OFFICIAL ETHEREUM THREAD
Post any and all Ethereum related news, developments, and price speculations
Official site: www.ethereum.org
Wanxiang: the company currently is engaging in a number of activities relating to pushing blockchain tech forward in China out of its base in Shanghai, particularly including the research/education non-profit Blockchain Labs and the VC fund Fenbushi. Fenbushi is in the process of making some substantial investments into Ethereum startups which will be announced soon; the non-profit side will have some interesting stuff announced soon as well. I'm involved in both of those groups (and am spending a lot of time developing out the ethereum ecosystem in China generally).
Fenbushi was given 50mm dollars to invest and Vitalik is a GP. I bet they're going to dump a few million across the whole ecosystem. They already bought 500k worth of ETH.
Daily reminder that this magic money is a pump and dump and will be the next Darkcoin/Doge/Ripple/Litecoin.
The exact same arguments used to support this were used for those.
Don't get shilled into buying this shit.
I prefer the threads about ethereum started by haters. They usually turn into far better shill threads with multiple people popping up mid thread to ask how to buy.
Thinking of doing an ETH giveaway thread. Get people hooked on that sweet sweet ether by giving them $1 worth.
Can we please keep the begging to a minimum? This thread is not meant for that. Also, some of these addresses that have been posted don't even exist. Don't forget that etherchain.org is a public record of all addresses and transactions.
I have a killer idea for a website/dapp. I just bought a perfect domain for it, but now I need someone who knows the Serpent language and everything about the Ethereum network.
I'd like to bring you in as partner(s).
Any one remember me telling them to watch for Xem?
well its doubled since then and will go to 500 before you know it
seriously ether is a russian psyop
were you the one that told us to buy eth when it was 70 cents and 80 cents?
Also will MUFG japan digital currency be partnered or laid with XEM?
im not sure if it will be partnered with, but im sure certain that nem's block chain will be huge
you can bid and see if some one will sell that price.
or if you feel confident in the coin, buy it for the offer price
dont rush dont feel pressured
i made alot of mistakes but i started with 50k satoshi, and its null at this point.
watch the markets lurk, and dont panic buy or sell
most of all have fun !
My girlfriend's ETH account, she'd love it
According to coinmarketcap XEM/NEM has a market cap(total value) of $5million.
NEM/XEM has a total coin supply of 8billion 9hundredand99million9hundredand99thousand9hundredand99.9
And there is a little star next to it which indicates a significant premine. Which means that the developers/founders own the vast majority of the coins.
This allows the price and marketcap to be manipulated from central command like a puppet on a string.
Anyone investing in NEM/XEM should be aware of these facts.
No amount of Kek posting can change the fact that this is a japanese coinscam for noobs.
>total coin supply (and growing) 8,999,999,999*
>Market capitalisation $5million
For Ethereum to increase in price it takes thousands of actual traders and tens of millions of dollars worth of actual trading.
For XEM/NEM to increase in price it only needs the developers (who own most of the coins thanks to their premine) to restrict the supply on the market and a couple of bots to trade back and forth on a couple of exchanges. (And a few noobs and clueless shills who will get dumped on)
This shows the daily volume of cryptocurrency trading
It is clear that ethereum is moving to a dominant position among the altcoins
ETH is bitcoin 2.0 basically moon guarnteed. Bitcoin has run out of steam pretty hard with no chance of moon from here. Bitcoin halving is already priced in. All we will see at halving is miners dropping out when price doesn't increase as expected.
Confirmed for not being in BTC at that time.
Cyprus didn't happen until long after that pump
Willy bot didn't exist at that time
No one was talking about halving at that time because people weren't looking desperately for a reason to cling on to for hope.
I lived it man, I was there. You're talking codswallop.
Oh boy here we go
>Cyprus didn't happen until long after that pump
To be precise, I remember reading almost every news agency explain the runup of early 2013 to be 100% entirely based on Cypriot debt crisis
>Willy bot didn't exist at that time
Yeah, fair enough, 'Willy' was the next pump.
I do remember reading that there was other large dubious pumping bots throughout the majority of 2013 though, Marcus I think if I remember right.
