[ANN] Ethereum: Welcome to the Beginning

[thevictimofuktyranny]

That is entirely fine with me, but I'm purely interested in primary function as a crypto-currency.

Why would anyone be interested in a crypto-currency that has unlimited supply and can be easily forked at the will of a limited group of bagholders?

lol thanks to you you get it . its not the difficult to understand isnt it .
a unlimitied currency easy to fork and plans to go pos.
sure it will fall in price.

That is a naive statement - this is 2nd biggest crypto-currency network.

Any network that suffers a 51% attack will require a remedial fork to clear up the mess - so you've not really research your opposition to forks, because they are compulsory in certain situations.

From what Vitalik Buterin published 15 hours ago, he listed costings at:

1% issuance equals $50 million costing on the remedial fork

0% issuance equals $5 million costing on the remedial fork.

From these costings for Ethereum Network at the current market valuation $700 million the Ethereum community will probably choose an issuance below 0.5% to minimise the security theoretical costings.

This annual increase of coinage, will be below 45,000 Eth. As opposed to the current production of 12 million Eth.

Then, there is the current electricity bill for the entire Ethereum Network that can be costed at $0.10 at eye-watering amount of $28 million!

Ouch

This is being funded by investors and miners who are accumulating Ethereum.

Annual production at issuance 0.5% equals $360,000 of costings, assuming these are sold off by investors.

Nearly all of metrics say: the investors in Ethereum are going too have plenty of spare cash through the $28 million saving on electricity too achieve a higher price than the current POW price.

Yelp, the Casper POS is a win and win situation for the Ethereum Network and investors - no-one who does the Maths is going to say a saving of $27.6 million is going to cause falling market prices.

Finally, there are a whole sweep of businesses under development expecting to be deployed in 2017 and 2018, which will further increase the market price of Ethereum.

[roselee]

That is entirely fine with me, but I'm purely interested in primary function as a crypto-currency.

Why would anyone be interested in a crypto-currency that has unlimited supply and can be easily forked at the will of a limited group of bagholders?

lol thanks to you you get it . its not the difficult to understand isnt it .
a unlimitied currency easy to fork and plans to go pos.
sure it will fall in price.

That is a naive statement - this is 2nd biggest crypto-currency network.

Any network that suffers a 51% attack will require a remedial fork to clear up the mess - so you've not really research your opposition to forks, because they are compulsory in certain situations.

From what Vitalik Buterin published 15 hours ago, he listed costings at:

1% issuance equals $50 million costing on the remedial fork

0% issuance equals $5 million costing on the remedial fork.

From these costings for Ethereum Network at the current market valuation $700 million the Ethereum community will probably choose an issuance below 0.5% to minimise the security theoretical costings.

This annual increase of coinage, will be below 45,000 Eth. As opposed to the current production of 12 million Eth.

Then, there is the current electricity bill for the entire Ethereum Network that can be costed at $0.10 at eye-watering amount of $28 million!

Ouch

This is being funded by investors and miners who are accumulating Ethereum.

Annual production at issuance 0.5% equals $360,000 of costings, assuming these are sold off by investors.

Nearly all of metrics say: the investors in Ethereum are going too have plenty of spare cash through the $28 million saving on electricity too achieve a higher price than the current POW price.

Yelp, the Casper POS is a win and win situation for the Ethereum Network and investors - no-one who does the Maths is going to say a saving of $27.6 million is going to cause falling market prices.

Finally, there are a whole sweep of businesses under development expecting to be deployed in 2017 and 2018, which will further increase the market price of Ethereum.

lets agree we disagree
wish you a happy new year

[thevictimofuktyranny]

That is entirely fine with me, but I'm purely interested in primary function as a crypto-currency.

Why would anyone be interested in a crypto-currency that has unlimited supply and can be easily forked at the will of a limited group of bagholders?

lol thanks to you you get it . its not the difficult to understand isnt it .
a unlimitied currency easy to fork and plans to go pos.
sure it will fall in price.

That is a naive statement - this is 2nd biggest crypto-currency network.

Any network that suffers a 51% attack will require a remedial fork to clear up the mess - so you've not really research your opposition to forks, because they are compulsory in certain situations.

From what Vitalik Buterin published 15 hours ago, he listed costings at:

1% issuance equals $50 million costing on the remedial fork

0% issuance equals $5 million costing on the remedial fork.

From these costings for Ethereum Network at the current market valuation $700 million the Ethereum community will probably choose an issuance below 0.5% to minimise the security theoretical costings.

This annual increase of coinage, will be below 45,000 Eth. As opposed to the current production of 12 million Eth.

Then, there is the current electricity bill for the entire Ethereum Network that can be costed at $0.10 at eye-watering amount of $28 million!

Ouch

This is being funded by investors and miners who are accumulating Ethereum.

Annual production at issuance 0.5% equals $360,000 of costings, assuming these are sold off by investors.

Nearly all of metrics say: the investors in Ethereum are going too have plenty of spare cash through the $28 million saving on electricity too achieve a higher price than the current POW price.

Yelp, the Casper POS is a win and win situation for the Ethereum Network and investors - no-one who does the Maths is going to say a saving of $27.6 million is going to cause falling market prices.

