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

[indigon]

What is the date of the Miami conference? Is it full already?

[jimhsu]

Is there anywhere on the Internet a reply of Ethereum devs on http://bitslog.wordpress.com/2014/01/17/ethereum-dagger-pow-is-flawed/ ?

Edit: I have just noticed the date of the blog post, never mind.

Reply here: http://www.reddit.com/r/ethereum/comments/1vh94e/dagger_updates/

In summary: Maybe PoS instead, or a competition for the "best" (resistant) PoW algorithm (ala AES and SHA3).

[msin]

Im kinda confused; The countdown.. is it for the actual launch of the coin, for the IPO, for more info, or what?

It's for the launch of the IPO which should last 30-60 days but no one really knows.  We are still at least 3 months out for the coin launch.

[ThePatient]

Would it be wise to wait until after the IPO to invest?

[dzarmush]

Would it be wise to wait until after the IPO to invest?

If they're gonna go with current plans then yes. They want to sell 1 eth for 0.0001 btc during IPO and lock investors' funds for a year.

When IPO is over and miners start mining, the price won't be 0.0001 btc right from the start. Probably several months later.

[ZeroTheGreat]

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.

To speculate with PoS. To invest with PoS = to do profitable operations with it, to earn intrest, like forging in Nxt (for now ROI% near 0%, though).

[pastet89]

I am trying to study all these information and prepare for mining... Can you confirm that in 5 days only the IPO starts and not the mining?
How can I buy shares from the IPO? 
Thanks. 

[Ursium]

What is the date of the Miami conference? Is it full already?

http://btcmiami.com/ - 25 & 26 jan, tickets still avail.

[Ursium]

I am trying to study all these information and prepare for mining... Can you confirm that in 5 days only the IPO starts and not the mining?
How can I buy shares from the IPO? 
Thanks. 

Mining on livenet won't start for months.
Shares from the IPO will be available via website, similar model as Mastercoin fundraiser (exodus address)

[ThePatient]

What exactly does a mastercoin style (exodus address) fundraiser entail?

[kdrop22]

What exactly does a mastercoin style (exodus address) fundraiser entail?

Everyone sending their Bitcoin to an address controlled by the founder/developer.

[kdrop22]

If I understand it correctly:

The founders receive:
a) All the BTC raised via the fundraiser
+
b) Their share of Ether at launch

What about the product, is it still under development? What it the ETA for this.
Will there be a working prototype at launch, even if it is at the Alpha/Beta stage.

[kovand11]

I like the product, but really hate the price. Its 0.0001 BTC * 1.2 trillion = 120000000 BTC This is insane. I know that not all the coins will be available at start, but its wrong with many many zeros.
This way, it is a scam, with a little development behind it.

[canth]

I like the product, but really hate the price. Its 0.0001 BTC * 1.2 trillion = 120000000 BTC This is insane. I know that not all the coins will be available at start, but its wrong with many many zeros.
This way, it is a scam, with a little development behind it.

Forget the 1.2 trillion max coin limit - it's really not relevant. In the first year, 2X Ether will be released, where X is based upon initial price and the amount invested. Assume for a minute that 10,000 BTC is invested @ 0.0001 BTC / Ethers. First year:

Investors: 100M Ethers
Founders pool: 25M Ethers
Dev bounty pool: 25M Ethers
Mining: 50M Ethers

Total after each year:
Year 1: 200M Ethers
Year 5: 400M Ethers
Year 30: 1.5B Ethers
Year 100: 5B Ethers
...
AD 26011: 1.2T Ethers

It's really just a matter of putting concrete examples in the whitepaper so as to not focus on the hard limits of the system. My advice? Be skeptical, just keep an open mind and don't be locked into your initial reactions on things like the max coin limits.

[ak84]

I should have advised Vitalik to remove the 1.2 trillion number from his whitepaper. WAYYY too much misunderstanding from that figure.

[FreddyFender]

I like the product, but really hate the price. Its 0.0001 BTC * 1.2 trillion = 120000000 BTC This is insane. I know that not all the coins will be available at start, but its wrong with many many zeros.
This way, it is a scam, with a little development behind it.

Let me see... signed up in dec 2013, 27 posts and knowledgeable about mining PoW and PoS. A sock declaring that Ethereum is a scam.
Perhaps you, the sock are the scam, please take your trolling elsewhere.

[Lloydie]

...
AD 26011: 1.2T Ethers

Yeah, but I would have mirrored my mind into a quantum computer by 26011. 

[mihserf]

I like the product, but really hate the price. Its 0.0001 BTC * 1.2 trillion = 120000000 BTC This is insane. I know that not all the coins will be available at start, but its wrong with many many zeros.
This way, it is a scam, with a little development behind it.

Forget the 1.2 trillion max coin limit - it's really not relevant. In the first year, 2X Ether will be released, where X is based upon initial price and the amount invested. Assume for a minute that 10,000 BTC is invested @ 0.0001 BTC / Ethers. First year:

Investors: 100M Ethers
Founders pool: 25M Ethers
Dev bounty pool: 25M Ethers
Mining: 50M Ethers

Total after each year:
Year 1: 200M Ethers
Year 5: 400M Ethers
Year 30: 1.5B Ethers
Year 100: 5B Ethers
...
AD 26011: 1.2T Ethers

It's really just a matter of putting concrete examples in the whitepaper so as to not focus on the hard limits of the system. My advice? Be skeptical, just keep an open mind and don't be locked into your initial reactions on things like the max coin limits.

I think 10,000 BTC is a lot and won't be invested. So why there is need in 1.2T Ethers? Don't understand..

Anyway. I don't understand about IPO. What the profit? Isn't it better to mine or to buy at lower price from miners? I'm sure that miner's price will be lower than 0.0001 BTC (at least I hope).

[pastet89]

Hi, few questions here:

1. How can I subscribe for the IPO and buy shares and does it start in 4 days? Is there a limit for the IPO (is this the total of 100M ethers for Investors)?

2. I read in the whitepaper that people who mine in the begining and in the future will mine same amount of coins. But this is conflicting with difficulty increase, can you confirm that early miners will no have any advantage at all over the later miners?

3.

Investors: 100M Ethers
Founders pool: 25M Ethers
Dev bounty pool: 25M Ethers
Mining: 50M Ethers

Total after each year:
Year 1: 200M Ethers
Year 5: 400M Ethers
Year 30: 1.5B Ethers
Year 100: 5B Ethers
...
AD 26011: 1.2T Ethers

I am not gettting this... As far as I understand that the total shares pre-launch (100M investors, 25M founders, 25M devs and 50M ethers) will be premined and spread before launch and all of them make a total of 200M.
So how after 1 year the total supply will be still 200M? That sounds like no ethers will be ever mined during the first year?  

[whoiis]

it was just an example 
there will be 1 eth per 0.0001 BTC invested
+25% founders pool
and so on ....