[ANN] Ethereum: Welcome to the Beginning

[Hueristic]

Last years BTC's price slumped below $173 dollars.

Clearly, not caring about criminal activity, has and does wipe Billions of dollars off a crypto currencies Market Capitalisation.

I think people investing in ETC have a poor grasp on what adds value to every tool or service ever created.

So, I will put this into a binary explanation:

Direction A: removes flaws or aspects that reduce the value of the tool or service.

Direction B: add new features or improvements to the that tool or service.

Because Ethereum is a crypto currency, Direction A and Direction B will frequently require hard forks and soft forks, otherwise increases in the value of that tool or service can never happen.

I really don't think a crypto currency that never does any hard forks or soft forks will have any scope to increase its' fundamental value, because it will have very little scope to do either Direction. 

I'll just let you argue with yourself.

https://www.google.com/search?q=bitcoin+price&ie=utf-8&oe=utf-8

[Mrpumperitis]

I don't want to labour the point (over state this) about the effect of high crime activity reducing the willingness of people to set up businesses on a Network place.

But, if you read a basic Sociology book, nothing challenging e.g. A' Level standard (for people aged 16-18) it will run through statistics related geographical regions with higher levels of criminal activity and reduction in peoples willingness to build businesses there.

Essentially, it will explain the basics, places that become locations for high levels of criminal activity, see a corresponding reductions in people's willingness to build businesses in those places.

Places with low levels of criminal activity, have higher levels of people trying to build businesses there.

Clearly, this piece of Sociology will effect the Market Capitalisation of Crypto Currencies.

You made your point pretty clear, thank you. Now can you explain why ETH (the righteous fork) doesn't roll back other thefts and losses, just that one DAO thing?

dao coins that were stolen could only be retreived because there was a 30+day withdraw limit

The same applies here:

https://www.reddit.com/r/ethereum/comments/4v0v9k/someone_just_split_from_the_dao_and_drained_it/

38k ETH here: http://etherscan.io/address/0x10abb5efecdc09581f8b7cb95791fe2936790b4e

Why not another fork?

There are other provably unspendable or otherwise bogus contracts. Why not another fork to refund those?

you wanna fork....ok i give u ****** fork lol                
who else want fork ******* lol

[suchmoon]

you wanna fork....ok i give u ****** fork lol                
who else want fork ******* lol

Vitalik seems to have gained weight in that photo. Must be all that stress and hard work.

I have to correct you though. I don't want a fork or a spoon or anything. I'm curious what are the criteria for a bail out fork. Since you don't know the answer could you please move aside and let someone else try. Thanks.

[Mrpumperitis]

you wanna fork....ok i give u ****** fork lol                
who else want fork ******* lol

Vitalik seems to have gained weight in that photo. Must be all that stress and hard work.

I have to correct you though. I don't want a fork or a spoon or anything. I'm curious what are the criteria for a bail out fork. Since you don't know the answer could you please move aside and let someone else try. Thanks.

lol , thats our big bro bitpoop in the morn after his shwarma n toast ...

[Mrpumperitis]

you wanna fork....ok i give u ****** fork lol                
who else want fork ******* lol

Vitalik seems to have gained weight in that photo. Must be all that stress and hard work.

I have to correct you though. I don't want a fork or a spoon or anything. I'm curious what are the criteria for a bail out fork. Since you don't know the answer could you please move aside and let someone else try. Thanks.

ok ok...wait there..ill go get Vitailik..,.......im sure he is really curious on the thoughts of "Suchmoon" and will directly respond to you very soon.

[Mrpumperitis]

ok suchmoon , he said tell him to watch this....https://www.youtube.com/watch?v=izR8ATVgDwA  I want a fork!!!

[Mrpumperitis]

you wanna fork....ok i give u ****** fork lol                 
who else want fork ******* lol

Vitalik seems to have gained weight in that photo. Must be all that stress and hard work.

I have to correct you though. I don't want a fork or a spoon or anything. I'm curious what are the criteria for a bail out fork. Since you don't know the answer could you please move aside and let someone else try. Thanks.

lol , thats our big bro bitpoop in the morn after his shwarma n toast ...

Kinda looks like me actually

...people thought i was jokin lol ...

[Mrpumperitis]

bitpoop your a troll , a troll with a soul lol   this pic should be front page of https://bitcointalk.org/index.php?topic=1559630.0lol remove the etc logo bro lol

[jubalix]

I don't want to labour the point (over state this) about the effect of high crime activity reducing the willingness of people to set up businesses on a Network place.

But, if you read a basic Sociology book, nothing challenging e.g. A' Level standard (for people aged 16-18) it will run through statistics related geographical regions with higher levels of criminal activity and reduction in peoples willingness to build businesses there.

Essentially, it will explain the basics, places that become locations for high levels of criminal activity, see a corresponding reductions in people's willingness to build businesses in those places.

