[ANN] Ethereum: Welcome to the Beginning

[BittBurger]

So we have the same problem as every single company offering a product in the entire software industry?

  Did you read my post?  The whole thing was addressing that assumption, and showing why it may be wrong.  Confused why your reply is to just reiterate the assumption.  I was hoping to get reasons why my points are invalid.  I gave some analogies above.  Myspace versus Facebook.  Webcrawler versus Google.  I gave reasons why this is *significantly* different. Why the real issue is toppling Bitcoin, and how unlikely that will be due to people's paranoias, unfamiliarity, uncertainty, the currently developing "bitcoin comfort zone" people won't want to break out of in the most important (and largest) demographic related to adoption:  "non-tech" world.  I also mentioned superior technologies that never went anywhere (GPG versus email), and why.  Hoping for a response to those things.

-B-

[1713997546]

1713997546

[1713997546]

1713997546

[_ingsoc]

When the IPO will start? I heard it had been delayed but for how many days? 

There's no word on a date yet. All we know is that it's under review. But we'll find out soon I imagine!

[ewibit]

I will post a guide on my blog to install ubuntu under vmware on linux.

Linux       - http://ethereum-miner.tumblr.com/post/75205573886/linux-ubuntu-install-guide
Toben

Ubuntu 13.10

Code:

In file included from /home/xxx/git/cpp-ethereum/libethereum/PeerNetwork.cpp:525:0:
/usr/include/miniupnpc/upnpcommands.h:123:1: note: declared here
 UPNP_AddPortMapping(const char * controlURL, const char * servicetype,
 ^
make[2]: *** [libethereum/CMakeFiles/ethereum.dir/PeerNetwork.cpp.o] Fehler 1
make[1]: *** [libethereum/CMakeFiles/ethereum.dir/all] Fehler 2
make: *** [all] Fehler 2

[_ingsoc]

Code:

-- Build files have been written to: /home/username/cryptopp562/cpp-ethereum-build
username@mx1:~/cryptopp562/cpp-ethereum-build
$ make
Scanning dependencies of target ethereum
[  4%] Building CXX object libethereum/CMakeFiles/ethereum.dir/State.cpp.o
/home/username/cryptopp562/cpp-ethereum/libethereum/State.cpp:30:17: fatal error: sha.h: No such file or directory
compilation terminated.
make[2]: *** [libethereum/CMakeFiles/ethereum.dir/State.cpp.o] Error 1
make[1]: *** [libethereum/CMakeFiles/ethereum.dir/all] Error 2
make: *** [all] Error 2
username@mx1:~/cryptopp562/cpp-ethereum-build

Am I missing something ?

What version of libboost*-dev are you using? I also installed qtmaker, which resolved issues with qmake (that you may or may not run into).

[Alphi]

Hi everyone.

Mass adoption and *significant* demand will be required for value of Ether to rise *at all*

In order for Ether to increase in value at all, there has to be an ever-increasing level of demand of real-world economic adoption in a setting where more and more ether is constantly being created.  
In order for Ether to go up one "penny", adoption must be fast, worldwide, outpace the inflation built in to the system *and* outpace Bitcoin adoption.  

Disclaimer:  Playing Devil's Advocate.   Thoughts?

Doge, NXT, Master Coin, Quark etc have all proven that you do not need mass adoption for the value to rise significantly in proportion to the initial investment.

but of course if you want Ethereum to go supernova then yes world wide adoption would be nice, but world wide adoption is also not as hard as one may think given the viral, peer to peer and open source nature of these crypto currencies.

there are only a handful of protocols out there that are capable of implementing the so called "bitcoin 2.0" wishlist.
so Ethereum has maybe a 1 in 4 or 1 in 5 chance of becoming the next truly decentralised exchange platform.. and given the amount of talent involved with the project I would say the odds are much more in Ethereums favor just as long as they don't get overtaken by project creep.

history has already taught us that in any industry, competition is what drives innovation. would facebook be where it is today if not for myspace? would google be here today if not for Lycos? would bittorrent be where it is today if not for napster and edonky? ofcourse not.. each new technology is a response to the failings of an established one. Bitcoin was a response to fiat.. fiat was a response to gold backed paper currency.. gold backed paper currency was a response to solid metal currecy (coins) and so on and so on..

