[ANN] Ethereum: Welcome to the Beginning

[thin]

Good news
Amazon has announced today that users of it's Amazon Web Services are now able to immediately deploy instances of Ethereum nodes, it gives the choice between deploying a public or private EC2 instant, what is strange is how they have chosen so solely support Ethereum firstly at this point.

that's truly strange, did they provide any explanation , why only Ethereum choosen?

[1714976697]

1714976697

[1714976697]

1714976697

[JeffBrad12]

Ethereum's "Fee Market" has surpassed Bitcoin

Ethereum still has cheaper individual transaction fees, but is processing a lot more transactions each day, so the total is adding up.

Bitcoin ($9,370)
Block Reward = 1,800 BTC = $16,866,000
Fees = 32.48 BTC = $304,337.6

Ethereum ($742)
Block Reward = 17,322 ETH = $12,852,924
Fees = 426.88 ETH = $316,744.96

https://www.reddit.com/r/ethereum/comments/8hprs6/ethereums_fee_market_has_surpassed_bitcoin/

I'm not feeling surprised about that. Ethereum transaction has reached more than 1 million transactions and that means if there is more and more people try to use ethereum blockchain especially in trading ethereum asset that gives a lot of the transactions to the ethereum network right now. It looks possible to the ethereum to surpass bitcoin in the future and not very soon. 

[Tokenista]

everyone should go here and convince this guy to create an ethereum smart contract there should be a ton of games like this with tokens on ethereum blockchains
https://bitcointalk.org/index.php?topic=2934634.40

[naska21]

Ethereum currently looking a good hedge compare to other crypto coins, and good swing trade option

Gosh, no. I spent my four years fucking around by myself in swing trading. Got nothing but stress and annoyance. Now sitting back, keeping my ETH tight and watching the price rise ( short-term fluctuations don't count).

[macdak]

Summer will be very hot in terms of profitability from ico, so it's time to buy ETH while it's still at a bargain price.
Many people talk about the great growth of Ethereum. If this is said, then it is not avoidable.

[NewCenturyBTC]

Summer will be very hot in terms of profitability from ico, so it's time to buy ETH while it's still at a bargain price.
Many people talk about the great growth of Ethereum. If this is said, then it is not avoidable.

I only hope ETH can rising 1k again. How about Ethereum forks?

[LoveKamil]

US Federal authorities have strengthened control over Ethereum. As reported by Wall Street Journal, the financial authorities of the country are now in the process of discussion on the assignment of ETH status of a security. What is waiting for Ethereum?

[satrum]

"first step to transition Ethereum main net from Proof of Work (PoW) to Proof of Stake (PoS)" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/217 do you want to be a Casper validator ?


in read:
Today released Casper v0.1 - first release with hybrid POW/POS consensus model

link to release:
https://github.com/ethereum/casper/releases/tag/v0.1.0

link to A Crash Course on Consensus Protocols:
https://medium.com/@satyawan.tarar1985/a-crash-course-on-consensus-protocols-29264c393097

link to magazine:
https://ethereumworldnews.com/casper-v-0-1-released-continuing-progress-for-ethereum/

EDCON Toronto - 2018-05-05 AM+PM Vitalik Buterin presentation:
https://www.youtube.com/watch?time_continue=13879&v=NJ9StJThxZY

specification:
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1011.md

[wenwen]

I think that the price correction for a coin in any case will be, but a sharp rise in prices is likely not. It takes time. I wish everyone good luck.
--------

I think there will still be a recession for Ethereum. There will be another correction, and then there will be a sharp rise in the price of the coin.

[yeyicheng888]

Ethereum's future development deserves our attention. Brilliant past does not mean that we can continue in the future.

[naska21]

US Federal authorities have strengthened control over Ethereum. As reported by Wall Street Journal, the financial authorities of the country are now in the process of discussion on the assignment of ETH status of a security. What is waiting for Ethereum?

I'm more interested in bloomberg crypto index impact on ETH. Bloomberg has a fucking  powerful reputation in the world of finance and its index will definitely help to spread words of ETH. Any exposure like this helps.  Many ETH competitors will be just pissed off,  I feel.

