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Ethereum, the new operating system for humanity

An hour long video? Did you watch it? Whats the verdict?

I'll check back in an hour and check it out. Too busy for an hour long video right now haha
 
If they were in the business of creating digital money, the extent to which their future plans seem to mimic our own, would be concerning; but their goals are so different I really don't see this being a problem.

I am going to call it though, Ethereum will be gone in 6 years. They are trying to do too much too soon.

Pablo.
 
Slock.it DAO demo at Devcon1: IoT + Blockchain

IoT+Blockchain Hackathon 2015, London | RS Components

Setting up your own central bank is just the start with Ethereum
http://www.ibtimes.co.uk/setting-your-own-central-bank-just-start-ethereum-1532146

Decentralized Aviation Administration on Ethereum network

Ethereum, the new operating system for humanity

Tyler Smith Talks About Ethereum DevCon1 & Free My Vunk at Houston Bitcoin Meetup

EB111 – Andrew Miller: The Gas Model And Ethereum's Economics
https://www.youtube.com/watch?v=91UekwMAXJs

Could Ethereum and DASH profit from each other?
https://www.reddit.com/r/ethereum/comments/3yrojr/could_ethereum_and_dash_profit_from_each_other/

Understanding Serenity, Part I: Abstraction - Ethereum Blog
https://blog.ethereum.org/2015/12/24/understanding-serenity-part-i-abstraction/

Understanding Serenity, Part 2: Casper - Ethereum Blog
https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/

Ethereum presents Mist
https://www.youtube.com/watch?v=IgNjs_WaFSc

Ethereum for Investors - Introduction [Part I]
https://www.youtube.com/watch?v=nDY0s_e3n34

Ethereum for Investors - Opportunities and Risks [Part II]
https://www.youtube.com/watch?v=1bn8Wwbum18
 
I don't understand a whole lot about using Ethereum since it's one of the more difficult cryptos to get into however I really admire the work they've put into creating a unique coin which would actually benefit humanity a lot.

In the next few years I really think Dash will start to become the "normal" currency and Ether will definitely be up there but with obviously a more niche market.
 
PrinceKael said:
I don't understand a whole lot about using Ethereum since it's one of the more difficult cryptos to get into however I really admire the work they've put into creating a unique coin which would actually benefit humanity a lot.

In the next few years I really think Dash will start to become the "normal" currency and Ether will definitely be up there but with obviously a more niche market.
Click to expand...

You have to keep in mind that Ether is not really "money". Rather it is a Token that you need to use the Ethereum ecosystem. We are actually doing a video series on this difference, but at the end of the day I don't think they are competitors, they are rather doing their own thing.

:)

Pablo.
 
fible1 said:
You have to keep in mind that Ether is not really "money". Rather it is a Token that you need to use the Ethereum ecosystem. We are actually doing a video series on this difference, but at the end of the day I don't think they are competitors, they are rather doing their own thing.

:)

Pablo.
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Oh yes, definitely, I forgot to mention that little tidbit. With Ether/Ethereum it's more about the system rather than the coin/token which makes it so interesting.

And I definitely don't see them as competitors, Ether serves a different purpose to Dash and both can be used in conjunction, just as I plan to support Dash and Ether as my #1 cryptos and occasionally my #2/hobby cryptos as I buy Bitcoin (only because I have to) and Peercoin which interests me for it's PoS system and minting feature.
 
InTheWoods said:
PrinceKael

A useless token basically. Ethereum is 90% hype right now. Not much real value to support the price of the token.
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No, not useless either. If Ethereum really does what they set out to do, they will really be a distributed world computer. Think of the resources of millions of small computers pooled in a Turing complete system. And all you will need to use the system is Ether. As the system grows, Ether could become more valuable, so it's likely not a bad investment. Its not something I would personally invest in, but I can see the logic behind those who do. Ethereum is one of those few projects that if actually reaches its goals, it will change the world; literally.

As to my comments, I was just making the point that tokens are not the same as cryptos.

Pablo.

As a side note, I've been playing with Ethereum, I gotta say, it's the easiest to install client on linux of any other crypto, bar none. Props to the devs for that.
 
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fible1
If we're talking a really transformative global network that's SAFE/Maidsafe not Ethereum. Ethereum is a glorified smart contract system.

