Topic: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing - page 15. (Read 84312 times)

You cannot compare NXT with Ethereum. NXT has nothing to offer, only POS and its backed by thin air. Ethereum is a framework (protocol) where p2p applications can be build on like twister (http://twister.net.co/) and it's going for a p2p internet (internet 3.0). Best you can compare it with bitshares (https://bitsharestalk.org/index.php?topic=2166.0) but then on steroids. Actually one of the founders of Ethereum was first CEO of Invictus a.k.a bitshares but after some argues with the other founder of bitshares he decided to leave the ship on make his own DAC with all flaws fixed of Bitshares/Keyhotee etc. etc.

In short; now we have internet in the future we have p2pnet = no more spying of NSA like company's and big hogs like google but with same services backed by p2p. Everything is based on p2p and this only happens if we believe in future frontiers like Ethereum. No more POW/POS/POB(urn) but Proof of Bandwith like types etc.

I don't get what the huge deal is with this . sure it is a big improvement over  SHA256/scrypt but won't resolve the fundamental issues with PoW.
if it becomes in any way profitable some manufacturer in china would take less than a month to come out with dedicated boxes/motherboards with 100s memory slots crunching the algo.
mining will always be polarized and will always be a waste of resources as it becomes more competitive/lucrative.
the only "advantage" PoW has over PoS is that it doesn't require an IPO to distribute the coins....but ethereum still went for some IPO wtf??....so might aswell go for full PoS without need for mining .  the mining community is not not only useless but a baggage for the progress of crypto.


like this clueless troll for example
privacy management, distrubuted applications etc can all be delivered just as well with PoS, and sustainable from end user devices
because of this for dsitributed applications PoS is actually becoming the preferred choice....infact new development into PoS has led to PoB (proof of bandwith) which could actually be the real next big thing (for cloud applications especially)https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md


in conclusion : ethereum possibly the best of the PoW coins....but PoW is a now a dead/detrimental technology imo.

Bravo sir. I reckon I am bitching about PoW.

Superressistant who longed for POS, beholds with pain
The tempting clusters were too high to gain;
Grieved in his heart he forced a careless smile,
And cried ,'POW is to high and hardly worth my while.'

The believe that PoW is fair compared to PoS is just plain wrong.

It is exactly the same : the people that have more money can afford a bigger mining rig and get more coin. Except that PoW is a terrible waste of resources : You use specialised hardware build with rare resources and consume a damn lot of electricity.

If you think PoW is the future, you are in denial of the situation humanity is facing.

Thank you for your competent input.



go ahead and do a Purzelbaum, or just wait until one can invest in its IPO

Are they stakeholders in this projekt?
When yes, how can i be a stakeholder? 

Hehe TY, its still early morning here but you know what i mean. Thats most important A good comparison is DAC's from Invictus

Fixed for u, don't thank me.

lol can we keep this thread NXT free plzzz, NXT is in no way comparable with Ethereum. Ethereum deliveres services like privacy management, distributed applications etc etc. NXT only has POS and nothing more.

It really seems people dont understand what Ethereum is. For a simple explanation -> compare it with the internet we now have only then based on P2P so no more single point of failures or big hogs like Google that try to control the web.

For those who asked, instructions on how to build the windows client are here:
http://dr-pra.tumblr.com/post/73526554416/build-and-run-the-ethereum-go-client-on-windows

Thanks Dr Pra!!!

Aha, thought you were asking him (LeChatNoir), but you are asking the devs/everyone who might know... sorry for derailing

Question about novelty in fees calculation persists...

I think the same and would like to get an explanation.

Fee structure is the biggest weakness of this wonderful project IMO

He was, I just don't get why it's a novel innovation.

wasn't he just quoting from fees paragraph: http://ethereum.org/ethereum.html#p5 ?

Could u explain this plz?

Dear Ethereum developers,
may i ask why you are fixing fee ratios instead of allowing the market to adjust them in the future?
Isn't it the same as trying to fix prices in a centrally planned economy?
What will happen if for a certain "x", DATAFEE will be too low (below real market value) and NEWCONTRACTFEE will be too high at the same time?
Don't you run the risk that some very good applications will not be built or run properly, while others "bad" applications will because of this?

99% of posts about nxt are posted by trolls. Like you.

I don't like the idea of holing investors' coins for a year. What will prevent miners to sell the coin cheaper than 0.0001? Do you really think that your coin will always be more expensive than 0.0001 btc right from the start? As a miner I'll start to sell coins right after I mine some of them and I'll sell them for the price that people would be willing to pay.

Just imagine a miner that have 100'000 coins. He posts "wts 100'000 eth for 10 btc" and gets a proposal 9 btc for his coins. Guess what happens next?

More of that. As more investors will give you their money as worse for them. Look at this:
1 investor, 10 btc - 100'000 coins will be mined within a year
10 000 investors, 100'000 btc -1'000'000'000 coins will be mined within a year, which means every laptop user will be capable to mine some coins. And of course he'll dump them for any price.