[ANN] Ethereum: Welcome to the Beginning

[_ingsoc]

Many people are wise enough to see the merit of Nxt & Ethereum technology....pls don;t be a dick.

I'm sorry, but if we just take ourselves seriously all the time, then what was all of this about? If we can't laugh (even just at ourselves), Goldman Sachs, fictional CIA, and the terrorists win. You know that. I can't just sit by and let that happen.

[1714022285]

1714022285

[1714022285]

1714022285

[1714022285]

1714022285

[_ingsoc]

Okay some more irrelevant drivel. As long as we divert from those legitimate concerns right.

What are the legitimate concerns that haven't been addressed (or are currently being reviewed)?

[pyds1977]

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.

That's what i understood!!

[td services]

In the Jason Bourne novels by American author Robert Ludlum the department within the CIA which made Bourne and the other super agents is called Treadstone Seventy-One. The fact that the original Nxt contributors are 71 in number must mean the CIA is behind Nxt! It's a cryptic message... I can't believe no one has figured this out yet!

See, if I had been allowed to invest when I was locked out, NXT would have had 72 investors, making it holy.

[romerun]

I'm on 13.04 and follow https://github.com/ethereum/cpp-ethereum/wiki/Building exactly, and run into

Code:

In file included from /root/cpp-ethereum/libethereum/AddressState.h:24:0,
                 from /root/cpp-ethereum/libethereum/AddressState.cpp:22:
/root/cpp-ethereum/libethereum/Common.h:39:44: fatal error: boost/multiprecision/cpp_int.hpp: No such file or directory
compilation terminated.

[pyds1977]

The problems we face are now too complex for a single  hacker to resolve. They require a community, large investments in time and resources as well as a dream for a better world. Set the IPO aside and all the other petty grievances and help me make ethereum.

I am a Chinese, I am passionate about you guys' great ideas. I will promote this wonderful plan in China.
 

[_ingsoc]

I'm on 13.04 and follow https://github.com/ethereum/cpp-ethereum/wiki/Building exactly, and run into

Code:

In file included from /root/cpp-ethereum/libethereum/AddressState.h:24:0,
                 from /root/cpp-ethereum/libethereum/AddressState.cpp:22:
/root/cpp-ethereum/libethereum/Common.h:39:44: fatal error: boost/multiprecision/cpp_int.hpp: No such file or directory
compilation terminated.

What version of libboost are you running? 1.49?

Code:

sudo dpkg -l | grep libboost

[_ingsoc]

I am a Chinese, I am passionate about you guys' great ideas. I will promote this wonderful plan in China.

From OP's post, Jerry Liu and Bin Lu are working on Chinese strategy and translations over at 8btc. That might be a good starting point for getting involved.

[illodin]

If you are going to run the IPO, please make the minimum amount to invest low enough.

[romerun]

I'm on 13.04 and follow https://github.com/ethereum/cpp-ethereum/wiki/Building exactly, and run into

Code:

In file included from /root/cpp-ethereum/libethereum/AddressState.h:24:0,
                 from /root/cpp-ethereum/libethereum/AddressState.cpp:22:
/root/cpp-ethereum/libethereum/Common.h:39:44: fatal error: boost/multiprecision/cpp_int.hpp: No such file or directory
compilation terminated.

What version of libboost are you running? 1.49?

Code:

sudo dpkg -l | grep libboost

1.49.0.1

[_ingsoc]

1.49.0.1

If you install 1.53, that should solve the issue. I also installed qtcreator as some people have had problems without it. Note that the latest Github code can fail to run, so download from code.ethereum.org.

Code:

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

[_ingsoc]

If you are going to run the IPO, please make the minimum amount to invest low enough.

I believe in the original terms the minimum amount was 0.1 BTC. I imagine they'll keep it at that.

[Rampion]

Vitalik, anthony and I brought the original team together and the whitepaper did the rest. I don't know what to think of these Nxt people to be honest. Apparently our tech sucks, Nxt is better. We have been Co - opted by evil bankers yet our entire team is transparent unlike certain other teams of 71 oh and vitalik is a time traveling android sent from a dystopian future (Btw there is seriously a graphic novel coming out about it called vitalik ad 2134).

