[ANN] Ethereum: Welcome to the Beginning

[Raja_MBZ]

The number of pending transactions has doubled within the last 4 days:

[frcat]

If I have to switch from Ethereum to anything else, I will switch to Bitcoin, not Ethereum Classic.

Ain't those two totally different things? You hold bitcoin as you'd hold gold, as a store of value for the future, but you buy Ethereum to use it in DAPPs.

That's the problem! If you buy ethereum you should use it and not hold it as store of value because there is better store of value. Ethereum and every other altcoin with specialized functions has future only as a bitcoin sidechain. Ethereum as a standalone blockchain is dead.

Which new blockchains do you think will replace Ethereum and become a leader? As I see almost all of new projects are the copies of Ethereum (may be except DAG based projects)

[Raja_MBZ]

Ethereum Foundation Grants $2.46 Million to Network Developers

https://cointelegraph.com/news/ethereum-foundation-grants-246-million-to-network-developers

The funds will go to nine companies and researchers. Many companies received funding for client development, such as Harmony which has been awarded $189,000 for the Prysm client Sigma Prime; $485,000 for Lighthouse; Consensys co-founded startup Sigma Prime obtained $485,000 for its Lighthouse client, while Status received $500,000 for the Nimbus client. Status has also received $150,000 for networking protocol development, while Whiteblock received $184,000 for network testing and testnet/interoperability support.

[stokholminfinity]

What does the project really need now so that it rises from hibernation and enters the phase of active growth?

[yzzifc]

Ethernet Square wants to rise in technology must have a breakthrough, technology can be quickly copied, the future of Ethernet Square must be in innovation!

[AG3NT0R4NG3]

Eth definitely has fierce competition from Binance chain. What is the strategy on this?

It seems that Ethereum is just trying to get along with CZ and Binance. But the conflict of interests is there and the market cap that BNB is enjoying right now is all on Ethereum's expense.
From what I'm observing from Ethereum, there is actually no worries on this fact, meanwhile almost every ERC20 token is trying to figure a way to move into Binance chain.

Seriously I don't know if they care at all anymore. What are Vitalik's plans on this? Waiting for 10$ ETH for a response?

[TeraBite]

Eth definitely has fierce competition from Binance chain. What is the strategy on this?

It seems that Ethereum is just trying to get along with CZ and Binance. But the conflict of interests is there and the market cap that BNB is enjoying right now is all on Ethereum's expense.
From what I'm observing from Ethereum, there is actually no worries on this fact, meanwhile almost every ERC20 token is trying to figure a way to move into Binance chain.

Seriously I don't know if they care at all anymore. What are Vitalik's plans on this? Waiting for 10$ ETH for a response?

This is just advertising trick when some projects are moving to this blockchain actually Ethereum has something great and it is pioneer who opened the door of opportunities for the whole world and made this possible to dive into this space. Ethereum is still 2nd largest crytocurrency and it will remain there as they dev very big team.

[raskill]

IMO those of you that are propping up Eth have lost your mind. Your wealth will be next...Soon...

[RivAngE]

IMO those of you that are propping up Eth have lost your mind. Your wealth will be next...Soon...

Care to explain your reasoning?
I don't like Ethereum either, but there isn't anything that does the same things in a better way yet, so even if I don't like it I have to use it and buy it.
This alone however isn't enough to create value though, just because I buy some ETH from an exchange it doesn't mean the company I send my ETH to buy services/game assets won't sell their ETH.

Since there's no real competition though, the price should stay stable. Moonboys are going to get disapointed (those few who might still be around, that is) when the price don't go high, but no one is going to lose money... at least yet.

[bitpotter]

Eth definitely has fierce competition from Binance chain. What is the strategy on this?

It seems that Ethereum is just trying to get along with CZ and Binance. But the conflict of interests is there and the market cap that BNB is enjoying right now is all on Ethereum's expense.
From what I'm observing from Ethereum, there is actually no worries on this fact, meanwhile almost every ERC20 token is trying to figure a way to move into Binance chain.

Seriously I don't know if they care at all anymore. What are Vitalik's plans on this? Waiting for 10$ ETH for a response?

This is just advertising trick when some projects are moving to this blockchain actually Ethereum has something great and it is pioneer who opened the door of opportunities for the whole world and made this possible to dive into this space. Ethereum is still 2nd largest crytocurrency and it will remain there as they dev very big team.

That's right, we can't underestimate the power of ethereum, because there are many great people inside and outside them. Ethereum will always be the first choice when other cryptocurrency is sluggish or weakened.

[pressing207]

Eth definitely has fierce competition from Binance chain. What is the strategy on this?

It seems that Ethereum is just trying to get along with CZ and Binance. But the conflict of interests is there and the market cap that BNB is enjoying right now is all on Ethereum's expense.
From what I'm observing from Ethereum, there is actually no worries on this fact, meanwhile almost every ERC20 token is trying to figure a way to move into Binance chain.

