[ANN] Ethereum: Welcome to the Beginning

[Killerpotleaf]

Is it worth investing in the Etherium in 2018? This is the main question of the person who saw the growth of the value of the Ethereum crypto currency in 2017. For those who do not know, the cost of one ETH in early 2017 was 8.5 dollars, and by the end of the year, this cost was about $ 700 apiece.The future of the Ether depends on the speed of development of its competitors, such as Cardano, and the success of the startups already started on its platform.

But, in comparison with bitcoin and other altcoyins, Ether has one advantage. Demand for it is constantly supported, thanks to a number of ICOs selling their tokens based on the ERC20 protocol, which can only be purchased for the Ether.

Some companies have already launched their earlier versions of projects on the Etherium platform. At the moment, as a platform for projects Etherium is beyond competition. Perhaps NEO or Waves will catch up with him. But this takes time.

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[thevictimofuktyranny]

Is it worth investing in the Etherium in 2018? This is the main question of the person who saw the growth of the value of the Ethereum crypto currency in 2017. For those who do not know, the cost of one ETH in early 2017 was 8.5 dollars, and by the end of the year, this cost was about $ 700 apiece.The future of the Ether depends on the speed of development of its competitors, such as Cardano, and the success of the startups already started on its platform.

But, in comparison with bitcoin and other altcoyins, Ether has one advantage. Demand for it is constantly supported, thanks to a number of ICOs selling their tokens based on the ERC20 protocol, which can only be purchased for the Ether.

Some companies have already launched their earlier versions of projects on the Etherium platform. At the moment, as a platform for projects Etherium is beyond competition. Perhaps NEO or Waves will catch up with him. But this takes time.

Nobody is going to catch up with Ethereum - the network has the majority of programmers and coders either directly on the network via the Ethereum Foundation and related project partners or indirectly on the network through ICOs launched over the past few years.

That is to say: it simply has more programmers and coders than everyone else.

Currently, the Ethereum Foundation has to re-establish its authority and governance credentials in the crypto-currency marketplace by stamping out the unauthorized and hostile launch of ASIC mining hardware.

The one fact, all investors, and miners have known for the last 2-3 years is that the Ethereum Foundation is in charge!

Now that authority and governance is being openly challenged by ASIC manufacturers - who are more or less saying they are in charge of Ethereum through controlling the supply of mining hardware.

The Ethereum Foundation needs to re-prove its authority and governance, by pushing the ASICs manufacturer off the network and re-proving to investors and miners they are in charge.

What the ASIC manufacturers have planned to take control of Ethereum, is to sell ASICs to miners for payments in Ethereum, then the ASIC manufacturers will dump this Ethereum and produce faster ASICs. They will rinse and repeat this until the Ethereum Foundation surrenders its authority and governance to the ASIC manufacturers in return for an end to the ASIC manufacturers dumping of Ethereum into the exchanges.

I, personally, would prefer the ongoing authority and governance of Ethereum Foundation over the network, then the authority and governance of ASIC manufacturers.

[Hatuferu]

Is it worth investing in the Etherium in 2018? This is the main question of the person who saw the growth of the value of the Ethereum crypto currency in 2017. For those who do not know, the cost of one ETH in early 2017 was 8.5 dollars, and by the end of the year, this cost was about $ 700 apiece.The future of the Ether depends on the speed of development of its competitors, such as Cardano, and the success of the startups already started on its platform.

But, in comparison with bitcoin and other altcoyins, Ether has one advantage. Demand for it is constantly supported, thanks to a number of ICOs selling their tokens based on the ERC20 protocol, which can only be purchased for the Ether.

Some companies have already launched their earlier versions of projects on the Etherium platform. At the moment, as a platform for projects Etherium is beyond competition. Perhaps NEO or Waves will catch up with him. But this takes time.

Closer to the competition I guess is NEO, waves have their time but their tokens are not growing unlike what we with ETH tokens.
Eventually there will be more to come and the competition will get bigger but I would still bet on ETH to be on top.

[jtalk]

At least in next couple of year Ethereum has no competitor which can challenge it's supremacy over ERC-20 tokens. There will be lot of competitors in future but if they are underdevelopment Ethereum is also being upgraded with enhanced features. Scaling issue is one of the basic which will be resolved as well in future. Ethereum is like engine for whole ERC-20 tokens which moves with its blocks. This is enough to understand the importance and role of Ethereum in whole economy.

[Viscore]

At least in next couple of year Ethereum has no competitor which can challenge it's supremacy over ERC-20 tokens. There will be lot of competitors in future but if they are underdevelopment Ethereum is also being upgraded with enhanced features. Scaling issue is one of the basic which will be resolved as well in future. Ethereum is like engine for whole ERC-20 tokens which moves with its blocks. This is enough to understand the importance and role of Ethereum in whole economy.

