Ethereum

[Theo Goodman]

Have you guys heard of Ethereum?

 

[Joseph Green]

Ethereum borrows the concept of decentralized consensus that makes bitcoin so resilient, yet makes it trivial to build on its foundation.

This is disruptive. I'd like to see it applied to Archive.org and Wikipedia.

 

[Theo Goodman]

yes this is really interesting.
If you are interested in these ideas we are doing somehting similar with tools that we already have.
http://www.reddit.com/r/worldcrypto...decentralise_the_world_and_make_world_crypto/

 

[AhmedAshraf]

I was a supporter of Ethereum; until they crashed the market with that huge 2K sellout.

 

[Theo Goodman]

yea, it seems that they did dump some BTC.

 

[Domainzy]

Anyone trading Ether? The genesis block was only 20 days ago! The price is gonna keep going down because investors are cashing out after waiting over a year for the genesis block!

Once the initial sell off over, the price is gonna go crazy! Remember: (Clickable link below)

THIS WAS THE 3RD LARGEST SUCCESSFUL CROWD FUNDING CAMPAIGN IN THE WORLD

 

[Theo Goodman]

ETH does have some good volume and moves to trade. I hear that the mining profits are still playing a big role in the price at this stage. At some point the POW stage will end and it will be POS.

 

[mvl]

ETH is definitely becoming an important coin now. Marketcap is huge and the list of multinational companies 'doing something with the ETH-blokchain' is growing.

 

[mvl]

http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

 

[mvl]

http://bitcoinist.net/thomson-reuters-announces-ethereum-blockchain-plans/

 

[mvl]

Seems like an unstoppable thing: http://mobile.nytimes.com/reuters/2016/03/02/business/02reuters-banking-blockchain-bonds.html?_r=0

In the mean time, the price of Ethereum is exploding. A month ago 1 ETH was traded for about $2 and currently the price is close to $10. And without any guarantees, I believe that we are still in the early adopters phase, so there is plenty of room for growth in the months and years ahead, certainly when eth-adoption by the big financial and tech companies is continuing to grow like it is now.

 

[Domainzy]

Anyone trading Ether? The genesis block was only 20 days ago! The price is gonna keep going down because investors are cashing out after waiting over a year for the genesis block!

Once the initial sell off over, the price is gonna go crazy! Remember: (Clickable link below)

THIS WAS THE 3RD LARGEST SUCCESSFUL CROWD FUNDING CAMPAIGN IN THE WORLD

Wow, it seams like just yesterday that Ethereum was only .30 cents. I should have made a $10 price prediction last year!

I hope a year from now I stumble across this post and Ethereum is over $100 per ether.

(my 365 day prediction: $117 per Ether on March 27 2017)

 

[mvl]

Synereo AMP is on Poloniex now. I decided to sell my stack and convert it to Ethereum. Made a nice profit on AMP and I think (no guaranteed) that Ethereum is quite cheap now. I wonder what the explanation is for the slightly lower price now. Could it be that investors try to save some funds to invest in Lisk when it is launched April 11 (next monday) ?

 

[kittu]

Ethereum app building competition -- winner gets $2,50,000 job offer + shares
http://cointelegraph.com/news/runcp...eum-app-competition-with-250000year-job-prize

 

[mvl]

4.34 million Eth is already invested in DAO tokens, with the campaign running for another 16 days

 

[Domainzy]

4.34 million Eth is already invested in DAO tokens, with the campaign running for another 16 days

I cant say thanks enough! Your always on top of the latest and greatest blockchain tech!..... $$$$$

 

[Theo Goodman]

What do I need DAO for?

 

[asset.domains]

What do I need DAO for?

It will be a sort of company with transparent voting rights and prevention against bad share buyers ( ex if someone gets 51 % and will order to transfer all eth to his account) people must get a personal wallet download that from official sources and manage to buy eth then send the desired amount to DAO , the you can include your DAO investment in your ethereum wallet, you will see D's (Dao tokens = your voting rights ) if Dao will create projects with ! Revenue, owners if these DAO will get % sort of resume.

After the 28 may people will delegate the responsible to deal with contractors, the guys that will do things based on order of majority of the vote (20 % minimum needed i think )

DAO seems to be a big project, can kill the like of kickstarters etc

The only risk seems legal, also there are some ! Security issues if someone will get your wallet and hack the password

Eth seems to be the next bitcoin
Because it is smarter : )

 

[Theo Goodman]

ETH is not the next bitcoin.
The DAO is not going to be smarter than a VC company, most startups fail, with a hive mind or mob of self interested DAO holders there is a recipe for disaster in investment choices.
As the price of ETH/USD falls, so does the investment power of the DAO. The startup can not live from ETH they need to change in to fiat to function.
Security issues are not just client side, but the security of the ETH blockchian itself.
Not to mention the legal issues with issuing securities and the DAO working as a way for people
wash their ETH profits.
Nobody has shown how all of this works better than kickstarter, because it doesnt.

 

[Theo Goodman]

https://steemit.com/crypto-news/@dan/is-the-dao-going-to-be-doa
" Smart Contracts cannot fix Dumb People " - It's funny, but true. A prime example is that 90% of traders lose money or blow their account. Just because a majority of people think something is a good idea, does not make it a good investment, and frequently they get run over and lose the money.

As one of the primary goals of a DAC or this ' DAO ' is to make money, and returns on peoples investments, this fact has always kept me out of investing in this.