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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1813619 times)
Alphi
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February 11, 2014, 01:31:57 PM
 #1281

the name Ethereum makes sense. Comes from latin Aether, Aetherum is just the "plural" of Aether, that means "heaven", "air", "sky", so it means, "many skies"... that's all Ethereum is about, endless possibilities, like many horizons, without a "set in stone" begin and end.

LOL seriously?  Roll Eyes

"Ethereum" comes from Blizzard Inc, World Of Warcraft.

http://www.wowhead.com/search?q=Ethereum

I honestly don't take anything that just picks a random name from a World of Warcraft game any serious. Didn't even have the creative energy to make their own unique name huh? Had to "borrow" it from a game.  Tongue

And almost 40% pre-mine goes straight to devs? This is just another freakin' "DevCoin". Same shit, different package + some scripting language built into it. God-syndrome infected Greed Extravagante Deluxe. (As in, "I'm the dev, and all your money are belong to me(TM).")

I'm not even going to touch the mountain of technical problems and security-loopholes regarding the built-in scripting engine inside ethereum-coin will create at all. I'll leave that to the miners who experience it first-hand. Good luck.  Grin


did it ever occur to you that WOW may have gotten their Ethereum from latin? I suppose you think WOW invented the idea of GOLD pieces too...
people who think Ethereum is such a sucky name probably are too young to remember this networking technology we used to have called Ethernet... oh wait.. its still there.. under all that TCPIP, WWW and LAN jargon...

as for mining... I'm happy to oblige.. just waiting for release so I can set my rigs onto it..

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
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There are several different types of Bitcoin clients. EWallets such as Coinbase are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
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bitcoin-world.de
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February 11, 2014, 01:40:20 PM
 #1282

When does mining start ?
Ursium
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February 11, 2014, 04:28:23 PM
 #1283

This is an interesting project.
I setup an eth server on a VPS and it is running fine. The windows eth application works well too.

There seems to be a problem with the windows alethzero.exe. When trying to run it, I get an error saying that libwinpthread-1.dll is missing.

Searching google did not show an answer on how to fix it.


A new windows build will be on the code.ethereum.org site tonight 2300 GMT at most. Cheers!

Ethereum Twitter: @ethereumproject - Blog: blog.ethereum.org - Forum: forum.ethereum.org - Github: github.com/ethereum
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February 11, 2014, 04:32:31 PM
 #1284

Will there be exchange sites for the testnet?

BTC: 1recatirpHBjR9sxgabB3RDtM6TgntYUW
Hold onto what you love with all your might, Because you can never know when - Oh. What you love is now gone.
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February 11, 2014, 04:43:26 PM
 #1285

the name Ethereum makes sense. Comes from latin Aether, Aetherum is just the "plural" of Aether, that means "heaven", "air", "sky", so it means, "many skies"... that's all Ethereum is about, endless possibilities, like many horizons, without a "set in stone" begin and end.
good to know!

well, latin is cool but it's a dead language and typically you only see pharma companies or hedge funds use these type of naming system, coz they want to shut publicity or enhance uniqueness  (like for medicines ) , which i believe it's not what "Ethereum" is about; at the end of the day, etheruem (damn, i couldn't spell it right each time i type it) is a "consumer product", only an "Apple" like name will get you home run, you know what i mean.

Ethrum or Etherum is easier for the masses.
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February 11, 2014, 09:12:15 PM
 #1286

Will there be exchange sites for the testnet?

I do not know for sure, but of course it's very likely, close to certain in fact, that the community will attempt to build decentralized exchanges at the earliest opportunity, including on the testnet.

Ethereum Twitter: @ethereumproject - Blog: blog.ethereum.org - Forum: forum.ethereum.org - Github: github.com/ethereum
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February 11, 2014, 10:03:32 PM
 #1287

Is this the Ethereum gameplan?

Hypothetical scenario

Right now in the US they are busy struggling with how best to regulate crypto-currencies.

These are the potential conclusions I think they will draw...

1. It is too hard to try to regulate the hundreds of crypto-currencies that are out there.
2. Banking compliance is a serious business and issuing bit-licenses and trying to monitor hundreds of new untrusted exchanges is not feasible.
3. Crypto-currencies have deflationary tendencies which run counter to most existing currencies.

The potential solution...

1. It might be possible to regulate 1 base crypto-currency on which other things can be built.
2. Only large existing retail/investment banks with sufficient experience in banking compliance can be trusted as exchanges.
3. A reasonably inflationary crypto-currency would be ideal.

How does Ethereum stack up?

1. Yes Ethereum could be the base crypto, lots of things can be built on top of it, but link back to it when you need to transfer out to fiat.
2. Large existing banks might already have an interest in Ethereum, there is a very large pre-mine, where is it going?
3. Ethereum is very inflationary.

Result...

'They' will decide Ethereum gives consumers the benefits of crypto-currencies while giving the regulators the ability to regulate it and  ensure there are as few bad actors as possible.

They will make it legal for on-line retailers to accept Ethereum as payment and they will make legal Ethereum to fiat exchanges, administered by large existing banks.
However moving to fiat or making online purchases with any other crypto-currency will be illegal.   

Some investment banks are incredibly powerful and influential with large global footprints, they will be able to help ensure this model is also adopted in many other countries. This could make Ethereum insurmountable

______________________________

This is only a hypothetical, but I came up with it because I thought the pre-mine and inflationary model was unattractive.
There's also not a lot of reason why people wouldn't fork Ethereum and create their own competing models with more attractive parameters. (less inflationary and no pre-mine.)

