[ANN] Ethereum: Welcome to the Beginning - page 1203.

MasterOfCoin

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Quote from: MasterOfCoin on November 12, 2014, 02:24:22 PM

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

I suppose this article on coindesk provides a good enough answer to my question/concern.
http://www.coindesk.com/counterparty-ignites-debate-ethereum-software-integration/

Specialkey

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On what for an exchagne Ethereum is traded?

Thx for information Grin

Momimaus

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Never back down !!!

Quote from: Come-from-Beyond on November 13, 2014, 08:36:56 AM

Quote from: Momimaus on November 13, 2014, 08:18:19 AM

Ethereum will dominate the smart contract business. Don´t worry.

Counterparty is not the only competitor, don't relax too much...

I think NXT has the same problem. Blocktime.
But if it comes to NXT vs Ethereum, then I am on the winning side anyway. Cheesy

But smart contracts on the Bitcoin blockchain with 10 minute blocktime can possibly handle 1% of all possible features. That´s just nonsense imo.

belmonty

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Quote from: abuelau on November 13, 2014, 09:11:48 AM

Quote from: Come-from-Beyond on November 13, 2014, 08:36:56 AM

Quote from: Momimaus on November 13, 2014, 08:18:19 AM

Ethereum will dominate the smart contract business. Don´t worry.

Counterparty is not the only already working competitor, don't relax too much...

What already working competitors are there, and by already working I mean on main net (not test net)?

I know NXT has AT on test net, counterparty has smart contracts on test net, and ripple has codius (but I heard it's still being developed).

I have not heard of any coin with something on main net.

abuelau

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www.coinschedule.com

Quote from: Come-from-Beyond on November 13, 2014, 08:36:56 AM

Quote from: Momimaus on November 13, 2014, 08:18:19 AM

Ethereum will dominate the smart contract business. Don´t worry.

Counterparty is not the only already working competitor, don't relax too much...

Come-from-Beyond

legendary

Activity: 2142

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Newbie

Quote from: Momimaus on November 13, 2014, 08:18:19 AM

Ethereum will dominate the smart contract business. Don´t worry.

Counterparty is not the only competitor, don't relax too much...

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

Quote from: MasterOfCoin on November 12, 2014, 02:24:22 PM

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

It won´t have any effect. People will realise that smart contracts with 10 minute blocktime is pointless. Even 1 minute is way to long. Vitalik posted that they aiming 2-3 seconds. Counterparty panic buys will have a hard time when this gets clear. This is just a marketing gag.

Ethereum will dominate the smart contract business. Don´t worry.

BTCMILLIONAIRE

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Quote from: MasterOfCoin on November 12, 2014, 02:24:22 PM

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

Ethereum just got raped by Counterparty Cheesy

romerun

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Bitcoin is new, makes sense to hodl.

well, think of it as ether investors fund xcp development, just like mastercoin.

The major problem that I have with msc and ether is they are more like company which can suffer from running out of fund, conflicts of interest and whatnot.

Bitcoin and counterparty are more of movement.

Dusty

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Libertas a calumnia

Quote from: MasterOfCoin on November 12, 2014, 02:24:22 PM

"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

That simply means that the people that bought ether have thrown away their money.

Now ethereum can work on top of counterparty and tomorrow, if ethereum still exists and useful, will be implemented as a two way pegged bitcoin sidechain.

MasterOfCoin

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"Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."

How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?

https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/

gomei

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Quote from: geyu on November 09, 2014, 01:59:51 AM

I invested in BTC.. feels nice.
I'm not too worried about the market. Grin

me, too , we can wait for the launch,
maybe the btc at that time is so high.

geyu

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I invested in BTC.. feels nice.
I'm not too worried about the market. Grin

sly5am

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Quote from: superresistant on October 15, 2014, 08:16:28 AM

Quote from: JulioCesar on October 15, 2014, 05:40:24 AM

Quote from: superresistant on October 14, 2014, 08:21:53 AM

Quote from: BlindMayorBitcorn on October 13, 2014, 04:37:54 PM

Quote from: bitcoinpaul on October 13, 2014, 04:34:01 PM

http://i61.tinypic.com/34guhqw.png

This could use an explanation for those of us that don't speak weird random letters and numbers

Thx

Nxt will release its own Turing-complete scripting language before Ethereum.

Turing-complete scritping language? Can you explain for non tecnical users

It means that the blockchain will be able to do things by itself.
It makes the blockchain alive.

It is the Saint-Grail for some, hell for some others.
It means that almost anything is possible, for better or for worse.

The Pandora box will be open soon.

LOL hardly, nice fud though

BlindMayorBitcorn

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Quote from: Vlizzjeffrey on November 08, 2014, 06:32:43 AM

lots of people lost their money on this shit

Dude. It isn't even out yet Roll Eyes

Vlizzjeffrey

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Bitcoin King BTC

lots of people lost their money on this shit

superresistant

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Quote from: Dusty on October 26, 2014, 12:06:35 PM

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

Ethereum is designed to have its own blockchain but the day sidechain is available (if it is possible), there will be many Ethereum clones as sidechain.

Skoupi

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Skoupi the Great

Quote from: BitAddict on October 28, 2014, 09:49:05 AM

Quote from: Skoupi on October 28, 2014, 08:41:52 AM

Quote from: BitAddict on October 26, 2014, 07:56:50 PM

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

True, I was wrong in that.

But it doesn't make a lot of sense to send coins to a sidechain when you are going to have inflation while price is pegged to bitcoin. Holding this sidechain coin will give you less profit than holding bitcoin itself.

Well maybe the sidechain will have more than one native tokens in a way that makes sense. Or maybe a predictable dilution on the value of your sidechain coins might be treated as the cost of buying a certain sidechain functionality.

BitAddict

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Quote from: Skoupi on October 28, 2014, 08:41:52 AM

Quote from: BitAddict on October 26, 2014, 07:56:50 PM

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

True, I was wrong in that.

But it doesn't make a lot of sense to send coins to a sidechain when you are going to have inflation while price is pegged to bitcoin. Holding this sidechain coin will give you less profit than holding bitcoin itself.

Skoupi

sr. member

Activity: 252

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Skoupi the Great

Quote from: Dusty on October 26, 2014, 12:06:35 PM

So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?

Afaict a clone of the ethereum protocol can be built as a sidechain of bitcoin. The official premined/IPO'd ethereum can't be pegged obviously...

Quote from: BitAddict on October 26, 2014, 07:56:50 PM

In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.

Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i

Topic: [ANN] Ethereum: Welcome to the Beginning - page 1203. (Read 2007101 times)