[ANN] Ethereum: Welcome to the Beginning

[Fatman3001]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

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[BitmoreCoin]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

[Fatman3001]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

That sounds more like this:

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum is its own network. If Bitcoin collapses tomorrow Ethereum will not be affected.

[sammy007]

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

You can experiment in a testnet without buying anything.

[Denker]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

That sounds more like this:

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum is its own network. If Bitcoin collapses tomorrow Ethereum will not affected.

And vice versa.IF Ethereum collapses Bitcon will not be effected. So what is more likely to happen?

[Fatman3001]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

That sounds more like this:

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum is its own network. If Bitcoin collapses tomorrow Ethereum will not affected.

And vice versa.IF Ethereum collapses Bitcon will not be effected. So what is more likely to happen?

The point was simply that Ethereum is a completely separate network. It doesn't rely on the Bitcoin network in any way. It's not a pegged sidechain or similar.

[Eastwind]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

That sounds more like this:

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum is its own network. If Bitcoin collapses tomorrow Ethereum will not be affected.

So the functions of Ethereum can be replaced by Bitcoin. We have to make Ethereum big and attract more user base. However, it is still smaller than bitcoin at the moment.

If the developers stop dumping, the price might rise and attract new users.

[Ballache]

obvious price dump before major pump is obvious

[Fatman3001]

Ethereum is not a payment network. Please keep that in mind when you invest in eth. There is no good reason why eth should be priced as high as it is now as long as its funtionality isn't fully implemented.

You can buy eth if you believe in the future of the platform, if you want to experiment with the network, or if you want to develop programs for it.

I thought that Ethereum = bitcoin +smart contract network.

That sounds more like this:

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum is its own network. If Bitcoin collapses tomorrow Ethereum will not be affected.

So the functions of Ethereum can be replaced by Bitcoin. We have to make Ethereum big and attract more user base. However, it is still smaller than bitcoin at the moment.

If the developers stop dumping, the price might rise and attract new users.

If you need ethereum, then the price is far from unreasonable. But I wouldn't put anything of value on the network as it is. It needs to mature. The user base should come when(if) the mist browser is available to ordinary users. The biggest problem at the moment is that the devs held too much of their funds in a volatile asset that just happened to take a nosedive.

[TrueAnon]

Watching ETH on polo is fun lol, bots going non stop with big btc support at like 156k or whatever it was I noticed...then also someone holding down the buys with 7btc for sells lol.  Manipulation much?

[Blazin8888]

ETH will fall to 1 cent. Poor investors...Poor ETH.
Project is close to bankrupt now. Ethereum is brilliant and probably every bit as revolutionary as Dash, albeit with a different niche. It's really sad to see that it's almost back down to the presale price ($0.42 right now; presale price was about $0.30). The have just suffered so severely from mismanagement and delays that it's going to take awhile for confidence to recover--if they don't run out of money first.

Vitalik is a true genius in every sense of the word, but he's far too naive and inexperienced to run a business or manage others, IMO. Under his leadership, Ethereum lost $9 million (half of its original funding) by not selling its bitcoin holding at higher prices.  Vitalik has said that he was afraid if he sold too quickly and damaged the bitcoin price, that bitcoiners would hate him. He literally lost $9 million because he was afraid some people wouldn't like him!!! (With a daily volume in excess of $10 million per day, there's no reason the Ethereum Foundation couldn't have unloaded $18 million worth in 2-3 months with minimal impact on the price. They would have lost some, as the price was trending downwards the whole time, but they wouldn't have lost nearly as much.)

Not only was the endowment severely mismanaged, but the project was overly-ambitious and fraught with delays from the beginning. According to what I've read on their reddit, developers would barely talk to each other for the longest time, and there was no sort of project management structure in place. Instead of focusing on getting one implementation coded and out the door, they divided their resources amongst three different implementations. While this reaped rewards in terms of security and helped them stop a number of bugs from being released into the wild, it also drained their resources three times as fast and led to innumerable delays.

