[ANN] Ethereum: Welcome to the Beginning

[dishku]

Ethereum is the new Bitcoin

Current growth is really impressive so I also think it's new Bitcoin and now people realizing this ETH has potential of growth so it will be more strong in future and it will get more strong.

[1715293616]

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[1715293616]

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[Johnny00]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

[agario]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

After PoS implementation a 0.8 % - 1 % annual inflation rate will be introduced to ensure the validators incentive and low tx fees. That inflation would not even be enough to cover for the lost and burned coins, so sorry but your statement is completely wrong and ignorant. Even if there are no lost coins, 1% annual inflation is ridiculously low in any economic model if you know a thing or two about economics and currency. Therefore Ether will not be currency. Stable coins on Ethereum will be the currencies and ether will simply be the fuel to run the network. If everything runs smoothly (which I highly doubt by the way) those 200 $ per ether would seem like peanuts. There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work. At a certain point the price of ether will most probably be on par with the price of Bitcoin - that is before the second dotcom bubble which will be even bigger and history will remember it as The Great Crypto Bubble Burst of 2020.   

[majestymage]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

After PoS implementation a 0.8 % - 1 % annual inflation rate will be introduced to ensure the validators incentive and low tx fees. That inflation would not even be enough to cover for the lost and burned coins, so sorry but your statement is completely wrong and ignorant. Even if there are no lost coins, 1% annual inflation is ridiculously low in any economic model if you know a thing or two about economics and currency. Therefore Ether will not be currency. Stable coins on Ethereum will be the currencies and ether will simply be the fuel to run the network. If everything runs smoothly (which I highly doubt by the way) those 200 $ per ether would seem like peanuts. There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work. At a certain point the price of ether will most probably be on par with the price of Bitcoin - that is before the second dotcom bubble which will be even bigger and history will remember it as The Great Crypto Bubble Burst of 2020.   

hehe..this is a cool answer

[becoin]

There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work.

That is exactly what I'm saying. If you have ETHc you don't need expensive fuel like ETHf.

[Johnny00]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

After PoS implementation a 0.8 % - 1 % annual inflation rate will be introduced to ensure the validators incentive and low tx fees. That inflation would not even be enough to cover for the lost and burned coins, so sorry but your statement is completely wrong and ignorant. Even if there are no lost coins, 1% annual inflation is ridiculously low in any economic model if you know a thing or two about economics and currency. Therefore Ether will not be currency. Stable coins on Ethereum will be the currencies and ether will simply be the fuel to run the network. If everything runs smoothly (which I highly doubt by the way) those 200 $ per ether would seem like peanuts. There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work. At a certain point the price of ether will most probably be on par with the price of Bitcoin - that is before the second dotcom bubble which will be even bigger and history will remember it as The Great Crypto Bubble Burst of 2020.   

They have been talking about POS for a long time now and still nothing. Just talk. right now there is unlimited supply. They are just pumping out coins and then once POS price will crash. When does POS start?

[Kelarid]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

After PoS implementation a 0.8 % - 1 % annual inflation rate will be introduced to ensure the validators incentive and low tx fees. That inflation would not even be enough to cover for the lost and burned coins, so sorry but your statement is completely wrong and ignorant. Even if there are no lost coins, 1% annual inflation is ridiculously low in any economic model if you know a thing or two about economics and currency. Therefore Ether will not be currency. Stable coins on Ethereum will be the currencies and ether will simply be the fuel to run the network. If everything runs smoothly (which I highly doubt by the way) those 200 $ per ether would seem like peanuts. There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work. At a certain point the price of ether will most probably be on par with the price of Bitcoin - that is before the second dotcom bubble which will be even bigger and history will remember it as The Great Crypto Bubble Burst of 2020.   

They have been talking about POS for a long time now and still nothing. Just talk. right now there is unlimited supply. They are just pumping out coins and then once POS price will crash. When does POS start?

The supply is unlimited, but the inflation rate will reduce year after year.

[Himanshu111]

I really loved your idea of giving coins directly to investors but the idea of unlimited coins will cause high inflation which will make it risky for investment.

