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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1803591 times)
Bitcoin.info.ro
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February 02, 2014, 03:07:18 PM
 #1161

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
 #1162

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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February 02, 2014, 04:03:47 PM
 #1163

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

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

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February 02, 2014, 04:15:38 PM
 #1164

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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.......Whitepaper.......
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February 02, 2014, 04:59:34 PM
 #1165

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?
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February 02, 2014, 06:42:52 PM
 #1166

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
 #1167

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?
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February 02, 2014, 07:39:43 PM
 #1168

i see

Sorry for my broken English XD
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February 02, 2014, 07:47:58 PM
 #1169

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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February 02, 2014, 08:16:13 PM
 #1170

subscribing to this thread

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February 02, 2014, 08:46:37 PM
 #1171

In the Jason Bourne novels by American author Robert Ludlum the department within the CIA which made Bourne and the other super agents is called Treadstone Seventy-One. The fact that the original Nxt contributors are 71 in number must mean the CIA is behind Nxt! It's a cryptic message... I can't believe no one has figured this out yet!

See, if I had been allowed to invest when I was locked out, NXT would have had 72 investors, making it holy.

By "not allowed to invest when I was locked out"... do you mean that even though you had completed your payment and had sent the Hash of the transaction before the Genesis Block was generated you were not allowed to invest and were locked out... OR are you just trying to get everybody to believe you got cheated somehow simply because you did not make it in time?    Undecided

Come on now... we have been over this plenty... you must have figured it out by now!?!    Huh

Genesis block was still being made day after I asked when deadline was and pre-sale was abruptly closed without advance notice while I was waiting for answer on deadline while BTC sent while I was waiting was included. All someone had to say was "We are closing the pre-sale now. If you want to invest you need to do so now."
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February 02, 2014, 09:47:55 PM
 #1172

I had heard rumours that etherium already raised significant funds from financial community, vc's etc
Can there be official confirmation or denial on this very important point?

If there has been investment already raised, then i assume that they will get some sort of advantage over the public ipo investors. What sort of asvantage are we talking about? Is that where the 50% dilution comes from? What if the public ipo investors brings in ten times the btc as private funding round? Will the 50% dilution be reduced to five percent?

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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February 02, 2014, 09:59:15 PM
 #1173

Genesis block was still being made day after I asked when deadline was and pre-sale was abruptly closed without advance notice while I was waiting for answer on deadline while BTC sent while I was waiting was included. All someone had to say was "We are closing the pre-sale now. If you want to invest you need to do so now."

See... now we're getting closer... if I understood you well... you never received an answer and didn't get to send the BTC + Hash because the Genesis Block was/was being generated.  That is what I have been trying to tell you all this time.

As far as the "We are closing the pre-sale now.  If you want to invest you need to do so now." goes... I agree.  It might have been better if it had taken place... but people need to know when hearing your experience that the offer was already running 6 weeks.  Everybody is under the wrongful impression that BCNext cut the offer short really fast... but clearly it is not the case.

Honestly... does the fact that BCNext didn't give a 'Heads Up' after the offer being open and public for 6 weeks make Nxt anything less than what it truly is?  I mean the guy had set a cap of 250 people and 6 week later there were only 70 plus some change... and you are the only one that I am aware of, so far, that missed it marginally.  I think it is time for this myth to DIE.

Yup. How many times are we going to hear this bs from you Td services? Quit whining and accept the fact that you suffered from paralysis by analysis and screwed yourself. Should have got your ass off the fence and made a move instead oh ho-humming about it.

You're going to hear it every time the claim is made that everyone who wanted to was allowed to invest in NXT because that statement is not true. There also was no mention of any cap of 250 in the original announcement, just a date, 1/3/2014.

I had already decided to invest in NXT, just waiting for other markets to move in my favor for better exchange rate, thinking I had until January 3rd. The time from when I asked about deadline to being informed it was closed without notice was only a few hours. Another coin was accepted and included in the genesis block. Sorry, but I see this as a deliberate lockout to prevent further dilution of existing investment.

Pre-sales need to be very clear in their terms, cap limits, and schedules, and give plenty of advance notice of any changes. Ethereum strikes me as being very diligent in this regard.
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February 02, 2014, 11:01:53 PM
 #1174

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.)

I don't know why it would be difficult.  Either miners would see value in rejecting code that accommodates lager blocks or they don't.  If it becomes a problem for people using the network, there rests less value in the network an so miners' coins become connected to a lesser degree of utility.

There are absolutely clear expressions of value or lack of value in courses of action that would further constrain or further liberate the network, depending on your perspective.  Just because there are completing interests at work does not at all mean that it's impossible or even difficult.  It just means that value expressions won't make sense to everyone in an abstract sense but that's a universal constant relative to all things that are priced in a market.  People value different things for different reasons.
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February 02, 2014, 11:12:06 PM
 #1175

XCP, eMunie, MSC, Ethereum.. the battle of the giants is about to start!!!!

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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February 02, 2014, 11:20:11 PM
 #1176

This thread is so long, all posts get buried within 24h. I've compiled a list of FAQ from our forum below which should answer most questions.

We're going to organize a Q&A thread on BitcoinTalk, and we're also going to run an AMA on Reddit very soon. I'll post the time and dates and soon as all this is confirmed.


http://j.mp/ethereum_code_faq

http://j.mp/ethereum_mining_faq

http://j.mp/ethereum_investment_faq

http://j.mp/ethereum_meetup_faq

Ethereum Twitter: @ethereumproject - Blog: blog.ethereum.org - Forum: forum.ethereum.org - Github: github.com/ethereum
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February 02, 2014, 11:26:05 PM
 #1177

This thread is so long, all posts get buried within 24h. I've compiled a list of FAQ from our forum below which should answer most questions.

We're going to organize a Q&A thread on BitcoinTalk,

Please, don't forget to self moderate this time.
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February 02, 2014, 11:41:00 PM
 #1178


Please, don't forget to self moderate this time.

Apologies for that, won't happen again Smiley

Ethereum Twitter: @ethereumproject - Blog: blog.ethereum.org - Forum: forum.ethereum.org - Github: github.com/ethereum
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February 03, 2014, 12:03:47 AM
 #1179

want to sell 300 UTC

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February 03, 2014, 12:08:27 AM
 #1180

There is this argument that bitcoin blockchain is established and has a global network, name recognition and support group in place so altcoins and other resources built on top of it have a couple of years head-start to be successful and dominate the market. OT is one example which seems to even include contracts:

http://opentransactions.org/wiki/index.php?title=Main_Page

"Open-Transactions democratizes financial and monetary actions. You can use it for issuing currencies/stock, paying dividends, creating asset accounts, sending/receiving digital cash, writing/depositing cheques, cashier's cheques, creating basket currencies, trading on markets, scripting custom agreements, recurring payments, escrow, etc."

Barriers to entry is getting tougher everyday. Ethereum has an uphill battle to fight and a community that needs yet to be created to develop tools and resources.  Any thoughts?



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