[ANN] Ethereum: Welcome to the Beginning

[Bitcoin_bullish]

Ethereum is useless with 20gwei average transaction fees. This is actually ridiculous.

[ePesoInitiative]

Ethereum is useless with 20gwei average transaction fees. This is actually ridiculous.

According to https://ethgasstation.info/ the highest Transfer Fee is $1.32 and the lowest is $0.0886. It may not be so cheap to almost run free computing but developers need to come up with better ways to use smart contracts efficiently.

[rdbase]

Finally Ethereum is start show good performance against BTC which is good sign for altcoins market as well as other markets are also showing very good signals. We need more bullish scenario to get new investors in into this space and it will make the journey more interesting.

It has risen by 6% and going above $218 now. Just noticed it starting to make a move about two hours ago when it was pumping hard in price while bitcoin price stayed the same.
Is this a departure from it following bitcoins price actions?
https://www.newsbtc.com/2019/09/17/ethereum-price-surges-6-to-top-210-fomo-in-full-swing/

[henke1]

Deutsche Bank Joins JP Morgan’s Blockchain-based IIN Payments Network
The IIN network is an Ethereum-based blockchain network built by JP Morgan on Quorum network.

[U]

Deutsche Bank Joins JP Morgan’s Blockchain-based IIN Payments Network
The IIN network is an Ethereum-based blockchain network built by JP Morgan on Quorum network.

Do not forget,bitpay is integrating ETH payment,ETH is also becoming money.

[ning_aric]

Vitalik believes that Ethereum developers will succeed in introducing the "Ethereum 2.0 by early 2020". TBH, this looks quite big, as it has been in under development for years:

Vitalik Buterin: “Very confident” about phase zero of Ethereum 2.0

https://decrypt.co/7885/vitalik-buterin-bitcoin-cash-ethereum-scalability

I must admit that as a big holder of ADA, I'm kind of hating this news. In the past, Vitalik has failed many times in the past in respecting the deadlines (provided by him), will it happen again?

OTOH, another big news for Ethereum:

Cryptocurrency Payments Processor BitPay Adds Support for Ether

https://cointelegraph.com/news/cryptocurrency-payments-processor-bitpay-adds-support-for-ether

Bitpay support for Ethereum seems to be big news. I can’t say if it’s the stimulus for Ether increasing price, but it’s good news.
About Ethereum 2.0, there are a lot of expectation from Vitalik and his team on that, they wouldn’t want to not impress. I’ll say it might get go beyond deadline, but I’m pretty sure it would be a good effort.

[henke1]

More recently, Wells Fargo made it clear on Twitter that it doesn’t allow its clients to deal with cryptocurrency transactions, becoming one of the only U.S. banks to explicitly have made such a move. By naming its new project a cryptocurrency, it may have been deemed hypocritical.

Obvious parallels can be drawn between what Wells Fargo is testing out and JPMorgan’s JPM Coin and its Interbank Information Network (IIN) which this week added Deutsche Bank to the 300-plus other banks on that network.
This raises the (at times uncomfortable) question of interoperability since the JPM’s interbank payment system and coin are all built on Quorum, the private version of ethereum the bank has open-sourced. Corda and Quorum do not talk to each other.
When asked about this, Cabrera said:
“Regarding JPM Coin, Wells Fargo Digital Cash runs on a proprietary internal DLT network that is not connected to any other digital cash solutions emerging in the financial services market today.

[Anonylz]

Market seem a bit friendly to alts today after such a long time of silence, I can see eth is doing great as well, it shows eth still got  for those who were making conclusion that eth is dead and other negative comment, once market has fully revive it will only take few days for eth to get back on track.

[RivAngE]

I don't care for the price, I just want to see some big updates being finally pushed to the network.
The Ethereum's user-base has been shifting from "users" to "wannabe-investors" since 2018, probably just like the whole ecosystem to be fair... but I hope the developers haven't been distracted and focus on development rather than marketing.

A shiny chair made of thin crystal might be spectacular to look at, but I'd never "use" it.
Let's hope Ethereum doesn't go down this road, or even if it does, there'll be an alternative like LOOM or ARK to save the day, I'm fine with either outcome since I'm 50% a user and 50% an investor.

[scambust]

Market seem a bit friendly to alts today after such a long time of silence, I can see eth is doing great as well, it shows eth still got  for those who were making conclusion that eth is dead and other negative comment, once market has fully revive it will only take few days for eth to get back on track.

The Ethereum price must break the $250 price resistance in order to confirm a true bear trend reversal. Just like with Bitcoin, many still think this is still a downtrend with just another correction to a key price level.

[yangongear]

Market seem a bit friendly to alts today after such a long time of silence, I can see eth is doing great as well, it shows eth still got  for those who were making conclusion that eth is dead and other negative comment, once market has fully revive it will only take few days for eth to get back on track.

The Ethereum price must break the $250 price resistance in order to confirm a true bear trend reversal. Just like with Bitcoin, many still think this is still a downtrend with just another correction to a key price level.

I think currently it's just a "mini" altcoin season, and ETH have many resistance levels ahead to break, if it want to enter a new uptrend. We need to wait for the next move of BTC, which will determine the trend for this market as well as ETH.

[Piston Honda]

can't wait for the $ETH ETF!

oooooooh wait, that's $ADK, not you guys......