Originally Ethereum was expected to be developed in less than a year; in reality they missed several self-imposed deadlines (including the infamous "March 20") and finally launched at the very end of June (2015), almost eighteen months after beginning their project. The ether awards Vitalik promised to early contributors were based on his expectation that the project would take less than a year to launch, so in the end, those who left early ended up getting "paid" a disproportionately high amount.

Ethereum lost it's CEO (Charles Hoskinson) and it's CCO (Stephen Tual) left after the overpaying early contributers debacle. Vitalik only recently relinquished one of this seats on the Foundation Board, but up until a few months ago he held enough votes to veto anything that the rest of the board proposed.

Now with the declining value of ether, added to the overpayment of early contributors and their losses on bitcoin depreciation, the entire project is in peril. They are very, very close to insolvent--so much so that Vitalik posted on the Ethereum Blog that they would only be able to work on the core protocol and that all "middleware" would have to be developed by the community itself.

I have a sinking feeling that they will go bankrupt very soon, which is tragic. With all the delays in the initial "Frontier" beta release, I doubt they will make it to "Homestead" (the middle phase), and almost certainly not to "Metropolis" (full release with GUI, etc.).

Genius, mismanaged, is a terrible tragedy.

***Full disclosure: I invested in the Ethereum presale and made a profit from it. I no longer hold any ether--I sold the first day because of the aforementioned management issues.

[Fatman3001]

@Blazin8888

I still think there is a lot of potential in the ethereum project. We've seen that they've caught the attention of the Big Leagues with companies like IBM and Samsung developing new concepts around ethereum. So their decision to leave middleware to the community might be an opportunity to engage a broader set of developers; if done right. Even the Bitcoin Foundation couldn't stay afloat, and Bitcoin is far from dead. The decision to focus on core might hopefully give the network and the code time to mature enough so that this bird can fly on its own once the funding runs out.

All my respect to you for supporting this project, and good to hear that you turned a profit as well!!!

[Piston Honda]

ETH will fall to 1 cent. Poor investors...Poor ETH.
Project is close to bankrupt now. Ethereum is brilliant and probably every bit as revolutionary as Dash, albeit with a different niche. It's really sad to see that it's almost back down to the presale price ($0.42 right now; presale price was about $0.30). The have just suffered so severely from mismanagement and delays that it's going to take awhile for confidence to recover--if they don't run out of money first.

Vitalik is a true genius in every sense of the word, but he's far too naive and inexperienced to run a business or manage others, IMO. Under his leadership, Ethereum lost $9 million (half of its original funding) by not selling its bitcoin holding at higher prices.  Vitalik has said that he was afraid if he sold too quickly and damaged the bitcoin price, that bitcoiners would hate him. He literally lost $9 million because he was afraid some people wouldn't like him!!! (With a daily volume in excess of $10 million per day, there's no reason the Ethereum Foundation couldn't have unloaded $18 million worth in 2-3 months with minimal impact on the price. They would have lost some, as the price was trending downwards the whole time, but they wouldn't have lost nearly as much.)

Not only was the endowment severely mismanaged, but the project was overly-ambitious and fraught with delays from the beginning. According to what I've read on their reddit, developers would barely talk to each other for the longest time, and there was no sort of project management structure in place. Instead of focusing on getting one implementation coded and out the door, they divided their resources amongst three different implementations. While this reaped rewards in terms of security and helped them stop a number of bugs from being released into the wild, it also drained their resources three times as fast and led to innumerable delays.

Originally Ethereum was expected to be developed in less than a year; in reality they missed several self-imposed deadlines (including the infamous "March 20") and finally launched at the very end of June (2015), almost eighteen months after beginning their project. The ether awards Vitalik promised to early contributors were based on his expectation that the project would take less than a year to launch, so in the end, those who left early ended up getting "paid" a disproportionately high amount.

Ethereum lost it's CEO (Charles Hoskinson) and it's CCO (Stephen Tual) left after the overpaying early contributers debacle. Vitalik only recently relinquished one of this seats on the Foundation Board, but up until a few months ago he held enough votes to veto anything that the rest of the board proposed.