Finally, there are a whole sweep of businesses under development expecting to be deployed in 2017 and 2018, which will further increase the market price of Ethereum.

lets agree we disagree
wish you a happy new year

As a standard reply, I would rip you a new asshole roselee if you weren't English.

Have a Happy New Year! 4 hours to go n London.

[IncludeBeer]

I just realized I have a sizeable amount of ETC in my Eth fork wallet.  What do I need to do to get access to that?  Is it as simple as installing the ETC wallet and importing my Eth seed?

Bump!

[Sictalfia]

That is entirely fine with me, but I'm purely interested in primary function as a crypto-currency.

Why would anyone be interested in a crypto-currency that has unlimited supply and can be easily forked at the will of a limited group of bagholders?

lol thanks to you you get it . its not the difficult to understand isnt it .
a unlimitied currency easy to fork and plans to go pos.
sure it will fall in price.

That is right. If the issurance is not so big, the price will also rise.

[Maicol792]

I just realized I have a sizeable amount of ETC in my Eth fork wallet.  What do I need to do to get access to that?  Is it as simple as installing the ETC wallet and importing my Eth seed?

Bump!

Hi,  you need to split ... if you need help can contact me in pm

[Asgardian]

Best Wallet to store Ethereum? Probably been asked before so thanks in advance

[Conurtrol]

Best Wallet to store Ethereum? Probably been asked before so thanks in advance

i use the Parity wallet from Ethcore, Gavin Wood's company: https://ethcore.io/

[m4nki]

Is there another hardfork planned before Casper implementation?

[Maicol792]

Is there another hardfork planned before Casper implementation?

No.. i think only fork whit Casper implementation!

[TrueAnon]

ETH DEAD

[thevictimofuktyranny]

Currently, ROI rates for crypto-mining hardware investors at electricity rate $0.10 are:

RX 480 5 rig PC costing $1450 is 321 days on Ethereum at current prices.

Antminer S9 and PSU costing $1443 is 177 days on Bitcoin at current prices.

[thevictimofuktyranny]

Welcome to the end

Yelp, your end LOL

[Maicol792]

Welcome to the end

etc and eth have at this moment equal mining profit... but i think in this moment eth have more possibility of develop and market for the future... a this point "welcome to the end" of who? ETC

[Yatsan]

Welcome to the end

etc and eth have at this moment equal mining profit... but i think in this moment eth have more possibility of develop and market for the future... a this point "welcome to the end" of who? ETC

ETC is a pump and dump coin.

[icqcointokenwallet]

I think ETH was the biggest pump and dump.  Just too much invested into an idea that really may work as projected, some day.

[IncludeBeer]

Welcome to the end

etc and eth have at this moment equal mining profit... but i think in this moment eth have more possibility of develop and market for the future... a this point "welcome to the end" of who? ETC

ETC is a pump and dump coin.

Nah that's ethf

ETC is more just...dump.  There's no real future, thus no real "pump". 

[roselee]

did vitalik realy say miners are disloyal ?
https://www.reddit.com/r/ethereum/comments/5lfugz/eip_186_modified/?sort=top
quote from reddit:
[–]vbuterinJust some guy 14 Punkt

    Another point is; Can we please see the results of any simulations studies on such issuance reduction? What is the expected effect in best case and worst case scenario?

IMO miners right now are fairly disloyal and fungible creatures [EDIT: see my post here for a qualification of this comment]; they're very willing to jump between chains to maximize their profit, we saw this with ETH and ETC. Right now, ETH and ZEC both offer ~$3 per second (ETH is bigger, but ZEC is in a very rapid-inflation early phase). If issuance goes down to 2 ETH, then ETH starts to offer $1.2 per second. If no action on the ice age, including delaying it, is taken, then block time will increase ~4.5x by the end of the year, which will make ETH offer $0.7 per second.

[IncludeBeer]

did vitalik realy say miners are disloyal ?
https://www.reddit.com/r/ethereum/comments/5lfugz/eip_186_modified/?sort=top
quote from reddit:
[–]vbuterinJust some guy 14 Punkt

    Another point is; Can we please see the results of any simulations studies on such issuance reduction? What is the expected effect in best case and worst case scenario?

IMO miners right now are fairly disloyal and fungible creatures [EDIT: see my post here for a qualification of this comment]; they're very willing to jump between chains to maximize their profit, we saw this with ETH and ETC. Right now, ETH and ZEC both offer ~$3 per second (ETH is bigger, but ZEC is in a very rapid-inflation early phase). If issuance goes down to 2 ETH, then ETH starts to offer $1.2 per second. If no action on the ice age, including delaying it, is taken, then block time will increase ~4.5x by the end of the year, which will make ETH offer $0.7 per second.

Of course he said it.  What's the big deal?  We all know this as fact already.  Miners very typically pursue best profit.  It's the whole reason services like "WhatToMine" are so popular.  Some miners may keep mining on a chain because they believe future profits will be worth it, but that's a minority of typical miners.

[becoin]

Some miners may keep mining on a chain because they believe future profits will be worth it, but that's a minority of typical miners.

ETHF miners don't believe in future profits. They believe in current profits. They dump everything at the moment they mine it.