Topic: Ethereum contract tokens (Read 1271 times)

No. I am saying the price is defined by what investors believe it's worth, like for everything else in this world. Ofcourse, in cryptocurrency/blockchain part of the world, because it is so easy to become an investors, projects mcaps are much bigger than they could have been if they were private companies.



No, because ETH constantly delivers for almost 2 years now and made more progress than all other projects combined. Blockstream is chasing tail and doesn't deliver.
If you follow their development, even if you're not technical you will notice constantly they are solving "problems" that other developers think of as "unsolvable", and the best example is that almost every developer out there or random wannabees that think they know shit they talk about byzantine general problems. They were simply not skillful enough or maybe not good enough researchers to find solutions themselves. It's solved.

There's even a simple version of casper already ready. Ofcourse, a work in progress. I wouldn't underestimate vitalik at all.
https://github.com/ethereum/research/blob/master/casper4/simple_casper.v.py
https://github.com/ethereum/research/blob/master/casper4/simulator.py

Are you saying that it is really possible that the price of ETH does not justify the real value of the platform? You said it yourself. Also do not be very naive when you are trying to imply that no one is pumping ETH. There will always be pumps as long as it is listed in an exchange.



This could be subjective because coders from Blockstream could say Ethereum is a wannabe project.


That remains to be seen. But I hope and wish it will be.


That is again a subjective statement. Right now the platform has no real utility and all the dapps and tokens issued for now operate under the rules of supply and demand. The interest from the community is mostly for the purpose of speculation and some developers embrace it because it brings more money to them.
 

@bbc.reporter first there will be hybrid pos/pow so if something goes wrong and needs fixing, platform won't "crash and burn".

About


Who decides what's the "real value" if not people who either use the platform's contracts / dapps or simply speculate ? Keep in mind that nothing happened in eth's history that could cause constrain of the supply to artificially increase the price ( like in dash's case, for example). And the volume is big enough to really balance the price so an artificial pump to artificially increase token's price wouldn't hold.

You do remember the times where these other wannabe projects were pumped with news like "omg X was mention on Y cryptocurrency news site" or "omg X has a wallet omg omg". Ethereum changed all that, now these shit projects had to actually do more to actually stay competitive, so basically ethereum dragged them all from the mud.

Atm ethereum, for the cryptocurrency/blockchain scene, is even more important than bitcoin. The difference is ethereum is not a religion like bitcoin, because bitcoin was the one where people invested 100$ and became millionaires, so the get rich dream is still fresh.

Plus, you do realise that if EF manages to do what's written on the roadmap ethereum will become the most important IT project of the past 30 years ? Excluding quantum computers ofcourse. Price simply represents how likely people think it is for ethereum to succeed in that regard, and so far it is a huge success but the road ahead is still long. Also the value is caused by the fact that it is extremely easy to become an investor thanks to blockchain technology, and becayse ethereum's value has backing in what happened in the past 2 years, compared to most projects who are mostly vaporware and underdeliver ( like some of these wannabe currency projects that can't even compete with ETH in that regard ).

@mining1. That is what I am trying to say. What if Casper, sharding, swarm and the rest are all very experimental and are not 100% sure that they will work? It might be possible that the real value of the Ethereum as a platform now does not justify the price of the ETH tokens.

@bbc.reporter ethereum will scale. There are several scaling developments, raiden in ~1month, also pos with casper, state channels, sharding, truebit. Keep in mind that no other project or development team currently can challenge ethereum foundation in development.

Bitcoin's blockstream/core has what, 100 devs or more ? And they keep chasing their own tails for many years now and all they could come with was segwit and maybe LN in 1-3 years. Raiden, LN equivalant, is weeks away. And comparing bitcoin to ethereum is like comparing a bike to a nextgen tesla.

https://letstalkbitcoin.com/blog/post/epicenter-177-jason-teutsch-christian-reitwiessner-truebit-scalable-offchain-computations-for-ethereum
http://www.coindesk.com/new-ethereum-proposal-aims-to-supercharge-smart-contracts/
http://www.coindesk.com/ethereum-creator-vitalik-buterin-scaling-devcon2/
http://www.coindesk.com/ethereum-casper-proof-stake-rewrite-rules-blockchain/

About swarm, i am not technical but i think is something similar to IPFS which works. Akasha will use IPFS and ethereum, because swarm is not ready.

Also

if you have much etherum coin or ethereum token example humaniq
is good you use dekstop wallet ethereum or hardware wallet
but only few coin is good use myetherwallet.com. is easy use and fast

There is a thing which is called a meta-token on Ethereum. It sort of functions like another coin (which was growing letaly, by the way, but is strongly tied with eth. I'm talking about VSL which can be easily bought by you on vdice by sending some eth on some adress. Maybe it is not what you're looking for but at least you may be interested in checking this thing out.

@mining1. Not by much because there are no projects using it that scale? What if Augur becomes very successful and mainstream garnering millions of users? Will the Ethereum platfrom handle that load?

I also want to know from other people here if swarm, sharding and Casper are technically possible. Sometimes I am starting to think they are hyped to make investors feel good about holding their ETH.

@bbc.reporter As in, increase the size of it's chaindata size ? Probably, but not by much. I think it's mostly related to the transaction volume and what is actually stored on teh blockchain. But since storing currently on the blockchain is extremely expensive, no one will do it. Atleast not untill swarm is being released. ATM ETh's chaindata folder is 14.5GB full synced from the scratch.

Do these contract and dapp tokens bloat the Ethereum blockchain further? There are very many projects in the platform but we all know most of them will not be around after 3 to 5 years.

It is just like saving your ETH balance in cold wallet. Create ETH paper wallet from myetherwallet  in offline environment, save private keys in safe place. If you control private key of your ETH address you will also have full control over all tokens associated with that ETH address.

Myetherwallet is probably the best choice you have as there are no requirements such as downloading the whole blockchain etc. I must tell you that Humaniq is a new project though, so Its not supported by default in Myetherwallet, you will simply have to add the contract address which should be provided by Humaniq If they already distributed the tokens. Ledger Nano S support Myetherwallet and in the description on their site they say that ERC20 is supported so I suppose you could also send tokens through their application in the Chrome store.

Basically you get a MEW you provide your etherum address to where you want your tokens sent and when they are sent to you there will be a token section on the left with a list of the tokens and balances

actually very easy in myetherwallet also provide
Tutorrial how to use you can see here ==> https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s

I like to learn too, keeping an eye on this post.
Thank You,
Nic

Hello,

I want to know how to store Etheureum contract tokens like Humaniq for an example on an Ethereum wallet or in a Ledger Nano S?


Best Regards,