Now with the declining value of ether, added to the overpayment of early contributors and their losses on bitcoin depreciation, the entire project is in peril. They are very, very close to insolvent--so much so that Vitalik posted on the Ethereum Blog that they would only be able to work on the core protocol and that all "middleware" would have to be developed by the community itself.

I have a sinking feeling that they will go bankrupt very soon, which is tragic. With all the delays in the initial "Frontier" beta release, I doubt they will make it to "Homestead" (the middle phase), and almost certainly not to "Metropolis" (full release with GUI, etc.).

Genius, mismanaged, is a terrible tragedy.

***Full disclosure: I invested in the Ethereum presale and made a profit from it. I no longer hold any ether--I sold the first day because of the aforementioned management issues.

100% agreed

there's a chance it CAN come out nicely out of this but it'll take a lot.

[Oscilson]

The so called Ethereum foundation can shrink its role and let community do most of the job. This will save some money.

[fydel]

ETH will fall to 1 cent. Poor investors...Poor ETH.
Project is close to bankrupt now. Ethereum is brilliant and probably every bit as revolutionary as Dash, albeit with a different niche. It's really sad to see that it's almost back down to the presale price ($0.42 right now; presale price was about $0.30). The have just suffered so severely from mismanagement and delays that it's going to take awhile for confidence to recover--if they don't run out of money first.

Vitalik is a true genius in every sense of the word, but he's far too naive and inexperienced to run a business or manage others, IMO. Under his leadership, Ethereum lost $9 million (half of its original funding) by not selling its bitcoin holding at higher prices.  Vitalik has said that he was afraid if he sold too quickly and damaged the bitcoin price, that bitcoiners would hate him. He literally lost $9 million because he was afraid some people wouldn't like him!!! (With a daily volume in excess of $10 million per day, there's no reason the Ethereum Foundation couldn't have unloaded $18 million worth in 2-3 months with minimal impact on the price. They would have lost some, as the price was trending downwards the whole time, but they wouldn't have lost nearly as much.)

Not only was the endowment severely mismanaged, but the project was overly-ambitious and fraught with delays from the beginning. According to what I've read on their reddit, developers would barely talk to each other for the longest time, and there was no sort of project management structure in place. Instead of focusing on getting one implementation coded and out the door, they divided their resources amongst three different implementations. While this reaped rewards in terms of security and helped them stop a number of bugs from being released into the wild, it also drained their resources three times as fast and led to innumerable delays.

Originally Ethereum was expected to be developed in less than a year; in reality they missed several self-imposed deadlines (including the infamous "March 20") and finally launched at the very end of June (2015), almost eighteen months after beginning their project. The ether awards Vitalik promised to early contributors were based on his expectation that the project would take less than a year to launch, so in the end, those who left early ended up getting "paid" a disproportionately high amount.

Ethereum lost it's CEO (Charles Hoskinson) and it's CCO (Stephen Tual) left after the overpaying early contributers debacle. Vitalik only recently relinquished one of this seats on the Foundation Board, but up until a few months ago he held enough votes to veto anything that the rest of the board proposed.

Now with the declining value of ether, added to the overpayment of early contributors and their losses on bitcoin depreciation, the entire project is in peril. They are very, very close to insolvent--so much so that Vitalik posted on the Ethereum Blog that they would only be able to work on the core protocol and that all "middleware" would have to be developed by the community itself.

I have a sinking feeling that they will go bankrupt very soon, which is tragic. With all the delays in the initial "Frontier" beta release, I doubt they will make it to "Homestead" (the middle phase), and almost certainly not to "Metropolis" (full release with GUI, etc.).

Genius, mismanaged, is a terrible tragedy.

***Full disclosure: I invested in the Ethereum presale and made a profit from it. I no longer hold any ether--I sold the first day because of the aforementioned management issues.

Very good analysis. Thank you.

[sangoku]

Don't forget

Ethereum Developer Conference DEVCON1 in London
November 9th – 13th, 2015
https://devcon.ethereum.org/

[AltcoinScamfinder]

ETH will fall to 1 cent. Poor investors...Poor ETH.
Project is close to bankrupt now. Ethereum is brilliant and probably every bit as revolutionary as Dash, albeit with a different niche. It's really sad to see that it's almost back down to the presale price ($0.42 right now; presale price was about $0.30). The have just suffered so severely from mismanagement and delays that it's going to take awhile for confidence to recover--if they don't run out of money first.