Places with low levels of criminal activity, have higher levels of people trying to build businesses there.

Clearly, this piece of Sociology will effect the Market Capitalisation of Crypto Currencies.

You made your point pretty clear, thank you. Now can you explain why ETH (the righteous fork) doesn't roll back other thefts and losses, just that one DAO thing?

a precedent has been set::

Do you want to be on the chain that is mutable or not

The ETC chain gives you that choice, and has a market vaule of over 100M supporting that choice.

so their is nothing to argue about the more immutable version ETC has a value proposition, much it seems to the chargin of the ETH only crowd, and disbelief. They did not appreciate the strength of what they were doing...code is law!

[Mrpumperitis]

I don't want to labour the point (over state this) about the effect of high crime activity reducing the willingness of people to set up businesses on a Network place.

But, if you read a basic Sociology book, nothing challenging e.g. A' Level standard (for people aged 16-18) it will run through statistics related geographical regions with higher levels of criminal activity and reduction in peoples willingness to build businesses there.

Essentially, it will explain the basics, places that become locations for high levels of criminal activity, see a corresponding reductions in people's willingness to build businesses in those places.

Places with low levels of criminal activity, have higher levels of people trying to build businesses there.

Clearly, this piece of Sociology will effect the Market Capitalisation of Crypto Currencies.

You made your point pretty clear, thank you. Now can you explain why ETH (the righteous fork) doesn't roll back other thefts and losses, just that one DAO thing?

a precedent has been set::

Do you want to be on the chain that is mutable or not

The ETC chain gives you that choice, and has a market vaule of over 100M supporting that choice.

so their is nothing to argue about the more immutable version ETC has a value proposition, much it seems to the chargin of the ETH only crowd, and disbelief. They did not appreciate the strength of what they were doing...code is law!

lol er yea we kinda already know this lololol
we fought, traded, won,lost,cried and made up...where were you?

[roselee]

You do realize that the "replay theft" (where did you get the 7.5m figure?) was a combination of the hasty hardfork and the ineptitude of some exchanges and/or users? Is ETH going to roll that back too? Because that's what you seem to be suggesting. ETC doesn't care, but ETH the crime-fighting network does, so they fork again now?

plus the ETH fork did not report the thief , did nothing to find him/she, didnt investigate who was it. and i guess on the ETH forked chain all evidence of the theft is gone.

According to ETC proponents,

1) there was no "thief"
2) there was no "theft"

because "code is law" and now the hacker is the rightful owner of his (ETC) tokens.
So there is no reason to investigate according to ETC folks (hacker might be one of them).  

BTW: Have those ETH bastards even magically erased all that evidence of non theft from the pre fork chain?
BTW2: You cannot have your cake and eat it...

sorry i should have said so called  thief , so called theft, becoue were i live a person is innocent till proven guilty.

the fork was selfjustic. no jury , no fakts on the table , no investigation.

[roselee]

question:
why do the miners still mine ETH? with that diff bomp on the chain. did the ethereum team tell  of it. befor they did that ? i didnt know of it.
well and pos means there are no more miners needed ? right?
are miners now careful ? with investing ?
 i watched that video
https://youtu.be/OGGW9ozE-ys?list=PLPQwGV1aLnTs1Ct0aZR7nKNaHHM8WAeAZ

and it seems to me that the ETH guys say for them it doesnt matter what or whom they kick off the ship. as long as they get to success.

i mean the one guy sounded like no matter what, we change it. rules , principles ........ and so on.

fork it ...
thats very scary for a to be world computer

they say consensus. but if its a world computer and every one on earth will or shall be part of it it must be demorcatic it cant be dictatoric.
otherwise it leads to slavery of the masses.
how about a young man in africas bush does he have a voice in this worldcomputer voting ?
or only the big holders of ETH ?
edit:
i found the tweet it was martin köppelmann in the show :
and he tweeted this:
https://twitter.com/koeppelmann/status/760997201048850432

so he thinks devs dont need the miners ?

[thevictimofuktyranny]

This ANN is getting a tad off topic or what?

Most people, who are not commercial miners, mine with GPU's for accumulation of the Alt Coin e.g. at some point in time, you will want the mined coins in your wallet to go up in value.

When Ethereum hit $20 dollars, it became impossible to mine and hold ETH, because common sense implied, you should sell them off and buy yourself 2-3 more GPU's and then hold the Ethereum when the price came down.

Clearly, for most GPU accumulators of Ethereum, when the coins goes to POS - there is the real prospect of Ethereum heading back up towards $20.

Secondly, as the time reduces to the beginning of POS stage - the incentive to sell Ethereum to buy more GPUs disappears, because common sense implies you won't get enough Ethereum to justify the expenditure.

I, myself, am looking forward to the POS, because it means I don't have to buy any more GPU's!





