Quote from: Peter R on April 09, 2014, 02:48:14 AM

Quote from: af_newbie on April 09, 2014, 02:42:12 AM

Quote from: cypherdoc on April 09, 2014, 02:30:34 AM

Quote from: Peter R on April 09, 2014, 12:49:53 AM

Quote from: bitcoinsrus on April 09, 2014, 12:42:23 AM

You or someone should do this, sounds like a great project.

The next step I think would be to create a thread in the alt-coin section and reference it in bitcoin discussion, speculation, and reddit. This would get people thinking.

Then a bit later you clone the Ethereum website, explaining your proposed changes. The cryptocurrency market suddenly realizes that this is a credible threat. The Ethereum IPO is not taken as seriously as it otherwise would, and people continue to shift away from viewing alt-coins as get-rich-quick schemes, and onto viewing them as experimental platforms needed for the good of the community as a whole.

If this catches on, new alt coins will need to use the current unspent bitcoin outputs to have a hope of success (otherwise they'll be killed by a clone). This means that people can just invest in bitcoin, and be confident that they will be piggybacked on new important innovations.

EDIT: And like Adrian-X said, this "incentivises holding ones coins as opposed to leaving them in an exchange, or an EFT."

Peter R,

this is devious as hell, which is to say, i like it.

1. it gets rid of the #1 objection to participating in Ethereum; no dev fees or premine. the Bitcoin community could not say no to free æther.
2. it sets up a head to head competition btwn ethereum and æthereum. æthereum wins btwn the 2 b/c of the free distribution despite the devs threatening to stay with Ethereum. but whether either of them lasts long term will depend on it's merits.
3. it could set off a Bitcoin rally in the weeks before the Big Bang event as investors buy BTC in an attempt to get a larger share of free æther. longer term, as you say, it could be the altcoin killer.
4. Ethereum devs could defect to æthereum as their IPO implodes and they see the possibility to pick up cheap æther as it's dumped after the Big Bang. but only if they truly believe in Ethereum concepts. you too could pick up cheap æther if you decide to develop the initial æthereum.
5. it would be a great non threatening to Bitcoin way of testing turing complete.
6. even if devs stayed with Ethereum and developed versions 2,3, etc. since it's open source, æthereum could just co-opt the code.

i realize nothing i've outlined above is different than what you've already said. just needed to solidify the concepts in my own mind. i definitely think it's worth trying.

edit: the great thing about this is it's cheap to implement with little to no risk. just some time and some code. the upside is enormous even if æthereum fails b/c it probably drags down Ethereum with it and other altcoins liberating the funds wasted in that space to be invested into Bitcoin.

I think Vitalik just shit his pants. :-) Just watch him say that æthereum is not fair.

Yes. I think we've accomplished something here

As a side-effect, some people will probably start pulling their bitcoins out of exchanges to make sure that their share is recognized by æthereum, which might expose some fractional reserves.

edit: wording