Topic: [ANN] Ethereum: Welcome to the Beginning - page 1247. (Read 2007155 times)

LOL seriously?  

"Ethereum" comes from Blizzard Inc, World Of Warcraft.

http://www.wowhead.com/search?q=Ethereum

I honestly don't take anything that just picks a random name from a World of Warcraft game any serious. Didn't even have the creative energy to make their own unique name huh? Had to "borrow" it from a game.  

And almost 40% pre-mine goes straight to devs? This is just another freakin' "DevCoin". Same shit, different package + some scripting language built into it. God-syndrome infected Greed Extravagante Deluxe. (As in, "I'm the dev, and all your money are belong to me(TM).")

I'm not even going to touch the mountain of technical problems and security-loopholes regarding the built-in scripting engine inside ethereum-coin will create at all. I'll leave that to the miners who experience it first-hand. Good luck.  

the name Ethereum makes sense. Comes from latin Aether, Aetherum is just the "plural" of Aether, that means "heaven", "air", "sky", so it means, "many skies"... that's all Ethereum is about, endless possibilities, like many horizons, without a "set in stone" begin and end.

Inflation!?  Got a link?

Q: What is the most common misconception/myth about the ethereum project that you've seen so far?

1. Ethereum is not your personal decentralized Amazon EC2 instance. You will not be able to run anything on top of Ethereum that you cannot run on a smartphone from 1999.

2. The inflation rate is 0.4x the amount released in the presale per year, not 40% per year. That is, we'll have 1.5x after 0 years, 1.9x after 1 year, 2.3x after 2 years ... 401.5x after 1000 years, 401.9x after 1001 years, etc.

Q: The inflation in the product seems too high at 0.4X. Are there any plans to reduce this.

A: It depends upon other factors as well including what is done with fees, the fee structure, how people use ether, etc. We are building a lot of models, but I know that we are going to change the inflation weight.

{Charles}

Q: in the white paper it says, "0.4X ether will be mined per year forever after that point". Won't this create a massively inflating currency after the currency adoption peaks? Assuming Ether is widely used globally at some point and growth in adoption of ether is far less than 40%, won't a 40% annual currency volume increase be a problem?

A: .4X of the initial fundraiser. It will be increased by the same fixed number of eth each year, which will be a lower % of total eth in circulation each year.

A: Here's a handy graph - https://i.imgur.com/of1zoPC.png?1

Let's call it "Mellon"!

well, latin is cool but it's a dead language and typically you only see pharma companies or hedge funds use these type of naming system, coz they want to shut publicity or enhance uniqueness  (like for medicines ) , which i believe it's not what "Ethereum" is about; at the end of the day, etheruem (damn, i couldn't spell it right each time i type it) is a "consumer product", only an "Apple" like name will get you home run, you know what i mean.

good to know!

the name Ethereum makes sense. Comes from latin Aether, Aetherum is just the "plural" of Aether, that means "heaven", "air", "sky", so it means, "many skies"... that's all Ethereum is about, endless possibilities, like many horizons, without a "set in stone" begin and end.

Yep, no more questions will be answered in an unmoderated thread, better to address questions in an "OP-moderated" thread.

These thread was unmoderated and I've seen NO trolling nor abuse, just both critics and supporters. Why a moderated thread?

that's the problem, thanks

QA thread: https://bitcointalk.org/index.php?topic=448923.40

We're also going to run an AMA on Reddit very soon. I'll post the time and dates and soon as all this is confirmed.

http://j.mp/ethereum_code_faq

http://j.mp/ethereum_mining_faq

http://j.mp/ethereum_investment_faq

http://j.mp/ethereum_meetup_faq

And of course, our blog is at blog.ethereum.org

You mean "No more questions will be addressed in this thread. Please refer to the self-moderated Q&A thread."

Why so scared?  

to be honest I am just investing in etherium for the bubble, I don't believe in the idea,

You mean "No more questions will be addressed in this thread. Please refer to the self-moderated Q&A thread."

Why so scared?  

Charles did his own marketing attempts trying to push this Vitalik as uber genius geek narrative (which he may or may not be. some said he's really clueless on financial side and that might impact way he sees the design of the system in a negative way). The Invictus guy seemed bit weasel like, but he is smart and creative. Their distribution model with angel shares and such was pretty creative, though I wouldn't bet on them. Keep in mind though Charles split from Invictus, so Charles did plenty of work to bring protoshares where it is now. He basically started fresh with Ethereum and needs to catch up a fucking LOT to both Mastercoin and Protoshares (invictus), but especially Mastercoin which now has functional decentralized exchange in beta stage, while Ethereum only has "touring complete" talk and fantasies and a failed IPO attempt.