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Old 24th July 2015, 19:27     #1
Lightspeed
 
Ethereum

Anyone heard much about this? Looks full-on.

It basically is some crazy open source hybrid of a distributed virtual machine service and bitcoin.

https://www.ethereum.org/
https://en.wikipedia.org/wiki/Ethereum
https://github.com/ethereum/wiki/wiki

I haven't got my head around it all yet, might be just one more cryptocurrency. Looks like something more though.
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Old 27th July 2015, 09:39     #2
Jodi
 
Golly, it's still around?

Good on it.

Basically it's bitcoin, but not just for currency. A block chain, being a public and open ledger, is a good way of validating a contract between two anon people. (Look you agreed, it says so on the block chain).

Ethereum is just a technical implementation of that system.

Pretty sure code is in the blockchain somewhere. I'm more interested in seeing if anyone uses the Ethereum bytecode to write malware.
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Old 14th August 2015, 18:40     #3
Lightspeed
 
Apparently "thawing" is complete, price is jumping around a fair bit, mostly up though.
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Old 5th March 2016, 12:55     #4
Lightspeed
 
Value is going up and up. There are lots of apps in the works based on the framework.

http://dapps.ethercasts.com/
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Old 8th March 2016, 09:19     #5
Jodi
 
WTF? Its_still_here. Wont it just die already?
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Old 8th March 2016, 11:04     #6
Lightspeed
 
It doesn't seem likely:

https://www.google.co.nz/trends/explore#q=ethereum
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Old 9th March 2016, 12:50     #7
Jodi
 
lol -> "ethereum prison"
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Old 9th March 2016, 19:38     #8
Lightspeed
 
Yeah, I saw that. I should have stuck with ethereum+price. Of course, no guarantees that's not something non-currency related as well.
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Old 16th May 2016, 18:22     #9
Lightspeed
 
'Smart contracts' and the Blockchain - RNZ
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Old 14th June 2016, 00:14     #10
Lightspeed
 
The Future of Finance is Now - White House
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Old 17th March 2017, 10:47     #11
Lightspeed
 
Ethereum is going through the roof right now.
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Old 21st March 2017, 14:31     #12
OdditY
Bad Hacker, No Biscuit
 
No. https://aeon.co/essays/trust-the-ins...ll-of-ethereum
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Old 21st March 2017, 15:06     #13
Lightspeed
 
My understanding is that we're trusting that humans are rational, we work for our interests. Ethereum only fails when a majority of nodes act against themselves. We already rely on smart people acting hopefully in our interests. With an open source system at least there is a window into what's actually going on.

The DAO perfectly demonstrated the system works. Two sides disagreed, now both sides exist simultaneously and in harmony. No one lost anything.

Ethereum is still VERY basement level. It'll be five years before we see the real power of the system. There is still much to be built, including reputation systems.

Not everything will benefit from smart contract decentralisation. But so much will.

The article is wrong is its headline. Currently we've only seen the rise and rise of Ethereum. If there is a fall, it hasn't happened yet.
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Last edited by Lightspeed : 21st March 2017 at 15:08.
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Old 21st March 2017, 23:15     #14
Lightspeed
 
Intel is on board:

https://twitter.com/IntelITCenter/st...85271716806656
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Old 21st March 2017, 23:23     #15
DrTiTus
HENCE WHY FOREVER ALONE
 
I met your sister tonight LS
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Old 29th April 2017, 17:30     #16
Lightspeed
 
Another boom, no busts yet.
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Old 19th May 2017, 22:50     #17
Lightspeed
 
It's a little bit worrying how much crypto is jumping right now. Bitcoin's never been worth more.

What's going on?
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Old 20th May 2017, 13:51     #18
crocos
 
Quote:
Originally Posted by Lightspeed
What's going on?
It's becoming mainstream. I had a taxi driver going on about it on the way home last week.
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Old 21st May 2017, 10:23     #19
Lightspeed
 
Maybe, certainly bitcoin's climb has been fairly steady, which fits with growing awareness. But since March crypto in general has switched gears.
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Old 22nd May 2017, 14:59     #20
Nich
 
https://www.youtube.com/watch?v=5QImlAuJ5ZQ

Ethereum founder caps off the weekend's blockchain event with his talk on Taking Back Control of the Internet.

http://www.coindesk.com/events/conse...017/attendees/
https://events.bizzabo.com/consensus...08274/speakers
https://www.forbes.com/sites/laurash.../#2c55f9d87ef8

ETH is currently 1/3 the market cap of BTC. it has exceeds all the technological hurdles that bitcoin faces. It is essentially the new global decentralised server for the new internet.

From here ($210 AUD) ETH is estimated to at least triple in value.
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Old 22nd May 2017, 15:08     #21
Nich
 
also, some estimates put bitcoin at $30,000 in the next 3 years. Its the preferred alternative to FIAT currency especially in countries where their economy and currency has turned to shit. Bitcoin is the "safe" place to store your wealth.

Its only a matter of time before that scenario hits Australia, New Zealand, US. et al

get on board.

Last edited by Nich : 22nd May 2017 at 15:09.
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Old 22nd May 2017, 15:53     #22
junbeck
 
How does a noob get in on this ride?
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Old 22nd May 2017, 16:51     #23
Nich
 
wallet services such as Coinjar, Coinbase are easy ways to turn FIAT into crypto currency.

btcmarkets is a trading platform that is somewhat user friendly.


Also. if you are watching Silicon Valley Season 4, keep an eye on the "new internet" that Richard is building.

