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Old May 8th, 2017 #1
Alex Linder
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Default #1 Ethereum Thread

[someone mentioned this...saw an article on it today. maybe it's #2 after BitCoin]

https://medium.com/@andrewkeys_88339...a-31f1d24c8ee9
 
Old May 8th, 2017 #2
Mike in Denver
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Ethereum: Didn't have a clue. Read about a third of the article, and still...not a clue,so:

This is the best definition I found from -- https://blockgeeks.com/guides/what-is-ethereum/ [A learners guide]

"What is Ethereum for beginners?
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications."

The Wikpedia article is gibberish. The above website is great.

And, the true Ethereum web site is -- https://www.ethereum.org [Impressive looking site...haven't explored it yet.

Now that it starts to make sense, back to the article posted in first post.

Mike
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Old May 8th, 2017 #3
Alex Linder
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Quote:
Originally Posted by Mike in Denver View Post
Ethereum: Didn't have a clue. Read about a third of the article, and still...not a clue,so:

This is the best definition I found from -- https://blockgeeks.com/guides/what-is-ethereum/ [A learners guide]

"What is Ethereum for beginners?
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications."

The Wikpedia article is gibberish. The above website is great.

And, the true Ethereum web site is -- https://www.ethereum.org [Impressive looking site...haven't explored it yet.

Now that it starts to make sense, back to the article posted in first post.

Mike
i think Remnant mentioned it, so i had impression it was same type or competitor with BitCoin. i'll have to read that site... bitcoin has been surging recently, from 1200 to 1600
 
Old May 8th, 2017 #4
Mike in Denver
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Quote:
Originally Posted by Alex Linder View Post
i think Remnant mentioned it, so i had impression it was same type or competitor with BitCoin. i'll have to read that site... bitcoin has been surging recently, from 1200 to 1600
Yes, and more.

"According to Coin Market Cap, Ethereum has the second largest market cap amongst Crypto-Currencies, after Bitcoin. Bitcoin and crypto lovers all around have seen Ethereum as an interesting platform that promises scalability, reliability and growth potential."

That from here: https://medium.com/@attores/step-by-...t-772a3cc99af4

I think I'm going to spend some time looking at this. It connects to many things...very big in China, being pushed in the EU. Software, the web, hardware, investing, markets, crypto-currency, contracts...

More from the same site: "Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
To operate the distributed application platform Ethereum, you need a fuel: Ether. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources)."

This plus I just read that it is big, and getting bigger, only slightly behind Bitcoin.

Could be hype, but I doubt it.

Mike
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Old May 9th, 2017 #5
Mike in Denver
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Only slightly off topic here.

I've been reading on Ethereum. I have a good technical background, and I'm still confused. Also a confession: I know squat about Bitcoin. I've never owned one, never spent one. Bitcoin is just an abstraction to me. However, reading on Ethereum I've read several times that Ethereum is not a competitive digital currency, but is complementary to Bitcoin.

I'm totally ignorant on Bitcoin, except as an abstraction I bump into on the web, so I'm backing up a bit to read on Bitcoin.

If you have a prime membership on Amazon there are several slick videos on Bitcoin for free. Some cheap Kindle Unlimited books (free if you have a Kindle Unlimited membership.)

Digital-currency, Crypto-currency. Scam, flash in the pan, wave of the future, saviour of humanity?

Mike
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Old May 11th, 2017 #6
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I was buying ETH around $1.50.

The next one I predict will explode is Nexus - NXS.
 
Old May 11th, 2017 #7
carl_sebastian
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I am making money mining etheteum now but i cannot recommend it for long term holding https://www.reddit.com/r/ethereumfraud/

The altcoin market has exploded recently, i will personally stick to the zerocash coins for holding but i am sure many alts will go up, not becuase of fundamentals but becuase of speculators buying without understanding cryptocurrencies.
 
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