Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 1296. (Read 2006003 times)

legendary
Activity: 1321
Merit: 1007
January 25, 2014, 10:39:20 PM
With Ethereum, creating a distributed dropbox is easy, and you can do a thousand other things too.

Name coin, for instance, can be done with 5 lines of code on Ethereum.

Well it seems someone certainly watched the introduction video   Grin
newbie
Activity: 16
Merit: 0
January 25, 2014, 10:32:14 PM

. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?


Offtopic:
Yes, you can.
1. Download client at peercoin.net (optional: read white paper)
2. Buy Peercoins from one of the many exchanges (see www.peercoin.net)
3. Have client/wallet online regularly and 1% interest over the amount of Peercoins will be added automatically once in a while averaging 1%/year.
More details can be found on the forum: peercointalk.org. Or just post your specific questions in the forum.

http://www.peercointalk.org/index.php?action=refferals;refferedby=28779

So is the whole entire blockchain working to do this one thing, or can it do more? With Ethereum, creating a distributed dropbox is easy, and you can do a thousand other things too. Name coin, for instance, can be done with 5 lines of code on Ethereum. Do you think there is a way that peercoin can integrate with Ethereum?
member
Activity: 63
Merit: 10
Observer
January 25, 2014, 09:37:55 PM

. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?


Offtopic:
Yes, you can.
1. Download client at peercoin.net (optional: read white paper)
2. Buy Peercoins from one of the many exchanges (see www.peercoin.net)
3. Have client/wallet online regularly and 1% interest over the amount of Peercoins will be added automatically once in a while averaging 1%/year.
More details can be found on the forum: peercointalk.org. Or just post your specific questions in the forum.

http://www.peercointalk.org/index.php?action=refferals;refferedby=28779
newbie
Activity: 16
Merit: 0
January 25, 2014, 09:18:20 PM

. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.


Cool. How does it work? Is this something I can start doing today?

full member
Activity: 364
Merit: 100
January 25, 2014, 08:29:18 PM
You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.

 Grin I'll add that in chapter two thanks.
lo
Yup and thanks for the very descriptive visual description.  It is now very firmly planted in my mind and I cant get it out of my head. lol
member
Activity: 70
Merit: 10
January 25, 2014, 08:24:38 PM
You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.

 Grin I'll add that in chapter two thanks.
full member
Activity: 364
Merit: 100
January 25, 2014, 08:21:48 PM
You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...

Sometimes you are holding back a fart and when you let it go you find out you shit in your pants because you were confused about what you had.
member
Activity: 63
Merit: 10
Observer
January 25, 2014, 08:18:44 PM

. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.

Ontopic:
This project is very interesting to follow as it will further set the scene on what is legal and illegal. Where does a commodity ends and a currency starts. Bitcoin community has been very careful with advertising Bitcoins as a currency, although I'm seeing projects on the horizon which might change the scene.

Both Ethereum and EMunie will be way closer to what most jurisdictions consider a currency (or company). Sure that Bitcoin (and altcoins) will be affected (restricted or forbidden) in someway or the other when these projects are exploring the boundaries of the legal systems in many countries. I consider having an entity in Canada a weakness to the project, they should have started with a DAO in the first place. Either way they will likely have to engage in some legal battles, as there are too many people out there who have interests to make this fail or restrict. So they will need their 50% cut. There is a reason why some of the crypto developers rather stay anonymous as it is a tricky legal space.

Best time to become a crypto lawyer  Grin
member
Activity: 70
Merit: 10
January 25, 2014, 08:13:30 PM
You know I hate to use public bathrooms, don't know why, but I always did. The idea of using one is just disgusting to me, but there comes the occasion you are far from home, you resist, and resist... Eventually you give up, and you run to the first public bathroom you can find. You start piling up layers and layers of toilet paper on the seat, you barley leave any room for your ass to shit through, you are thinking " No way my ass is going to touch that plastic, where another was earlier "... to make the story short you, you sit and as soon as you hear something hitting the water, you are overwhelmed by a sense of relief you can never describe.. But again on some occasions, as soon as you walk in that bathroom and prep your seat with the toilet papers, this "Jerk" walks in the bathroom and heads to the mirror, you can see him from the little crack by the door, he washes his hands, combs his hair, hangs around the mirror like a playboy model, all the meanwhile your are holding yourself you don't know if a huge fart is coming, you want to save yourself the embarrassment, but the "Jerk" won't budge, he is not going anywhere, so you say to yourself, f$%k him he's asking for it, and You let it rip...
full member
Activity: 364
Merit: 100
January 25, 2014, 08:02:19 PM
More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify

1: This is the crpto market you dumbass, firm regulations are not established
2: please post your proof that princple owners have not invested "one cent"
3: you are neither trusting, or awaiting the inevitable verification that will drop on the ipo.