Or. if you are watching Mr Robot. You can see the more disruptive / destructive side of crypto.
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Old 23rd May 2017, 18:08     #24
Lightspeed
 
Quote:
Originally Posted by junbeck
How does a noob get in on this ride?
You need a client, which will set you up with a wallet. I use Parity.

The client downloads the blockchain and lets you manage your accounts, address books, etc. There's a Parity browser plug-in as well, so you can browse sites on the blockchain.

Time is right to register your ENS addresses.

EtherScan is a good resource.
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Old 23rd May 2017, 22:16     #25
kRAdENkO
 
Coinbase doesn't support NZD from what I can tell. You need another way to get NZD into coinbase.

I use kraken as an exchange and localbitcoins (escrow service) to buy/sell bitcoins in exchange for NZD.

In 2013 I mined a bunch of LTC. They are doing pretty well right now, but ETH and BTC are doing better!

I like ETH, seems like its solved a few issues that BTC has encountered. But ETH (the unit that powers the Etherium network) is conceptually quite different than BTC/LTC and other crypto currencies.

Eg: you could run a BTC blockchain on the Etherium network in exchange for ETH units. At least my understanding.
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Old 24th May 2017, 21:06     #26
Nich
 
Its been another insane day for ETH. $240 -> $280 on the exchanges.

each day this week has seen an almost 20% daily rise steady across BTC, ETH, and LTC combined.
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Old 24th May 2017, 21:21     #27
Lightspeed
 
Ethereum Classic is going up too, which frankly is nonsense. I'll have to cash that out soon.
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Old 24th May 2017, 21:26     #28
Lightspeed
 
Quote:
Originally Posted by Nich
ETH is currently 1/3 the market cap of BTC.
Almost half now. I wouldn't be surprised if the crypto surge in general is being generated by growing interest in the Ethereum architecture. Timing fits well with the conference.
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Old 25th May 2017, 10:53     #29
Nich
 
The conference, and new reputable members of the Ethereum Alliance has definitely inspired some big investments. This week has seen almost $10B USD pumped into ETH.
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Old 27th May 2017, 23:17     #30
Lightspeed
 
I reckon now is the time to buy. Eth in particular is cheap right now.
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Old 28th May 2017, 20:12     #31
Nich
 
I bought the dip, but now its back at $250

big news is that the biggest crypto exchanges (Huobi) will be trading ETH May 31st. get in position and get ready for another crazy week.

https://www.reddit.com/r/ethtrader/c...chinese_huobi/
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Old 30th May 2017, 12:02     #32
Nich
 
http://www.abc.net.au/news/2017-05-2...s-sold/8570494

Ethereum gets a mention on ABC investment news.

Also mentioned on Triple M's Motley Fool this week
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Old 31st May 2017, 09:57     #33
Juju
get to da choppa
 
Bought some ETH when a stuff article came out the other day about some old codger who had cashed up his gold stocks and bought $100k a ETH and double his money.

I went from nothing to holding Ether in about a few hours.

localbitcoin -> Bought bitcoin from coinhub via direct deposit to kiwibank -> setup account on poloniex.com -> transferred bitcoin from localbitcoin wallet to poloniex.com -> exchanged bitcoin for ETH -> setup wallet on myetherwallet.com -> transferred from poloniex to MEW. Done.


myetherwallet is the best of both worlds - no blockchain/client to have to download, but your wallet and all it's interactions are client side.

Also exchanged 1 ether coin for some DGD for shits and giggles.

Last edited by Juju : 31st May 2017 at 10:00.
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Old 5th June 2017, 11:35     #34
Nich
 
Tim Ferriss talking with Nick Szabo on Bitcoin, Ethereum, and blockchain in general

http://tim.blog/2017/06/04/nick-szabo/
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Old 6th June 2017, 16:41     #35
Lightspeed
 
Guts, I didn't get lightspeed.eth. I made whoever got it pay at least.
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Old 10th June 2017, 22:13     #36
Lightspeed
 
Word is that ETH will hit US$1000 by end of August. $300 now, was $120 at the last dip.
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Old 11th June 2017, 12:24     #37
junbeck
 
Must be a case of FOMO pushing this to the level it is now.
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Old 11th June 2017, 14:43     #38
Nich
 
The guy who got me into Eth said this morning. "I became a millionaire last night while i slept."


https://coinmarketcap.com/currencies/volume/24-hour/

24hr Volume shows its mostly Korean and Chinese currency flooding the market at the moment

Total crypto market cap was $100b 4 days ago. Its now $110b.

People calling this a bubble are ignorant of where exactly the bubbling is occuring. It would be like calling Intel, HP, Cisco, and Dell the bubbly part of the dot com boom. the ICO crowdsales are definitely bubbly, but these new startups and tokens require an underlying tech to drive them. Ethereum grows in value based on the combination of valuable startups built upon the tech.
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Old 11th June 2017, 14:45     #39
Nich
 
Devcon 3 in Nov may indeed push us to $1000 / ETH .. oh man ..

Anyway, shopping for land sales at the moment.
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Old 11th June 2017, 20:00     #40
kRAdENkO
 
Curious how you know the geographical origin of the money?
Based on timing of trades?

I have a few positions in play. Had a stop loss get triggered at $306 USD earlier today on a few ETH I was messing with. Basically dropped to $304 then shot back up again. Was mighty pleased with the paper gains of ETH until I got an email telling me the stop loss had been triggered. Fail.
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