ethereum starts becoming popular now
I am afraid that a lot of people don't understand exactly what is ethereum 
. IMO only geeks understand 
Topic: Ethereum - page 2. (Read 2337 times)
. IMO only geeks understand 
ethereum starts becoming popular now
My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate.
Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ...
What's the difference between 'the inflation rate is the same forever' (and is 40% as far as I've read) to my 'its 40% inflation rate' due to its constant production and mining?
I've highlighted your word 'believe' as there seems to be a lot of 'believe' and 'think' and 'probably/maybe' surrounding Ether. You can't guarantee a 'maybe'. Not trying to be funny, but I could believe the Magic Moon Monkey will come down and bless me tomorrow, but that doesn't make it so.
That's why Ether makes me feel nervous to buy. Tell me there will only ever be 21 million Bitcoins and I understand, tell me some strange mathematical formulas for Ether being produced forever but at a 40% inflation rate (which is huge compared to USD 5%) and P&D floats through my head.
Perhaps I'm misunderstanding 40% inflation rate? Perhaps I'm misunderstanding a token/coin that's not locked and can have more produced whenever it might be needed.
The protocol isn't fixed in view of Ether generation.
Ok so first of all the Eth inflation rate is 33% - not 40%. It is 33% of the original Eth issuance - NOT of the current Eth's in existence. It will take three years for Eth supply to double the first time. Six years for it to double the second time. Twelve years for it to double the third time. 24 years for it to double the fourth time (USD inflation).
My comments on the PoS are due to the fact that the details on the PoS are up in the air. Should be set in stone for Homestead release.
My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate.
Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ...
What's the difference between 'the inflation rate is the same forever' (and is 40% as far as I've read) to my 'its 40% inflation rate' due to its constant production and mining?
I've highlighted your word 'believe' as there seems to be a lot of 'believe' and 'think' and 'probably/maybe' surrounding Ether. You can't guarantee a 'maybe'. Not trying to be funny, but I could believe the Magic Moon Monkey will come down and bless me tomorrow, but that doesn't make it so.
That's why Ether makes me feel nervous to buy. Tell me there will only ever be 21 million Bitcoins and I understand, tell me some strange mathematical formulas for Ether being produced forever but at a 40% inflation rate (which is huge compared to USD 5%) and P&D floats through my head.
Perhaps I'm misunderstanding 40% inflation rate? Perhaps I'm misunderstanding a token/coin that's not locked and can have more produced whenever it might be needed.
The protocol isn't fixed in view of Ether generation.
My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate.
Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ...
My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
While I pretty much disagree with the pricing sentiment (I sold most of my ETH due to a personal project or I would've kept them). There is a pissing contest going on in the reddit about the 5 mil distribution to early founders who have moved on to other projects. I guess 5 mil was just released to people who may dump on the exchange soon ...
So Now the ETH is officially listed at both Poloniex and Cryptsy and the first few days have been a wild ride up what are everyone's thought on the long term outlook of the coin?
I'd say over the coming weeks, we'll see it settle down somewhere in the $20,000,000 marketcap range. Tough to call, but that's my wild guess.
I guess this is quite a safe range to bet on.. Might even drop a bit lower for a couple of days, that might be a good buy in moment.
So Now the ETH is officially listed at both Poloniex and Cryptsy and the first few days have been a wild ride up what are everyone's thought on the long term outlook of the coin?
I'd say over the coming weeks, we'll see it settle down somewhere in the $20,000,000 marketcap range. Tough to call, but that's my wild guess.
well the price has dropped radically. i didnt invest much (10 us cents), but i never really cared much for the coin, i know some users on here have a serious issue with it
I think ETH will be up long term if you can hold for 6 months to a year. I tossed a decent amount in to it.
i heard ETH is just another PnD coin :/
what kind of issues?
well the price has dropped radically. i didnt invest much (10 us cents), but i never really cared much for the coin, i know some users on here have a serious issue with it
So Now the ETH is officially listed at both Poloniex and Cryptsy and the first few days have been a wild ride up what are everyone's thought on the long term outlook of the coin?
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