[ANN] Ethereum: Welcome to the Beginning

[mickiya]

I'm an Ethereum holder, but this talk of 1 BTC to 1 ETH is really out there. For one, we are comparing apples and oranges here. I see BTC first as a store of value. Ethereum, at least for a while longer, is really going to be producing more Ethers. Maybe it can be a store of value but I think it much more likely that ETH fuels online apps and the store of value will come from a token written on top of Etherium. But I am open to the unexpected, a bit later down the road.

I do say we have no idea what is coming. I am really excited to see what will be built on top of Ethereum but also Bitcoin for that matter. For sure companies are getting behind Ethereum but a Billion dollars in investment went into the BTC infrastructure last year.

And if Ether are worth the same or more than BTC, that is ok, quite easy to cover yourself in that case. If you have 10 BTC, you can buy 10 Ether for a fraction of a BTC. There is your hedge.

In the end it will be about sharing though,
Its about sharing

You mentioned Ethereum can be a store of value with a token written on the of Ethereum. Can that token be bitcoin or other existing coin?

[1715349904]

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[dandruff1138]

ETH now at 6 usd. Crazy pump action going on. 

 7 usd wow  cool

The price is $4.9 now. Do you think it is cool? Even at this price, it is a big increase of the Ethereum for the last month.

Huuuuuge! ALmost scary fast.

[tobeaj2mer01]

I always hit the below error message when mining, could someone help me on it.

Creating one big buffer for the DAG
Allocating/mapping single buffer failed with: clCreateBuffer(-61). GPU can't all
ocate the DAG in a single chunk. Bailing.
clEnqueueWriteBuffer(-38)
  X  20:33:59|main  Failed to submit hashrate.
  X  20:33:59|main  Dynamic exception type: class jsonrpc::JsonRpcException
std::exception::what: Exception -32003 : Client connector error: libcurl error:
28 -> Operation timed out

JSON-RPC problem. Probably couldn't connect. Retrying in 1...
miner  20:34:12|main  Mining on PoWhash #93c3df63鈥?: 0 H/s = 0 hashes / 22.064
s

[ultrloa]

I always hit the below error message when mining, could someone help me on it.

Creating one big buffer for the DAG
Allocating/mapping single buffer failed with: clCreateBuffer(-61). GPU can't all
ocate the DAG in a single chunk. Bailing.
clEnqueueWriteBuffer(-38)
  X  20:33:59|main  Failed to submit hashrate.
  X  20:33:59|main  Dynamic exception type: class jsonrpc::JsonRpcException
std::exception::what: Exception -32003 : Client connector error: libcurl error:
28 -> Operation timed out

JSON-RPC problem. Probably couldn't connect. Retrying in 1...
miner  20:34:12|main  Mining on PoWhash #93c3df63鈥?: 0 H/s = 0 hashes / 22.064
s

You need a GPU with at least 2GB memory. The Catalyst version has to be 14.6 or higher. You need more than 4GB system memory for Windows.

[numismatist]

poloniex.com | 504: Gateway time-out

calm it down, please 

[Fatman3001]

poloniex.com | 504: Gateway time-out

calm it down, please 

I guess that means something is crashing hard. Hmmmm....

[tempus]

I've already tried to get more information and different views in the german section about Casper, but nobody replied there - just talking about the price. ;-)

I'm not a tech-guy and therefore it's kind of hard to understand the ETH-PoS-Solution deeply but I'm a little bit concerned about it. I found this:
http://bytemaster.github.io/2015/08/08/Review-of-Casper-Ethereums-proposed-Proof-of-Stake-Algorithm/

...and it makes sense. If he should be right, the system could lead into economically imbalances and into centralization.

What do you guys think about it? 


P.S.: No attempt to FUD. I still believe ETH is a great project but also still a little bit uncertain.

[tolikkk]

the celebration of the Chinese new year ended with what apparently and compare sucks air, all happy year of the fire monkey, which the wisdom and dedication, I hope that the year will bring and the acceleration of the development processes and people happiness and good luck, a turning point for the ether and for all the people associated with it and not familiar with the air with great purpose to become the Foundation of Finance for the next fifty years, a happy new year

[Fatman3001]

Does Vitalik even lift though?

He needs to start lifting and eating in order to build some muscle before I invest a cent.

That is not logical.

[loki0505]

polo exchange hella slow...looks like its getting flooded with new $$$

[loki0505]

Does Vitalik even lift though?

He needs to start lifting and eating in order to build some muscle before I invest a cent.

lol.....he maybe getting that protein in 

[illodin]

Does Vitalik even lift though?

He needs to start lifting and eating in order to build some muscle before I invest a cent.

I'd estimate he probably benches his own weight quite easily.

[Billyboy402]

ETH mining lotto group: https://bitcointalk.org/index.php?topic=1360004.topicseen .
98 spots left.
Daily jackpot ~50$ ( amount will increase if we will have more miners )
Minimum to join: 15 MH/s ( amd 270x and up )
You will be paid in BTC (but i can also pay you the jackpot in ETH ).
It's simple start mining for me and every day one miner will receive jackpot.

[markusyeti]

Question about http://www.myetherwallet.com

It says you can import your .json, can you decide how much of your stack you will transfer or does it import all your ethers at once?

[pawel7777]

I'm not up to date with ETH affairs - have they decided yet on the supply model? Will there be a hard cap like in BTC or will it be inflationary?

