ETH price soaring. Are you going to move some BTC into ETH? - page 77.

bitbitch

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Quote from: mr001 on March 14, 2016, 04:04:19 AM

Quote from: BlindMayorBitcorn on March 13, 2016, 08:09:40 PM

Quote from: yefi on March 13, 2016, 07:43:35 PM

Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

I'd question the math. The crowdsale was for about 60 million and 17 million more have been mined since then. The Ethereum Foundation owns BTC from the crowdsale. The last I heard they barely held any ETH.

I stand corrected. But Vitalik did post on Reddit during the run-up that he/they were selling OTC.

Sorry, I am a new hier, what is a OTC?

over the counter - buy coin in bulk from an exchange outside the bid/ ask system of trading. the value of the buy does not influence the market price.

you would go to Poloniex and ask to buy 100,000 from the whale with 1.2 million ether sitting in his/ her Poloniex account.

bitbitch

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Quote from: Bobsurplus on March 13, 2016, 05:17:45 PM

Im thinking about going all in on ether, seriously.. And this is way outside of my character.
Anyone here go all in on eth?

go on then.

mr001

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Activity: 260

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https://i.imgur.com/anpUpg7.jpg

Quote from: BlindMayorBitcorn on March 13, 2016, 08:09:40 PM

Quote from: yefi on March 13, 2016, 07:43:35 PM

Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

I'd question the math. The crowdsale was for about 60 million and 17 million more have been mined since then. The Ethereum Foundation owns BTC from the crowdsale. The last I heard they barely held any ETH.

I stand corrected. But Vitalik did post on Reddit during the run-up that he/they were selling OTC.

Sorry, I am a new hier, what is a OTC?

funkenstein

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Khazad ai-menu!

Quote from: Minecache on March 14, 2016, 12:49:25 AM

Max supply is 90m. Read the white paper. Stop spreading FUD.

From "the whitepaper" which I guess (?) you mean as this:
https://github.com/ethereum/wiki/wiki/White-Paper#blockchain-and-mining

we find:
"0.26x the total amount sold will be allocated to miners per year forever after that point."

That's quite clearly an unlimited supply. Nothing about 90m in there

However thanks for getting me to check it out. This is hardly a paper. It is a vague meandering generalization of interesting ideas, at times contradictory and never precise. The author doesn't make any attempt to use academic references. Not like it matters much anyway, the details we need should be in the code right? After all, consensus is shaped by the code not by the ~~whitepaper~~ git hosted blog, and we've all seen words that don't quite match reality haven't we. Maybe the supply is limited after all?

So lets go take a look shall we? Source is online right? Oh look, it's not one repository, it is 100 repositories to wade through. Looks like mostly documentation, fragmentation, eneterprisey stuff. Some searching leads me to believe most people use "go-ethereum". Inside "core" there I find in "fees.go" :

var BlockReward *big.Int = big.NewInt(5e+18)

which gets used by the AccumulateRewards function in state_processor.go. For what little it is worth here, in my opinion this looks like a fixed reward.

Minecache

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Quote from: funkenstein on March 13, 2016, 07:35:57 PM

Quote from: Minecache on March 13, 2016, 07:21:01 PM

Quote from: adhitthana on March 13, 2016, 07:19:15 PM

Thanks guys. I had heard that but found it hard to find information.
Might not suit me (except for a trade).

But with unlimited supply...no wonder the banks like it

Supply is limited. It's FUD spreaders who try to refute this. Read the white paper.

An annual X% increase, no matter how small is X, means there is no maximum supply.
Perhaps you could still call it "limited" because the annual increase is limited. More limited than fiat at least lol.

This is also true of e.g. Doge, Peercoin, 42coinhttp://frass.woodcoin.org/the-42coin-saga/, and most all the proof of stake coins.

Max supply is 90m. Read the white paper. Stop spreading FUD.

yefi

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Quote from: BlindMayorBitcorn on March 13, 2016, 08:09:40 PM

I stand corrected. But Vitalik did post on Reddit during the run-up that he/they were selling OTC.

Just checked and you're right - seems the Foundation recently had about 1.65 million ETH.

mtnsaa

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Activity: 1568

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I'm still here haters, ETH right back at 0.0320...I admit I almost had a heart attack but crypto trading is amazing...this really reminds me of 2013 Bitcoin, only that I didn't even know what was BTC back then hehe.

boolberry

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Markets going crazy right now. I knew the bubble would pop at some point.

Buy the rumor, sell the news seems to be the strategy of today for Ethereum.

BlindMayorBitcorn

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Quote from: yefi on March 13, 2016, 07:43:35 PM

Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

I'd question the math. The crowdsale was for about 60 million and 17 million more have been mined since then. The Ethereum Foundation owns BTC from the crowdsale. The last I heard they barely held any ETH.

