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Old 05-20-2017, 11:24 AM   #26
Howard Treesong
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Re: Ethereum - Blockchain App Platform

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Originally Posted by Kazuya View Post
Yeah. Read this and this by Vitalik regarding the DAO. May as well get that out of the way as it's usually the first thing people very pro-bitcoin cite. The basic consensus is the DAO situation sucked, but we learned lots from it and it was almost better to happen then than down the road if it were to happen..



Also,



June 2016 ETH was ~$13



May 2017 ETH is ~$128

May 2017 ETC (the split) is ~$8



The market/stakeholders (investors/developers/miners) have spoken


Those articles are incoherent to those of us who are not familiar with Ethereum.
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Old 05-20-2017, 11:25 AM   #27
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Re: Ethereum - Blockchain App Platform

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I think this response will very much set the tone of this thread. Just for anyone reading its important to think why.


Cryptic indeed. Just say what you mean.
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Old 05-20-2017, 03:51 PM   #28
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Re: Ethereum - Blockchain App Platform

How do you guys see a possible regulatory crackdown on ICOs play out? These valuations are insane for what is essentially a nice website and a <insert color> paper. Would it affect current companies valuation? What about Ether? How would they even go at regulating these things? I don't see a way for the government to regulate ICOs and only ICOs, they would most likely attack exchanges which would be a disaster for everyone.
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Old 05-20-2017, 04:42 PM   #29
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Re: Ethereum - Blockchain App Platform

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I don't see a way for the government to regulate ICOs and only ICOs, they would most likely attack exchanges which would be a disaster for everyone.
There will be decentralized exchanges soon enough. Really they only thing the govts may be able to regulate is fiat/crypto exchanges. Even then, for something like bitcoin, there is nothing wrong with it. It's not a security and securities regulators would not regulate it in the same way they may regulate ico platforms and even ethereum.

so worst case, they heavily regulate all crypto except bitcoin. fiat/crypto exchanges then only offer fiat<->bitcoin pairs to stay on board with any possible regulatory issues.

People are still able to easily get bitcoin or easily cash out bitcoin to fiat. In between they can use their bitcoin on decentralized exchanges to buy any other crypto, including ico tokens.
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Old 05-20-2017, 05:37 PM   #30
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Re: Ethereum - Blockchain App Platform

There already are decentralized exchanges.
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Old 05-20-2017, 05:39 PM   #31
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Re: Ethereum - Blockchain App Platform

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There already are decentralized exchanges.
yes there are, but they will be become better and more mainstream.
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Old 05-20-2017, 08:16 PM   #32
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Re: Ethereum - Blockchain App Platform

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There's Ethereal Summit going on right now, Consensus next week and DevCon 3 in November.

Bitcoin market cap is currently 32 billion, Ethereum 12 billion. The total crypto market cap is 68 billion right now. At about 8:25 mark here's a top VC saying Ethereum market cap will take over Bitcoin market cap in 2017.

There are quotes from him here in 2001 about the dot com bubble. For what it's worth, the dot com stock were valued at about 3 trillion before the crash. That's roughly 4.25 trillion in today's dollars after inflation.
If this happens I would be stunned. Not saying it can't but that would be really impressive.
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Old 05-20-2017, 11:52 PM   #33
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Re: Ethereum - Blockchain App Platform

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If this happens I would be stunned. Not saying it can't but that would be really impressive.
It's getting closer and closer to happening. Eth is 35% of bitcoins market cap(high of 37% earlier this week) and was in the low 20% just a few months ago. People are slowly starting to realize that bitcoin doesn't really have much of a future unless they can make changes within. Their unconfirmed transactions and fees get higher and higher as time goes on, while eth has a roadmap for the next year at least.

The main thing going for bitcoin right now is that is the main entry into the crypto world, it has the name. It's the only real way to invest in any other cryptocurrency...by buying bitcoin and then going from there.

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Old 05-20-2017, 11:54 PM   #34
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Re: Ethereum - Blockchain App Platform

Heard on a podcast today that ethereum network is more secure now as there is more hash power securing it. I want to double check that.
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Old 05-21-2017, 01:32 AM   #35
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Re: Ethereum - Blockchain App Platform

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Heard on a podcast today that ethereum network is more secure now as there is more hash power securing it. I want to double check that.
Ethereum definitely doesn't have more hash power. In terms of miner rewards, Ethereum is paying more $ per unit time than Bitcoin is (parity is around .0583)
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Old 05-21-2017, 01:34 AM   #36
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Re: Ethereum - Blockchain App Platform

That makes more sense. Didn't think it was accurate.
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Old 05-21-2017, 02:21 AM   #37
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Re: Ethereum - Blockchain App Platform

