[ANN] Ethereum: Welcome to the Beginning

[zoose]

So, now that everyone knows Vitaly is just an autist; what's the next hype-coin to short? Some more R3 garbage coming?

You're terrible! I think you're reprehensible for coming at him so low.

Vitaly created something that is incredible, ETH is working through some issues right now but it is still a strong coin. If you don'y like the coin don't buy it but you don't have to be a scumbag.

[1714814371]

1714814371

[bitpop]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

[irixo10]

It is weakening it could return to 0.009

[nrg1zer]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

[bitpop]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

[tempus]

In case that here are some skilled Coders - submission deadline is today:





https://streams.lykke.com/Project/ProjectDetails/b134b15b54e745559f26c217bef5a2f8


Edit: There are also other contests running on Lykke Streams. For those who are interested:

New Contest & Collaboration Platform: Lykke Streams
https://bitcointalk.org/index.php?topic=1696092.0

[synthgauge]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

Should forks be justified by the need to eliminate issues in the code, ETC will have them too. vitalik is a weird guy though Im not sure if he personifies a criminal intent. Its not vitaliks coin after all, hes part of a bigger insider machine which has a lot of moving parts.

[bitpop]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

Should forks be justified by the need to eliminate issues in the code, ETC will have them too. vitalik is a weird guy though Im not sure if he personifies a criminal intent. Its not vitaliks coin after all, hes part of a bigger insider machine which has a lot of moving parts.

It's true that he's the public face and unfortunately the fall guy

[revelacaogr]

SWARM ALPHA PUBLIC PILOT AND THE BASICS OF SWARM


http://cryptocentral.info/topic/11/ethereum-eth-pow-pos-ethash/13

[thevictimofuktyranny]

Trolling Ethereum on this ANN makes no sense at all, because for all crypto coins too gain wider usage and acceptance requires a collective community spirit!

The facts are: that nearly all crypto coins go through cycles of high funding versus low funding.

Like economies, they enter recessionary conditions and then return to boom conditions. People, like too forget that all major crypto coins are created with inclusion of a large amount of economic theories.

In 2014 December, Bitcoin was trading on a recessionary cycle downwards towards $150 per coin. Today, it is trading in boom cycle towards $800. Consequently, in a mere 2 year period a huge downward recessionary cycle has change over upwards into a boom.

Ethereum is the 2nd biggest crypto coin and it too has been constructed with lots of economic theories, consequently people should expect the current recessionary cycle to finish and change over the next 24 months.

Turning too the POS: currently there is lot's of Ethereum on exchanges causing downwards speculative buys and sells - the POS value will greatly reduce these quantities as investor move their coins back to wallets for the 0% risk options a POS system.

Generally, any party which engages in investment or business enterprises, which don't include stress testing to survive recessionary conditions, has only themselves to blame!

[IncludeBeer]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

[bitpop]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

[revelacaogr]

worth read.....


How to spot a half-baked blockchain

http://bravenewcoin.com/news/how-to-spot-a-half-baked-blockchain/

[jay8291]

With POS, we will see constant downtrend, bcoz Top Holders will dump for Profit, until we see any development or uses that drive the price higher. Till then Downtrend will continue.

[thevictimofuktyranny]

With POS, we will see constant downtrend, bcoz Top Holders will dump for Profit, until we see any development or uses that drive the price higher. Till then Downtrend will continue.

I think you need too learn some mathematics, currently 1 million Ethereum are produce each month - this finishes in March 2017.

This equates to 33,333 ETH are produced each day and at a guess up too 70% are sold on each day or 23,333 ETH too investors.

Proof of stake at 1% per annum is 90,000 ETH, increasing in long rung with the effects of compound interest and some tapering too the 1% would be needed to make a price escalator.

7500, ETH a month,

This works out too 250 ETH a day!

Yeah, who is actually going to sit there and claim the crypto markets can't absorb 250 ETH each day? LOL


 

[bitpop]

With POS, we will see constant downtrend, bcoz Top Holders will dump for Profit, until we see any development or uses that drive the price higher. Till then Downtrend will continue.

I think you need too learn some mathematics, currently 1 million Ethereum are produce each month - this finishes in March 2017.

This equates to 33,333 ETH are produced each day and at a guess up too 70% are sold on each day or 23,333 ETH too investors.

Proof of stake at 1% per annum is 90,000 ETH, increasing in long rung, so the the 1% would need some modest reductions to not runaway with the effects of compound interest.

7500, ETH a month, which works out at 250 ETH a day!

Yeah, who actually going to sit there and claim the crypto market can't absorb 250 ETH each day? LOL


 

I agree, it's easy to absorb it as the price approaches $1

[thevictimofuktyranny]

With POS, we will see constant downtrend, bcoz Top Holders will dump for Profit, until we see any development or uses that drive the price higher. Till then Downtrend will continue.

The top 500 addresses own 30% of all Bitcoins - according too your argument they should be dumping there BTC?

Even, with Bitcoin on high price this year, they have only reduced their holdings buy 3%?

You are confused, some of those major investors in Bitcoin are also major investors in Ethereum. Ethereum is community project, it is supported by the major BTC holders.

[cryptoPrecise]

The genuinity of the 1K BTC wall to be tested?

[IncludeBeer]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

[bitpop]

ETC will have limited supply. Ethf has unlimited token supply, unlimited forks, unlimited inflation and pos will be the final nail in the coffin. Vitaly is a criminal.

What is the problem of POS? inflation?

That plus it's the definition of a ponzi. The top holders will get free tokens for life at the expense of new entrants and then constantly dump on new investors.

I don't think you know what a ponzi scheme is, then.

From Wikipedia: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Given this actual definition of a ponzie scheme, how exactly is PoS implementation on a public blockchain a ponzi, and how does that make "Vitaly a criminal"?

Note: I'm not expecting bitpop to actually be able to answer this.  Rarely, in the face of rational and logical reasoning, has he been able to say anything that amounts to more than just fud.

is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.

Care to answer any of those questions I posed bitpop? Or all you can do is repeat what I said?

It's the definition of a ponzi, there are no questions. And vitaly owning a ponzi makes him a criminal.