 

[FruitBucket]

You do realize that the "replay theft" (where did you get the 7.5m figure?) was a combination of the hasty hardfork and the ineptitude of some exchanges and/or users? Is ETH going to roll that back too? Because that's what you seem to be suggesting. ETC doesn't care, but ETH the crime-fighting network does, so they fork again now?

plus the ETH fork did not report the thief , did nothing to find him/she, didnt investigate who was it. and i guess on the ETH forked chain all evidence of the theft is gone.

According to ETC proponents,

1) there was no "thief"
2) there was no "theft"

because "code is law" and now the hacker is the rightful owner of his (ETC) tokens.
So there is no reason to investigate according to ETC folks (hacker might be one of them).  

BTW: Have those ETH bastards even magically erased all that evidence of non theft from the pre fork chain?
BTW2: You cannot have your cake and eat it...

So there is no problem for the person who "hack" the DAO tokens to sue the Ethereum Foundation?

[thevictimofuktyranny]

You do realize that the "replay theft" (where did you get the 7.5m figure?) was a combination of the hasty hardfork and the ineptitude of some exchanges and/or users? Is ETH going to roll that back too? Because that's what you seem to be suggesting. ETC doesn't care, but ETH the crime-fighting network does, so they fork again now?

plus the ETH fork did not report the thief , did nothing to find him/she, didnt investigate who was it. and i guess on the ETH forked chain all evidence of the theft is gone.

According to ETC proponents,

1) there was no "thief"
2) there was no "theft"

because "code is law" and now the hacker is the rightful owner of his (ETC) tokens.
So there is no reason to investigate according to ETC folks (hacker might be one of them).  

BTW: Have those ETH bastards even magically erased all that evidence of non theft from the pre fork chain?
BTW2: You cannot have your cake and eat it...

So there is no problem for the person who "hack" the DAO tokens to sue the Ethereum Foundation?

I sure there is separate ANN for DAO, perhaps you should post that question on their ANN.

[greenuser]

Code is not law, Law is Law.
Ref:  Chris Ellis - Ethereum, A Classic Tale of Two Chains  https://www.youtube.com/watch?v=s1XiAwSpXbI  go to 3:00,  from the start for the legal stuff or from 13:30 for the real meat


If a man robs a bank do we recall all the dollar bills in existence and re issue new ones?

Crime will exist with or without money.  The question is....  Who is arbiter of global law?  The banks?  The crypto currency providers?  The American Government? If that is the case, we will have to trust them.  They will decide who the criminals are.  They will become the new law  and you will have to do as you are told. There goes “trust-less” out the window with “immutability”, No?

It is the banksters who are the criminals here and ETH are getting very close to them.
Look what the banks get up to https://www.theguardian.com/business/2015/jun/04/hsbc-fined-278m-over-money-laundering-claims

[thevictimofuktyranny]

Code is not law, Law is Law.
Ref: https://www.youtube.com/watch?v=s1XiAwSpXbI  go to 3:00,  from the start for the leagal stuff or from 13:30 for the real meat


If a man robs a bank do we recall all the dollar bills in existence and re issue new ones?

Crime will exist with or without money.  The question is....  Who is arbiter of global law?  The banks?  The crypto currency providers?  The American Government? If that is the case, we will have to trust them.  They will decide who the criminals are.  They will become the new law  and you will have to do as you are told. There goes “trust-less” out the window with “immutability”, No?

It is the banksters who are the criminals here and ETH are getting very close to them.
Look what the banks get up to https://www.theguardian.com/business/2015/jun/04/hsbc-fined-278m-over-money-laundering-claims

Really, that is so Off Topic, perhaps you should start a separate thread for those opinions!

I really hope, Ethereum goes to POS in the next 3-4 months

Then, I'll sell off my AMD GPU's on ebay and buy some more Ethereum

[greenuser]

Be sure to PM me when you sell your GPUs, i may be interested 

[thevictimofuktyranny]

Be sure to PM me when you sell your GPUs, i may be interested 

And, remember this is good for AMD , as well.

Because, people pick up really great gaming GPU's formerly used for crypto mining.

During the massive 290's and 280's sell off, when Litecoin went over to ASIC hardware people were buying 290's and 290X's on ebay for 40% of there online price.

Then, when those 2nd hand Ebay buyers came to upgrading their gaming rigs, they bought more expensive Nvidia and AMD GPU's, not forgetting all those extra sales of gaming monitors.

You may have noticed, higher end Desktop PC gaming and Steam really took off 2 years ago, when all of these high end GPU's were sold off on Ebay.

This time.

Ethereum wins.

AMD wins.

Nvidia wins.

[redsn0w]

https://www.reddit.com/r/ethereum/comments/4w9wo2/please_approve_my_operation_vbuterin_signed/