Levity aside, use common sense and good judgment. When we release the prospectus and business plan read them and do your due diligence. Look at our partners and strategy and most importantly our technology. There are some enormous frustrations in the financial world with how things are structured. It's unfair and corrupt also totally inaccessible to billions of people. Don't you think at least 2 people from the industry would like to be on a project that makes the world a better, more fair place?

I understand how you guys feel. I really do see a lot of frustration and anger in these forums. I felt the same when I was in the Ron Paul movement back in 2008. It was terrible to feel helpless and ignored. The difference today is that we have technology that can accomplish anything you want. I just want the community to help us build it, protect it and evolve it to meet the challenges of then future.

The problems we face are now too complex for a single  hacker to resolve. They require a community, large investments in time and resources as well as a dream for a better world. Set the IPO aside and all the other petty grievances and help me make ethereum.

So you DO have Goldman Sachs folks in Ethereum? And you aren't even ashamed about admitting it?

Think what Satoshi would think about that. Really.

[_ingsoc]

So you DO have Goldman Sachs folks in Ethereum? And you aren't even ashamed about admitting it?

Think what Satoshi would think about that. Really.

Here's what charleshoskinson (a founder) stated. Decide for yourself:

Goldman Sachs is not involved in our venture. We did not solicit them for investment, the company is not assisting us in any way.

We have two quantitative analysts on our team who both have a diverse background off and on wall street including both working for Goldman sachs at some point in their careers. Dr. Costa lives in Asia at the moment and runs an independent hedge fund and Joseph lupin has most recently been involved in the music industry in Jamaica.

The blockchain is owned by those who participate in the fundraiser and those receiving the early stakeholders premine. Let me be clear: No Bank, No financial entity including Goldman Sachs has been allocated any amount of the premine. If they want a chunk then they have to buy it once the fundraiser starts like everyone else.

We have two people on our team who started their financial careers- as many thousands have done- at Goldman Sachs. They have both since left and started other ventures. In both cases those were hedge funds. Joe retired and moved to Jamaica to be in the music industry and came out of retirement to join us. Costa went to university of Edinburgh to study LCS's relationship to finance for a PhD in Quantitative Finance. He is now running a hedge fund in Kyrgyzstan as well as building a full clearing house in etherscript.

We have no relationship with Goldman Sachs nor are they an investor. I wouldn't take their money if offered. I have great respect for their knowledge of the financial industry as well as quality of talent, but no respect for their business practices or questionable conduct.

[romerun]

1.49.0.1

If you install 1.53, that should solve the issue. I also installed qtcreator as some people have had problems without it. Note that the latest Github code can fail to run, so download from code.ethereum.org.

Code:

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

that's the problem, thanks

[_ingsoc]

that's the problem, thanks

You're welcome!

[Bitbird]

What's the main difference between Ethereum and Nxt?

[Bitcoin.info.ro]

What's the main difference between Ethereum and Nxt?

I think the main difference is this:

"Ethereum does not attempt to constrain users into using specific "features"; instead, the ledger includes a built-in Turing-complete programming language that can be used to construct any kind of contract that can be mathematically defined."

[ZeroTheGreat]

What's the main difference between Ethereum and Nxt?

I think the main difference is this:

"Ethereum does not attempt to constrain users into using specific "features"; instead, the ledger includes a built-in Turing-complete programming language that can be used to construct any kind of contract that can be mathematically defined."

The other difference is PoW-basing. Ergo Bitcoin with double-edged Smart Contracts.

[Come-from-Beyond]

In the Jason Bourne novels by American author Robert Ludlum the department within the CIA which made Bourne and the other super agents is called Treadstone Seventy-One. The fact that the original Nxt contributors are 71 in number must mean the CIA is behind Nxt! It's a cryptic message... I can't believe no one has figured this out yet!

Nxt genesis account password was cracked 2 days ago. The password is

It was a bright cold day in April, and the clocks were striking thirteen.

which is the very 1st sentence of "1984" by Orwell. Looking at ur nickname (Ingsoc) I suspect that u r BCNext...