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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1871047 times)
bitcoin_age
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March 03, 2019, 09:27:55 PM
 #22841

wow ethereum works really fast the upgrade was great.
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March 03, 2019, 10:03:15 PM
 #22842

So was the hard fork Constantinople successful? There is no new announcement about it but we already passed the designated block.

You can't have successful hard fork with 2TB blockchain.


You got to be kidding me did the size of Ethereum blockchain data increase to more than 2TB after the fork?

No. He's referring to a myth. The actual blockchain size is not 2tb.

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March 03, 2019, 10:50:37 PM
 #22843

max. supply of ether is now 105,061,446.3125 , but according this article , is there going to be a max. supply 'forever'  ?  Roll Eyes

This is starting to get serious, the supply is now close to what Vitalik proposed as "maximum" months back. Hodlers will lose confidence in ETH, if the maximum supply is now decided and coded.
On the contrary ... i think, when there is a 'defined' max. supply, like on bitcoin, then it is more 'attractive'(especially) to hodlers ->
Adopting a maximum supply of ether coins would undoubtedly render Ethereum more attractive to investors.

Of course. If there is a fixed maximum supply, the investors do know when the coin will stop being dumped by the miners or stakers. In case of unlimited supply, there's no telling that when the dumping will stop!
We need hardcap supply and that should be the main point. To stop the dump from miners and give the more chance to the stakers to get their ethereum and that should become the best solution at this moment dude.


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encycrypto
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March 03, 2019, 11:08:39 PM
 #22844

max. supply of ether is now 105,061,446.3125 , but according this article , is there going to be a max. supply 'forever'  ?  Roll Eyes

This is starting to get serious, the supply is now close to what Vitalik proposed as "maximum" months back. Hodlers will lose confidence in ETH, if the maximum supply is now decided and coded.
On the contrary ... i think, when there is a 'defined' max. supply, like on bitcoin, then it is more 'attractive'(especially) to hodlers ->
Adopting a maximum supply of ether coins would undoubtedly render Ethereum more attractive to investors.

Of course. If there is a fixed maximum supply, the investors do know when the coin will stop being dumped by the miners or stakers. In case of unlimited supply, there's no telling that when the dumping will stop!
We need hardcap supply and that should be the main point. To stop the dump from miners and give the more chance to the stakers to get their ethereum and that should become the best solution at this moment dude.

Maximum supply and investors have nothing to do with the 'style' of emission like staking or mining. Investors want a fixed number so that they may know that at what point ethereum will become scarce.

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March 03, 2019, 11:48:27 PM
 #22845

max. supply of ether is now 105,061,446.3125 , but according this article , is there going to be a max. supply 'forever'  ?  Roll Eyes

This is starting to get serious, the supply is now close to what Vitalik proposed as "maximum" months back. Hodlers will lose confidence in ETH, if the maximum supply is now decided and coded.
On the contrary ... i think, when there is a 'defined' max. supply, like on bitcoin, then it is more 'attractive'(especially) to hodlers ->
Adopting a maximum supply of ether coins would undoubtedly render Ethereum more attractive to investors.

Of course. If there is a fixed maximum supply, the investors do know when the coin will stop being dumped by the miners or stakers. In case of unlimited supply, there's no telling that when the dumping will stop!
We need hardcap supply and that should be the main point. To stop the dump from miners and give the more chance to the stakers to get their ethereum and that should become the best solution at this moment dude.

Maximum supply and investors have nothing to do with the 'style' of emission like staking or mining. Investors want a fixed number so that they may know that at what point ethereum will become scarce.

i do really support if they had max.supply since inflation was really bad for hodler

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March 04, 2019, 06:04:30 AM
 #22846

Besides Bitcoin, most of any type of alts are centralized one way or another.

It also wasn't Vitalik's idea to reduce the issuance, it was the call of many of the other devs and they did it purely on the basis because the ice age was taking an affect on the block times.

I think what makes a coin more centralized is not the developers but the miners who build private efficient ASICs and can easily 51% attack the network, similiar to what happened with ETC a few months back. Basicallly hash power came out of nowhere.

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March 04, 2019, 06:27:49 AM
 #22847

After the Constantinople upgrade gas fees has suddenly reduced a lot. I think after upgrades like sharding, Plasma; ETH will offer a lot more speedy transactions and with negligible fees. I wonder what will be the USP of ETH clones at that time!

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March 04, 2019, 07:02:23 AM
 #22848

I did not see any changes after "The Constantinople upgraded", because there was no good enough innovation to encourage new drama in the crypto scope in 2019. I feel bored with the smartcontract platform that has no innovation at all, I only think after "The Constantinople upgrade "there will be a new drama that overflows. But that disappointed me

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March 04, 2019, 07:21:19 AM
 #22849

wow ethereum works really fast the upgrade was great.

How do you know? Their tranasctions speed was increased or no? How many TPS they have right now? Im curios, why team didnt announce this after hardfork...

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March 04, 2019, 08:17:56 AM
 #22850

I did not see any changes after "The Constantinople upgraded", because there was no good enough innovation to encourage new drama in the crypto scope in 2019. I feel bored with the smartcontract platform that has no innovation at all, I only think after "The Constantinople upgrade "there will be a new drama that overflows. But that disappointed me
What drama you are expecting, the upgrade is necessary and it's a big shift of network
If there is a drama, that should be prior to the fork but I only see some pump and dump when the schedule was approaching.

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March 04, 2019, 08:26:47 AM
 #22851

These upgrades were enhancing the capabilities and functionalities in protocol. We have to wait to see impact of all this work in future. We can say in simple world they provided structure for next level of development with this hard fork. Features they are intending will take take to activate and functional fully over the time. This upgrading will be used for next rise constantly.