[revilo]

The mega investors whom are getting out these days are actually a good thing as the coins are becoming more spread out across the globe. This in turn will lessen the volatility over the long haul. This will bring in a new group of investors that have been sitting on the sidelines. These growing pains will not last forever and am fine going on record as saying that the current price will be in hindsight a great time to buy. I for one have bitcoin and ethereum that have been just sitting growing dust for more than a year now. Folks who stare at the market are the folks who take loses and have heart attacks at a young age. Exercise is good for stress and you cant much of it sitting behind the keyboard 7 days a week...

Many investors do not know how to wait. Time is the strongest factor in investing. To make money you just need to wait. For investors, this is very difficult. I've kept the ETH Token for a long time, and I'm not going to sell it yet.

So far your theory of just holding and becoming rich was true, but the past isn't always the best predictor for the future. There might very well be some coins that stay stuck way below their peaks.

Of course, I talked about promising projects. I consider Etherium to be such a project. In fact, the platform is only at the beginning of its development. The platform functionality is much more than just an ICO.

You are surely right about that. At the same time it is hard to imagine where Ethereum could go in the future in terms of financial numbers. If we assume that Ethereum will be the global platform for Dapps, could it really go into the trillions? It's probably possible, but it's still weird and hard to grasp if you compare it to companies like Apple. Then again the comparison isn't right, because one is a platform and one is a centralized company. I am curious where this is going to be in 10 years from now.

[operabit]

US Federal authorities have strengthened control over Ethereum. As reported by Wall Street Journal, the financial authorities of the country are now in the process of discussion on the assignment of ETH status of a security. What is waiting for Ethereum?

I'm more interested in bloomberg crypto index impact on ETH. Bloomberg has a fucking  powerful reputation in the world of finance and its index will definitely help to spread words of ETH. Any exposure like this helps.  Many ETH competitors will be just pissed off,  I feel.

Too exaggerated in fact, all will surely feel the moment, but now is the right time to enjoy everything, release and calm while watching the movement of ETH.

[Gamblet]

Vitalik refused to participate in the Consensus conference. I wonder how this will affect the market. Everybody is waiting for a pampus after the Consensus.

[SixFigures]

Vitalik refused to participate in the Consensus conference. I wonder how this will affect the market. Everybody is waiting for a pampus after the Consensus.

It won't affect the market at all, why would it? If it really had an effect it would show how premature crypto still is.

[JeffBrad12]

"first step to transition Ethereum main net from Proof of Work (PoW) to Proof of Stake (PoS)" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/217 do you want to be a Casper validator ?


in read:
Today released Casper v0.1 - first release with hybrid POW/POS consensus model

link to release:
https://github.com/ethereum/casper/releases/tag/v0.1.0

link to A Crash Course on Consensus Protocols:
https://medium.com/@satyawan.tarar1985/a-crash-course-on-consensus-protocols-29264c393097

link to magazine:
https://ethereumworldnews.com/casper-v-0-1-released-continuing-progress-for-ethereum/

EDCON Toronto - 2018-05-05 AM+PM Vitalik Buterin presentation:
https://www.youtube.com/watch?time_continue=13879&v=NJ9StJThxZY

specification:
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1011.md

It is just a hybrid, so when the full PoS period will be implemented for Ethereum network?
With Casper and upcoming PoS, I believe that Ethereum price will fly over the Moon, one more time.

We should not need wait the full implementation of the POS casper to the ethereum network to give an impact. Even the next update makes ethereum block reward will decrease again almost 5x and that will give a huge impact to the ethereum price.
Full pos just the matter of time and remember the threshold to the stakers has already written.

[estenity]

Vitalik refused to participate in the Consensus conference. I wonder how this will affect the market. Everybody is waiting for a pampus after the Consensus.

It won't affect the market at all, why would it? If it really had an effect it would show how premature crypto still is.

now public refusal:

https://cointelegraph.com/news/ethereum-stakeholders-meet-to-discuss-governance-without-vitalik-buterins-involvement

is there any reason for present markets' plunge ?

[satrum]

Article about "Launching an ICO Token on Ethereum in Less 30 min" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/227
So before investing in an ICO do some research on the project. What do you think about launching an ERC-20 in less than thirty minutes?

[Boriss]

Casper and PoS phase might help to lift Ethereum back to its all time high, which is somewhere around 0.14 BTC for each Ethereum.
Hope to witness Ethereum surpass this resistant point soon this year.

All time high is nothing when ETH goes to POS, without inflation you can expect much higher price than that old price.

[yewq888]

Why is ETH's development so perfect now? It's because its consensus is already very strong