as long as one technology adequately addresses the failings of another it will gain some sort of acceptance.
we have seen this with litecoin which is nothing more than a clone of bitcoin except for the fact that it is ASIC resistant and has faster transaction times.
when the bitcoin mining community switched over to ASICS.. an entire segment of miners was left out of the market... instead of pulling up stumps and moving on.. many of them decided to switch to litecoin mining.

there is nothing at all in the history of cryptocurrency or even the world for that matter that says  that for a technology like Ethereum to succeed  bitcoin, ripple, mastercoin must die...

[ddink7]

Hi everyone.

Mass adoption and *significant* demand will be required for value of Ether to rise *at all*

Can that really happen in a world just starting to grasp Bitcoin?

In order for Ether to increase in value at all, there has to be an ever-increasing level of demand of real-world economic adoption in a setting where more and more ether is constantly being created.  
In order for Ether to go up one "penny", adoption must be fast, worldwide, outpace the inflation built in to the system *and* outpace Bitcoin adoption.  

Let's try to think what that really means.

Bitcoin has market share.  Familiarity.  Recognition.  Adoption.  Five years under its belt as the first and most widespread Crypto.  This is a huge ... huge ... huge obstacle to compete with. It makes *absolutely no difference* that one is better than the other.   None.  The vast majority of human beings are 100% uneducated on this stuff, and very skittish with new technologies.  ESPECIALLY when it comes to their money.  They have only just begun accepting Bitcoin, kicking and screaming the entire way.  Its been a mess of misinformation, confusion, paranoias, fears and a complexity that most can't grasp.  Yet its finally just now piercing that obstacle and beginning to become accepted.  For *one* crypto to accomplish this, is monumental.  Bitcoin has already gone worldwide.  I am not certain I agree that this is like myspace and then facebook.  Or webcrawler and then google.  The learning curve was nearly zero when myspace came out.  And the transition to Facebook / Google was ONLY SUCCESSFUL because it was simple and seamless. Human beings resist change when things are even SLIGHTLY complex, or confusing.  Because of the complexity, uncertainty, and "fear of the unknown" that Bitcoin brings, people are going to lock down on Bitcoin, and may not let go.   To put it another way, I picture many saying:  "You finally got me to grasp this crazy crypto whatever, and im still a little freaked out by the whole thing, and now there's this Ether somethingoranother and you want me to make the jump to that?  No thanks.  I'll stick with Bitcoin." Getting the *entire world* to just "hop off" the Bitcoin wagon and jump over to something even more complex and completely new could be difficult, if not impossible.  While educated people in the crypto world may hail Ether as something amazing, the average person may stick to Bitcoin.  And that means adoption is going to be severely hindered with Ether.  And if that is the case, Ether will go down in value, or struggle to maintain its value.  If Ether doesn't literally become a bitcoin killer and totally replace it - and not with nerds - but with people in 3rd world countries who are just now learning Bitcoin .... its not going to go anywhere.  Reality tells us that "better systems" are often not adopted when they are complex.  Perfect example:  GPG messaging, versus regular email.  Clearly a superior system.  Could've gone gangbusters.  Never did.  Why?  This may happen with Ripple.  And it may happen with Ether.  There will have to be a massive, (and i mean massive) marketing effort that targets the slowly "comprehending" business owners and entrepreneurs that are still just getting their heads around Bitcoin.   Maybe its timing.  Maybe if Ether happened on the scene 4 years from now, when Bitcoin is a household term, and everyone totally "got it" .... right down to Grandma .... then Ether could pop up and say "Here's something even better", and the world would flock to it.  But they're still trying to get comfortable with Bitcoin .... and I really wonder if the adoption necessary for investors to reap any return on investment will actually happen. Maybe in 5 years, if we're lucky?  Then again, they say Bitcoin is 7x faster than "internet time" in evolution and adoption.  So maybe it won't be 5 years before the African man with a basic smartphone in the jungle using Bitcoin, transitions to Ether.  Or maybe if both can exist side by side, allowing Bitcoin to "do what it does", and still generate significant demand for Ether, then adoption will outpace ether inflation. But I fear the required adoption model which would push the value of Ether up, may not pan out.  

