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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1113755 times)
gutshot5820
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January 26, 2014, 01:21:48 AM
 #321

You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
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stuhlman
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January 26, 2014, 01:24:38 AM
 #322

You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.

 Grin I'll add that in chapter two thanks.

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gutshot5820
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January 26, 2014, 01:29:18 AM
 #323

You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.

 Grin I'll add that in chapter two thanks.
lo
Yup and thanks for the very descriptive visual description.  It is now very firmly planted in my mind and I cant get it out of my head. lol

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
que23
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January 26, 2014, 02:18:20 AM
 #324


. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?

cybnate26
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January 26, 2014, 02:37:55 AM
 #325


. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?


Offtopic:
Yes, you can.
1. Download client at peercoin.net (optional: read white paper)
2. Buy Peercoins from one of the many exchanges (see www.peercoin.net)
3. Have client/wallet online regularly and 1% interest over the amount of Peercoins will be added automatically once in a while averaging 1%/year.
More details can be found on the forum: peercointalk.org. Or just post your specific questions in the forum.

http://www.peercointalk.org/index.php?action=refferals;refferedby=28779

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que23
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January 26, 2014, 03:32:14 AM
 #326


. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?


Offtopic:
Yes, you can.
1. Download client at peercoin.net (optional: read white paper)
2. Buy Peercoins from one of the many exchanges (see www.peercoin.net)
3. Have client/wallet online regularly and 1% interest over the amount of Peercoins will be added automatically once in a while averaging 1%/year.
More details can be found on the forum: peercointalk.org. Or just post your specific questions in the forum.

http://www.peercointalk.org/index.php?action=refferals;refferedby=28779

So is the whole entire blockchain working to do this one thing, or can it do more? With Ethereum, creating a distributed dropbox is easy, and you can do a thousand other things too. Name coin, for instance, can be done with 5 lines of code on Ethereum. Do you think there is a way that peercoin can integrate with Ethereum?
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January 26, 2014, 03:39:20 AM
 #327

With Ethereum, creating a distributed dropbox is easy, and you can do a thousand other things too.

Name coin, for instance, can be done with 5 lines of code on Ethereum.

Well it seems someone certainly watched the introduction video   Grin
Matt Y
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January 26, 2014, 03:59:42 AM
 #328

The year is 2016, gutshot5820 is revealed as the biggest investor in the under funded, yet wildly successful, Ethereum currency. The cryptocurrency community collectively facepalms around the world.

msin
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January 26, 2014, 04:53:14 AM
 #329


They are NXTers. And low tier to boot.  They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

Actually, most Ether followers hate Nxt.  Nxt had an IPO of 21 BTC (1 BTC was from the founder).  The creator (BCNext) didn't allow anyone to invest more than 1BTC.  Most people were skeptical, called it a scam, so they didn't invest and he launched Nxt.  Then everyone screamed that the distribution was unfair and they didn't have enough time to invest.  Personally, I don't like large public IPO's for crypto's, it's lame, if it's POW, it should be launched for free and mined.  POS is tricky, because it has to be launched all at once, I don't think any POS will have a small IPO after Nxt.  Regardless, I'll avoid Ether, it's going to be killed by greed.
LeoC
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January 26, 2014, 04:54:28 AM
 #330

Posts about Ethereum will be flagged as off topic. This thread is to discuss public sanitation in restrooms and feces masking as flatulence.
stuhlman
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January 26, 2014, 05:32:33 AM
 #331

Posts about Ethereum will be flagged as off topic. This thread is to discuss public sanitation in restrooms and feces masking as flatulence.

 Grin Thank you was waiting for someone to bring back some sanity into this, sidetracking the subject into Proof of Work while we were clearly speaking of Proof Of Steak and the aftermath. Thanks Leo.

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mehransaam
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A small medium at large.


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January 26, 2014, 05:48:43 AM
 #332

To bring back sanity to this discussion, this is why Ethereum needs all the money they will raise. All power to them. Vitalek please use the money wisely and stay in charge of Ethereum fully and all the way.

http://blog.ethereum.org/?p=53/ethereum-now-going-public

"We will be able to develop fully functional and robust Ethereum clients with as little as 500 BTC funding with current rates; basic implementations in Go, C++ and Python are coming close to testnet quality already. However, we are seeking to go much further than that. Ethereum is not "just another altcoin"; it is a new way forward for cryptocurrency, and ultimately for peer-to-peer protocols as a whole. To that end, we would like to be able to invest a large quantity of funds into securing top-notch talent for improving the security and scalability of the Ethereum network itself, but also supporting a robust Ethereum ecosystem hopefully bringing other cryptocurrency and peer-to-peer projects into our fold. We are already well underway in talks with KryptoKit, Humint and OpenTransactions, and are interested in working with other groups such as Tahoe-LAFS, Bitmessage and Bitcloud as well.

