Topic: [ANN] Ethereum: Welcome to the Beginning - page 1246. (Read 2006044 times)

Charles & Vitalik,

I agree with the premise of decentralized database of contracts that eliminates centralized trust, but getting there requires we also pay attention to some realities.

As I explained to Charles on the phone last year, there is a fundamental flaw in your design which as far as I can see makes it untenable.

A Turing complete scripting layer run by the full clients (mining nodes) is subject to the Halting problem. You are begging for Murphy's Law due to centralizing chaos. When we run JavaScript in our Chrome browser, we are not requiring Google's servers to run the scripts. I see your mitigation is to charge the contract per line of code executed (beyond 16) for each transaction on the contract. However the cost of execution is "not one size fits all", thus you prevent innovation and bind together that which should be decentralized freedom.

Perhaps the tenable solution will be something along the lines of CoinWitness, where the script is run externally and only the proof is run by the mining nodes. On your blog you mention this technology but not for the purpose of fixing the problem I am claiming.

As I explained to Charles on the phone, I don't think your proof-of-work will remain consumer PC cpu-only.

Also you admit on your blog that you don't address the centralizing of mining.

Interested to see the progress you all make.

theyre doing fine

They haven't changed their IPO? They acted like we care about something being undeveloped.

What we really care is about is a fair IPO. Ethereum is still failing, and they aren't even trying to address the real issue.



Whores will be whores till the day they die.




I'll buy your Ethereum at a 66% discount when it hits Poloniex

I think this problem with this IPO is more will be raised during the fund raiser than the supply of fresh money coming in after, the real irony is although this is probably the most innovative thing in crypto since bitcoin it's also the most likely to make a loss on post IPO.

About this I'm talking

Yep, you just need to be the very first in and the very first out - like in all ponzi schemes.

Irony?
New coins give not bad profit, by the way. only need to know when to buy and when to sell) that's all

I can't wait to see all of you dumping coins and taking a huge painful loss.

You will learn the lesson the hard way.

well guys, can't wait when i can buy eth looking forward

Not yet

Has the funding ethereum started? I mean funding not buying Eth if there is a difference there.

yey for ipo delay! still have time to save up 

so true, listen to this man!

should read the blog from Ethereumhttp://blog.ethereum.org/2014/02/13/important-statement-regarding-the-ether-pre-sale/

this clear on etherium.org
dont buy ETH at peercover! be aware

Never gamble your money, gambling sites are like a black hole, even if you doubled your money in those websites, you never take out, untill your bitcoin is converted to 0. And then you regret yourself, remind yourself that even if you gamble and win, you will keep gambling to the point where you will lose all. been there, done that, recovered from gambling. never gambled again. 

https://bitcoinpaperwallet.com/

The longer I have my money in BTC instead of ETH, the more I piss away by gambling online.  Can this thing start already? 

I read the blog http://blog.ethereum.org/
Can anyone confirm if PeerCover is actually offering a forward contract on Ethereum?
If so, how can Peercover guarantee they can buy enough to cover their obligations?
I guess they can't.