Seriously I don't know if they care at all anymore. What are Vitalik's plans on this? Waiting for 10$ ETH for a response?

This is just advertising trick when some projects are moving to this blockchain actually Ethereum has something great and it is pioneer who opened the door of opportunities for the whole world and made this possible to dive into this space. Ethereum is still 2nd largest crytocurrency and it will remain there as they dev very big team.

That's right, we can't underestimate the power of ethereum, because there are many great people inside and outside them. Ethereum will always be the first choice when other cryptocurrency is sluggish or weakened.

Time didn 't stop. At the start there are new projects that survived the pause, took into account the mistakes of others, did not lose on the fall of the market. Everyone dreams of the bright future of the coin they have.

[raskill]

IMO those of you that are propping up Eth have lost your mind. Your wealth will be next...Soon...

Care to explain your reasoning?
I don't like Ethereum either, but there isn't anything that does the same things in a better way yet, so even if I don't like it I have to use it and buy it.
This alone however isn't enough to create value though, just because I buy some ETH from an exchange it doesn't mean the company I send my ETH to buy services/game assets won't sell their ETH.

Since there's no real competition though, the price should stay stable. Moonboys are going to get disapointed (those few who might still be around, that is) when the price don't go high, but no one is going to lose money... at least yet.
In the beginning all your heard was decentralized coin with smart contracts. Then decentralized flew out the window. At that point it became just another shitcoin with contracts. But had the following of 10 million people who had hyped it into something great when indeed turns out a fake all along. Those of you who praise it just want to belong to something and make believe its great when you know they have failed in every aspect of development since release. No doubt this is the most hyped shitcoin on the planet. Who ever figures out the scaling issues first and actually stays loyal to a decentralized network will become the new king of crypto. It wont be Vitastink and his network clogging goons.

[raskill]

They have been more interested in piggy backing the network for profit than actually doing what they said they were going to do. They bait and switched all you believers and I can not believe so many still cling to it after being duped repeatedly...

[gembira]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

[RivAngE]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

In the past it has been XRP which was the first to move though!
In any case, I don't think the market is ready for a bullrun yet, maybe in about 2 years we will see the previously established ATH of some coins, but not in ETH, ETH can't reach $1000 that's madness!

[gembira]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

In the past it has been XRP which was the first to move though!
In any case, I don't think the market is ready for a bullrun yet, maybe in about 2 years we will see the previously established ATH of some coins, but not in ETH, ETH can't reach $1000 that's madness!

Do you mean bullrun in 2017? At that time Ripple was much popular than ETH. But everything is changed nowdays and ETH is still strong. But may be it will start with Ripple though... who knows.

[Sancho18]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

In the past it has been XRP which was the first to move though!
In any case, I don't think the market is ready for a bullrun yet, maybe in about 2 years we will see the previously established ATH of some coins, but not in ETH, ETH can't reach $1000 that's madness!

Do you mean bullrun in 2017? At that time Ripple was much popular than ETH. But everything is changed nowdays and ETH is still strong. But may be it will start with Ripple though... who knows.

Still strong? I’m not sure about this, eth almost monotonously loses its price in both dollars and bitcoins, and there is no certainty that hardfork will change anything significantly.

[big_daddy]

[...] But may be it will start with Ripple though... who knows. [...]

I think that smart investors knows that Ripple and XRP are not the same thing, and knowing that, there will be no more money injection like it was in the past

[gielbier]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

In the past it has been XRP which was the first to move though!
In any case, I don't think the market is ready for a bullrun yet, maybe in about 2 years we will see the previously established ATH of some coins, but not in ETH, ETH can't reach $1000 that's madness!

Is the reason because the total supply continues to increase and eth can not touch the price of 1000$ again?
is there any other reason besides because the total supply keeps increasing?

[bkbirge]

When is Vitalik planned launch hardfork with PoS? I think this should give some start for price increase and may be for overall altcoin bullrun... As Bullrun should start with Ethereum...

In the past it has been XRP which was the first to move though!
In any case, I don't think the market is ready for a bullrun yet, maybe in about 2 years we will see the previously established ATH of some coins, but not in ETH, ETH can't reach $1000 that's madness!

Is the reason because the total supply continues to increase and eth can not touch the price of 1000$ again?
is there any other reason besides because the total supply keeps increasing?

That whole argument about unlimited supply is really misleading. In a practical sense it's not really an unlimited supply though technically it is, it's algorithmically designed to eventually be deflationary.

There is a practical cap on the supply, it's just not specified as a scalar number in the code. The rate of coin creation is fixed at 18 million per year and as the total supply grows then that rate of increase in supply actually decreases as a percent of the total until eventually it is overcome by fiat inflation rates.

Additionally through the loss of private keys there will be some retiring of coin. And also there is the fact of block reward reduction.

So yes, technically you are correct there is no cap, but in a practical sense there very much is a cap. Not something to worry about, really a non issue and the only reason it gets any attention is because people don't understand how Ethereum generation works.