Vitalik Unveils Ethereum 2.0 Roadmap
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Vitalik Unveils Ethereum 2.0 Roadmap
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Re: Vitalik Unveils Ethereum 2.0 Roadmap
#2Interesting to see how Ethereum pops up whenever technical aspects are revealed and how Bitcoin pops up whenever the price crosses some boundary.
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#3For those interested, the videos from the livestream are available here: https://www.youtube.com/channel/UCVmRAQeesq4TA3rdvbz-IkQ
The presented material by Vitalik is largely similar to his Devcon 3 presentation. Most (all?) Devcon 3 videos were just posted today as well: https://www.youtube.com/channel/UCNOfzGXD_C9YMYmnefmPH0g/pla...
For those that don't like watching videos, here's the FAQ which summarizes sharding: https://github.com/ethereum/wiki/wiki/Sharding-FAQ
And here's the actual code for the sharding python poc: https://github.com/ethereum/sharding
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#4Interesting to see how Ethereum pops up whenever technical aspects are revealed and how Bitcoin pops up whenever the price crosses some boundary.
David vs. Goliath
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#5Any time I read about Ether I think about this -
"12 Million ETH were created to the development fund, most of it going to early contributors and developers..."
At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's the list?
On their FAQ, under "Is the ether supply infinite?" there are two paragraphs of goobly gook basically saying "we haven't decided yet" ("an area of active research").
How can anyone take this currency seriously? What is so special that makes you invest in this instead of Bitcoin?
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#6Any time I read about Ether I think about this - "12 Million ETH were created to the development fund, most of it going to early contributors and developers..." At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's…
I'm not a fan of Ethereum (because their languages and VMs seem to be designed to maximize bugs), but the answer is "powerful smart contracts".
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#7Interesting to see how Ethereum pops up whenever technical aspects are revealed and how Bitcoin pops up whenever the price crosses some boundary.
Just because you don't know why something is going on, doesn't mean it's arbitrary.
In this case it's because of a path to mass adoption: http://coinivore.com/2017/11/26/bitcoin-reaches-time-high-95...
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#8Any time I read about Ether I think about this - "12 Million ETH were created to the development fund, most of it going to early contributors and developers..." At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's…
> Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1?
Why does Larry Page or Google Engineer #1 own billions of dollars of Google stock? Because he was there on day 1 and you weren't :)
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#9Any time I read about Ether I think about this - "12 Million ETH were created to the development fund, most of it going to early contributors and developers..." At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's…
Early developers used this 12.5% to bootstrap projects and also to sustain themselves using ETH as a salary. On the early days ETH was pretty cheap so you can imagine them burning through a lot of it. I would say they hold much less nowadays. Lets say 4%.
And the more they hold, the better for the community as a whole as they have more at stake for the project to succeed.
Re: Vitalik Unveils Ethereum 2.0 Roadmap
#10Any time I read about Ether I think about this - "12 Million ETH were created to the development fund, most of it going to early contributors and developers..." At today's rate that's $5,860,200,000 USD. Who were these early contributors, how much did each get, and why do they get to have 12.5% of the entire economy on day 1? How is that a fair currency? I've read there were only 60 some "early contributors". Where's…
> $5,860,200,000 USD
This value is influenced by free decisions of people, like you, who decide to invest in it. If those people (just like you) would decide that the developers are getting an unfair share and therefore, the currency is not valuable for them, Etherium wouldn't have such valuation.
But for some strange reason, people don't care about how much do developers get and how "fair" their compensation is, as long as they get their value out of it.
(I'm sorry for the rant, but I always feel really irritated when people bring the word "fair" into a situation which is controlled by a free market with a lot of small individual agents who are free to act in any manner they like and are not dealing with something they need for the basic survival.)