>No one was talking about halving at that time
People were talking about it the whole of 2012, and as soon as the August pump found a bottom people were getting hype as fuck about it.
>I'm the only person who was there xDxD
Yeah, similar to what I did. I can see us dropping to 320 - 300 in the next few days/week but I really doubt more than that.
The honey badger does what it wants though eh
Ok, i was wrong about cyprus. But at that time my feeling was that cyprus was just something people pointed to to sort of justify why the price was high.
Some sectors of bitcoin are always desperate to set bitcoin up as some sort of safe haven in harsh economic times, kind of like gold.
I personally don't believe macroeconomic factors have as much effect on the price of bitcoin. I think bitcoin price is more affected by the popularity of chinese research chemicals and the street price of methaphetamine in the US.
Yeah, totally right about Cyprus. I'd blame the media to be honest, they painted it like it was fully the reason.
Yeah, the silk road bust was sick, biggest bear trap I've ever seen in my life.
Anyway, about the halving. If anyone is curious about what's probably going to happen I think the litecoin pump from last year is a good guess
Nah, i think it will be a bulltrap. A slight rise then a crash when people realise the halving was already priced in.
ethereum will be snapping at bitcoins heels at the same time so from where i'm standing i'd rather put all my money into ethereum.
You do know that this was the SR bust right?
Dropped about 30% in a few hours then bounced like a champ
I refuse to believe anyone who was following bitcoin at that time doesn't know this
yeah, and there is also not a finite amount of dollars.
It could be $1000 for a loaf of bread at one point.
I quite like the idea of measuring altcoins in bitcoin or ounces of gold or something that's capped
>if i call them stupid it'll make refute their point xd
Do you think that possibly an alternative to what we have (banks) could potentially be a good thing?
Maybe we could do our system a new way so we could each be our own bank.
Would you agree on any level that fiat currency is problem?
>Maybe we could do our system a new way so we could each be our own bank.
Sounds good! Can I do it with USD? I don't want to hold on to volatile shitcoins.
>fiat currency is problem
Well I guess you better put all your money in ethereum then. God knows it's accepted more placed than VISA, and stability is what made up internet money is known for.
I am starting to root for the shills. Anyone stupid enough to buy into this deserves to lose their money.
If only there was a way for them and the shills to lose so this cancer could be curbed.
So what kind of yacht are you guys going to buy?
TO THE MOON
What is the point of Etherium anyways? I though the big hype was all about decentralization, so using a lot of PC's as datacenters so the network is anonymous and diverse and resilient
Sounds like data security is what it really is then. But a lot of people couldn't be fucked to care about the fact that their Tinder, WhatsApp, Facebook, Twitter, Snapchat etc data goes through the main big pipe
sry bad formatting
Really it's not for things like "Oh the government is going to see my cat pictures"...
It's more for "Let's host a website that lets people bet on things like the next school shooting" Without anyone being able to take it down or do anything about it.
Or more positively:
Let's use Ether to create incorruptible, unlobbyable democratic processes.
Sounds like a slightly more Kosher version of the Darkweb (TOR)
Like instead of having to go underground into the TOR network, the Etherium powered apps and websites will be on the clearnet but untouchable
I can see things like:
journalist records, writings, footage etc
Silkroad 4.0 and other drug dens
Betting sites (including the school shooting you mentioned) on a variety of things
PDf's on how to make illegal things like weapons
being the vast majority of it. I'm not sure if all of the normies will appreciate it as much as we think they will.
If what I said is not grossly mistaken, I have a hunch Etherium won't be as widespread as many think it will
Wow that would be fucking horrible considering what we learned from Snowden. The NSA has cracked almost every single cryptographic system in use today. If it's digital, it's not incorruptible. If Silk Road was a honeypot, this is a fucking honey truck.
Pretty much nobody without some technology acumen had any idea what TOR actually was. Sounds like it needs to be as simple as downloading an app from the app store, plus a metric ass ton of advsrtising to really pique the interest off the masses. Oh it has to be shiny too and attract women
Seems like almost everything is a honeypot nowadays. The concept of decentralization will no doubt have demand, but I think the average end user won't bring the bulk of it.
