[ANN] Ethereum: Welcome to the Beginning

[starblocks]

June 2015 - always double estimated time of software developers

But, it will be awesome !

Everything goes down mideway next year your are correct

[BetMoose]

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

Sure - I'll make a bet they release the Genesis block by the end of April with the turing completeness in tact.  1/1 odds.

Alright come place your wagers on the genesis block launch:

___________

Launch of Ethereum's Genesis BlockOptions: Dec 2014 or earlier | Jan - Feb 2015 | Mar - Apr 2015 | Apr - June 2015 | June 2015 or later (or never)

[CryptoCurrencyInc.com]

Is this the official NXT asset for Ethereum?
http://nxtreporting.com/?as=15614331038940083829

[leannemckim46]

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

Sure - I'll make a bet they release the Genesis block by the end of April with the turing completeness in tact.  1/1 odds.

Alright come place your wagers on the genesis block launch:

___________

Launch of Ethereum's Genesis BlockOptions: Dec 2014 or earlier | Jan - Feb 2015 | Mar - Apr 2015 | Apr - June 2015 | June 2015 or later (or never)

June 2015 or later (or never) seems safe for those that invested in Ethereum.

[salsacz]

Is this the official NXT asset for Ethereum?
http://nxtreporting.com/?as=15614331038940083829

most probably scam, I don't trust to the issuer: https://nxtforum.org/index.php?action=profile;area=showposts;u=2444

So defeinitely not official and quite risky

[Dusty]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

[BitAddict]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

[Patel]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

http://www.reddit.com/r/ethereum/comments/2k6otf/implementing_ethereum_as_a_bitcoin_sidechain/clj59or?context=3

[BitAddict]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

http://www.reddit.com/r/ethereum/comments/2k6otf/implementing_ethereum_as_a_bitcoin_sidechain/clj59or?context=3

Two way pegged should not be considered sidechain.
Sidechain means a chain that depends on another chain (the main chain or a higher chain).

Bitcoin and Ethereum blockchains will be independant, none is sidechain to another.

Seems similar but it is not. You will be able to enter/exit instantly in both scenarios, but while you're in a bitcoin sidechain price will be pegged to bitcoin. That means if you buy 1btc in the sidechain and after you cashout you will have 1 bitcoin. But if you move to Ethereum you will (instantly) buy Ether at market price and then you will cashout at another market price.

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

[Skoupi]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

Afaict a clone of the ethereum protocol can be built as a sidechain of bitcoin. The official premined/IPO'd ethereum can't be pegged obviously...

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

[BitAddict]

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

True, I was wrong in that.

But it doesn't make a lot of sense to send coins to a sidechain when you are going to have inflation while price is pegged to bitcoin. Holding this sidechain coin will give you less profit than holding bitcoin itself.

[Skoupi]

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

True, I was wrong in that.

But it doesn't make a lot of sense to send coins to a sidechain when you are going to have inflation while price is pegged to bitcoin. Holding this sidechain coin will give you less profit than holding bitcoin itself.

Well maybe the sidechain will have more than one native tokens in a way that makes sense. Or maybe a predictable dilution on the value of your sidechain coins might be treated as the cost of buying a certain sidechain functionality.

[superresistant]

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

Ethereum is designed to have its own blockchain but the day sidechain is available (if it is possible), there will be many Ethereum clones as sidechain.

[Vlizzjeffrey]

lots of people lost their money on this shit

[BlindMayorBitcorn]

lots of people lost their money on this shit

Dude. It isn't even out yet

[sly5am]

http://i61.tinypic.com/34guhqw.png

This could use an explanation for those of us that don't speak weird random letters and numbers
Thx

Nxt will release its own Turing-complete scripting language before Ethereum.

Turing-complete scritping language? Can you explain for non tecnical users

It means that the blockchain will be able to do things by itself.
It makes the blockchain alive.

It is the Saint-Grail for some, hell for some others.
It means that almost anything is possible, for better or for worse.

The Pandora box will be open soon.

LOL hardly, nice fud though

[geyu]

I invested in BTC.. feels nice.
I'm not too worried about the market.

[gomei]

I invested in BTC.. feels nice.
I'm not too worried about the market.

me, too , we can wait for the launch,
maybe the btc at that time is so high.

[MasterOfCoin]

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

[Dusty]

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

That simply means that the people that bought ether have thrown away their money.

Now ethereum can work on top of counterparty and tomorrow, if ethereum still exists and useful, will be implemented as a two way pegged bitcoin sidechain.