[ANN] Ethereum: Welcome to the Beginning

[Zeta0S]

We need a simple wallet. Mist sucks.

[child_harold]

We need a simple wallet. Mist sucks.

could you elaborate? how does Mist suck?

[child_harold]

I shall play devil's advocate, as is my want.
Ive heard tell that 1500 ETH is the min amount for staking rewards in the future of ETH PoS
Now people r talking PoS pools

My comment: this is bullshit and the "thin end of the wedge". It's a peer-to-peer system, right? no more "masternodes" in a dual-tier system, right?? FFS  

Comments? ty

Yeah, I wouldn't be surprised if 1500 is the minimum, would make sense given current supply.  POS pools will be popular because even with 1500 you will forge one block every year or so (using other POS coins as example).  I'm more interested in "when" ETH is switching to POS and how that will affect new supply as I'm assuming it will be a hybrid POW/POS for a while.

I'm unclear to me as to why there is a minimum requirement at all. I have never known of any PoS coin to have such a minimum requirement and that it is set at over $1500 (with ETH over a buck) seems a bit rich. Additionally it seems to me PoS pools would inevitably lead to greater centralization, particularly if staking larger amounts skews the rewards (which it might not)

I dont get this decision and am unfamiliar with the technical justification for making it.
Could somebody enlighten me?

[Casabrandy]

I shall play devil's advocate, as is my want.
Ive heard tell that 1500 ETH is the min amount for staking rewards in the future of ETH PoS
Now people r talking PoS pools

My comment: this is bullshit and the "thin end of the wedge". It's a peer-to-peer system, right? no more "masternodes" in a dual-tier system, right?? FFS  

Comments? ty

Yeah, I wouldn't be surprised if 1500 is the minimum, would make sense given current supply.  POS pools will be popular because even with 1500 you will forge one block every year or so (using other POS coins as example).  I'm more interested in "when" ETH is switching to POS and how that will affect new supply as I'm assuming it will be a hybrid POW/POS for a while.

I'm unclear to me as to why there is a minimum requirement at all. I have never known of any PoS coin to have such a minimum requirement and that it is set at over $1500 (with ETH over a buck) seems a bit rich. Additionally it seems to me PoS pools would inevitably lead to greater centralization, particularly if staking larger amounts skews the rewards (which it might not)

I dont get this decision and am unfamiliar with the technical justification for making it.
Could somebody enlighten me?

I think it is a bad idea to set up a minimum amount for staking. It will remove many many users.

[Timeline]

We need a simple wallet. Mist sucks.

I find Mist simple and easy to use. I have used it a couple of times without any problems.

[malekbaba]

i downloaded several wallet (.exe) files for my windows. But it does not work. Help me . How do i get a working wallet ? or correct me if I am making any mistake

[FiniteByDesign]

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[fuze0000]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

[loki0505]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Can you break this down for newbs.  What does that mean?  thanks bud

[msin]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Exactly why they will have POS pools for those with less than 1500ETH

[child_harold]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Exactly why they will have POS pools for those with less than 1500ETH

Has anybody ever heard of a PoS pool before? Is this inspired by Ethereum?

[msin]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Exactly why they will have POS pools for those with less than 1500ETH

Has anybody ever heard of a PoS pool before? Is this inspired by Ethereum?

Yes, Nxt had several "Forging" pools that were run by trusted members.  They are the benchmark for POS in my opinion.  I'd imagine the same market will develop if/when ETH goes POS.

[ldw-com]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Exactly why they will have POS pools for those with less than 1500ETH

Has anybody ever heard of a PoS pool before? Is this inspired by Ethereum?

Yes, Nxt had several "Forging" pools that were run by trusted members.  They are the benchmark for POS in my opinion.  I'd imagine the same market will develop if/when ETH goes POS.

It's going good as it is right now. No idea why it should go to POS. That's only positive for the big bagholders.

[loki0505]

what are the positives as a buyer if I own 1500 ETHS?

[msin]

1500 ETH aka $1500 at least if you want to POS.  Good luck with getting that to be mainstream.

Exactly why they will have POS pools for those with less than 1500ETH

Has anybody ever heard of a PoS pool before? Is this inspired by Ethereum?

Yes, Nxt had several "Forging" pools that were run by trusted members.  They are the benchmark for POS in my opinion.  I'd imagine the same market will develop if/when ETH goes POS.

