Topic: Price of Ethercoin - Ethereum (Read 2337 times)

You can also buy ether as superether - that is asset on NXT asset exchange. Current price is 220 nxt for one ETH token.

Now the only way to buy Ethereum is through Ethercoin.
When Ethereum is launched, the price will sink as many people will be selling their coins for bitcoin.

Ethereum is a very exciting project.

It has a large team of serious developers, loads of cash, and many 'Ubers', like Vitalik, backing it.

The technology is the most advanced use of blockchain teck yet.

IF it delivers on even a 10th of the things we think it can do, it may actually change the world. Like Bitcoin.

It is not just a 'COIN' - it is something quite different.

I'm a programmer, and it makes me giddy to think what this might be capable of.

Quite frankly - the price seems low.. 

..

As for ethercoin - I have seen nothing to make me think the devs are trying to scam anyone. Nice idea actually. 

I guess the ethereum will be launched. And somebody just pump it.
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I'm confused about your post. It is a fact that CounterParty supports bitcoin, whilst Ethereum natively doesn't (although I'm aware there are eth bridges being worked on that use guarantors)-  how can you disagree with that?

Even with CounterParty previously using bare multisig, exceeding 3% of daily bitcoin tx volume, the storage requirements were neglible. However counterparty now uses OP_RETURN which are prunable (and meant for storing extra metadata in an efficient manner!), this does not bloat the blockchain by contributing to unspent UTXO. In addition every counterparty tx, just like colored coins is a specially formatted bitcoin transaction which pays miner fees in order to  become represented on the chain. The spam argument is just plain wrong at this point.

Everyone has different view of what bitcoin was intended to do. My personal opinion is  that bitcoin purely as a "dumb payments" rail is just one limited early application, whereas there is plenty more potential to be gleaned. Much like the early internet, I believe that Upper layer protocols built on top of the blockchain are the future of Bitcoin. IMO The greatest potential of bitcoin, as a unit of currency, is to be the currency used to pay transaction fees for the world's peer-to-peer digital transactions, and that can only happen if ULPs are built on top of BTC.



I don't think smart contracts on counterparty are a silver bullet for most scenarios.  In many cases bitcoins long blocktime would make them far from ideal

 I agree nobody wants to wait 10-30 minutes for a decentralized messaging smart contract on bitcoin chain.  It's way too long!- but then again nobody wants to wait one minute on ethereum either.  both are inappropriate, a non smart contract based solution would be massively more efficient (and cheaper too)

Smart contracts are only a fit for a specific subset of applications; and in some cases those applications can cope comfortably with 1 minute, 10 minutes, or 1 hour.  think of things like a land registry, Token controlled access, stock ownership transfer, or final settlement. What people are paying  for is to execute logic thats being backed by 400PH of power and recording an immutable entry into a massively distributed, globally replicated ledger with an already established network effect. If it's that level of decentralization that's required you would

I disagree with this.  If Bitcoin invested heavily in sidechains or found out a way to make the blockchain scalable then I would agree with you.  With the storage / bandwidth requirements I feel counterparty is just spamming the network for something bitcoin wasn't intended for and creating problems for everyone else.

I wish the bitcoin maximalists would put their weight heavily towards sidechains to improve anonymity & scalability with the same passion that they dislike other initiatives.  I actually think trying to create wealth out of thin air via altcoins the way bitcoin did is horrific for adoption but there really isn't any other choice if people want innovation at this point.

Ya, I can't see how anyone can judge what the eventual Ethers will be worth at this point. It's really a tough one as they've had such a huge crowdfunding and expectation build up.

I think the price will rise and then go down again to a couple of dollars. Still, no way of knowing that.

As to Counterparty taking the Etherium code, it shouldn't be forgotten that everyone else took the Bitcoin code for free first. Counterparty supports Bitcoin/blockchain, Etherium doesn't.

I am interested in Etherium though.

A few points -
1 - 15 min 1mb blockchain limits are not scalable for smart contracts.  I did the math on just Uber (one of the few low hanging fruits of smart contracts).  Even with it's own blockchain multiples more effeciant than Bitcoin Ethereum would struggle.  You want to put Uber on the dinasour of bitcoin?  It's a lose lose for all involved - if Bitcoin wants to be the single currency then they need to get rolling on sidechains.

2 - Ethereum builds counterparty in 340 lines of code. - https://www.reddit.com/r/Bitcoin/comments/2mb6bt/ethereum_builds_counterparty_in_340_lines_of_code/

The difference is that Counterparty forks (copied the code) while Ethereum recreated the Counterparty code inside their platform (Big difference). 

What makes you think that is an accurate reflection of Ether price? Isn't ethercoin basically 100% premined. The Ethercoin devs could pump the price to whatever they felt like if that's the case. I'm not saying Ether won't be worth that, but I don't see why Ethercoin would be trusted to accurately predict that.

0.00659999? Hahahaha the price is now 0.0199995 and climbing! That's a 3-fold increase in 1 year. You got your Ether already I hope! ;-) That price is pegged to the price of bitcoin. Each ETC is worth .0199995 bitcoins. Right now a bitcoin is worth $295. Doing the math, that makes each ETC worth $3.23....a far cry from the $0.24 it was when I bought 2000 Ether during the presale.

It will probably be cheaper to buy ethereum ethers directly off IPO sellers after it launches. Many of them will want to immediately sell as soon as they get them.

I have a few NXT too, but I think Vitalik can be the gear that will boost cryptos this year, I saw only good thing about him.

I was just going to invest in EtherCoin.

Just turned back, and invested in NXT.
At least its working *right now*.

Can't understand the price of ethercoin
0.00659999

I've invested on Ethereum, but just curious about what will happens when ethereum goes live. 

No offense intended here.  But if you give away blueprints for free then someone else starts selling your widgets on a blueprint chain that's always changing you going to trust the original inventors of people who just wanna sell tokens for awhile?

/disagree

There are alternatives based on proven track records
1) Counterparty based on the security of the proof of work bitcoin blockchain
2) IBM the "fiat" large corporation alternative.
Both of the above have forked the Ethereum code. I may be wrong but a portfolio combining both 1 and 2 above may very well outperform Ethereum.

ethercoin is just some people claiming to be selling you tokens you can redeem for ethers.

If you trust them (dumb) and think promises are worth more than 5X the original real deal then go for it.

I'm looking at the price of Ethercoin (currently 0.0053BTC). Anyone knows about why the price is so high? what would happend when Ethereum goes live? Price will sink? Any thoughts?