9/10 on your fud skills based merely on the fact that you have persistance in your 3 hour campaign of tomfoolery

I only heard about this project today, but your posts are laughable. Healthy skepticism is one thing and to be encouraged, but you seem to be coming at this with an agenda

1/ LMAO if you think that crypto get a magical exception from from crowd fundraising you are mistaken.  Call your state attorney general, SEC or the US attorneys office.
2/ The owners have zero risk in the whole and there is no denying this, I don't understand what you can prove here.
3/ You must be high because I didn't understand a word of that sentence.  Trust but verify is one of the oldest rule of thumbs in the financial industry.
4/ I feel like Im countering a 12 year oid kid so I will pass on your comments in the future.
sr. member
Activity: 602
Merit: 268
Internet of Value
January 25, 2014, 08:01:51 PM
UtopianFuture's rules of crypto industry's successes :

1. Inventor of revolutionary and successful crypto is anonymous and not asking for money

2. Makers of crypto clones can be successful and and not anonymous if they don't ask for money

3. If you think inventors of successful crypto can ask for money and not be anonymous, see rule number 1


More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify
legendary
Activity: 1120
Merit: 1000
January 25, 2014, 07:57:50 PM
Gutshot - ignored. For no better reason than he can't do math.
($800 x 30,000 BTC = $24,000,000)

The white paper has been changing so it must be a scam - I hope the white paper keeps changing all the way up until the product is released (we call that "innovation")

Ethereum is breaking US funding laws - Etherium is not offering equity and even if they were, Ethereum is a Canadian corporation. You know, Canada....that country that isn't part of the United States...

The founders are greedy OMG!!!! - So was Steve Jobs and Bill Gates and Larry Ellison and Sergey Brin...God forbid a person gets compensated for their work!

What prevents the founders from also buying in? - Nothing, other than their word. If you don't trust them to tell the truth them you probably shouldn't invest.

What protects my investment from a cheaper clone? - The community. Did all the 800 different bitcoin clones dilute your investment? No, because the community overwhelmingly prefers to use bitcoin rather than sexcoin or goldcoin or bbqcoin or even litecoin.
newbie
Activity: 16
Merit: 0
January 25, 2014, 07:55:42 PM
Ethereum isn't an altcoin; it's a platform.

Ethereum is an altcoin. Just because it is a platform as well, doesn't mean its not an altcoin.

Mastercoin is a platform too, but its still an altcoin at the end of the day.

Saying Ethereum isn't an altcoin is misleading.

I don't think it's an altcoin. I mean, it's debatable. I'm not trying to mislead anyone. But when Ethereum gets compared to dogecoin, then you have to say something to make the distinction. Ethereum is more of a distributed computing system that uses a token called ether for its operations. Ether plays many roles in the system. It's not just a coin; it's also fuel for contracts. How would you make the distinction. (And I think Masteroin is a metacoin, not an altcoin.)
sr. member
Activity: 448
Merit: 250
black swan hunter
January 25, 2014, 07:49:15 PM
So you are saying your company refuses to comply with rules and regulations to save money for development?

It's not my company. I am only a potential investor.
sr. member
Activity: 364
Merit: 250
January 25, 2014, 07:44:20 PM
More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify

1: This is the crpto market you dumbass, firm regulations are not established
2: please post your proof that princple owners have not invested "one cent"
3: you are neither trusting, or awaiting the inevitable verification that will drop on the ipo.

9/10 on your fud skills based merely on the fact that you have persistance in your 3 hour campaign of tomfoolery

I only heard about this project today, but your posts are laughable. Healthy skepticism is one thing and to be encouraged, but you seem to be coming at this with an agenda
full member
Activity: 214
Merit: 101
January 25, 2014, 07:40:44 PM
Since they take both BTC and 33% of the premine - what is stopping the Dev's from donating their own BTC - receiving 1.5X in Ether and all the BTC back through the foundation?

Quoting from vbuterin (Vitalik) on Reddit:

"The organization will absolutely not attempt to increase its reserve by investing BTC into its own fundraiser."

And of course I am inclined to trust him unequivocally no less than the US President himself. For example George W. and definite proof that Iraq has WMD's. Or Obama and his vow to close Guantanamo in 08'.
hero member
Activity: 714
Merit: 500
Skol!
January 25, 2014, 07:31:39 PM
Cointelpro is strong here.
full member
Activity: 364
Merit: 100
January 25, 2014, 07:30:24 PM
More bullshit from you.  Now you are trying to fear monger people into thinking that all  government is bad and we should never obey the law because...who the fuk knows why?  Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off?  Hell yes.  Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something.  You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency.  Frack you.

It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites.

Your content, vocabulary, and grammar all reveal an incredible lack of class.

So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public.  A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee.  Why don't you just raise 36.8 million who the fuk would notice anyways?  Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into.  You are not only rude and crass but you are ignorant as well.

