Topic: Ethereum questions. Can Bitcoin do these things too, with implemenation? (Read 2056 times)

You can quote this back a year from now and said "I told you so".

Gavin Anderson thinks about Ethereum "Bitcoin already provides a global currency and distributed ledger-- there is no need to re-invent those wheels. Combining real-world information with Bitcoin is where things start to get really interesting."


this is where it gets really exciting

..."Combining real-world information with Bitcoin is where things start to get really interesting"..

all those things you love in an altcoin, digital currency, online payment funds, credit card, transactions, stocks, shares, voting etc etc etc

bitcoin will eventually do

developers from around the world are already providing applications on top of the blockchain and will grow as bitcon grows

this in itself gives bitcoin a great advantage over alternate currencies due to its established network for a new financial/social system

in time there may be something to replace it but at the moment the new financial/social system is about to explode with the blockchain at the heart of it all. For example targeted advertising, a new way of voting, shares, ,sidechains, messaging, anonymity, decentralised exchange, payment through facebook (already here this one, imagine giving friends or family some money through facebook cool)



remember to create a public good e.g. google search is a public good it is free but to use certain services around its free product is where the money is made

will ethereum or ethereum "blockchain" be a public good, no I do not think so, it is a bought product I believe, whereas the bitcoin blockchain is a public good

in answer to... Can Bitcoin do these things too, with implementation? Yes and more as there will be a whole world developing bitcoin


hope I got that right




one last thing did it say in the ethereum terms and conditions something like ..."we may not even complete the software"..

just read in the
Terms and Conditions of the Ethereum Gensis Sale
WARNING: DO NOT PURCHASE IF YOU ARE NOT AN EXPERT IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS

not sure why this is there, must have to be an expert to use the currency


from an earlier post this was great overkillcoin https://www.youtube.com/watch?v=1eU2INYe4gk

What do you mean the academic type? They may not have PhD's in computer science but all the developers are very intelligent and have some experience in this field. It's a very real project.

This might give some people an idea of what's being done with the test client \ code.  Worth checking out github commits before calling it a scam.

https://forum.ethereum.org/discussion/1009/the-people-s-republic-of-doug-ethereum-based-decentralized-organization

You need to be skeptical on any products that come from academy type. They are usually good at theoretical model which have no practical use in the real world.

How usable is Ethereum compare to bitcoin and NTX? Can they deliver what they promise?

I heard Eth is super smart. Lots and lots of things BTC cannot do apparently. I don't understand a single thing about them and those "contracts" but the devs went around, talked around, know their shit... today I found out ETH launched...


And I can buy it.

Now.

Are you kidding dude? I don't buy this for a second.

It's worked for the devs and they are rubbing their hands together we'll be having a few sob stories in the near future about people investing a lot in this coin and losing it all prepare yourself!

Seems silly to have all these presentations, meetings, plannings, whitepapers, code, etc for being a simple pump and dump doesn't it? But then again, when you're talking about millions of dollars people are willing to do a lot...

Devs should never be able to change anything. At least with bitcoin, basically everyone can change anything. But it won't get accepted until the majority decides to. What makes me think: Who controls the Bitcoin core devs?

I'll stick with Maidsafe thanks.

The biggest concern as already been discussed about the devs can change it at any time....which is kind of bad as that means its pretty much centralized.

This one answers all the questions:
https://www.youtube.com/watch?v=1eU2INYe4gk

Really? What's wrong with it? I mean I haven't really looked into it. But is it some kind of cloud technology limited by cryptographically controlled supply?

I'm not 100% sure why people are it's a pretty fishy business investment but I'm going to have a look into it a little more and see if I can find the pros and cons of investing in this alt coin.

If they can create any amount, why are people buying now?

Can't see this project getting very far if that is the case this had to much hype and now the cracks are starting to appear.

actually yes 

Sounds like another ripple attempt what is up with the devs can change the amount at any time? what? developers trying to get rich and haven't created anything to ocmpare to Bitcoin.

in the end this will be a niche product i guess. you must have the whole world as a Dev (like with bitcoin) to become really sucessfull in the long run.

you could also read on their page, that the amount of Ether can change when the devs want this...fiat here we come 

Sarcasm?

If not, please explain why u think this