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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1975213 times)
overthetop2011
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July 23, 2014, 07:32:36 AM
 #1561

What the use of ether coin?

I can not figure out the profitable model of holding the coin.

thoughts?


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1634774673
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dzarmush
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July 23, 2014, 07:34:55 AM
 #1562

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

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July 23, 2014, 07:39:30 AM
 #1563

Holy crap, they got 1000 BTC more over the last hour.

6,272,778 ETH sold | 3136 BTC

Eadeqa
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July 23, 2014, 07:41:05 AM
 #1564

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

Also, it depends on adoptability. If it's  adopted at wider level, miners are not necessarily going to dilute it, as the adoption rate could be higher than coins generated by miners. I am going to invest anyway, even though it could be risky.

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newuser01
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July 23, 2014, 07:46:38 AM
 #1565

I can't find any information on the mining

Will it be PoW?
hamiltino
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July 23, 2014, 07:46:46 AM
 #1566

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

If you want to make your calculations more accurate...  take into consideration that at the end of the first year there will be an additional 26% ETH created (total ETH distributed through the ether sale * 1.26);  this process will continue the following years as well.

Doesn't the ether distribution go down every year.

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hamiltino
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July 23, 2014, 07:47:23 AM
 #1567

I can't find any information on the mining

Will it be PoW?

They are still working on the algorithm but it will be POW or POW/POS.

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Forobitcoins
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July 23, 2014, 07:48:40 AM
 #1568

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

I don't think the pre-sale can be profitable for investors.

I don,t see

Sorry for my broken English XD
newuser01
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July 23, 2014, 07:51:27 AM
 #1569

I have a hard time seeing how this could be a good investmente
BigOrangeBee
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July 23, 2014, 07:52:30 AM
 #1570

I think some posters here need to do more research on their own, ethereum is not new, it's been in development for a long time now. There is plenty of information on the net about the developers, their past projects, etc. They are some of the most popular and well-known people in the cryptocurrency realm.

What most people, including me, who are used to throw-away type altcoins and have grown so skeptical and cynical, don't understand...is...ethers are not coins. They are tokens to be used to "rent space" or complete any action on the ethereum blockchain. Ethereum is a programming language which allows developers to build applications on a decentralized internet.

For example, you have a website...your website is hosted on somebody's server. But if you have a website hosted on Ethereum, your website exists on the blockchain. It's decentralized and updated through the mining process.

For those who think Ethereum is a coin, its not. It aims to be the beginning of the next generation of internet, where the entire internet exists on a blockchain, everybody pays a little ether for every action they make online, and the whole net is supported by mining ether the same way the "bitcoin ledger" is supported and updated by mining bitcoin.

There probably will be no immediate or short-term gains. But it might be something you can buy and give to your children and grandchildren.
mcjavar
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July 23, 2014, 07:55:39 AM
 #1571

I think some posters here need to do more research on their own, ethereum is not new, it's been in development for a long time now. There is plenty of information on the net about the developers, their past projects, etc. They are some of the most popular and well-known people in the cryptocurrency realm.

What most people, including me, who are used to throw-away type altcoins and have grown so skeptical and cynical, don't understand...is...ethers are not coins. They are tokens to be used to "rent space" or complete any action on the ethereum blockchain. Ethereum is a programming language which allows developers to build applications on a decentralized internet.

For example, you have a website...your website is hosted on somebody's server. But if you have a website hosted on Ethereum, your website exists on the blockchain. It's decentralized and updated through the mining process.

For those who think Ethereum is a coin, its not. It aims to be the beginning of the next generation of internet, where the entire internet exists on a blockchain, everybody pays a little ether for every action they make online, and the whole net is supported by mining ether the same way the "bitcoin ledger" is supported and updated by mining bitcoin.

There probably will be no immediate or short-term gains. But it might be something you can buy and give to your children and grandchildren.