[TeamButtcoin]

I really loved your idea of giving coins directly to investors but the idea of unlimited coins will cause high inflation which will make it risky for investment.

Yeahh, realy nice ideea but I don't agree with  "unlimited coins"  There it shoud be other options.

[NrX]

Ethereum for the first time was about to acquire 0.10 BTC but then it went down. Anyways it is not bad at all but in next rise it will be securing its place at above this milestone. After this psychological barrier will be crushed we will see quick increase towards 0.20 BTC.

[wallflies]

 

Important announcement about OKCoin

https://www.okcoin.com/t-387.html

OKCoin begins ETH trading on June 1, 2017!

 

[wallflies]

 

Recently, OKCoin users have taken interest in the development of Ethereum (ETH) and Ethereum Classic (ETC), and there is an increasing demand for OKCoin to enable ETH and ETC trading

Today, we are formally launching ETH on the OKCoin exchange

  ETC


 

[legati]

300 dollar in 2-3 days

[easyrimka]

what you think about this news
https://www.cryptoninjas.net/2017/05/28/chinese-exchange-huobi-list-ethereum-eth/

[Mrpumperitis]

Important announcement about OKCoin

https://www.okcoin.com/t-387.html

OKCoin begins ETH trading on June 1, 2017!

 

$20BILLION wow
    Ethereum     $20,000,308,932


okcoin, gd news but the timing makes me think hmmm..

http://www.newsbtc.com/2017/03/10/chinese-government-extend-ban/

Three main bitcoin exchanges — BTCC, Huobi, and OKCoin simultaneously announced the extension of withdrawal ban in the country. In a previous announcement, they had expressed hopes of resuming normal operations, minus the leveraged trading and lending services by March 15, 2017. Now, with no definite timeline, the Chinese cryptocurrency market is going through uncertain times.

According to a report on one of the business news outlets, the exchanges are going to continue imposing the withdrawal ban, preventing users from accessing their own cryptocurrency until the regulators approve the internal compliance upgrades. The announcement had an effect on Bitcoin’s price, leading to an immediate fall in price, which later recovered after few hours.

ETH will keep rising as chinese users move their btc to eth , but then what?  will they move eth out and dump it to get funds back?

i hope not, but it is somethin i think of just now.

i could be wrong on this, does anyone know more about china exchange regulation now?

[Rashid Ahmed]

24hr High
0.1028

Congratulate everyone!
Have fun!

[Yaremi]

Ethereum will be number 1!

yeah!

[wallflies]

 

[IncludeBeer]

The potential Ethereum is getting clearer to people! Just as Bitcoin stayed! There will come a time when Ethereum will not depend strictly on Bitcoin for value! What's not the case and what will happen if there is PoS?

Doesn't that worry you its unlimited supply and inflation may keep prices low? Or does no one care about that?

After PoS implementation a 0.8 % - 1 % annual inflation rate will be introduced to ensure the validators incentive and low tx fees. That inflation would not even be enough to cover for the lost and burned coins, so sorry but your statement is completely wrong and ignorant. Even if there are no lost coins, 1% annual inflation is ridiculously low in any economic model if you know a thing or two about economics and currency. Therefore Ether will not be currency. Stable coins on Ethereum will be the currencies and ether will simply be the fuel to run the network. If everything runs smoothly (which I highly doubt by the way) those 200 $ per ether would seem like peanuts. There would be a huge squeeze on the price probably hitting crazy highs before people realize that you don't need expensive fuel in order for the system to work. At a certain point the price of ether will most probably be on par with the price of Bitcoin - that is before the second dotcom bubble which will be even bigger and history will remember it as The Great Crypto Bubble Burst of 2020.   

They have been talking about POS for a long time now and still nothing. Just talk. right now there is unlimited supply. They are just pumping out coins and then once POS price will crash. When does POS start?

Please check out the Github (and other info sites:official forums, slack, etc.). Clearly, progress on PoS has been much more than "just talk". This is really the last place to be looking for updates on such info.

[deddod]

hip hip hura .....