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Heard on a podcast today that ethereum network is more secure now as there is more hash power securing it. I want to double check that.
They have different hashing algorithms, one is designed to be ASIC resistant the other isn't. They have about the same inflation measured in dollars and mining expenses will gravitate towards an equilibrium near the inflation.
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Old 05-21-2017, 08:46 AM   #38
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Re: Ethereum - Blockchain App Platform

This week is going to be insane. Man, I had missed gambling. I'm fairly leveraged right now and loving every second of it. The greed is real.
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Old 05-21-2017, 01:19 PM   #39
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Re: Ethereum - Blockchain App Platform

All i have to say is i bought 1000 ethereum when it was $10. Sometimes risk pays off. Haven't sold any yet
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Old 05-21-2017, 03:09 PM   #40
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Re: Ethereum - Blockchain App Platform

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Old 05-21-2017, 03:33 PM   #41
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Re: Ethereum - Blockchain App Platform

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All i have to say is i bought 1000 ethereum when it was $10. Sometimes risk pays off. Haven't sold any yet
Then it hasn't paid off yet.
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Old 05-21-2017, 03:49 PM   #42
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Re: Ethereum - Blockchain App Platform

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Ethereum definitely doesn't have more hash power. In terms of miner rewards, Ethereum is paying more $ per unit time than Bitcoin is (parity is around .0583)
http://www.trustnodes.com/2017/05/21...taking-bitcoin
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Old 05-21-2017, 03:52 PM   #43
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Re: Ethereum - Blockchain App Platform

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Then it hasn't paid off yet.
he has increased his net worth by $130,000. i consider that 'paid off' whatever that expression means.
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Old 05-21-2017, 03:52 PM   #44
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Re: Ethereum - Blockchain App Platform

It seems the paid activity on the ethereum network is increasing pretty rapidly:
https://etherscan.io/chart/gasused

Up 6x this year, 3x last 1.5months.
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Old 05-21-2017, 04:29 PM   #45
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Re: Ethereum - Blockchain App Platform

Assume the majority of that is from ICOs. If ethereum accomplishes nothing other than disrupting venture capitalism and providing an easier way to purchase and transact shares, then that is a huge success.

Of course I expect it to disrupt many other areas.
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Old 05-21-2017, 04:55 PM   #46
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Re: Ethereum - Blockchain App Platform

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he has increased his net worth by $130,000. i consider that 'paid off' whatever that expression means.
heh, i just assume he means i should continue holding because eth has alot more gains to make
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Old 05-21-2017, 05:21 PM   #47
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Re: Ethereum - Blockchain App Platform

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Yeah I know what they're referring to. This article is wrong and all the reddit threads about this are wrong. This is the sort of stuff that people are putting out just because it's very fitting to the hype and ongoing narrative. Great for my portfolio but very frustrating to see how clueless people are.

The Köppelmann Constant is a silly concept. If we equate "the most profitable to mine" the same as most secure, then why not call Zcash the most secure coin, as it is even more profitable to mine than Ethereum.

“The ETHBTC rate where Ether PoW mining yields the same value as Bitcoin mining. Also, it is the ETHBTC rate where Ether PoW expends more economic resources on PoW than Bitcoin.”
Great. That just means ETH miners are currently overpaid based on the ongoing price rally + ****ty emission curve + ice age delay that Vitalik singlehandedly decided on. Somehow that's been translated to mean Ethereum is the most secure blockchain.

My tone is a bit harsh, but that's just frustration at how little some of these people writing these articles actually know.
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Old 05-21-2017, 05:40 PM   #48
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Re: Ethereum - Blockchain App Platform

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Originally Posted by iloveny161 View Post
The Köppelmann Constant is a silly concept. If we equate "the most profitable to mine" the same as most secure, then why not call Zcash the most secure coin, as it is even more profitable to mine than Ethereum.
The Köppelmann Constant has nothing to do with profitability, more with how much revenue miners would generate in an equilibrium situation. It gives an indication how expensive a 51% attack would be, which is one possible threat.
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Old 05-21-2017, 06:20 PM   #49
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Re: Ethereum - Blockchain App Platform

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Originally Posted by H0RUS View Post
heh, i just assume he means i should continue holding because eth has alot more gains to make
i assume he means you still only have eth, and not actual cash money. so until you cashout, you have 0 to show for it.

Last edited by Zima421; 05-21-2017 at 06:20 PM. Reason: <rocket>
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Old 05-21-2017, 06:35 PM   #50
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Re: Ethereum - Blockchain App Platform

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i assume he means you still only have eth, and not actual cash money. so until you cashout, you have 0 to show for it.
I get what he means but that's a poor way to look at it. Why value cash money and not other assets?
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