It's going good as it is right now. No idea why it should go to POS. That's only positive for the big bagholders.

POS has many advantages over POW and makes more sense when working with a crypto like ETH, which focuses more on high volume transactions.

[Mrpumperitis]

few things, first how much does it cost to mine btc, buying an asic? how much does it cost for ltc asics? how much does it cost for dash masterbatenode?,lol all three cost way more than what it would cost for staking with ether@current prices and they offer users alot less than what eth offers. id say the people moaning about the 1500 have never owned an asic or MN.

incase you dont know, almost every pos coin begins with a pow phase, eth is no different, there will be a time period this yr when both pow/pos will be running for eth (hybrid)
if you dont understand the benefits pos brings to network security,tx speed (and a few negatives) go here https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/
If you want to learn why things are the way they are with ether , go here https://blog.ethereum.org/author/vitalik-buterin/

Now you can sit and moan about the 1500 all you want but as time passes and we get nearer the BTC halving. There is going to be alot of miners leaving the POW coins...eth will be another option for them...the fomo will kick in and most people will be priced out of staking themselves ( just like btc mining today ) and they will end up joining pos mining pools.

ETH is going places this yr and if the trade volume stays the way it is just now or gets higher (which it will) then i can see some major exchanges adding it.
If you think $1500 is overpriced now, just wait till pos actually kicks in lol u will 

[issie81]

few things, first how much does it cost to mine btc, buying an asic? how much does it cost for ltc asics? how much does it cost for dash masterbatenode?,lol all three cost way more than what it would cost for staking with ether@current prices and they offer users alot less than what eth offers. id say the people moaning about the 1500 have never owned an asic or MN.

incase you dont know, almost every pos coin begins with a pow phase, eth is no different, there will be a time period this yr when both pow/pos will be running for eth (hybrid)
if you dont understand the benefits pos brings to network security,tx speed (and a few negatives) go here https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/
If you want to learn why things are the way they are with ether , go here https://blog.ethereum.org/author/vitalik-buterin/

Now you can sit and moan about the 1500 all you want but as time passes and we get nearer the BTC halving. There is going to be alot of miners leaving the POW coins...eth will be another option for them...the fomo will kick in and most people will be priced out of staking themselves ( just like btc mining today ) and they will end up joining pos mining pools.

ETH is going places this yr and if the trade volume stays the way it is just now or gets higher (which it will) then i can see some major exchanges adding it.
If you think $1500 is overpriced now, just wait till pos actually kicks in lol u will 

is this 1500 ETH for POS active now or is it just a planning from ETH?
how can we do POS reward with 1500 ETH?

[Mrpumperitis]

From what i heard its around sept 2016, watch the devcon stuff , its all there.


http://coinjournal.net/vitalik-buterin-speaks-about-the-ethereum-foundation-proof-of-stake-and-more/

DeMartino: You mentioned that at the end of 2016 is the time where you can last with the current funding when you get the cost down, what do you see is the most critical task for the Foundation to get done during that time?

VB- "This is one of the things that I want to listen to the community to. What people in the community are basically saying [so far]. The top priority is making sure the protocol keeps getting developed and getting things like proof-of-stake and scalability and zero-knowledge proof upgrades out the door."

macro MIN_DEPOSIT: 1500 * 10**18

macro MAX_DEPOSIT: 60000 * 10**18

https://github.com/ethereum/pyethereum/blob/serenity/ethereum/casper.se.py#L9


heres a few new developments with eth    http://www.coindesk.com/2016-blockchain-reality-deloitte/

https://blog.slock.it/partnering-with-safeshare-to-create-the-ad-hoc-insurance-of-the-sharing-economy-77462163ab91#.at1uqea9v

btw reddit is the best place to get eth tech info progress and analysis

[vreausieu]

Hey guys!what wallet for windows do you recomend(or maybe an online wallet)??i want to buy some eth but i don't know what wallet should i use.I was reading that some wallets are scams...that't why I am asking for your opinion!thanks!

[Timeline]

Hey guys!what wallet for windows do you recomend(or maybe an online wallet)??i want to buy some eth but i don't know what wallet should i use.I was reading that some wallets are scams...that't why I am asking for your opinion!thanks!

Mist is easy to use. It's a gui wallet others a command line wallets and harder to use.