A rule of thumb, any company that refuses to comply with regulations to save money or save in fees.  If it is that easy to deceive the government, how much easier to steal your money?  Companies that skirt laws from inception will never last long.

Rule number two:  Never fuckin invest a dime into a company when the principle owners dont have one cent invested.

Rule number three:  Trust but ALWAYS verify
sr. member
Activity: 602
Merit: 268
Internet of Value
January 25, 2014, 07:25:15 PM
You two keep hamming it away with each other, Personally I think both of you are a complete joke.  Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality.

You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million.  Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk.  LMAO you are classic, you must think everyone on here is dumb that questions their motives.  I think its the exact opposite.

Please leave. There is no value to your existence.
Why don't you leave?  What kind of idiot encourages people to invest millions based off a youtube ad?  What is the harm in demanding more transparency and compliance with regulations?  Do you buy a used car without checking the  the engine or if a guy tries to sell you a diamond on the street do you immediately pay him based on his looks?  I highly doubt it, even small investments you would take the time to check it out before you handed over a single dollar.  And here you are apparently advocating everyone in the bitcoin community to give these guys millions with zero transparency or insurance that they are in compliance with  laws. So if for some reason they disappear once the money is transferred what then?  You and everyone will start crying because you didn't realize what you were getting in to. ARe you going to guarantee everyone's money with your pitiful life savings?   Not going to happen to you right?  Sure when its not your fracking money what do you care?  But if you you were going to buy anything worth of any remote value you would make sure that you are not getting scammed.  In a public forum where your money is not at risk, now its ok to just plow million into this entity with absolutely no assurance of whats going on?  Hypocrite, lets see you do this type of business deal everyday in your business life.  You dont fukin care right now and talk shit because it wont be your money and if you do, it will be a small negligible amount.

Edit: read your previous posts, now it all makes sense.  You have a vested interest in this coin succeeding.  No wonder you made that comment.  Only a shill or someone with principal interest would damn someone for questioning why there isn't more transparency for an entity asking for 36 million from internet strangers.

They are NXTers. And low tier to boot.  They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

LOL at all these requests. Here the disclaimer comes first. I am not investing a single cent in Ethereum for some other reasons. But

You guys are clueless about Bitcoin and crypto movements in general. Crypto movements  are grey areas, if the government understand them a bit more they will probably ban them outright. So you are pretty much on your own because you cant request them to provide you the impossible. If in the future Ethereum, and also NXT prove to be viable and working well; then all current fundraising, IPO laws, financial regulations, capital movement restrictions are  going to be re-written. If these laws hold strong, then that would mean all of these protocols will be banned. Either ways anything you are requesting now will be useless.

First rule of crypto invseting: only invest what you can afford to lose.

 Oh great thanks for clarifying things, if you say it, it must be true.  Believe it or not, there are rules governing crowdfundraising 36 million dollars.  Just because they are not complying doesn't mean they are acting legally.  And so nice of you to let everyone know you will nothing to do with this coin, but oh yea go ahead and invest as much money as you want because buyer beware.  That's not how it works in the financial community, It's follow all regulations according to your federal law regarding crowd fundraising, file the appropriate documents, get verified and bonded and then release full disclosure transparency to all interested investors.  They lost their small time, we are just coin devs privilege once they decided to fundraise 36 million dollars.  Now, yes they can skirt the laws and unless someone actually starts an investigation, they can get away with it.  But believe me, if they did not follow proper procedure and someone loses even a bit of money they can get sued or shut down by the government, doesn't matter what country they operate out of.  That's why anyone thinking of investing a sizeable amount should think twice before investing a dime presale.  If they get shut down, guess who is long gone with their bitcoins.  So yea you are proving my point, buyer beware, but if some strangers are asking  you for 36 million and a pot of gold, dont you think it would be prudent to ask for due diligence?  Is everyone so blinded that they are just willing to ignore a simple principle to trust but verify?  Sick people.


I am not saying anything about valuation of Ethereum. What I say mainly is about the nature of crypto industry which I think Satoshi, Sunny King and BCNext understand well but not the guys from Mastercoin, Protoshares, Emuine and Ethereum. This basis only is enough for me to not invest in these ventures regardless of the valuations.

@nesco1805 : No I am not confused about securities and crypto; Mastercoin, Protoshares, Emuine and Ethereum guys are confused between these two concepts; and you and gutshot5820 confuse yourself because you think these guys are not confused. 

  
legendary
Activity: 1321
Merit: 1007
January 25, 2014, 07:23:22 PM
Ethereum isn't an altcoin; it's a platform.

Ethereum is an altcoin. Just because it is a platform as well, doesn't mean its not an altcoin.

Mastercoin is a platform too, but its still an altcoin at the end of the day.

Saying Ethereum isn't an altcoin is misleading.
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