 

[CryptTech]

Not a bad start after a fall, I hope to blockchain eth will have no problems in the future!

[dr.cheema]

One of the few coins that is still mineable at home by a hobbyist and provides decent profits.  Its going to suck when they go full POS and there is nothing left for the little guys.

It depends on how they'll implement it, if it'll reward even 1 ETH holders then everyone will be able to join if they want.
Unfortunately I think they plan to allow PoS only to the few top wallets.... in any case even now most ETH are going to the ones already rich enough to invest in expensive mining equipment.

But don't worry... judging by their past update speed, the PoS should be activated at about 2050!

I don’t know what everyone is wearing in this ETH, there are already many other blockchains where you can create your tokens, where the transaction speed is higher. Well, if the POS is introduced only for the elite (whales), just definitely do not need ETH.

there are many other things that eth make special. one of them is eth blockchain is very easy to use relaible also. everything is not only depends on the speed. look at bitcoin its very slow to make a transaction and you can not make any token on that blockchain but its demand is great

Yeah many things are getting ready to be show off like bitpay will soon support ethereum payments and ethereum 2.0 is on the way.
Yeah I really like the ethereum blockchain and indeed very reliable, well bitcoin dominance is going down 67.4% and investors buying ethereum.

[nicecrypto]

Things aren't looking bad for alts and eth isn't left of the show either,  eth is already up in price just like other alts, at least this shows that there is hope with alts, I know this will only last for a few days before normal down trend will over take the market, I don't think the market has fully revive yet.

[Houndirno]

can't wait for the $ETH ETF!

Me too. Ethereum will be Top 1 by the end of 2020. PoS is coming..

[mr_random]

No need to call the small price increase as an alt season, the alt season has not started yet, there is a long way to reach the average price of the previous all-time high market values.  Ethereum will relinquish the downtrend and the altcoins will start to take a deep breath in the next year. Beginning of the end will be known in a year following the PoS.

I don't agree with the arguments regarding the HYPE and it is too early to celebrate the alt season. The price is under $500 and there is a big room for the Ethereum to reach higher prices above $350.  Everything is visible in the charts and the prices will hit the old ATH again. Next year will be very interesting for the crypto traders from my understanding.

[rz20]

One of the few coins that is still mineable at home by a hobbyist and provides decent profits.  Its going to suck when they go full POS and there is nothing left for the little guys.

It depends on how they'll implement it, if it'll reward even 1 ETH holders then everyone will be able to join if they want.
Unfortunately I think they plan to allow PoS only to the few top wallets.... in any case even now most ETH are going to the ones already rich enough to invest in expensive mining equipment.

But don't worry... judging by their past update speed, the PoS should be activated at about 2050!

I don’t know what everyone is wearing in this ETH, there are already many other blockchains where you can create your tokens, where the transaction speed is higher. Well, if the POS is introduced only for the elite (whales), just definitely do not need ETH.

there are many other things that eth make special. one of them is eth blockchain is very easy to use relaible also. everything is not only depends on the speed. look at bitcoin its very slow to make a transaction and you can not make any token on that blockchain but its demand is great

Yeah many things are getting ready to be show off like bitpay will soon support ethereum payments and ethereum 2.0 is on the way.
Yeah I really like the ethereum blockchain and indeed very reliable, well bitcoin dominance is going down 67.4% and investors buying ethereum.

ETH 2.0 is what I am most excited about right now. ETH 2.0 + some mainstream company adapting ETH chain could help push ETH price above $350. Hopefully, they will soon make an announcement about that.

[CryptTech]

One of the few coins that is still mineable at home by a hobbyist and provides decent profits.  Its going to suck when they go full POS and there is nothing left for the little guys.

It depends on how they'll implement it, if it'll reward even 1 ETH holders then everyone will be able to join if they want.
Unfortunately I think they plan to allow PoS only to the few top wallets.... in any case even now most ETH are going to the ones already rich enough to invest in expensive mining equipment.

But don't worry... judging by their past update speed, the PoS should be activated at about 2050!

I don’t know what everyone is wearing in this ETH, there are already many other blockchains where you can create your tokens, where the transaction speed is higher. Well, if the POS is introduced only for the elite (whales), just definitely do not need ETH.

there are many other things that eth make special. one of them is eth blockchain is very easy to use relaible also. everything is not only depends on the speed. look at bitcoin its very slow to make a transaction and you can not make any token on that blockchain but its demand is great

Yeah many things are getting ready to be show off like bitpay will soon support ethereum payments and ethereum 2.0 is on the way.
Yeah I really like the ethereum blockchain and indeed very reliable, well bitcoin dominance is going down 67.4% and investors buying ethereum.

ETH 2.0 is what I am most excited about right now. ETH 2.0 + some mainstream company adapting ETH chain could help push ETH price above $350. Hopefully, they will soon make an announcement about that.

That would be great!

[TeraBite]

ETH 2.0 is what I am most excited about right now. ETH 2.0 + some mainstream company adapting ETH chain could help push ETH price above $350. Hopefully, they will soon make an announcement about that.

Although adoption is growing rapidly but who is this mainstream company which is about to go make this big announcement to give big boost the price. At the moment situation is totally different as compare with year 2017 than there was a big craze about new ICOs and now they want real use case to keep growing.