Ethereum ico price

[jackg]

I remember being around when ethereum came out (I think I was anyway) and people were talking to me about it and I was thinking “yay another shitcoin”... so never did anything with it. I’m wondering what the ico price as of it though. I’ve just been looking at the parity multisig hack and apparently $110 million were takien in total and since the ico only raises $30 million, I’m guessing the price has grown since the ico.

Note: I still don’t really trust ethereum, my loyalty lies with bitcoin and litecoin, I don’t like the idea that the parties of a contract are publicly known in ethereum, I think they should hash addresses one extra stage to make it a little more private...

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[mdayonliner]

I’m wondering what the ico price as of it though.

The ICO price was USD $0.311 (ref https://etherscan.io and https://i.imgur.com/juTUtkC.png ). The price increment is 29395.18% even after this price crash (arond $1200ish to around $90ish now) LOL

I don't blame you. In this online world anything when it's new - hard to realize it's potential. I wonder even now there are a lot of opportunities which we are not seeing and even if we spot it - we simply think it's another .....

I never studied LTC (not know much about it) however I am loyal to Bitcoin (First) and ETH.

[jackg]

Wow, that’s a huge price spike (should’ve bought some)... should’ve bought bitcoin too...

A lot of people say that ethereum is the new bitcoin. A lot of people who inspect the source seem to say things to the tune of ‘bitcoin doesn’t have smart contracts for security reasons’ which seems a worrying statement...

[mdayonliner]

A lot of people say that ethereum is the new bitcoin.

I am bit emotional to Bitcoin so I will keep Bitcoin as Bitcoin. I like the limited number (21 millions) where Ethereum does not have a maximum supply.

A lot of people who inspect the source seem to say things to the tune of ‘bitcoin doesn’t have smart contracts for security reasons’ which seems a worrying statement...

I am kinda illiterate in it so no comments.

[angel55]

I'm surprised you support litecoin because the founder dumped his bags.

There will be more coins that do 1000x or higher but they will be difficult to find and they will be called scams by a lot of people.  Most people I know in real life still call bitcoin a scam and I understand where they are coming from( anonymous founder sitting on 1 million btc that can be dumped at anytime)

[jackg]

I'm surprised you support litecoin because the founder dumped his bags.

There will be more coins that do 1000x or higher but they will be difficult to find and they will be called scams by a lot of people.  Most people I know in real life still call bitcoin a scam and I understand where they are coming from( anonymous founder sitting on 1 million btc that can be dumped at anytime)

I don't understand this:
1. The founder of litecoin dumped his stake in the coin which somehow means the coin isn't very good
2. The founder of bitcoin didn't dump his stake and the coin is also said to have an issue with that.

It's a double-edged sword here...

A lot of people who inspect the source seem to say things to the tune of ‘bitcoin doesn’t have smart contracts for security reasons’ which seems a worrying statement...

I am kinda illiterate in it so no comments.

But there's still a reason why bitcoin doesn't have it and it's not even a BIP.

[bitmover]

A lot of people who inspect the source seem to say things to the tune of ‘bitcoin doesn’t have smart contracts for security reasons’ which seems a worrying statement...

I am kinda illiterate in it so no comments.

But there's still a reason why bitcoin doesn't have it and it's not even a BIP.

Ok I am not a specialist, but I have read some about this.

Ethereum is known to be "Turing complete". His means that anything programmable can be programmed in the Network. There are some mechanisms which protect the network against attacks such as DOS (denial of service, like applications that would be looping forever and crash the network), like the gas system.

However, as anything can be done, it's both a strength and a weakness. As someone one day may be able to make a smartc ontract that would somehow attack the network.

Another important characteristic of ethereum network are the Dapps. Decentralized Applications are applications that cannot be stopped. This may also be a security problem...

Bitcoinon the other hand is not Turing complete and it's programmable languages are much simpler. So the attacker would have less possibilities to attempt something.

There are many other people here that know a lot more, I would like to hear them

[angel55]

What I'm saying is bitcoin would have more support from normal investors if the founder was actually known. 

Would you trust Amazon if Jeff Bezos sold all his stock? You would lose faith in the company.

[bitmover]

What I'm saying is bitcoin would have more support from normal investors if the founder was actually known. 

Would you trust Amazon if Jeff Bezos sold all his stock? You would lose faith in the company.

I think that one of the genialities is that the founder is unknown.
If he was known, bitcoin would be centralized on Satoshi. Like the Vitalik's blockchain.

Every tweet, every interview, all he does would be attached to bitcoin. People would be looking for details in his personal life (like a lover or some legal problem whatever) and price would go up and down... Everything would be centralized on him.

Disappearing was a great idea, so bitcoin could grow by itself decentralized

[jackg]

@bitmover

#7 a good example of this is what I gave in the op with the parity hack. There are some great videos on it on YouTube. The issue with hams like that is that most governments suggest in law that a 10% finders fee is to be taken on s,pints you find.

If I hacked $110million dollars of crypto, I’d get a nice $11 million without the risk of any legal impediment to stop me from taking it. To me, that’s still theft so I’d return it, but maybe I could keep 0.1% or something... Could buy myself a house still . You have to take a tiny bit to prove the flaw exists otherwise no one will do anything.

#9, a lot of the source inspectors I was talking about before think that vitalik is the issue for ethereum, I don’t think he should have said he was the founder of the coin, it took him only two or three years to develop and deploy it also which I don’t think is very long at all.