However Ethereum's inflationary model & large pre-mine (Which goes to?) would be appealing to TPTB.
By influencing regulations and laws in favour of Ethereum they could also ensure no competing models could threaten it.

Using this hypothesis, the way Ethereum is being approached starts to make a lot of sense.

Thoughts?



titan20
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February 13, 2014, 12:24:36 AM
 #1288

Is this the Ethereum gameplan?

Hypothetical scenario

Right now in the US they are busy struggling with how best to regulate crypto-currencies.

These are the potential conclusions I think they will draw...

1. It is too hard to try to regulate the hundreds of crypto-currencies that are out there.
2. Banking compliance is a serious business and issuing bit-licenses and trying to monitor hundreds of new untrusted exchanges is not feasible.
3. Crypto-currencies have deflationary tendencies which run counter to most existing currencies.

The potential solution...

1. It might be possible to regulate 1 base crypto-currency on which other things can be built.
2. Only large existing retail/investment banks with sufficient experience in banking compliance can be trusted as exchanges.
3. A reasonably inflationary crypto-currency would be ideal.

How does Ethereum stack up?

1. Yes Ethereum could be the base crypto, lots of things can be built on top of it, but link back to it when you need to transfer out to fiat.
2. Large existing banks might already have an interest in Ethereum, there is a very large pre-mine, where is it going?
3. Ethereum is very inflationary.

Result...

'They' will decide Ethereum gives consumers the benefits of crypto-currencies while giving the regulators the ability to regulate it and  ensure there are as few bad actors as possible.

They will make it legal for on-line retailers to accept Ethereum as payment and they will make legal Ethereum to fiat exchanges, administered by large existing banks.
However moving to fiat or making online purchases with any other crypto-currency will be illegal.   

Some investment banks are incredibly powerful and influential with large global footprints, they will be able to help ensure this model is also adopted in many other countries. This could make Ethereum insurmountable

______________________________

This is only a hypothetical, but I came up with it because I thought the pre-mine and inflationary model was unattractive.
There's also not a lot of reason why people wouldn't fork Ethereum and create their own competing models with more attractive parameters. (less inflationary and no pre-mine.)

However Ethereum's inflationary model & large pre-mine (Which goes to?) would be appealing to TPTB.
By influencing regulations and laws in favour of Ethereum they could also ensure no competing models could threaten it.

Using this hypothesis, the way Ethereum is being approached starts to make a lot of sense.

Thoughts?






This is very hypothetical. Cryptocurrencies are a thread for the banking sector and their earning model (fractional banking and interest). You are right that they are very powerful and will influence lawmaking. 'They' will decide on it if it is a benefit for them, not for the consumer. So in my opinion cryptocurrencies have a long way to go. But i believe that the governments that embrace new technology will win and governments that make beneficial new technology illegal will lose.



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AltcoinBull
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February 13, 2014, 02:33:37 AM
 #1289

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!

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February 13, 2014, 02:44:46 AM
 #1290

Oh I thought the public fundraising has begun  Cheesy However I will just buy ETH from official channel.
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February 13, 2014, 02:45:33 AM
 #1291

Just watched the Introduction video and I still don't understand anything, but it sounds exciting as shit and I'm willing to put my marbles into it.

SC: BTLeV8KdYieuBN9sQbaVwBqkeLHgrT8GHF
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February 13, 2014, 03:10:34 AM
 #1292

**** Official Ethereum QA thread ****

https://bitcointalk.org/index.php?topic=448923.0
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February 13, 2014, 11:24:33 AM
 #1293

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!



are you guys insane?
1K for 1btc?
If it is something like 10K for 1btc maybe
1K for 1btc? Nah...

Support DigiByte Smiley
DGB:DLLC7PPEZ7zxnB1RJd9hsvwr1HdJxFfGcb

this is a scam:
69.5 BTC

[/quote
lophie
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February 13, 2014, 11:49:47 AM
 #1294

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!



Where is the link from etherium.org to verify that this is legit?

Will take me a while to climb up again, But where is a will, there is a way...
surfer43
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February 13, 2014, 11:51:11 AM
 #1295

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!



Where is the link from etherium.org to verify that this is legit?
*ethereum.org
pabloangello
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February 13, 2014, 11:52:51 AM
 #1296

Why so high price? What is behind this price? Any details and explanations?
lophie
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February 13, 2014, 11:53:30 AM
 #1297

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!



Where is the link from etherium.org to verify that this is legit?
*ethereum.org

not a link to etherium.org a link ON etherium.org that verifies that this gateway is legit for the fund raising.

Will take me a while to climb up again, But where is a will, there is a way...
TinEye
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February 13, 2014, 11:56:06 AM
 #1298

I don't think this one is legit.



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surfer43
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February 13, 2014, 12:03:00 PM
 #1299

INVEST IN ETHEREUM NOW!

Ethereum is now available for 1000 ETH/ 1 BTC. Once ETH is launched by the developers, withdrawals become available.

Peercover.com (right side tab - Simple Gateway)!



Where is the link from etherium.org to verify that this is legit?
*ethereum.org

not a link to etherium.org a link ON etherium.org that verifies that this gateway is legit for the fund raising.
I know. But not etherium.org. Rather, ethereum.org  Smiley
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February 13, 2014, 12:03:20 PM
 #1300

I don't think this one is legit.
I don't either  Undecided
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