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Topic: [ANN] Ethereum: Welcome to the Beginning - page 1254. (Read 2006044 times)

member
Activity: 116
Merit: 10
February 02, 2014, 01:42:52 PM
Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?

Woah woah woah...wait a minute.  Where does the author get this idea?

Quote
Bitcoin simply cannot organically adapt to handle anything more than the 7 tx/sec limit that Satoshi originally placed.

This is absolutely inaccurate and in a big way.  In fact, correct me if I'm wrong but so far as I can recall, the limit on the block size didn't even exist in the original qt client.  This limit is imposed by consensus and can be lifted by miners if not eliminated completely though that's a dubious suggestion at best.

I find the entire premise to be incredibly flawed.  The fallacy of market based solutions?  My goodness, this seemed alarmingly out of touch to me.
newbie
Activity: 10
Merit: 0
February 02, 2014, 11:59:34 AM
Hi LeChatNoir,

Please take a look at the last article on the ethereum blog: http://blog.ethereum.org/2014/02/01/on-transaction-fees-market-based-solutions/

This explains a lot about fees and changes that might happen in the white paper regarding the fee structure.

Off-Topic: Are you French?
hero member
Activity: 699
Merit: 501
Coinpanion.io - Copy Successful Crypto Traders
February 02, 2014, 11:15:38 AM
Vitalik, anthony and I brought the original team together and the whitepaper did the rest. I don't know what to think of these Nxt people to be honest. Apparently our tech sucks, Nxt is better. We have been Co - opted by evil bankers yet our entire team is transparent unlike certain other teams of 71 Smiley oh and vitalik is a time traveling android sent from a dystopian future (Btw there is seriously a graphic novel coming out about it called vitalik ad 2134).

Levity aside, use common sense and good judgment. When we release the prospectus and business plan read them and do your due diligence. Look at our partners and strategy and most importantly our technology. There are some enormous frustrations in the financial world with how things are structured. It's unfair and corrupt also totally inaccessible to billions of people. Don't you think at least 2 people from the industry would like to be on a project that makes the world a better, more fair place?

I understand how you guys feel. I really do see a lot of frustration and anger in these forums. I felt the same when I was in the Ron Paul movement back in 2008. It was terrible to feel helpless and ignored. The difference today is that we have technology that can accomplish anything you want. I just want the community to help us build it, protect it and evolve it to meet the challenges of then future.

The problems we face are now too complex for a single  hacker to resolve. They require a community, large investments in time and resources as well as a dream for a better world. Set the IPO aside and all the other petty grievances and help me make ethereum.

Hi Charles,
relative to fees structure, can you please explain why you chose these numbers?

Quote from:  Ethereum white paper
   TXFEE (100x) - fee for sending a transaction
    NEWCONTRACTFEE (100x) - fee for creating a new contract, not including the storage fee for each item in script code
    STEPFEE (1x) - fee for every computational step after than first sixteen in contract execution
    STORAGEFEE (5x) - per-byte fee for adding to contract storage. The storage fee is the only fee that is not paid to a miner, and is refunded when storage used by a contract is reduced or removed.
    DATAFEE (20x) - fee for accessing or setting a contract's memory from inside that contract
    EXTROFEE (40x) - fee for accessing memory from another contract inside a contract
    CRYPTOFEE (20x) - fee for using any of the cryptographic operations

TXFEE is 5 times CRYPTOFEE, does it mean it takes 5X computational power for the network to process the first type of operation?

GL for the project!
sr. member
Activity: 452
Merit: 251
February 02, 2014, 11:03:47 AM
IIRC someone mentioned that more information would be available around Feb. 20.

Do you know where? Don't how I missed it. xD
legendary
Activity: 1120
Merit: 1000
February 02, 2014, 10:59:42 AM
Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.

IIRC someone mentioned that more information would be available around Feb. 20.
newbie
Activity: 39
Merit: 0
February 02, 2014, 10:07:18 AM
Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.

sorry, Im not sure where I've read that, but it stuck with me that somewhere in the later part of Feb we'll have some sort of other structure for the IPO.
sr. member
Activity: 452
Merit: 251
February 02, 2014, 09:53:51 AM
The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.

Where did you get the 2-4 weeks number? I don't believe there's been any talk about a specific timeline.
sr. member
Activity: 452
Merit: 251
February 02, 2014, 09:52:03 AM
Im interesting to invest this hope remember follow Smiley

full member
Activity: 219
Merit: 102
February 02, 2014, 09:12:36 AM
Im interesting to invest this hope remember follow Smiley
newbie
Activity: 39
Merit: 0
February 02, 2014, 09:01:13 AM
Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.

The initial IPO was postponed.
We will be able to invest in the IPO in 2~4 weeks - keep an eye on ethereum.org for official announcements.

Much later, you'll be able to mine ether when ethereum is launched.
legendary
Activity: 1232
Merit: 1001
February 02, 2014, 08:52:51 AM
Where and how do I invest in the IPO?

The original informations seems to have been deleted from the initial post.
member
Activity: 112
Merit: 10
February 02, 2014, 08:27:00 AM
Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.

thnx for the info Smiley
newbie
Activity: 39
Merit: 0
February 02, 2014, 08:25:29 AM
Aha oke, and in the near future also not possible to mine?

It will be possible to mine for real when the actual release will take place. Right now you can only test.
member
Activity: 112
Merit: 10
February 02, 2014, 08:08:01 AM
so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least

Aha oke, and in the near future also not possible to mine?
newbie
Activity: 39
Merit: 0
February 02, 2014, 07:16:10 AM
so we can mine this coin?

As you can read on code.ethereum.org ,

"This is untested, alpha software that exists as a proof-of-concept only. This is not meant for general usage and comes with absolutely no guarantees to do anything useful!"

So no, you cannot mine it. Not for real at least
member
Activity: 112
Merit: 10
February 02, 2014, 07:13:36 AM
so we can mine this coin?
legendary
Activity: 2142
Merit: 1010
Newbie
February 02, 2014, 07:09:23 AM
In the Jason Bourne novels by American author Robert Ludlum the department within the CIA which made Bourne and the other super agents is called Treadstone Seventy-One. The fact that the original Nxt contributors are 71 in number must mean the CIA is behind Nxt! It's a cryptic message... I can't believe no one has figured this out yet!

Nxt genesis account password was cracked 2 days ago. The password is
Quote
It was a bright cold day in April, and the clocks were striking thirteen.
which is the very 1st sentence of "1984" by Orwell. Looking at ur nickname (Ingsoc) I suspect that u r BCNext...

 Cheesy
hero member
Activity: 644
Merit: 500
February 02, 2014, 07:03:56 AM
What's the main difference between Ethereum and Nxt?

I think the main difference is this:

"Ethereum does not attempt to constrain users into using specific "features"; instead, the ledger includes a built-in Turing-complete programming language that can be used to construct any kind of contract that can be mathematically defined."
The other difference is PoW-basing. Ergo Bitcoin with double-edged Smart Contracts.
newbie
Activity: 39
Merit: 0
February 02, 2014, 06:44:06 AM
What's the main difference between Ethereum and Nxt?

I think the main difference is this:

"Ethereum does not attempt to constrain users into using specific "features"; instead, the ledger includes a built-in Turing-complete programming language that can be used to construct any kind of contract that can be mathematically defined."
full member
Activity: 234
Merit: 100
February 02, 2014, 06:19:46 AM
What's the main difference between Ethereum and Nxt?
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