Vitalik is a true genius in every sense of the word, but he's far too naive and inexperienced to run a business or manage others, IMO. Under his leadership, Ethereum lost $9 million (half of its original funding) by not selling its bitcoin holding at higher prices.  Vitalik has said that he was afraid if he sold too quickly and damaged the bitcoin price, that bitcoiners would hate him. He literally lost $9 million because he was afraid some people wouldn't like him!!! (With a daily volume in excess of $10 million per day, there's no reason the Ethereum Foundation couldn't have unloaded $18 million worth in 2-3 months with minimal impact on the price. They would have lost some, as the price was trending downwards the whole time, but they wouldn't have lost nearly as much.)

Not only was the endowment severely mismanaged, but the project was overly-ambitious and fraught with delays from the beginning. According to what I've read on their reddit, developers would barely talk to each other for the longest time, and there was no sort of project management structure in place. Instead of focusing on getting one implementation coded and out the door, they divided their resources amongst three different implementations. While this reaped rewards in terms of security and helped them stop a number of bugs from being released into the wild, it also drained their resources three times as fast and led to innumerable delays.

Originally Ethereum was expected to be developed in less than a year; in reality they missed several self-imposed deadlines (including the infamous "March 20") and finally launched at the very end of June (2015), almost eighteen months after beginning their project. The ether awards Vitalik promised to early contributors were based on his expectation that the project would take less than a year to launch, so in the end, those who left early ended up getting "paid" a disproportionately high amount.

Ethereum lost it's CEO (Charles Hoskinson) and it's CCO (Stephen Tual) left after the overpaying early contributers debacle. Vitalik only recently relinquished one of this seats on the Foundation Board, but up until a few months ago he held enough votes to veto anything that the rest of the board proposed.

Now with the declining value of ether, added to the overpayment of early contributors and their losses on bitcoin depreciation, the entire project is in peril. They are very, very close to insolvent--so much so that Vitalik posted on the Ethereum Blog that they would only be able to work on the core protocol and that all "middleware" would have to be developed by the community itself.

I have a sinking feeling that they will go bankrupt very soon, which is tragic. With all the delays in the initial "Frontier" beta release, I doubt they will make it to "Homestead" (the middle phase), and almost certainly not to "Metropolis" (full release with GUI, etc.).

Genius, mismanaged, is a terrible tragedy.

***Full disclosure: I invested in the Ethereum presale and made a profit from it. I no longer hold any ether--I sold the first day because of the aforementioned management issues.

How are they bankrupt when they had funing for another 7 months about 1 month ago? Do you have anything but FUD to spread or should we just invest in Dash cause its so much better and not at all instamined by devs? /sarcasm

[cjmoles]

Well, all I can say is, "Keep the FUD coming fellas!" (SMILE)  I'm not a rich man so I like the low prices....more, more, more....keep the dumpers dumping and I will keep my bag open!  There's too much time, effort, and money involved for this project to fail.  Add to that all the brain power that the project has attracted, and  we can bet money it wont fail.  Maybe that will be one of the first predictions Augur will predict....hmmm???

[cryptothreads]

Hello Ethereum!

I'm opening up a crypto only accepting t-shirt store and wanted to see if anyone wanted to come up with some Ethereum designs for shirts and I'll go ahead and make them 

I'm just around , hit me up here or PM with the design you would like to see on a t-shirt! Thanks!

bitcoin and altcoins accepted ?

Correct. Bitcoin and a dozen or so altcoins. Ethereum is one of them.

So nobody here has a ETH design they would like to see on a t-shirt ?

If you come up with one you can get it free on a shirt . Thanks!

[BitmoreCoin]

If the Eth price keeps stable and even rising slowly, we will be happy and not complaining. There are too many issues with Ethereum (Foundation). It is strange that the mining difficulty has not dropped much. Most miners are mining at a loss. They still have hope.