Indeed, ETH has already been moving fast, ERC-20 tokens is the trend now for most project that runs their ICO.
What we are seeing now is a correction, price dump hard but nothing should be taken seriously because we are in crypto and volatility
is high and those who understands the project will hold.

[zahidmoon]

At least in next couple of year Ethereum has no competitor which can challenge it's supremacy over ERC-20 tokens. There will be lot of competitors in future but if they are underdevelopment Ethereum is also being upgraded with enhanced features. Scaling issue is one of the basic which will be resolved as well in future. Ethereum is like engine for whole ERC-20 tokens which moves with its blocks. This is enough to understand the importance and role of Ethereum in whole economy.

Indeed, ETH has already been moving fast, ERC-20 tokens is the trend now for most project that runs their ICO.
What we are seeing now is a correction, price dump hard but nothing should be taken seriously because we are in crypto and volatility
is high and those who understands the project will hold.

yes at the current situation of the crypto market only holders will get benifits and sellers will regret
but what if prices will goes more down and then smart beings will start buyings
i made one decision and that is i am holding everything that i have but if the price will go down more then i will buy more and hold until prices will touch again ATH

[m3ndi3]

ETH is the best now as well as perfectly fits here however there are countless projects upon eth system nowdays.

[inthelongrun]

Ethereum needs to make some changes, otherwise it will really be surpassed by EOS.

By EOS? They say Cardano is the major rival of both Ethereum and EOS. What do you think who will win the race?

Too early to tell now especially that crypto is still in early stage where one single solid partnership can catapult itself at the top. But the of course Ethereum will stay as favorite. I am more keen on a possible Ethereum take over as the top crypto.

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[thevictimofuktyranny]

Ethereum Core Devs Meeting #36

Vitalik says: "he does not want to do anything about ASICs"

And, "The community has put forward easy changes to remove ASICs from the network in a draft proposal". (EIP)

Though, it appears he has been misinformed about the nature of the ASICs because they clearly show a modified Raspberry PI or similar product on the unit for the OS.

This does tend to prove they are not computers. Vitalik appears to be under the impression that these ASICs are actual computers, therefore somebody has been misinforming Vitalik.

Therefore, it is fixed hardware ASIC chip, with large amounts of Ram (memory) needed to mine Ethereum. And, it very easy to remove from the network and the community already knows how to do this.

Example A:

Antminer L3+

Sold at $2100 per unit, when the price of Litecoin was high and this equipment had limited availability.

Sold at $1200 per unit, when the price of Litecoin had halved and this equipment was commonplace.

Sold at $800 per unit, when the price of Litecoin at 33% of its peak price and equipment is the oversupplied.

As a forecast - sold at $600 per unit, when the price of Litecoin is obliterated and equipment is abundantly wasteful.

Example B:

RX 580 8GB hard sealing on the price per unit $260

RX 580 4GB hard sealing on the price per unit of £220

RX 570 4GB hard sealing on the price per unit of $180

GTX 1070 8GB hard sealing on the price per unit of $400

GTX 1060 6GB hard sealing on the price per unit of $260

GTX 1060 3GB hard sealing on the price per unit of $199

Below this price point POW profitability, GPU miners will be priced out the market and stop buying mining hardware.

The principal economic difference between GPU POW mining and ASIC POW mining is the GPUs units have a hard sealing at which the unit will not be bought by POW miners that is above the costs of manufacturing. ASICs are cheap to make and have no other users and will drop down by 70-80% of their launch prices to keep being made and sold.

Therefore, you can see the current Ethereum ASIC being sold later this year $200 until a more powerful ASIC for Ethereum is produced. Every ETH collect will get dumped to fund more ASIC production.

[acquafredda]

ASICs and unlimited (uncapped so far) supply could lead to Ethereum's death. I understand this a working progress project aren't all of them like this?) but actions should be taken in order to avoid the slow death of this ecosystem.

[thevictimofuktyranny]

ASICs and unlimited (uncapped so far) supply could lead to Ethereum's death. I understand this a working progress project aren't all of them like this?) but actions should be taken in order to avoid the slow death of this ecosystem.

Well, it seems the ASICs manufacturers and those with exclusive options on buying the mining hardware before everyone else is spamming the internet with stuff about their ASICs not being ASICs, but being computers.

This is impossible to do cheaply - AMD X64 is IPs. Intel X86 is IPs. An ARM has lots of IP. RX Vega and Polaris have ATI/RTG/AMD IPs. Nvidia Maxwell and Pascal architectures have lots of IPs.

