[ANN] Ethereum: Welcome to the Beginning

[MijntjeGoud]

so we can mine this coin?

[Bitcoin.info.ro]

so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least

[MijntjeGoud]

so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least

Aha oke, and in the near future also not possible to mine?

[Bitcoin.info.ro]

Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.

[MijntjeGoud]

Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.

thnx for the info

[xibeijan]

Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.

[Bitcoin.info.ro]

Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.

The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.

[flayway]

Im interesting to invest this hope remember follow

[_ingsoc]

Im interesting to invest this hope remember follow

[_ingsoc]

The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

[Bitcoin.info.ro]

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.

[ddink7]

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.

IIRC someone mentioned that more information would be available around Feb. 20.

[_ingsoc]

IIRC someone mentioned that more information would be available around Feb. 20.

Do you know where? Don't how I missed it. xD

[LeChatNoir]

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.

Hi Charles,
relative to fees structure, can you please explain why you chose these numbers?

   TXFEE (100x) - fee for sending a transaction
    NEWCONTRACTFEE (100x) - fee for creating a new contract, not including the storage fee for each item in script code
    STEPFEE (1x) - fee for every computational step after than first sixteen in contract execution
    STORAGEFEE (5x) - per-byte fee for adding to contract storage. The storage fee is the only fee that is not paid to a miner, and is refunded when storage used by a contract is reduced or removed.
    DATAFEE (20x) - fee for accessing or setting a contract's memory from inside that contract
    EXTROFEE (40x) - fee for accessing memory from another contract inside a contract
    CRYPTOFEE (20x) - fee for using any of the cryptographic operations

TXFEE is 5 times CRYPTOFEE, does it mean it takes 5X computational power for the network to process the first type of operation?

GL for the project!

[redwancoin]

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

[canuck]

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

Woah woah woah...wait a minute.  Where does the author get this idea?

Bitcoin simply cannot organically adapt to handle anything more than the 7 tx/sec limit that Satoshi originally placed.

This is absolutely inaccurate and in a big way.  In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.  This limit is imposed by consensus and can be lifted by miners if not eliminated completely though that's a dubious suggestion at best.

I find the entire premise to be incredibly flawed.  The fallacy of market based solutions?  My goodness, this seemed alarmingly out of touch to me.

[Come-from-Beyond]

In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.

It was 32 MiB until Satoshi changed it to 1 MiB, wasn't it?

[Forobitcoins]

i see

[ddink7]

Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

Woah woah woah...wait a minute.  Where does the author get this idea?

Bitcoin simply cannot organically adapt to handle anything more than the 7 tx/sec limit that Satoshi originally placed.

This is absolutely inaccurate and in a big way.  In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.  This limit is imposed by consensus and can be lifted by miners if not eliminated completely though that's a dubious suggestion at best.

I find the entire premise to be incredibly flawed.  The fallacy of market based solutions?  My goodness, this seemed alarmingly out of touch to me.

Of course it can be changed by consensus; I think his point was that it will be difficult to reach such a consensus. (Off topic a little, but just the other day I saw a YouTube video of a guy who was adamantly campaigning against increasing the block size.)

[elux]

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