people will be quicky tired of IPOs at each new coin available. You can mine any POW shit coins but will invest only in serious POS with potential and ideas. First ones on market are often the chosen ones.

then check plz what a crypto like Ethereum gets now everyday from IPO investors that totally believe in DAC concepts like this; http://angelshares.info/beta/

People can't get why PoS coins need "IPO". To do initial distribution of the stake, not to raise funds. That's why Nxt got only 21 BTC. Looks like people r unable to think beyond money...

Edit: PoW coins that need IPO don't make sense at all.

[x0rcist]

POW coins and POS coins can coexist for a while. They're kind of complementary, i like that. I don't think many POS coins will really make it though cause people will be quicky tired of IPOs at each new coin available. You can mine any POW shit coins but will invest only in serious POS with potential and ideas. First ones on market are often the chosen ones.

then check plz what a crypto like Ethereum gets now everyday from IPO investors that totally believe in DAC concepts like this; http://angelshares.info/beta/

People can't get why PoS coins need "IPO". To do initial distribution of the stake, not to raise funds. That's why Nxt got only 21 BTC. Looks like people r unable to think beyond money...

Edit: PoW coins that need IPO don't make sense at all.

so actually NXT is backed.... with 21 BTC ...

[Come-from-Beyond]

Well, I think it's a good place to repost my warning from "A new way to scam newbies":

Distributed Autonomous Corporation is becoming a popular trend. I predict we'll see at least one major scam related to DAC within next 6 months. Be careful.

Pay attention to the date. And use ur own brain to make a decision.

[x0rcist]

Well, I think it's a good place to repost my warning from "A new way to scam newbies":

Distributed Autonomous Corporation is becoming a popular trend. I predict we'll see at least one major scam related to DAC within next 6 months. Be careful.

Pay attention to the date. And use ur own brain to make a decision.

I totally agree with this, and to be honest i lost my faith a little in Invictus in the last weeks. Guess its wise to wait on the next Bitcoin Conference (http://btcmiami.com/) and see what Ethereum has to offer. Atleast the guy behind has done already good (proof-able) work for the bitcoin community.

[organizer]

So, just to try to add a new subdiscussion into things here... as a crypto "hobbyist", what would my mining rig look like? From what I can comprehend this is more of a memory-based coin. I think I read somewhere that CPU/GPU's will act somewhat on par with each other (GPU maybe slightly better?).

So if the typical scrypt "hobbyist" rig is something like a 4x r9 280x setup, what would someone want to build for Eth? Fast processor w/ tons of RAM?

[tacotime]

Please use the nxt thread to discuss issues relating to that currency.

[msin]

Please use the nxt thread to discuss issues relating to that currency.

What will the coin acronym be for Ethereum, I just can't imagine people getting excited about saying Ethereum all the time.

[super3]

Is Ethereum accepting pull requests?

[BitCoinPokerBro]

I don't know why everyone is bitching about POW vs POS. In either case if you have a $10,000 to invest you'll earn more than someone with $2,500. It takes money to build mining rigs just like it takes money to invest is POS.

Unfortunately the days of mining with one video card for 10,000% return is gone.