BitAddict
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April 13, 2015, 06:26:09 PM |
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I'm pretty bullish ethereum, but $1000/ether in 6 months is fucking insane.
The price must be in relation to demand for ethereum services random speculation. That should probably keep the price of ethers grounded to a reasonable level. Unless ethers are grossly underpriced in the beginning it will be hard to make 10-100x profit like in some other alts. FYP. In cryptoworld real demand for real use is probably less than 5%. The other 95% is speculation to earn money with it. So if you are looking for short term price after they launch it only matters how many people will speculate on it and how big. Nobody will care about real use in the start. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Fatman3001
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April 13, 2015, 06:44:47 PM |
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I'm pretty bullish ethereum, but $1000/ether in 6 months is fucking insane.
The price must be in relation to demand for ethereum services random speculation. That should probably keep the price of ethers grounded to a reasonable level. Unless ethers are grossly underpriced in the beginning it will be hard to make 10-100x profit like in some other alts. FYP. In cryptoworld real demand for real use is probably less than 5%. The other 95% is speculation to earn money with it. So if you are looking for short term price after they launch it only matters how many people will speculate on it and how big. Nobody will care about real use in the start. You might be right, but ether points isn't a regular cryptocurrency, it doesn't claim to be a general purpose currency. It is the fuel to run ethereum processes. It may be that a P&D scheme occurs, but if it gets to $1000/ether as is suggested in OP then there are people out there with insufficient intelligence to turn a door nob, but still able to buy alts. That would be an amazing discovery. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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Matt Y
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April 14, 2015, 02:22:23 AM
Last edit: April 18, 2015, 02:00:30 AM by Matt Y |
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A while back I read a post that said something along the lines of the less publicized a coin launch, the more the potential upside. In the case of Ethereum, you have the most public and well known coin launch ever, which means everyone who wanted some ether probably has it. It seems fairly likely that there will be a long period of flat or downward movement until there is an actual demand for ether, which could take quite a while. I think this will exacerbated by mining. All that said, I'm not up to date with how many apps are going to be ready to go or what their value may be. My timeline of how long it will take to have actual use cases could be way off and while I did not buy any ether, I do wish everyone who did the best.
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Heads-Tails
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April 18, 2015, 09:40:19 PM |
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" Visions, Part 1: The Value of Blockchain Technology Posted by Vitalik Buterin on April 13th, 2015. " One of the questions that has perhaps been central to my own research in blockchain technology is: ultimately, what is it even useful for? Why do we need blockchains for anything, what kinds of services should be run on blockchain-like architectures, and why specifically should services be run on blockchains instead of just living on plain old servers? Exactly how much value do blockchains provide: are they absolutely essential, or are they just nice to have? And, perhaps most importantly of all, what is the “killer app” going to be? https://blog.ethereum.org/2015/04/13/visions-part-1-the-value-of-blockchain-technology/ |
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nakaone
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April 18, 2015, 09:44:18 PM |
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All that said, I'm not up to date with how many apps are going to be ready to go or what their value may be.
I also would love to see a list of all the apps - I was looking through their forum but it was very clustered |
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coinits
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011110000110110101110010
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April 19, 2015, 12:52:37 AM |
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Peter Todd call this a school project with dysfunctional developers. Smart but dysfunctional. From the article: “They have very smart people on the team, but they aren’t focused at all. What they’re doing looks more like a research project than an serious effort to actually solve a real consumer problem.” The Ethereum project has good intentions. Many developers, including Todd, think more commercialized ventures will supercede Ethereum in the future. “I expect to see them produce some good ideas, but ultimately be out competed by simpler systems incorporating those ideas.” https://medium.com/zapchain-magazine/why-one-bitcoin-developer-thinks-cryptocurrencies-have-a-dreadful-future-93007cff1613Actually the out compete already exists. BURST coin has already implemented the features of smart contracts and automated transactions. FAIL |
Jump you fuckers! | The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers. | My sig space for rent for 0.01 btc per week.
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Kartaba
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April 19, 2015, 11:32:30 AM |
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Ive been in ico and have been waiting for a year or something now? or more? cant even remember... just plain ridiculous. Everytime i see vitaliks face or anyone from that team explaining ethereum etc i just say to myself... https://www.youtube.com/watch?v=ttzRUJGPIk4 |
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gorilo23
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April 20, 2015, 08:10:56 AM |
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All that said, I'm not up to date with how many apps are going to be ready to go or what their value may be.
I also would love to see a list of all the apps - I was looking through their forum but it was very clustered I just came across a project called "corona" seems they are going to build dapps, also on top of Ethereum they have a list of dapps they are going to build.. worth taking a look https://bitcointalk.org/index.php?topic=1005343.0 |
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HackaB321
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April 25, 2015, 03:32:56 PM |
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is there any reliable launch date?
ethereum looks (every day more) like the duke nukem forever of cryptos Glad to be wrong. |
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Fatman3001
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April 27, 2015, 07:13:45 AM |
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I see Frontier passed the 91% mark on Github. Stuff seems to be happening. Any thoughts on the remaining 9%? Any speedbumps? https://github.com/ethereum/go-ethereum/milestones |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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Fatman3001
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April 28, 2015, 05:42:26 PM |
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I think I'll pick up a couple of radeon cards soon. I am way too excited about this. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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LastRoby
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April 30, 2015, 04:54:42 AM |
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Fatman3001
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April 30, 2015, 05:00:03 AM |
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And 89% again. If it progresses like this we might get an announcement on the Frontier release within the next two months. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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rescueme
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May 06, 2015, 04:15:42 PM |
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Hi, I am investor in ethereum since last summer.
I thought there are not would be mining because I believed that the coins will be created to hand out to investors.
someone can explain me what I missed? Thanks
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LastRoby
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May 06, 2015, 05:04:23 PM |
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And 89% again. If it progresses like this we might get an announcement on the Frontier release within the next two months. Today 91%  |
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Fatman3001
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May 06, 2015, 07:56:46 PM
Last edit: May 10, 2015, 12:23:37 AM by Fatman3001 |
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Hi, I am investor in ethereum since last summer.
I thought there are not would be mining because I believed that the coins will be created to hand out to investors.
someone can explain me what I missed? Thanks
First of all, don't worry. In this thread there are mostly trolls and miners left, basically cavemen. If you go to this forum ( https://forum.ethereum.org/ ) you will find plenty of nice people ready to answer any questions you have. Initially there will be traditional mining for a year in order to get a proper network up and running. After that they will try to move over to what's called PoS (Proof of Stake as opposed to Proof of Work) mining, which, depending on the implementation, should mean that holders of large amounts of ether points, like yourself, would effectively be doing the mining. Just follow the link above and you will find lots of brainy people giving you a much better explanation. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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Fatman3001
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Make Bitcoin glow with ENIAC
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May 06, 2015, 08:00:51 PM |
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And 89% again. If it progresses like this we might get an announcement on the Frontier release within the next two months. Today 91% Holding off buying radeons. As I understand, GPU mining will not be ready at launch, so if I wait I can hopefully buy less power hungry next gen radeons by the time GPU mining is ready. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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LastRoby
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May 07, 2015, 04:43:04 AM |
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And 89% again. If it progresses like this we might get an announcement on the Frontier release within the next two months. Today 91% Now 94%!! |
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