[ETHEREUM] What are its benefits?

[ChuckOne]

What are the benefits of Ethereum?

[bitcoin_bagholder]

Supposedly turing-complete.

[ChuckOne]

Supposedly turing-complete.

What are the benefits of being turing-complete?

[ChuckOne]

bump

[Momimaus]

Supposedly turing-complete.

What are the benefits of being turing-complete?

Sounds cool.
Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. 

[ChuckOne]

Sounds cool.

Sure.

But, what is more?

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. 

I am a core developer of Nxt. I know the project.

[Momimaus]

Sounds cool.

Sure.

But, what is more?

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. 

I am a core developer of Nxt. I know the project.

I KNOW.....just making fun

[ChuckOne]

But, I wanted to hear real benefits. :/

Anybody?

[opticalcarrier]

from what i understand, NXT's AT is being built on top of the NXT protocol, into the core, and what I understand about etherium, is that turing complete IS the core, so very ambitious it sounds like to me.

at least i think.

[Hagade]

But, I wanted to hear real benefits. :/
Anybody?

Im not so sure what benefits it has, but im mining it a lont time,

What I see is almost every day "moviment" at github https://github.com/ethereum

And there is the site too:

https://www.ethereum.org/

Maybe this can help a bit....

 
I forget... you can mine only whith the soft of them. For not use asics or something like this.

It uses CPU mining, but I cant imagine what can stop someone to rent a server whith 8 or 10 core to mine it....

[ChuckOne]

Watched video. Still awaiting benefits.

[indiemax]

Sounds cool.

Sure.

But, what is more?

Maybe take a look at NXT´s AT, then you will see what Ethereum can offer in a couple of years. 

I am a core developer of Nxt. I know the project.

Haha! a  mischief maker thread from a core developer who doesn't understand the code of a potential rival

think that's a fail from all angles

[Hagade]

Watched video. Still awaiting benefits.

About the soft / Wallet: The proof of concept V 4.2 is like this:

You have all accounts listed in some of the windows;

The blockchain is there too;

Some information of the block(s), transaction(s) and message;

If I did not  understood the contracts ( little time to make a research and read code);

Every new block makes the minning operation restarts;

And finally, the log, that you can make it be information or show everything happening.

To mine, just click enable network, sometimes connect to peer and mine.

http://s15.postimg.org/3w1b33t17/ethereum_1.png

tomorrow I'll read more about the coin.

See you around!!

[ChuckOne]

Haha! a  mischief maker thread from a core developer who doesn't understand the code of a potential rival

think that's a fail from all angles

Still no benefits. Maybe, you could be so kind as to explain them to me as I am obviously not able to see them.

[ChuckOne]

Watched video. Still awaiting benefits.

About the soft / Wallet: The proof of concept V 4.2 is like this:

You have all accounts listed in some of the windows;

The blockchain is there too;

Some information of the block(s), transaction(s) and message;

If I did not  understood the contracts ( little time to make a research and read code);

Every new block makes the minning operation restarts;

And finally, the log, that you can make it be information or show everything happening.

To mine, just click enable network, sometimes connect to peer and mine.

tomorrow I'll read more about the coin.

See you around!!

Thank you for answering.

Well, I am not sure if those are the core benefits of Ethereum.

As it seems to me, contracts should be the one that would make the difference. Unfortunately, I do not see why these are beneficial to the system. Maybe, somebody has an idea.

[CoinHoarder]

Ethereum makes it easier and quicker to develop decentralized applications, as it is a programming language built specifically for developing decentralized applications.

The way I understand it, being turing complete means that it can perform the simplest of math problems to even the most complicated ones. This in theory means that there is no limit to what you can develop with Ethereum as it can solve the most complicated of problems, like complicated cryptography etc.. Most modern programming languages are turing complete. Someone correct me if I am wrong, because I just learned what turing complete was when I heard about Ethereum/Qixcoin, but I think that is more or less correct.

[ChuckOne]

I think we are getting to the point now.

Well, so Ethereum provides a Turing-complete programming language like Java is.

Why not use Jave in the first place?

[ChuckOne]

bump

[CoinHoarder]

I think we are getting to the point now.

Well, so Ethereum provides a Turing-complete programming language like Java is.

Why not use Jave in the first place?

Java and other programming languages are built to do just about anything. I touched on this in my last post, but Ethereum is made specifically for creating decentralized applications (and contracts.. Forgot about that in my last post.) It makes it easier and quicker to develop decentralized applications because a lot of the functions you'd have to write in Java from scratch are already written for you.

[Willisius]

From the white paper:

The intent of Ethereum is to merge together and improve upon the concepts of scripting, altcoins and on-chain meta-protocols, and allow developers to create arbitrary consensus-based applications that have the scalability, standardization, feature-completeness, ease of development and interoperability offered by these different paradigms all at the same time. Ethereum does this by building what is essentially the ultimate abstract foundational layer: a blockchain with a built-in Turing-complete programming language, allowing anyone to write smart contracts and decentralized applications where they can create their own arbitrary rules for ownership, transaction formats and state transition functions. A bare-bones version of Namecoin can be written in two lines of code, and other protocols like currencies and reputation systems can be built in under twenty. Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can also be built on top of our platform, with vastly more power than that offered by Bitcoin scripting because of the added powers of Turing-completeness, value-awareness, blockchain-awareness and state.

Pretty exciting. It allows one to make things, like token systems where you can have tokens that represent something and can't be forged. Or smart contracts, etc. The possibilities look boundless to me. I really recommend that you read the white paper.