Quote from: Daedelus on February 16, 2015, 06:05:12 PM

Quote from: Momimaus on February 16, 2015, 05:49:11 PM

Quote from: Daedelus on February 16, 2015, 05:10:23 PM

Quote from: Momimaus on February 16, 2015, 04:38:53 PM

Quote from: VOR on February 14, 2015, 09:46:59 PM

re: Bitcoin, Darkcoin, Ethereum, Ripple, et al..

I was listening to a podcast yesterday with one of the Ripple guys. I know almost nothing about Ethereum but I'm assuming its similar to Ripple. That's to say, a massive system that makes it possible to transfer assets globally, be it currency, contracts, whatever.

Here's what I don't get. Why the need for a native Ripple currency inside this system, if the stated purpose is a system to make it safe for transfering BTC, dollars, etc.. What would be the point of the "native" ripple currency? What's the point of "Ethers" in ethereum? What's the point in having 500 different "altcoins"?

Err nope. Ethereum plays a complete different game on a complete new level.

Here please educate yourself:
http://forum.ethereum.org/
https://blog.ethereum.org/

Of course we don´t need 500 alts. That´s one thing Ethereum is about. A featurless platform instead of many altcoins, everyone with one special feature. An Ethereum you can build everything, and that very easy.

Do they still plan to use their own custom language?

I am not 100% sure, and maybe not uptodate, but I think they provide a costum lanuage for creating Apps and smart contracts.
But it should be easy to learn for coders with html, etc. skills.

But don´t cruzify me if I am wrong.

Maybe this articel helps a bit: http://etherscripter.com/what_is_ethereum.html

If you want to get deeper in it, you have to watch Vitaliks Videos or read his blogpost. But that´s kind of hard for a non-coder like you and me :-)

I got my info on Ethereum from CIYAM (he has his own project, AT, but I have only seen him to be balanced in technical matters). He is critical on the basis of the custom language and the need for a dedicated browser to use it.

I get the feeling Ethereum will be a slow burn, there is friction to adoption and use that can't be solved before launch (end march 2015 IIRC? I am dubious they will be ready by then too). And there is currently know appetite for Smart Contracts (as Come-from-beyond argues and seen in the wild). There are already blockchain options out there (http://www.smartcontract.com for one) that have had little visible impact.

If I held Ethers, I would sell down through launch week/month (I think there will be a pop, could be a big one depending on mainstream media coverage) and look to buy back in at 15-30% the initial price and have a 3-5 year outlook form there. I think anyone expecting to get rich on holding ethers quickly will be disappointed.

I think they are both biased a little bit. But anyway you have to make up your own opinion cause everybody has his own agenda.

My opinion is that Ethereum will be traded way bigger than the IPO, and I mean WAY bigger. And the IPO price will never be hit again.
Why? Cause the IPO buyers bought when there was absolutely nothing than a concept. And there was huge progess in the last 6 months, and nobody was able to buy.

And why is Ethereum that different? Vitalik tries to build the best blockchain with his knowlegde about the last years, not just a feature or something. He is like a scientist. And second the ETH-Team does not try to replace Bitcoin like everybody else. They try to look at the big picture, and build the backbone of the coming project. I can´t find the matrix, but Vitalik pointed a scenario how the future could look, and Ethereum is just a part. Of course an important part, but he is open for innovativ projects to work with. Just watch some vids, he is impressive, kind of like a blockchain-Mozart.

AND there is no need for smart contracts? Maybe Samsung and IBM have a different look than CFB. I hope he will release his opinion and try to work with V. together. Hardware by CFB with Blockchain by Vitalik. Sounds like a fucking awesome team.

So, for this get rich quick thing. That works almost never ever anyway. The only thing we can do is try to get in low and sell high. For me this is not one of this bad iPOs where early investors buy something and dump it after launch, and it wasn´t ever. I am looking for the next big thing, not just in Crypto, everywhere. And imo Ethereum could be this next thing. Besides that there is just maidsafe, nothing else in Crypto has to potential to play in a league with Google and co.

You will say, why not NXT? Cause I think they don´t have the potential to play that big, but there is certainly a nische where they can be successful, but the world changing things, like the Internet, won´t happen on NXT. But honestly, being ebay or facebook is not that bad of a thing, isn´t it?