Ethereum vs SAFE

Architecturally, Ethereum and the SAFE Network are quite different. Ethereum is based on a blockchain that features a turing complete scripting language, while the SAFE Network has no blockchain at all but achieves consensus within close groups. As for the applications that can be built on top of each system, it's too early to say. Ethereum is primarily envisioned for the writing of smart contracts while SAFE has the potential to replace the entire internet.

https://forum.safenetwork.io/t/how-does-ethereum-compare-to-maidsafe/456

Few words about Ethereum 1 & 2
 
InTheWoods said:
fible1
If we're talking a really transformative global network that's SAFE/Maidsafe not Ethereum. Ethereum is a glorified smart contract system.

Ethereum vs SAFE

Architecturally, Ethereum and the SAFE Network are quite different. Ethereum is based on a blockchain that features a turing complete scripting language, while the SAFE Network has no blockchain at all but achieves consensus within close groups. As for the applications that can be built on top of each system, it's too early to say. Ethereum is primarily envisioned for the writing of smart contracts while SAFE has the potential to replace the entire internet.

https://forum.safenetwork.io/t/how-does-ethereum-compare-to-maidsafe/456

Few words about Ethereum 1 2
Click to expand...

You make a good point, the first phase of Ethereum is billed to be a smart assets platform. However, you have to look at what they are packing under the hood, since the system is Turing complete, you can take the basic objects and program them to do whatever you want.

I mean, would it really be that difficult to create a distributed file sharing system on top of Ethereum, or a distributed hashing network? And all these would cost Either to deploy.

At least this is how I have understood the project, I think time will tell, but their ambitions and scale seem to go beyond mere "smart contracts" and asset management. That could have been done way more easily.

Maidsafe aims to take advantage of unused CPU and memory from users computers, but from what I understand of the architecture, it is not as expandable, or expandable, in the sense of Ethereum.

I think you are a developer, so you may know more about this than me, but that's my take on it. Also, I think the Ethereum community has a leg up on the Maidsafe credibility in terms of the whole mastercoin crowdsale fiasco and subsequent price decline. Further, mastercoin (now Omni I think?), is a sort of token to operate on the "application layer' maidsafe is trying to build, so it's really the same difference no?

:)

Pablo.
 
Pablo

Maidsafe is more versatile than Ethereum actually since it aims to recreate the whole internet. Hard drives will be used to farm Safecoin. This new internet will be a decentralized network, using hard drives from around the world for storage. The token will actually have a real use unlike Ether. The token will be required to purchase storage space. Also Nick Szabo believes Ether will be rendered useless by Rootstock. https://twitter.com/nickszabo4/status/651774200374525953 He's most certainly right. Those who hold Ether will become bag-holders in the not so distant future.

Problem with Ether is that it won't have much of a use. All this Ethereum hype is surrounding banks and companies like Microsoft running private blockchains that will rip off Ethereum's tech and do their own thing. Check out those two links I've posted above https://dashtalk.org/threads/i-thin...lution-or-whatsapp-for-money.7774/#post-80415 & https://dashtalk.org/threads/i-thin...lution-or-whatsapp-for-money.7774/#post-80449

The crowdsale you talk about wasn't a fiasco at all. It was the biggest amount raised by any crowdsale at the time (this took place before Ethereum). They've raised an amount of money they never really hoped for. Also I don't see how the crowdsale impacts the technology. They are two separate issues. Omni/Mastercoin was the first smart contract platform. Vitalik worked for Mastercoin initially before deciding to try the Turing complete idea which has its downsides, such as big potential security issues.
 
InTheWoods said:
Pablo

Maidsafe is more versatile than Ethereum actually since it aims to recreate the whole internet. Hard drives will be used to farm Safecoin. This new internet will be a decentralized network, using hard drives from around the world for storage. The token will actually have a real use unlike Ether. The token will be required to purchase storage space. Also Nick Szabo believes Ether will be rendered useless by Rootstock. https://twitter.com/nickszabo4/status/651774200374525953 He's most certainly right. Those who hold Ether will become bag-holders in the not so distant future.

Problem with Ether is that it won't have much of a use. All this hype is surrounding private blockchains that will rip off Ethereum's tech and do their own thing. Check out those two links I've posted above https://dashtalk.org/threads/i-thin...lution-or-whatsapp-for-money.7774/#post-80415 & https://dashtalk.org/threads/i-thin...lution-or-whatsapp-for-money.7774/#post-80449

The crowdsale you talk about wasn't a fiasco at all. It was the biggest amount raised by any crowdsale at the time (this took place before Ethereum). They've raised an amount of money they never really hoped for. Also I don't see how the crowdsale impacts the technology. They are two separate issues. Omni/Mastercoin was the first smart contract platform. Vitalik worked for Mastercoin initially before deciding to try the Turing complete idea which has its downsides, such as big potential security issues.
Click to expand...

