is ETH store everything on it wallet and blockchain or it have to depend on a centrallized machines somewhere else?
i guessed no one can answer me anything, it's all about trading and no one really know crap about ETH.
i think if ETH and ETH dapp is centralized then it should be worth nothing. third party company like coinbase or blockchain should easily build contract and app around bitcoin, even little kid using java can build contract around bitcoin as third party. java is free! i guessed i will have to look into this if ETH and ETH dapp is centralized or decentralized.
Whether ether if centralised or decentralised i personally dont like the way ether was launched, to this day there isnt a proper announcement page for ether with total coins, algo, pools and other stuff, devs who dont get paid actually do a better job in my opinion.
This is my problem as well. I hear all the great things about ETH and I am indeed intrigued, but when I go and try to find hard concrete evidence I come up empty. One of the biggest claims being thrown around rather loosely is the IBM and Samsung association.
The only thing I have found so far to back this up is a link on the bottom of ETH homepage with the IBM logo, but instead of going to a IBM or Samsung site, it instead points to a third party:
https://www.theprotocol.tv/adept-demo-ibm-samsung/.
This article then references
ADEPT, the Autonomous Decentralized Peer-to-Peer Telemetry project and provides a link to:
http://ibm.biz/devicedemocracy. Searching this document yields no results for Ethereum.
I then search IBM's main site using the search function at the top of the page, and I do get three results. Two look like some type of support issues not really relevant upon reading them, but the first one is interesting, it is titled:
Device democracy Saving the future of the Internet of Things, so I go read the pdf to investigate further.
http://public.dhe.ibm.com/common/ssi/ecm/gb/en/gbe03620usen/GBE03620USEN.PDFI search the pdf for Ethereum, and the only thing I can find is the footnote at the bottom:
So I look through the pdf to find the referenced quote and I find this:
Why blockchains work for the IoT
A technology breakthrough that has fundamentally changed our notions of centralized authority,
the blockchain is a universal digital ledger that functions at the heart of decentralized financial
systems such as Bitcoin, and increasingly, many other decentralized systems.
The blockchain holds a record of every transaction made by every participant. Cryptography
is used to verify transactions and keep information on the blockchain private. Many participants
verify each transaction, providing highly redundant verification and are rewarded for the
computational work required. By confirming transactions using decentralized consensus,
the blockchain eliminates the need for trust.
While the blockchain may carry regulatory and economic risk as a long-term store of value
(as in the case of Bitcoin), it can be quite revolutionary as a transaction processing tool.
15
In our vision of a decentralized IoT, the blockchain is the framework facilitating transaction
processing and coordination among interacting devices. Each manages its own roles and
behavior, resulting in an “Internet of Decentralized, Autonomous Things” – and thus the
democratization of the digital world (see Figure 5).
I highlighted in red the portion referencing footnote 15, the one referring to Ethereum. As you can see, they talk more about Bitcoin, and make just a passing reference to how the block chain can be used for a transaction processing tool which then refers to the Ethereum wiki page.
Well long story short, call me a bit underwhelmed by this support by IBM.
Maybe I am missing more relevant discussion or links, and if so please point them out. As I said before I am interested, but have yet to find any solid evidence to support all the claims.
