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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 2003261 times)
MijntjeGoud
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February 02, 2014, 12:13:36 PM
 #1141

so we can mine this coin?
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Bitcoin.info.ro
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February 02, 2014, 12:16:10 PM
 #1142

so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least
MijntjeGoud
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February 02, 2014, 01:08:01 PM
 #1143

so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least

Aha oke, and in the near future also not possible to mine?
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February 02, 2014, 01:25:29 PM
 #1144

Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.
MijntjeGoud
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February 02, 2014, 01:27:00 PM
 #1145

Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.

thnx for the info Smiley
xibeijan
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February 02, 2014, 01:52:51 PM
 #1146

Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.

Notable projects 2019: Semux, Dero, Wagerr, BEAM
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February 02, 2014, 02:01:13 PM
 #1147

Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.

The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.
flayway
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February 02, 2014, 02:12:36 PM
 #1148

Im interesting to invest this hope remember follow Smiley

XCP:     19zzpgk3oakH2b7zd63mw3DadtNkvefVfo    BTC:     1ASSkiRsqRUUp5Y8YQYnuc41fBbYR3iRD2
_ingsoc
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February 02, 2014, 02:52:03 PM
 #1149

Im interesting to invest this hope remember follow Smiley


_ingsoc
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February 02, 2014, 02:53:51 PM
 #1150

The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

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February 02, 2014, 03:07:18 PM
 #1151

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.
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February 02, 2014, 03:59:42 PM
 #1152

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.

IIRC someone mentioned that more information would be available around Feb. 20.

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_ingsoc
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February 02, 2014, 04:03:47 PM
 #1153

IIRC someone mentioned that more information would be available around Feb. 20.

Do you know where? Don't how I missed it. xD

LeChatNoir
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February 02, 2014, 04:15:38 PM
Last edit: February 02, 2014, 04:27:20 PM by LeChatNoir
 #1154

Vitalik, anthony and I brought the original team together and the whitepaper did the rest. I don't know what to think of these Nxt people to be honest. Apparently our tech sucks, Nxt is better. We have been Co - opted by evil bankers yet our entire team is transparent unlike certain other teams of 71 Smiley oh and vitalik is a time traveling android sent from a dystopian future (Btw there is seriously a graphic novel coming out about it called vitalik ad 2134).

Levity aside, use common sense and good judgment. When we release the prospectus and business plan read them and do your due diligence. Look at our partners and strategy and most importantly our technology. There are some enormous frustrations in the financial world with how things are structured. It's unfair and corrupt also totally inaccessible to billions of people. Don't you think at least 2 people from the industry would like to be on a project that makes the world a better, more fair place?

I understand how you guys feel. I really do see a lot of frustration and anger in these forums. I felt the same when I was in the Ron Paul movement back in 2008. It was terrible to feel helpless and ignored. The difference today is that we have technology that can accomplish anything you want. I just want the community to help us build it, protect it and evolve it to meet the challenges of then future.

The problems we face are now too complex for a single  hacker to resolve. They require a community, large investments in time and resources as well as a dream for a better world. Set the IPO aside and all the other petty grievances and help me make ethereum.

Hi Charles,
relative to fees structure, can you please explain why you chose these numbers?

Quote from:  Ethereum white paper
   TXFEE (100x) - fee for sending a transaction
    NEWCONTRACTFEE (100x) - fee for creating a new contract, not including the storage fee for each item in script code
    STEPFEE (1x) - fee for every computational step after than first sixteen in contract execution
    STORAGEFEE (5x) - per-byte fee for adding to contract storage. The storage fee is the only fee that is not paid to a miner, and is refunded when storage used by a contract is reduced or removed.
    DATAFEE (20x) - fee for accessing or setting a contract's memory from inside that contract
    EXTROFEE (40x) - fee for accessing memory from another contract inside a contract
    CRYPTOFEE (20x) - fee for using any of the cryptographic operations

TXFEE is 5 times CRYPTOFEE, does it mean it takes 5X computational power for the network to process the first type of operation?

GL for the project!

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redwancoin
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February 02, 2014, 04:59:34 PM
 #1155

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?
canuck
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February 02, 2014, 06:42:52 PM
 #1156

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

Woah woah woah...wait a minute.  Where does the author get this idea?

Quote
Bitcoin simply cannot organically adapt to handle anything more than the 7 tx/sec limit that Satoshi originally placed.

This is absolutely inaccurate and in a big way.  In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.  This limit is imposed by consensus and can be lifted by miners if not eliminated completely though that's a dubious suggestion at best.

I find the entire premise to be incredibly flawed.  The fallacy of market based solutions?  My goodness, this seemed alarmingly out of touch to me.
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February 02, 2014, 07:07:37 PM
 #1157

In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.

It was 32 MiB until Satoshi changed it to 1 MiB, wasn't it?
Forobitcoins
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February 02, 2014, 07:39:43 PM
 #1158

i see

Sorry for my broken English XD
ddink7
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February 02, 2014, 07:47:58 PM
 #1159

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

Woah woah woah...wait a minute.  Where does the author get this idea?

Quote
Bitcoin simply cannot organically adapt to handle anything more than the 7 tx/sec limit that Satoshi originally placed.

This is absolutely inaccurate and in a big way.  In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.  This limit is imposed by consensus and can be lifted by miners if not eliminated completely though that's a dubious suggestion at best.

I find the entire premise to be incredibly flawed.  The fallacy of market based solutions?  My goodness, this seemed alarmingly out of touch to me.

Of course it can be changed by consensus; I think his point was that it will be difficult to reach such a consensus. (Off topic a little, but just the other day I saw a YouTube video of a guy who was adamantly campaigning against increasing the block size.)

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elux
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February 02, 2014, 08:16:13 PM
 #1160

subscribing to this thread

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