I think those who have things to hide, a lot of smaller businesses, some blue chip companies will be first in line for this
I read that as Sweden haha. Snowden's heroic efforts were news with the normies for a couple of weeks.
The biggest problem with the current year is that people (not just younger millenials) are honestly willing to sacrifice some of their freedums / privacy for convenience and cheap entertainment. People even my parent's age, late 50's (I'm 27) are starting to act like milleniais with their faces glued more and more into their iPhones and participation in shittier movies such as the newest Star Wars. The market has obviously shown this.
I have my master's in a field unrelated to Finance, but I'm finishing a commerce degree atm. A lot of my professors are really unsure of ETH's use, and are skeptical at best
The intention is to use Ethereum for disintermediation/automation and things that are supposed to be transparent and open like bond/stock markets. It's not meant to be le dark web 2.0. Although, it may have some shady corners like any widely used technology.
It is supposed to act as a public record AND always-running service for things like real estate deeds, financial markets, boardroom governance and internet of things.
Is that a major improvement on what's happening right now, outside of politics and journalism?
Is this going to be a tool that draws more investors to be tempted to time that market because of faster available information and less insider trading?
As you said, it probably will harbor a few shady sites. I'm willing to be there's going to be fierce competition amongst drug and gambling sites that will be popping up
>Internet of things
Not sure how revolutionary this actually is going to be. For example, a lot of people probably don't give a shit about the history of songs/notes played or the people who sat in front of a piano wired up into the IoT
All of my apliances work fine. I don't need Twitter updates on my dishwasher or Fridge. I have 4 sports channels, CraveTV, Netflix hooked up to my TV. Switching channels takes a couple of button presses. I don't need to read news on it, becuase I have 3 safari bookmarks on my iPhone's Safari broswer
I get my Hockey pool updates on a coule of iPhone apps. I get updates on what bands are playing at which venues on which days from another App
I have a standard programmable thermostat, I don't need no Nest
TLDR I don't really have a need for my stuff to be hooked up to the IoT. It really seems like novely thing, which doesn't make things that much easier for the average consumer. Even at the Consumer Expo, a lot of companies were getting worried that upgrades in their appliances were more for noevly and not making a difference in terms of energy efficiency, or convenience. So unless the novel things are convincing enough through smart marketing, a lot of new tech will flop.
I have no idea how ETH is going to aid automation. Google results just point to articles saying that there will be automation of contracts. Buuut is the lack of human evaluation before both parties accept a contract really a good thing? Sounds like a lot contracts will be breached,
There's a technical difference between TOR and this.
TOR had websites just like the regular web. It just doesn't have any way to 'find them' and forces users to go through tunnels and proxies before connecting to make them anonymous.
The end website can still be compromised by the FBI. (As it was).
This thing is more like bit-torrent. Every computer on the network has it's own copy of the program/website that it's validating against every other copy (similar to bit-torrents peer system).
If any of the copies do something their programmed not to then it's excluded from the network until it re syncs.
It's completely decentralized. Once the program is released onto the network. Nothing, not even the creator can do anything about it. Only the program itself can stop itself if it was programmed to.
IoT is more than just bringing social media onto random objects.
The best example I've seen now is what if you could 'lock' things like bikes or garages. To undo the lock they have to pay a certain amount of bitcoin or ether into your account.
Toll gates that work on ether/bitcoin and directly take from your account.
An app on phones that let you do 'quick bets'. You and someone else bet on something, you both define a trusted third party to provide the confirmation that it happened or not. And you can bet for ether or bitcoin. On anything.
Objects that track their own history.
There's probably a lot of applications we haven't thought of yet;
I like the system, it basics seem pretty solid to me. Still a bit hung up on the benefits, asides from the decentralization part, which I really like as well
>toll roads / locks
Things like public transit fare boxes, rent-a-scooter bike locks, public storage locks etc. are having things like GO cards, or flash enabled interact at the POS. Doesn't the current banking systems have a nice practical foothold on fiat money already?
