really appreciate the answer thanx, will have a short look, but if situation is like this why online casinos or poker/betting platforms dont use alt currencies to avoid getting taxed or possible law trouble that wouldn't propably occur if there was no "money" involved? there must be a reason I suppose.

just read your answer again .... so by mining you mean?

anyone have a good analogy for why Ethereum has so much potential?

Is it kind of like Facebook creating an API so that any developer can build off their platform?

Sorry for being lazy but I've been reading for hours already


Are there alternate coins that do stuff Bitcoin can never do?

Think NMC is one of them. It has got something to do with DNS/Domains. But I am very much uneducated about it so don't take my word etc.

yes.

eg. peercoin has proof of stake. i'm sure a lot of other altcoins do too. btc doesn't.

ethereum's ether coin going to be vastly different as well. i don't know enough to make any sort of informative comments though.

there's so much cryptocurrency information, a lot of which is technical, so it's hard to know what's going on. i'm trying to figure it all out myself.

Bitcoin has a very underpowered scripting for spending Bitcoins. Most people think of Bitcoin scripts as just addresses, and they by far are the most common use cases. But there are many other of things you can do, which basically execute programs to determine if you are allowed to spend coins.

Much of this functionality is locked down right now since it could result in a fork or bug. Some of it has been slowly enabled or expanded to allow it to be easier used (adding multiple signatures required to spend is a good example). Ethereum is going even more complicated than even the full Bitcoin specification. This will allow you to have more complicated rules for distributing coins, which will allow you to make alt-coins within that chain very easily, for example.

It's a very ambitious project that could very well be unusable and bloated, or work great. It's too early to tell for sure, but it at least has potential and is doing something innovative.

Rough day for digital currency markets. My biggest complaint with Cryptsy is that you must hold a digital currency, rather than USD, CAD, etc

Mastercoin
Counterparty
Ethereum

Ethereum is hte most exciting right now due to the high caliber of the team they have created. The project scope is huge and possibly not possible.

Mastercoin developers take forever to do anything and that annoys people.

I own some counterparty coins but I have no information on it. Young project. To get the coins you have to burn or destroy bitcoins. Bitcoin is a proof of work currency, counterparty is proof of burn.

Hey guys, what do you think about this new NEM project?
https://bitcointalk.org/index.php?topic=422129.0

Yes, apparently you can mine them with a hardware. I am still not that good with the virtual coin though. I am sure there are answers everywhere by now.

wtf? you have to burn btc to get another coin? as a btc holder, I love the idea of other people doing this. how exactly does this bitcoin destruction work? when I'm done with this tourney, I might look into this further, cause my brain just asploded.

Here is the thread.

Here is where you can see how many counterparty coins have been created.

[Un]fortunately the amount of bitcoins burned will not affect the price more than a fraction of a percent.

So does anyone have further thoughts on Ethereum? TomCollins, looking at you! I read all the blog entries and have just started on the whitepaper, though I'm sure a lot of it will be over my head.

Does it concern people that they're asking for funds before it's actually developed and/or available for testing? In their 'Now Going Public' post, it's estimated that they can develop clients for 'as little' as 500BTC, which is obviously a lot of money. They are also looking to hold competitions for the best mining algorithms, and additionally they're opening up the development to the public. All of this seems fairly money-grabbish, but not necessarily. There is also a ton of trash-talk in the forums, and I find it hard to know how seriously to take the stuff people are saying.

Thoughts?

A friend of mine said, "I've got a hyperloop to sell you, but it's not built yet and I don't have the plans, but I know it can be completed in a month"

that seemed a little harsh, but it seems to me like he has a point. there's been a ton of hype but we don't really know if he can pull it off.

with that said, getting hype is pretty huge for a crypto. even my friend was planning on putting a tenth of a bitcoin or something into the IPO as a gamble

How do you feel about the "IPO"? I'm sure you've been following the BTCtalk thread where Gutshot adamantly opposes the release structure. He's a bit outlandish but he raises some valid points. The founders are accepting up to $24mm in BTC for the fundraiser with no risk, and also receiving .5X in ether. All for what basically amounts to vaporware ATM. Why such a high upper bound on crowdfunded $?

Yes those shares are heavily diluted after the first year, but same goes for the early adopters/crowdfunders. The founders will get rich off Ethereum regardless if it works or not.

Hey guys, if you are interested into altcoin trading/trading bots, you might want to check out this Cryptsy Automatic Trader: https://bitcointalk.org/index.php?topic=329168.1500

This is a shot in the dark, but if anyone has dogecoin and is interested in purchasing a social smoke gift card (hookah) see here.

It seems interesting, but I haven't dug that deep into it. People I know and respect like it a lot, so that's something it has going for it. It might be overly ambitious if anything.

Lot of people are hoping to get rich quick and have nothing to lose, so dumb money is getting tossed around. One of the reasons I'll likely avoid IPO is just because it's going to be so diluted. Mastercoin started the trend.

so does this mean you plan to avoid it altogether, or you think the price post-ipo will be cheaper per ether than what you're able to get during the ipo?

i also hate that it's referred to as an ipo when you aren't actually getting shares or an equity stake in the company, you're merely getting some coins.

I'll probably just stay away unless I spend some time trying to figure it out. Otherwise it's throwing darts. “I can calculate the motion of heavenly bodies but not the madness of people.”

no rush, delayed.
reason: too much hype!

http://blog.ethereum.org/?p=100/conf...raiser-updates

Couple questions:

1) Does anyone know a few not-so-big trading websites that are still legitimate (i.e. Coinex)

2) Other than manually comparing, is there an easy way to tell which ones are doing well on the smaller trading sites but haven't yet launched on the bigger ones (i.e. cryptsy, btc-e)?

I'm trying to find some alt coins that are early-stage, decent growth, have a good community, but are not super big/known yet. I know these are hard to find, but if anyone has had success in this, would appreciate your thoughts. Thanks

I think the best way is to scour the [ANN] section on bitcointalk.
Alternatively, you can go to Cryptocointalk.

This. The idea of these guys receiving a ton of BTC's plus half of the supply of their own currency is laughable. Of course that doesn't mean that it will fail, but the 'IPO' definitely seems like a terrible 'investment'

Did anyone participated in the recent Ethereum coin happenings?