[ANN] Ethereum: Welcome to the Beginning - page 1204.

BitAddict

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Quote from: Patel on October 26, 2014, 05:25:55 PM

Quote from: BitAddict on October 26, 2014, 04:59:02 PM

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?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

http://www.reddit.com/r/ethereum/comments/2k6otf/implementing_ethereum_as_a_bitcoin_sidechain/clj59or?context=3

Two way pegged should not be considered sidechain.
Sidechain means a chain that depends on another chain (the main chain or a higher chain).

Bitcoin and Ethereum blockchains will be independant, none is sidechain to another.

Seems similar but it is not. You will be able to enter/exit instantly in both scenarios, but while you're in a bitcoin sidechain price will be pegged to bitcoin. That means if you buy 1btc in the sidechain and after you cashout you will have 1 bitcoin. But if you move to Ethereum you will (instantly) buy Ether at market price and then you will cashout at another market price.

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.

Patel

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Quote from: BitAddict on October 26, 2014, 04:59:02 PM

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?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

http://www.reddit.com/r/ethereum/comments/2k6otf/implementing_ethereum_as_a_bitcoin_sidechain/clj59or?context=3

BitAddict

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Merit: 1001

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?

No, because Ethereum uses its own coin.
You can 2-way peg any coin to another, but that's not a sidechain.

Dusty

hero member

Activity: 731

Merit: 503

Libertas a calumnia

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?

salsacz

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Quote from: CryptoCurrencyInc.com on October 25, 2014, 10:48:12 PM

Is this the official NXT asset for Ethereum?
http://nxtreporting.com/?as=15614331038940083829

most probably scam, I don't trust to the issuer: https://nxtforum.org/index.php?action=profile;area=showposts;u=2444

So defeinitely not official and quite risky

leannemckim46

sr. member

Activity: 420

Merit: 250

Quote from: BetMoose on October 19, 2014, 07:44:26 PM

Quote from: UnicornFarts on October 17, 2014, 10:17:23 PM

Quote from: BetMoose on October 17, 2014, 10:08:52 PM

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

Sure - I'll make a bet they release the Genesis block by the end of April with the turing completeness in tact. 1/1 odds.

Alright come place your wagers on the genesis block launch:

___________

Launch of Ethereum's Genesis Block

Options: Dec 2014 or earlier | Jan - Feb 2015 | Mar - Apr 2015 | Apr - June 2015 | June 2015 or later (or never)

June 2015 or later (or never) seems safe for those that invested in Ethereum.

CryptoCurrencyInc.com

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Activity: 476

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Is this the official NXT asset for Ethereum?
http://nxtreporting.com/?as=15614331038940083829

BetMoose

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Activity: 372

Merit: 250

Real Bets. Real People. By Anyone, on anything

Quote from: UnicornFarts on October 17, 2014, 10:17:23 PM

Quote from: BetMoose on October 17, 2014, 10:08:52 PM

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

Sure - I'll make a bet they release the Genesis block by the end of April with the turing completeness in tact. 1/1 odds.

Alright come place your wagers on the genesis block launch:

___________

Launch of Ethereum's Genesis Block

Options: Dec 2014 or earlier | Jan - Feb 2015 | Mar - Apr 2015 | Apr - June 2015 | June 2015 or later (or never)

starblocks

hero member

Activity: 1344

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Quote from: ?? on ??

June 2015 - always double estimated time of software developers

But, it will be awesome !

Everything goes down mideway next year your are correct

UnicornFarts

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Merit: 100

Quote from: BetMoose on October 17, 2014, 10:08:52 PM

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

Sure - I'll make a bet they release the Genesis block by the end of April with the turing completeness in tact. 1/1 odds.

BetMoose

sr. member

Activity: 372

Merit: 250

Real Bets. Real People. By Anyone, on anything

I feel like if progress is slow, they should bring on more developers using the funds they received. I'm also wondering if the funds they received were more, equal to, or less than they expected. Is there a budget anywhere?

Anyone want to make a bet on Ethereum's success or progress by certain milestone dates?

pand70

sr. member

Activity: 476

Merit: 250

This project is ambitious. I can give them that... But still working on consensous algorithms? It feels like they try really hard to show something original and groundbreaking but fail to do so... Roll Eyes

UnicornFarts

full member

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https://blog.ethereum.org/2014/10/17/gavs-d%CE%BEv-update-ethereums/

superresistant

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Quote from: BlindMayorBitcorn on October 15, 2014, 06:18:27 PM

I'll come back when you guys are talking about Ethereum Tongue

Ethereum is about Turing-complete scripting language.
Without it, it is nothing more than another copycoin.

Quote from: visual111 on October 15, 2014, 09:42:49 AM

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

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.

maybe you could elaborate? the only thing I know can happen with AT is dividend payments. does this make DACs possible also?

Dividend payment should be the first use.
A Decentralized Autonomous Corporations would need Automatic Dividend Payment in order to exist so yes.

BlindMayorBitcorn

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I'll come back when you guys are talking about Ethereum Tongue

visual111

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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.

maybe you could elaborate? the only thing I know can happen with AT is dividend payments. does this make DACs possible also?

BitThink

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Activity: 882

Merit: 1000

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.

The transaction becomes code and the node becomes interpreter. However, there's no luxury to tolerate crash on bugs or worse dead loop on buggy code. Now you can see how excite and meanwhile how risky it is.

superresistant

legendary

Activity: 2156

Merit: 1131

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.

JulioCesar

member

Activity: 64

Merit: 10