Disclaimer:  Playing Devil's Advocate.   Thoughts?

Bitcoin serves very well as the prime currency of the crypto world. Ether will not replace it nor does it intend to. Bitcoin will continue to be the premier currency; ethereum will do everything else. Ethereum is not intended to fill the role of currency--it's a platform that can be programmed to fill any role at all. Smart contracts, dao's, etc will cause ethereum to be a major tool for decentralization of everything. Ether is less a currency and more like the electricity that makes the machine run. IMO.

[loonsert]

Where to send the money to ordinary investors who tell me?

[_ingsoc]

Where to send the money to ordinary investors who tell me?

Nowhere. The fundraiser has been postponed. You have to wait until a new date is announced.

[_ingsoc]

Bitcoin serves very well as the prime currency of the crypto world. Ether will not replace it nor does it intend to. Bitcoin will continue to be the premier currency; ethereum will do everything else. Ethereum is not intended to fill the role of currency--it's a platform that can be programmed to fill any role at all. Smart contracts, dao's, etc will cause ethereum to be a major tool for decentralization of everything. Ether is less a currency and more like the electricity that makes the machine run. IMO.

I guess the biggest concern with this reasoning is the value. People are concerned about whether or not Ether will be worth as much as they bought it for (presumably they hope for greater value). That's the element of risk, however.

[Anotheranonlol]

Code:

-- Build files have been written to: /home/username/cryptopp562/cpp-ethereum-build
username@mx1:~/cryptopp562/cpp-ethereum-build
$ make
Scanning dependencies of target ethereum
[  4%] Building CXX object libethereum/CMakeFiles/ethereum.dir/State.cpp.o
/home/username/cryptopp562/cpp-ethereum/libethereum/State.cpp:30:17: fatal error: sha.h: No such file or directory
compilation terminated.
make[2]: *** [libethereum/CMakeFiles/ethereum.dir/State.cpp.o] Error 1
make[1]: *** [libethereum/CMakeFiles/ethereum.dir/all] Error 2
make: *** [all] Error 2
username@mx1:~/cryptopp562/cpp-ethereum-build

Am I missing something ?

What version of libboost*-dev are you using? I also installed qtmaker, which resolved issues with qmake (that you may or may not run into).

1.49.0.1

[podyx]

Where can I buy Ethereum?

[turtoro]

talk about ethereum and metacoins
http://letstalkbitcoin.com/e80-beyond-bitcoin-uncut/#.Uu1Mi40we1Z

[_ingsoc]

1.49.0.1

Try to install 1.53. It should be in your OS repository.

Code:

sudo apt-get install libboost1.53-all-dev

[_ingsoc]

Where can I buy Ethereum?

You can't. There's no mainnet yet. Soon, soon (in crypto time)...

[podyx]

Where can I buy Ethereum?

You can't. There's no mainnet yet. Soon, soon (in crypto time)...

any date?

[_ingsoc]

any date?

Nothing's been announced yet. You probably won't be able to mine for at least a few months.

[podyx]

any date?

Nothing's been announced yet. You probably won't be able to mine for at least a few months.

alright thanks

[lonsharim]

Where can I buy Ethereum?

In the future.

[Armando]

Where can I buy Ethereum?

You can't. There's no mainnet yet. Soon, soon (in crypto time)...

any date?

Subscribe to their maiing list @ official website

[ddink7]

Bitcoin serves very well as the prime currency of the crypto world. Ether will not replace it nor does it intend to. Bitcoin will continue to be the premier currency; ethereum will do everything else. Ethereum is not intended to fill the role of currency--it's a platform that can be programmed to fill any role at all. Smart contracts, dao's, etc will cause ethereum to be a major tool for decentralization of everything. Ether is less a currency and more like the electricity that makes the machine run. IMO.

I guess the biggest concern with this reasoning is the value. People are concerned about whether or not Ether will be worth as much as they bought it for (presumably they hope for greater value). That's the element of risk, however.

You are correct. It will ultimately depend on whether "later" demand outstrips "initial" supply. Definitely don't invest any more than you can afford to lose!