All of these projects can potentially benefit from integrating with the Ethereum blockchain in some fashion, simply because the layer is so universal; because of its Turing-completeness, an Ethereum contract can be constructed to incentivize nearly everything, and even entirely non-financial uses such as public key registration have extremely wide-reaching benefits for any decentralized cryptographic product that intends to include, for example, a social network. All of these projects will add great value to the Ethereum ecosystem, and the Ethereum ecosystem will hopefully add great value to them. We do not wish to compete with any organization; we intend to work together.

Throughout the fundraiser, we will be working hard on development; we will release a centralized testnet, a server to which anyone can push contracts and transactions, very soon, and will then follow up with a decentralized testnet to test networking features and mining algorithms. We also intend to host a contest, similar to those used to decide the algorithms for the Advanced Encryption Standard (AES) in 2005 and SHA3 in 2013, in which we invite researchers from universities around the world to compete to develop the best possible specialized hardware-resistant, centralization-resistant and fair mining algorithms, and will also explore alternatives such as proof of stake, proof of burn and proof of excellence. Details on this will be further released in February.

Finally, to promote local community development, we also intend to create public community hubs and incubators, which we are tentatively calling "holons", in several cities around the world. The first holon will be based inside of Bitcoin Decentral in Toronto, and a substantial portion of Ethereum development will take place there; anyone who is seriously interested in participating heavily in Ethereum should consider giving us a visit over the next month. Other cities we are looking into include San Francisco, Amsterdam, Tel Aviv and some city in Asia; this part of the project is still in a very early phase of development, and more details will come over the next month."
[/b]
td services
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January 26, 2014, 05:52:48 AM
 #333

Posts about Ethereum will be flagged as off topic. This thread is to discuss public sanitation in restrooms and feces masking as flatulence.

 Grin Thank you was waiting for someone to bring back some sanity into this, sidetracking the subject into Proof of Work while we were clearly speaking of Proof Of Steak and the aftermath. Thanks Leo.

So what does PoS stand for?
tk808
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January 26, 2014, 05:54:19 AM
 #334

1 sentence Summary of the Ethereum discussions so far:



Ethereum - Welcome to the END



OP needs to come and have a Q&A, some serious PR needs to happening right now

bitcool
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January 26, 2014, 06:09:43 AM
 #335

60 days IPO sounds good enough.
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Bitcoin is new, makes sense to hodl.


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January 26, 2014, 06:17:03 AM
 #336

Mining starts after iPo or along side with iPo?
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January 26, 2014, 06:23:35 AM
 #337

I do not understand one thing. If the inflation is going to be maintained at a 0%, does it mean that Ether coin price will never increase? Sorry if the question is nonsense but do not understand economics so much ... less in the context of cryptocurrencies. If the answer is yes, then buying Ether anytime is just fine, right? (expect for the fact that fiat value is depreciating everyday)
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January 26, 2014, 06:51:36 AM
 #338

Write a FAQ ASAP!
http://wiki.ethereum.org/index.php/FAQ   <--- this is empty....

Also I cannot access the blog.
So I wasn't able to read about the said specific PoS that will be used.
More centralized information on this hybrid PoW/PoS is urgent. Ratio, etc.


PS: nobody care and it will certainly not be changed, but to my personal taste:
Higher reward on the first week is way too low.
60 days IPO is way too long.
dtothemt
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January 26, 2014, 06:56:17 AM
 #339

I'm a very procedural programmer, so I am having trouble wrapping my head around your contracts system because it seems to be very abstract.

Can you please explain in more detail (preferably with an example) of how to make a useful contract in more of a real world scenario? Since it obviously can't do anything useful inside the ethereum network without also communicating outside of the network?
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January 26, 2014, 07:00:40 AM
 #340

I'm a very procedural programmer, so I am having trouble wrapping my head around your contracts system because it seems to be very abstract.

Can you please explain in more detail (preferably with an example) of how to make a useful contract in more of a real world scenario? Since it obviously can't do anything useful inside the ethereum network without also communicating outside of the network?

In the first part of this series, we talked about how the internet allows us to create decentralized corporations, automatons that exist entirely as decentralized networks over the internet, carrying out the computations that keep them “alive” over thousands of servers. As it turns out, these networks can even maintain a Bitcoin balance, and send and receive transactions. These two capacities: the capacity to think, and the capacity to maintain capital, are in theory all that an economic agent needs to survive in the marketplace, provided that its thoughts and capital allow it to create sellable value fast enough to keep up with its own resource demands. In practice, however, one major challenge still remains: how to actually interact with the world around them.

http://blog.ethereum.org/?p=10/bootstrapping-a-decentralized-autonomous-corporation-part-i
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