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March 04, 2019, 09:18:10 AM
 #22852

max. supply of ether is now 105,061,446.3125 , but according this article , is there going to be a max. supply 'forever'  ?  Roll Eyes

This is starting to get serious, the supply is now close to what Vitalik proposed as "maximum" months back. Hodlers will lose confidence in ETH, if the maximum supply is now decided and coded.

Ethereum dosn't have a maximum cap, and since will transition to PoS it's a certain. However if the PoS reward will be fixed, Ethereum will be deflationary since the supply will go up but the reward will stay the same
Proof of stake will be best for ethereum since its acts like a super computer similar to android where you build your apps for playstore
since we have many operating system on phones Linux, Windows, Mac, Blackberry.  I feel ethereum will be Android of the internet money since all dapps are mostly built on Ethereum. Ethereum is not designed to be store of value but internet of value.  Our internet is the best example of Internet of value where you use internet and pay for using it.. similarly ethereum would be like that.
History has it we dont keep using same exact thing for centuries which is not perfect at all.. digital money is the way out of debt and  is futuristic and eventually goverment will covert ur fiat to digital money.. digital money is way better since it has track record and is done very systemically unlike fiat which is more anonymous then monero lol

Nobody knows the distribution and that can sometimes be a threat in a PoS blockchain as someone could in theory hold the majority of the voting power. I know it's unlikely, but not impossible.
voting power where did u get that lol as far as i know proof of stake is just a tech tat uses the coins to give u stakes in rewards..

In a sense you vote with your coins at stake on what the correct chain is. As a validator you cast a vote on the correctness of transactions. If you have a massive stake in the network you also have a massive say which transactions to include and which not.


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Iamtutut
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March 04, 2019, 09:41:04 AM
 #22853

I did not see any changes after "The Constantinople upgraded", because there was no good enough innovation to encourage new drama in the crypto scope in 2019. I feel bored with the smartcontract platform that has no innovation at all, I only think after "The Constantinople upgrade "there will be a new drama that overflows. But that disappointed me

Block time reduced, gas fees much lowered. So the blockchain is faster and cheaper.
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March 04, 2019, 10:16:03 AM
 #22854

I did not see any changes after "The Constantinople upgraded", because there was no good enough innovation to encourage new drama in the crypto scope in 2019. I feel bored with the smartcontract platform that has no innovation at all, I only think after "The Constantinople upgrade "there will be a new drama that overflows. But that disappointed me
What drama you are expecting, the upgrade is necessary and it's a big shift of network
If there is a drama, that should be prior to the fork but I only see some pump and dump when the schedule was approaching.

I agree. Besides the network upgrade should basically shield the end users of any technical stuffs and that it should be done not to create buzz or hype but to ensure  its long term survival by making it more robust through constant upgrades.

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March 04, 2019, 12:47:42 PM
 #22855

I did not see any changes after "The Constantinople upgraded", because there was no good enough innovation to encourage new drama in the crypto scope in 2019. I feel bored with the smartcontract platform that has no innovation at all, I only think after "The Constantinople upgrade "there will be a new drama that overflows. But that disappointed me
What drama you are expecting, the upgrade is necessary and it's a big shift of network
If there is a drama, that should be prior to the fork but I only see some pump and dump when the schedule was approaching.

bits me, wonder what kind of drama was he expecting to see after the upgrade, ohh! maybe he was expecting to see eth price blowing out of the roof and people start FOMOing to get in, the crypto community going crazy about the new eth ATH Grin  but since that did not happen, similar thinkers got disappointed Roll Eyes  well now he knows not every time there's is a fork you expect to see drama Undecided

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March 04, 2019, 02:12:26 PM
 #22856

If someone wants to ask questions about ethereum now at this moment -> https://www.reddit.com/r/ethereum/comments/ax5bkm/ethereum_magicians_meetup_in_paris_happening_now/
 Wink
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March 04, 2019, 02:29:43 PM
 #22857

I think it's interesting - In simple words about ETH inflation  Smiley

Here you can see a rough estimation of Ether issuance over the next years.



However, everything is dependent on the research and development of Eth 2.0.

Here is a rough timeline:

Phase 0: end 2019 - beginning 2020

Phase 1: 2020

Phase 2: Full sharding with cross-shard functinality 2021

When we have fully functional Eth 2.0 the issuance is dependent on the number of ETH staked. See here https://docs.ethhub.io/ethereum-basics/monetary-policy/#proof-of-stake-impact for more details.

Tldr: Inflation will go down significantly when Eth 2.0 is finished. Issunace rate then will be 0.17% - 0.5% yearly at most. Could be less with slashed ETH under PoS

https://www.reddit.com/r/ethtrader/comments/ax580i/in_simple_words_about_eth_inflation/
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March 04, 2019, 02:46:42 PM
 #22858

Reducing inflation almost half next year.
So, the big question is how the type of deflation will affect Ethereum price next year?
It's hard to say because it depends on both bitcoin and Ethereum, not only Ethereum itself.

However, I felt good about the growth of ETH next year.

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March 04, 2019, 02:55:27 PM
 #22859

It is good movement when correction is going on before the next big move and it is right time to pick more and make big profit in short time of period. Upgrade happened successfully which will push ETH to mainstream.
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March 04, 2019, 04:13:48 PM
 #22860

It is good movement when correction is going on before the next big move and it is right time to pick more and make big profit in short time of period. Upgrade happened successfully which will push ETH to mainstream.
Well Ethereum upgraded successfully, that's really good for Ethereum Users but still market not moving well even adagio down.
Market could go down more at some point but not sure, as you said right time to pick up Ethereum at this point.
If you want to buy at dip then wait for few days or observe market movement. Any time market could rise or dump suddenly.  Roll Eyes

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