I want to make millions of USD with short-term investments (I know I won´t) and give that to my children. Smiley
hamiltino
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July 23, 2014, 07:56:19 AM
 #1572

I think some posters here need to do more research on their own, ethereum is not new, it's been in development for a long time now. There is plenty of information on the net about the developers, their past projects, etc. They are some of the most popular and well-known people in the cryptocurrency realm.

What most people, including me, who are used to throw-away type altcoins and have grown so skeptical and cynical, don't understand...is...ethers are not coins. They are tokens to be used to "rent space" or complete any action on the ethereum blockchain. Ethereum is a programming language which allows developers to build applications on a decentralized internet.

For example, you have a website...your website is hosted on somebody's server. But if you have a website hosted on Ethereum, your website exists on the blockchain. It's decentralized and updated through the mining process.

For those who think Ethereum is a coin, its not. It aims to be the beginning of the next generation of internet, where the entire internet exists on a blockchain, everybody pays a little ether for every action they make online, and the whole net is supported by mining ether the same way the "bitcoin ledger" is supported and updated by mining bitcoin.

There probably will be no immediate or short-term gains. But it might be something you can buy and give to your children and grandchildren.

That's a very bold statement to make that there will probably be no immediate or short term gains. You can't justify that.

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hamiltino
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July 23, 2014, 07:59:18 AM
 #1573

I also need to remind people that it is in everyone's interest to prevent you from investing if they invested in the pre-sale, it means they get a bigger slice of the pie. So be careful with believing in any ones posts.

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rapport
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July 23, 2014, 07:59:36 AM
 #1574

I understand Ether is not a coin, it's a basically a token to use on the Ethereum blockchain in order to initiate any implementation.
Is that basically correct?

What methods will be available for determining Ether value (in BTC or fiat) after the Ether pre-sale is finished, and what avenues will be available to sell Ether for BTC or fiat after the pre-sale is finished. Will Ether be traded on exchanges?


I still hope to get a direct answer to my question: How, where, and when can ethers be sold back to bitcoin or fiat?

You can be sure there will be exchanges that will add ether so that they can profit from trading fees

edit: formatting
GTO911
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July 23, 2014, 08:00:41 AM
 #1575

No cap? Send as much as you can? With the rate this is going i forsee atleast 20000 BTC.

No immediate returns guys, wait 10 years to see something significant
rapport
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July 23, 2014, 08:04:03 AM
 #1576

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

If that's true (and I believe it is) why doesn't everyone wait until the deadline to purchase?

My guess is those people are afraid that Ethereum might stop the sale early, or change the terms to be less favorable.  But doing that will damage trust so seems unlikely to happen.
hamiltino
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July 23, 2014, 08:04:21 AM
 #1577

No cap? Send as much as you can? With the rate this is going i forsee atleast 20000 BTC.

No immediate returns guys, wait 10 years to see something significant


20000 btc marketcap would put them in 10th position. If you believe they will have a higher position than that at a 20k btc pre-sale, then that is profit.

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bigj
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July 23, 2014, 08:08:53 AM
 #1578

I have a hard time seeing how this could be a good investmente

Me too. To me it seems there is no real information given on their website about what's coming. Almost all information given targets the presale Sad The video is crap and a little suspicious. The numbers on their site cannot be verified (you get an empty BTC wallet address when you try to buy ETH - Bitshares did it much better/more transparent!).

Short, it looks like a big birthday party for the devs - and only for the devs: "We reserve the right to use up to 5000 BTC from the pre-sale while the pre-sale is running in order to speed up development." WTF!
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July 23, 2014, 08:09:15 AM
 #1579

Guys you really have to deliver. If you don't you may kill crypto.  Regulators will be all over this if it fails.
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July 23, 2014, 08:12:09 AM
 #1580

Can I buy ether multiple times from the same email address?

Or do I need to make one bulk purchase?

Thanks,

You can buy multiple times; same email should be ok.  But each time you buy, you will get another wallet.
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