Topic: [ANN] Ethereum: Welcome to the Beginning - page 1271. (Read 2003740 times)

Alright, that cleared some things up!

Will Ethereum ever be able to process more transactions, and what do you mean with that they are richer?

Thanks again, I really appreciate it!

Realised I pushed your post onto the previous page without much visibility. Is there any word on what's going on with the fundraiser? Even just a ballpark date range if you can't comment on terms just yet.

Please stop trying to talk up Nxt at every opportunity in this thread. You forgot to mention Nxt is vulnerable to nothing-at-stake attacks, poorly implemented in Java (known for security!), you can't store anything in an offline wallet, and the currency is owned by 71 people who sell it to everyone else. Just get real if you want to talk things up.

We've done two things. First, we have hired a director of communications to help address as many questions as possible and he will be coming online as soon as possible (most likely Friday). Second, we are going to hold some form of AMA and build a complete FAQ.

Vitalik and I will also be trying to do some sort of regular Q&A session to fully address everyone's concerns. I'm really sorry for the delays in communication. Most of the team was in Miami and we were hit so hard down there with work it was nearly impossible to regularly check things here.

The best part about the bitcoin community is that they are very smart and have great ideas. I really do value a lot of the feedback we've received here and I make a promise we'll answer as much as we can as soon as we can. This said, it will take some time as the queue is really long, but hopefully we can at least address a lot of the core questions within the next week or so.

We are also releasing the centralized proof of concept testnet on Feb 1st and making an announcement about how we plan to better engage the cryptocurrency community on Feb. 20th or so. Please check out the code, look at the protocol specs, the high level language and the compiler we have, and write some contracts. Costa and co are building a full clearinghouse on top of the testnet.

Anyway, thanks everyone for your enormous patience and I look forward to hearing from you all soon.  

I can compare only Nxt and Ethereum:

1. Nxt is simple (for casual programmers), Ethereum is hardcore (for hardcore programmers). I think most of coders will choose Nxt if noone creates a simple Ethereum Contract Creation Kit.
2. Nxt can process 1000s transactions per second (coz of absence of scripts and Transparent Forging), Ethereum can't process too many transactions but they r much richer. I think these platforms would go on par if Nxt didn't have Transparent Forging. With TF Nxt will win.
3. Nxt has fixed supply of coins, Ethereum will be inflationary for a long period of time. Ordinary people prefer non-inflationary currencies.
4. Nxt is 100% PoS, Ethereum is PoW + PoS, so the latter is not so "green".

These r just a few points that came to my mind.

Thank you for posting that here as well, in case people miss it. We've maintained a list of community questions in post #634. Is it possible to get some direct answers on these at one point? I think it covers most of the concerns people have here.

Hi Vitalik, community questions remain unanswered?....

Bitcoin... Really just a currency/commodity and proof of concept of distributed ledger. Lots of electricity to maintain security.

NXT... 100% distributed already to early adopters... 100% Proof-of-stake... Promises additional features in protocol

Ethereum... a full development platform that doesn't exist yet and has been delayed indefinitely

If you're interested in Ethereum, you may be curious about Mastercoin, which is a development layer built atop Bitcoin.

Can someone post straightforward pro's and con's of Ethereum against Bitcoin & NXT.

If you're using technical terminology, please try and explain in layman's terms.

I would really appreciate that, thanks!

Conference, Alpha Testnet and Fundraiser Updates

January 29, 2014 - By Team

Ethereum received an incredible response at the Miami Bitcoin Conference. We traveled there anticipating many technical questions as well as a philosophical discussion about the purpose of Ethereum; however, the overwhelming amount of interest and enthusiasm for the project was much larger than we had anticipated. Vitalik’s presentation was met with both a standing ovation and a question queue that took hours to address.

Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org.

The Ethereum project is also excited to announce the alpha release of the open source testnet client to the community at the beginning of February. This will give people an opportunity to get involved with the project and experiment with Ethereum scripts and contracts, and gain a better understanding of the technical properties of the Ethereum platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the Ethereum project is about before participating.

The testnet will include full support for sending and receiving transactions, the initial version of the scripting language as described in our whitepaper, and may or may not include mining. This will also be the first major cryptocurrency project to have two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon.

A note on security

The fundraiser will NOT be launching on February 1st and any attempt to collect funds at this time should be considered a scam. There have been some scams in the forums thus please use caution and only consider information posted on Ethereum.org to be legitimate. It is important to reinforce to all that only information released and posted at Ethereum.org should be trusted as many are likely to impersonate us.

Vitaly has been posting on reddit

Maybe you're right. It becomes very difficult to please everyone when you have a long-term perspective.

Awesome! Really good news.

Now if we can just get a dev in here answering some of the questions posted..

Also, I'm really looking forward to seeing vitalik's presentation video. I wonder when it will be up. I'm surprised it isn't already, tbh. I would have figured someone with a smartphone would have uploaded to youtube.

Hey gutshot5820, looking forward to your usual informed, unbiased, factual, and neutral response to the developments...

Hope not.... For Vitalik is his reputation and future in the crypto-currency world at stake. He won't dare to risk such an uproar from the community again, IMO....

Let's see what happens. There might be no changes to the structure. It could be a case of not being ready server-side, hence "logistical" issues.

Very good news, indeed!
 
I'd have been very disappointed with Vitalik, had he pushed through with the IPO & launch under this terms. He would have destroyed his reputation, IMO....

Don't know if they'll change any terms. I wonder how long until we hear about the new fundraiser?

Not cancelled. Pushed back it appears. See my post.

They changed the headline on their webseite to "testnet release in....." This means IPO cancelled?

http://www.ethereum.org/