Ok, we'll have to agree to disagree. Anyway, the outcomes of this discussion won't be seen for years, maybe a decade, so its really hard to figure out which of us is right. I will go through all your links tonight, I am always open to learning more about anything having to do with crypto:).

Pablo.
 
fible1 said:
Ok, we'll have to agree to disagree. Anyway, the outcomes of this discussion won't be seen for years, maybe a decade, so its really hard to figure out which of us is right. I will go through all your links tonight, I am always open to learning more about anything having to do with crypto:).

Pablo.
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Actually we'll probably see the outcome much sooner. Ethereum devs are already being recruited by banks. Their top guy Gavin just left not long ago. I'll give it 1 year tops for whole thing to collapse, 6 months maybe. They're also out of money by the way.
 
InTheWoods said:
Actually we'll probably see the outcome much sooner. Ethereum devs are already being recruited by banks. Their top guy Gavin just left not long ago. I'll give it 1 year tops for whole thing to collapse, 6 months maybe. They're also out of money by the way.
Click to expand...

Yep, again, you are right. My comments were about the potential of Ethereum if all goes well. I'm actually shooting a script advising people not to invest in token coins and I take a position against Ether. Also, notice I said, "this is not something I would invest in myself" in the first post. Rather my points were about how it would be a good investment if all went well :).

Pablo.
 
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I am yet to read up more on how DASH works (sorry) but thought I comment here.
  1. the dev team is not recruited by banks. Gav left to pursue his private for-profit ethereum business.
  2. we are not exactly out of money
  3. Ether can be used as money, cos ... it has all it needs for it to be money
  4. the distributed storage platform and content distribution network is being build (called swarm), and yes the ethereum infrastructure also has the vision to replace the internet, see Vitalik
    , Gavin
    , and best detailed here
    , specifically on swarm:
    and whisper:
  5. "Ether will definitely be up there but with obviously a more niche market." -- any specific reason you think it is niche within crypto?
Anyone working on a Dash Relay for Ethereum?
Hope we can stay friends :)
 
zelig said:
I am yet to read up more on how DASH works (sorry) but thought I comment here.
  1. the dev team is not recruited by banks. Gav left to pursue his private for-profit ethereum business.
  2. we are not exactly out of money
  3. Ether can be used as money, cos ... it has all it needs for it to be money
  4. the distributed storage platform and content distribution network is being build (called swarm), and yes the ethereum infrastructure also has the vision to replace the internet, see Vitalik
    , Gavin
    , and best detailed here
    , specifically on swarm:
    and whisper:
  5. "Ether will definitely be up there but with obviously a more niche market." -- any specific reason you think it is niche within crypto?
Anyone working on a Dash Relay for Ethereum?
Hope we can stay friends :)
Click to expand...

I agree with you on most points, except on Ether being "money". You can likely program money on top of it, but ether itself is a token; akin to a token at the arcade, you can use it to play video games or trade it for prizes, but not to buy bread at the corner store or pay for your gas; at least not directly. Vitalik made Ether inflationary to incentivize its use as opposed to it being hoarded like Bitcoin or Dash. If it were money, it would be one of the most inflationary currencies in the world, if memory serves, at 20% a year. The switch to proof of stake will not change this, and it shouldn't either, because keeping the supply of ether high, will keep the price of using the ethereum platform low, which will lower the barriers to entry and help it surge in the long run.

I agree with you that given the price rise it is being used as defacto money, but it is not intended to be, the central function of ethereum is its distributed computing engine, not ether. I think ether has very interesting times ahead, and like most in Dash I wish it the very best, but I am not convinced, after having read everything I could get my hands on that ether is money, or that it was ever intended to be money.

This is why I don't think we are competitors and also one of the reasons I think the ether price surge has been beneficial to Dash.

:)

Pablo.
 
Hello zelig ! Welcome to our world :) It is nice to see your interest in our forum and Dash.

Since you are here, I have a question about the management of your project (this is my area of responsibility here, so I am naturally very interested in this part of your project).
How do you manage project and coordinate your work in Ethereum (any specific tools/processes)?
Would you be also so kind and share some insights about your funding? It is obvious that you have a big source of funding - all of these PR and marketing activities have to be quite expensive. I suppose that developers have to pay their bills too and it means regular salaries. I am curious on how did you resolve the funding issue so quickly to gain so impressive growth (I remember you were in big troubles just few months ago)? I hope we could learn something from you :)
 
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