[zmhaha]

I'm not up to date with ETH affairs - have they decided yet on the supply model? Will there be a hard cap like in BTC or will it be inflationary?

This is the latest plan, to have a fixed supply. Everything is explained in this thread:

https://bitcointalk.org/index.php?topic=1345668.msg13750830#msg13750830

[numismatist]

polo exchange hella slow...looks like its getting flooded with new $$$

Hence the "504: Gateway time-out". In a way I exspected more load on Polo afterwards Crypsty biten the dust.
Consider moving to Kraken or Gatecoin, even if there's not the same Trollbox. Load ballancing.

[pawel7777]

I'm not up to date with ETH affairs - have they decided yet on the supply model? Will there be a hard cap like in BTC or will it be inflationary?

This is the latest plan, to have a fixed supply. Everything is explained in this thread:

https://bitcointalk.org/index.php?topic=1345668.msg13750830#msg13750830

"Fixed supply" is a very misleading term, what I'm looking for is whether ETH will be limited (like Bitcoin's 21m cap) or will it be unlimited with tiny inflation. Is there anything more recent than this post:

https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo

...
    what will be the inflation rate

Unknown. I'm aiming for 3-30x lower than PoW but we'll see.

In other words: is the 'Unknown' still unknown?

[cjmoles]

unreal volume. not just on polo, but all other exchanges.

Ethereum also has the largetst volume in Bitterex. The rise is supported by large volume.

Any idea of the next peak price? $10?

Ethereum keeps growing in volume on different exchanges. I have no doubt that it would reach $10 or more in the next months. Just wait for 1 or 2 years and you will see when 1 ETH will be equal to 1 BTC. Do you think this might be possible?  

Anyways, I think it is best to buy more ETH while you still can since I doubt that the price will go any lower. By the looks of it, seems that it will just keep going up and up all the way to the moon slowly but steady.  

no , in 1-2 years it could be 4btc for 1eth  
i posted this in another forum yesterday..


The btc tech is old. If you look at all digital technolgies they always have huge evolution progress every 5-10 years. BTC cant go much further, the journey is coming to an end.
Think, kazaa,limewire were awesome now we all use torrents.
Nokia was top of the mobile game now its apple
msn messenger,myspace were years ahead of the compettion now we all use facebook.
i could give examples all day long.

By 2023 we will be living in a very different world. Cryptographic money may be common, but the layman will not know that he's using it. This money, however, is not Bitcoin . After years of failing to adapt,to its rapidly advancing technological environment, BTC slowly fizzles out into obsolescence.
But the vision of Satoshi is not forgotten. The very meaning of the word "cryptocracy" is being flipped on it's head. The shadow government is loosing its grip on the people, cryptography and blockchain technologies are not only empowering people to take control of their wealth, but also to make their voices heard. True democracy is enabled through the means of provably fair voting systems and smart contracts. Now there is no need for trust, and thus no need for representatives. The people take back the power and are able to govern the world by majority consensus for the first time in history.
Bitcoin will go down in the history books as one of the first stepping stones to the new society. It is a pioneer and we learned a valuable lesson along the way: to once again never trust a single group with the control of the money supply.

https://www.tradingview.com/chart/BNC1/BLX/YFDnalUh-The-Road-to-Obsolescence-A-Seven-Year-Cycle-in-Bitcoin/        

I'm an Ethereum holder, but this talk of 1 BTC to 1 ETH is really out there. For one, we are comparing apples and oranges here. I see BTC first as a store of value. Ethereum, at least for a while longer, is really going to be producing more Ethers. Maybe it can be a store of value but I think it much more likely that ETH fuels online apps and the store of value will come from a token written on top of Etherium. But I am open to the unexpected, a bit later down the road.

I do say we have no idea what is coming. I am really excited to see what will be built on top of Ethereum but also Bitcoin for that matter. For sure companies are getting behind Ethereum but a Billion dollars in investment went into the BTC infrastructure last year.

And if Ether are worth the same or more than BTC, that is ok, quite easy to cover yourself in that case. If you have 10 BTC, you can buy 10 Ether for a fraction of a BTC. There is your hedge.

In the end it will be about sharing though,
Its about sharing

Augurs REPUTATION token had a 24 hr high of 0.9 BTC yesterday so it's not all that unimaginable to see ETH hit that same same mark:

https://www.reddit.com/r/Augur/comments/457qg5/rep_goes_up_to_09btc_per_unit_on_garecoin/

Afterall, Augur is using the Ethereum platform, so is it really ALL that far out there?

[zmhaha]

I'm not up to date with ETH affairs - have they decided yet on the supply model? Will there be a hard cap like in BTC or will it be inflationary?

This is the latest plan, to have a fixed supply. Everything is explained in this thread:

https://bitcointalk.org/index.php?topic=1345668.msg13750830#msg13750830

"Fixed supply" is a very misleading term, what I'm looking for is whether ETH will be limited (like Bitcoin's 21m cap) or will it be unlimited with tiny inflation. Is there anything more recent than this post:

https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08wo

...
    what will be the inflation rate

Unknown. I'm aiming for 3-30x lower than PoW but we'll see.

In other words: is the 'Unknown' still unknown?

I guess that unknown is still unknown and I don't know will supply ever be fixed. What I have gotten from my research is that Vitalik is for a tiny inflation at the moment while some other devs are more for fixed supply.