Regardless, of what you do - you will need to do license agreements for this IPs from companies to build a computer. None of these companies have been approached by ASIC manufacturers for IP licensing. So, how are they going to build a computer to mine Ethereum by making a cheap computer?

All they are making is ASICs.

[mandibleclaw]

Ethereum doesn't need Asics if it will go full PoS anyway. However, it was only just a matter of time that somebody come up with an Asic for ethash in my opinion

[Angel Di]

Now many already openly speak about transition of a coin to POS. And here as well as in any normal community of opinion disperse as always. Someone for and someone against. In general I think positive dynamics of the price is expected. But how many it will be interesting to cost a coin this year?

[thevictimofuktyranny]

Ethereum doesn't need Asics if it will go full PoS anyway. However, it was only just a matter of time that somebody come up with an Asic for ethash in my opinion

From the Ethereum Core Devs Meeting #36

The Casper POS, they want to move to a 2nd testnet and complete auditing and bug testing.

However, the entire point of the current generation of algorithms design structure is to make it easy to do forks and remove ASICs.

And, there is current draft EIP from the community, which would remove these new ASICs from the network.

[Petersha]

Reply by Vitalik
https://twitter.com/VitalikButerin/status/982194680258486273?s=19

[Nightz]

Don't look at so called analysts but use your own mind for decision taking on anything. Ethereum will be second most effective market after Bitcoin continuously and has no immediate danger from any market. Just see its usage level and projects depending solely on Ethereum before even thinking any project having few ICO's can replace it. It isn't going to happen in couple of  years at least.

Analysts like to panic. The facts show that most projects are launched on the Etherium platform. Many platforms are already making their smart contracts, but these projects still need to catch up with the popularity of Etherium. Etherium, too, will not stand on the spot, there is a constant development of the platform.

And even if analysts panic you don't know whether they do it because they think the market will dive or whether they do it to buy cheaper.

I know that Etherium is gaining momentum and is becoming more popular. The team is constantly improving Etherium in technical terms. Many projects will soon launch their product on this platform. I also know that Eth has grown very much in a year. The entire market also grew sharply. Now there is a correction of the market. A year ago the Eth token cost $ 20.

Nonetheless if you read posts across the forum you start thinking that people are either completely new to crypto or they forgot where we come from. $20 per ETH a year ago. Many people wish they would have the chance again but they know they won't, and then they call a project dead. Contradiction, huh?

yes eth is coming more popular but its also true that its price is going down like BTC
and eth price affect with BTC price because BTC is base crypto but
if eth cross btc. there is alot of chances to eth cross BTC
look at this artical news on CCN
https://www.ccn.com/analyst-predicts-bitcoin-price-drop-2800-year/
really bitcoin could drop 2800$ this year ?

Nobody knows as technology has become much more volatile as a whole. In its early days a good technology lasted for decades. That might be a thing of the past as there are new developments very frequently and strong research is going on in all different directions. I think blockchain is extremely strong and here to stay for a good while, but do we know for sure? Do we know that Ethereum is the ultimate solution to everything? I don't. We got to wait and see how it develops.

[samuraijin]

Reply by Vitalik
https://twitter.com/VitalikButerin/status/982194680258486273?s=19

lol, it looks a lethal answer, i see it like a fun joke, back on ethereum why all feel better than that while they are nothing

[yurimir]

Optimistic news

Billionnaire Fund Manager George Soros plans to trade Digital Assets

The billionnaire fund manager George Soros plans to trade digital assets, even if he described cryptocurrencies as a ‘bubble’ in Januray 2018, according to Bloomberg.

One of his employees who manages macro investing at Soros Fund Management received the permission recently from the company to trade cryptocurrencies.

“As long as you have dictatorships on the rise you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad,” said Soros on January 25, 2018.

https://the-blockchain-journal.com/2018/04/06/billionnaire-fund-manager-george-soros-plans-to-trade-digital-assets/

[thevictimofuktyranny]

Reply by Vitalik
https://twitter.com/VitalikButerin/status/982194680258486273?s=19

lol, it looks a lethal answer, i see it like a fun joke, back on ethereum why all feel better than that while they are nothing

From the Ethereum Core Devs Meeting #36

Vitalik at the meeting: "contacts in China...they could be a computer...strip down computers...IO on the back...doing fork for a computer when it can be reprogrammed for new fork". Words to this effect.

I don't think Vitalik knows much about hardware or computers and has zero interest in technology.

Every part of a computer is covered by Intellectual Property, you can't use any of the IP without paying money.

Otherwise, you are going to be swimming in a sea of litigation and business closure court orders from Intel or AMD or ARM or NVIDIA.