I stand corrected. But Vitalik did post on Reddit during the run-up that he/they were selling OTC.

yefi

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Activity: 2842

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Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

I'd question the math. The crowdsale was for about 60 million and 17 million more have been mined since then. The Ethereum Foundation owns BTC from the crowdsale. The last I heard they barely held any ETH.

funkenstein

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Activity: 1066

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Khazad ai-menu!

Quote from: Minecache on March 13, 2016, 07:21:01 PM

Quote from: adhitthana on March 13, 2016, 07:19:15 PM

Thanks guys. I had heard that but found it hard to find information.
Might not suit me (except for a trade).

But with unlimited supply...no wonder the banks like it

Supply is limited. It's FUD spreaders who try to refute this. Read the white paper.

An annual X% increase, no matter how small is X, means there is no maximum supply.
Perhaps you could still call it "limited" because the annual increase is limited. More limited than fiat at least lol.

This is also true of e.g. Doge, Peercoin, 42coinhttp://frass.woodcoin.org/the-42coin-saga/, and most all the proof of stake coins.

Minecache

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Quote from: adhitthana on March 13, 2016, 07:19:15 PM

Thanks guys. I had heard that but found it hard to find information.
Might not suit me (except for a trade).

But with unlimited supply...no wonder the banks like it

Supply is limited. It's FUD spreaders who try to refute this. Read the white paper.

adhitthana

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Activity: 1190

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Thanks guys. I had heard that but found it hard to find information.
Might not suit me (except for a trade).

But with unlimited supply...no wonder the banks like it

funkenstein

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Activity: 1066

Merit: 1050

Khazad ai-menu!

Quote from: adhitthana on March 13, 2016, 06:47:59 PM

Hi..
Do you know the maximum number of ether that will exist?

The supply is not limited. The maximum number is inifinity.

BlindMayorBitcorn

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Quote from: adhitthana on March 13, 2016, 06:47:59 PM

Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

Hi..
Do you know the maximum number of ether that will exist?

Where are the 59 million not "in the wild"?

Thanks

Afaik ETH is going POS eventually with a yearly inflation of a few million. I think.

The Ethereum Foundation holds most of them if I'm not mistaken, although Vitalik has been selling OTC for weeks.

adhitthana

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Quote from: BlindMayorBitcorn on March 13, 2016, 06:38:46 PM

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

Hi..
Do you know the maximum number of ether that will exist?

Where are the 59 million not "in the wild"?

Thanks

BlindMayorBitcorn

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Activity: 1260

Merit: 1116

Quote from: yefi on March 13, 2016, 06:34:46 PM

Quote from: Bobsurplus on March 13, 2016, 05:17:45 PM

Im thinking about going all in on ether, seriously.. And this is way outside of my character.
Anyone here go all in on eth?

Or you could just give your Bitcoin to me if you like? Tongue

This thing has gone up 17-fold in two months - with an increasingly steep trajectory - such that were it to continue this path it would reach 4 trillion before September. Obviously, it must break this trend, and when it does, you will see just how much the holders truly believe in it beyond price.

I can tell you this, they are such adherents of the technology, that they hold over 11 million ETH at Polo and have not even moved it into their own wallets.

The last math I heard: out of 70 million+ Ethers currently in existence only 11 million are in the wild. That would mean they are all on Polo right now?

mtnsaa

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Quote from: marcus_of_augustus on March 13, 2016, 06:02:38 PM

Quote from: mtnsaa on March 13, 2016, 05:48:57 PM

Lol, "bitcoiners" are starting to lose their minds, it's just sad...

yeah ... so what exactly are you doing here using the hated bitcoin's forum, all this doom and sadness might be too much for you ether bankster rainbow-fart pumpers?

pumping a hyperbolic crypto that has at present zero market uses, at the top, looks quite insane btw.

Tell me exactly what's the use of BTC other than a storage of wealth? Go buy a coffee with BTC so you can expend 20% when you realize all the fees and hassle that involved getting BTC in the first place (not to mention using your credit card and bank account info). Oh and tell the cashier to wait an hour or so for confirmation.

yefi

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Quote from: Bobsurplus on March 13, 2016, 05:17:45 PM

Im thinking about going all in on ether, seriously.. And this is way outside of my character.
Anyone here go all in on eth?

Or you could just give your Bitcoin to me if you like? Tongue

This thing has gone up 17-fold in two months - with an increasingly steep trajectory - such that were it to continue this path it would reach 4 trillion before September. Obviously, it must break this trend, and when it does, you will see just how much the holders truly believe in it beyond price.

I can tell you this, they are such adherents of the technology, that they hold over 11 million ETH at Polo and have not even moved it into their own wallets.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: mtnsaa on March 13, 2016, 05:48:57 PM

Lol, "bitcoiners" are starting to lose their minds, it's just sad...

yeah ... so what exactly are you doing here using the hated bitcoin's forum, all this doom and sadness might be too much for you ether bankster rainbow-fart pumpers?

pumping a hyperbolic crypto that has at present zero market uses, at the top, looks quite insane btw.

Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 77. (Read 198829 times)