I could see object history being important, but only for things that are used by a lot of people, or equipment for a small business
The betting systems sound pretty lucrative to me tho. Sounds like taking gambling and using it for everything. "Hey bro what time is the bus going to come to a stop here in front of us? I dunno, 5 mins or less. Ok I think 5 min 1 second or more. K, Ill bet you 3 Ethers"
There could be a super version of liveleaks too
top of keks. I made bank by bailing out on BTC exactly TWO fucking years ago on this same date... and I thought it was over, that it was it. No more threads, no more false beliefs, no nothing.
But sheeeeiiiiit, nigguh, the game is still going strong! Top keks believing they can mine their way into fortune.
TFW you want to mine ether but don't have a GPU
Autistic NEET here, anyone willing to give me a little money?
I have 96 ETH that I'm trying to raise for a business degree.
Thanks a bunch dude, that's a step closer to my /biz/ degree and my rehabilitation, to the moon bro's.
We need a small thread tutorial for this shit, anyone willing to send me some cash if I make one?
To the moon boys!
Started by the announcement that R3 (big financial group) will be using Ethereum. Supported by restlessness and fear in the bitcoin community, so lots of BTC were transfered into ETH. Add to this that Homestead is nearing release.
Send ETH, and I'll send you positive energy from Canada.
Some people don't actually realize there are off exchange transactions for special people though.
Or they pay people to do it, but most people are interested in revenue streams at first when the monopolize the programs/exchanges/apps they invest in.
Other than ETH going up even higher, nothing really. Why 3 days? I fucked myself waiting on verification and all that dumb shit, I would've went in at 2.20$ a piece, but had to buy at 3.04$ :(
1) localbitcoins, find someone selling at market, buy a few
2) swap them for ETH on shapeshift.io
What is the problem with your diseased mind?
Localbitcoins is godly p2p trading for anonymous cash and fast domestic bank transfer with escrow.
Better than using an exchange and getting goxxed
Ok.. yesterday I bought for 370$ a piece, care to explain to me how that's way above market price? She literally pulled out her phone and sold it at what it was on coinbase at the time.
Okay. Download app called "mycelium wallet" and click buy, it'll show you locals in your city selling and their prices. You don't have to register or anything. Let me know what you see.
just got fired from my job I feel like a well placed investment in ethereum could get me the gas money to make an out of state interview on Friday. plz help: eth: 0xc5240d991b241c222f38a599da988f4f3cd78e55
Ethereum for Meruem
>tfw wanted to buy at $2.51
>had to wait for coinbase to verify my bank account
every increment in ether i get to this account i'll post another sfw but lewd anime/3dpd .webm
>coinbase says the verification transactions should be in my bank account now
>they're not there
pls help ;____;
Just curious how long does it take to receive eth? I check etherchain but it keeps saying it cant find my shit. Wtf senpai(if you did send thanks a ton, im just curious for the future)
I lied about sending you eth. Buy some like everybody else you smelly beggar
You'll be waiting a long time. The only thing that gets me hard is watching the ether price rise.
g-guess i'll just go on etherfaucet and fill out captchas. hope i get the big win of a whopping .094 ether........
They allow businesses to accept bitcoin without really accepting bitcoin. Basically breaking the vital links needed in the bitcoin economy. Namely that of forcing businesses to spend btc or pay their employees with btc.
Luckily the ethereum system fixes some flaws in that regard
Could someone send me a very small amount of ETH? I just want to know what it feels like, I am very close to buying ETH myself. I just made an account on Coinbase which is now fully verified to buy Bitcoins for ETH.
Eth pls so i can buy my sister the rest of her head
I'm holding 700 ETH.
Is this enough?
I bought in at 90c.
I'm regretting not getting more, but bank transfer for more BTC will take forever.
I'm confident that once the Chinese exchanges start trading ETH it will explode even further.
Should I dip into my savings account?
How much do I need to hold so I'm on board to the moon?
Even if this would ever reach $1000, that's not enough for me.
I wanna fucking retire on this, have 6 beautiful children and stop being a wagecuck forever.
This investment made me discover my Jewish side
> complete noob
> 3 months ago decide to try alt trading
> no idea how shit works
> buy a shitload of ETH
> mfw last night
So I've got a long on poloniex of ETH purchased with BTC. I hold onto this for a while right, thats why its called a long? After it goes to the moon or doom I sell my long and get BTC back? How do i take BTC and convert it to USD?