Ethereum ... anyone?
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So, after hearing about Ethereum a while back I’ve followed it since and lately I’ve noticed that it’s pretty much being rammed down my throat at site’s I visit.
Which is great and all (to a point), but in the back of my mind while I’m listening to podcast after podcast of Ethereum guru’s explain Ethereum (yet, not explain Ethereum) in the simplest of terms, I keep seeing Kevlar’s post and chat conversations I’ve had knocking Ethereum and giving reasons why (which I’d like to hear more about if you’re reading this).
So far, this is what I hear out of Ethereum …
- We have assembled a great team (which includes 2 former **Goldman Sachs **associates).
- We are ASIC-resistant SHA-3 (which means until we’re profitable no one will bother making an ASIC).
- Apps, apps, apps, DAC, DAC, DAC.
- Ethereum is using GO, which is 4 years old and developed by … Google.
- The white paper doesn’t really answer a lot of their initial claims in much detail and reads like a manifesto.
- Distribution will be better than teh other coins. No Top 5% owning most coins. (how?)
- The others (see Namecoin) did it wrong, we’re doing it right (how?).
- Utopian talk, more utopian it’s all good stuff, have we convinced you were are gawds yet?
Yeah, I agree. You guys are some smart sob’s … but, I’ve heard other smart sob’s say you’re doing it wrong and others saying this is an attempt to … bah let’s not go down that road (yet). Which makes me question the connection with Ethereum’s 2 former GS associates.
Despite all that I’m going to be all up in Ethereum since it’s being hyped up as the greatest thing since teh tortilla (and the hype market will drive the price), but I do not think (at this point) it will be long term.
What do you think?
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So what do you know about the pre-launch buy-in ? How much will it cost ? Is there a minimum etc …
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The pre-launch keeps getting delayed. You will be able to buy in with Btc, I don’t think a price has been confirmed yet.
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I prefer Kevlars solution, where the value of a coin, is used to store a referance + to any type of information. It could also encrypt the “code” they are envisageing.
It would seem from whats happened so far for coins, additional use beyong the currency block chain, are not the driver of alternate ccurrency development that “monatary value” has in makeing a secure network.
In fact, an old coin from an established network, such as Feathercoin, would be much more sure against manipulation. The transactions and copies of the Blockchain during normal currency use will also increase the surity of documents and “code” stored against “An established valued currency”.
