Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
Decentralized computing secured by a blockchain! :D->-<
Final Steps
11–20 of 104 posts
Re: Final Steps
#12Blockchain tech is finally getting interesting. Of the part of the population that is reasonable well informed about the workings of bitcoin, there is a huge sub population that, for one reason or another, regards it as less than a full viable implementation to accomplish the goals set forth in the whitepaper. I am among these. Although the bitcoin whitepaper represents a compelling call to action and a mathematical…
How do you say Bitcoin didn't succeed? The currency currently has a market cap of about $4,300,000,000 USD, processes transactions equivalent to $300,000,000 USD daily and can be used globally by anyone. It's been running completely decentralized for 6 years without compromise. It has probably succeeded far beyond most expectations for it.
Is 90% of the market still speculation? Call me when it's not.
Re: Final Steps
#13Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
I've still yet to find a "basic" description, but their whitepaper is actually quite useful in describing what it is and possible uses:
Re: Final Steps
#14Earlier quoted context omitted.
How do you say Bitcoin didn't succeed? The currency currently has a market cap of about $4,300,000,000 USD, processes transactions equivalent to $300,000,000 USD daily and can be used globally by anyone. It's been running completely decentralized for 6 years without compromise. It has probably succeeded far beyond most expectations for it.
If only we could harness the computational power wasted on Bitcoin mining as heat, for useful distributed computing.
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Re: Final Steps
#15Good luck guys! I'm incredibly excited. This feels like a modern day Apollo launch.
Forgive the downvoters Father, they know not what they do.
I'm right there with you on the edge of my seat. There might be no visible rocket explosion, but this will have a similar explosive impact on humanity.
Major congrats to the Ethereum team!
Re: Final Steps
#16Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
Ditto, after reading several of the about pages, I'm still not sure what Ether is, or how it's used, or who the target audience is. Something in there about a decentralized platform for running apps, but I don't want to guess too deeply about what this means. Is it a cloud hosting platform that runs on Ether? Is the platform going to be used primarily for mining Ether? I'm not even sure, if anyone has a short descrip…
After much moronic searching, these two tutorials seem to somewhat demystify the idea:
https://forum.ethereum.org/discussion/1634/tutorial-1-your-f...
https://forum.ethereum.org/discussion/1635/tutorial-2-rainbo...
Re: Final Steps
#17Hey, just a heads up. On your landing page the text in your Hero didn't render properly. I'm using Firefox version 39.0 on Windows 7
Re: Final Steps
#18Just to chime in with the obligatory: sounds-interesting-but-for-the-love-of-turing-it's-infuriatingly-hard-to-find-a-basic-description-of-what-it-actually-is.
Ditto, after reading several of the about pages, I'm still not sure what Ether is, or how it's used, or who the target audience is. Something in there about a decentralized platform for running apps, but I don't want to guess too deeply about what this means. Is it a cloud hosting platform that runs on Ether? Is the platform going to be used primarily for mining Ether? I'm not even sure, if anyone has a short descrip…
Ether is a "computational currency." You earn it by running computations on your computer. You spend it by purchasing processing power on other people's computers. The computation is software defined, so that customized "distributed apps" are possible.
This is my outsiders understanding. I think there are potentially a lot of things that could be gotten wrong here - from the specific implementation and security measures to the economic plan. But it's one of several such experiments with using the blockchain, so I'm looking forward to see what they can do - that said I have no expectations for financial gain.
Re: Final Steps
#19Earlier quoted context omitted.
How do you say Bitcoin didn't succeed? The currency currently has a market cap of about $4,300,000,000 USD, processes transactions equivalent to $300,000,000 USD daily and can be used globally by anyone. It's been running completely decentralized for 6 years without compromise. It has probably succeeded far beyond most expectations for it.
Is 90% of the market still speculation? Call me when it's not.
What does that even mean? If I were to add up every single transaction involving USD, what percentage do you think would be HFT and other Wall St speculation?
Re: Final Steps
#20Good luck guys! I'm incredibly excited. This feels like a modern day Apollo launch.
Forgive the downvoters Father, they know not what they do. I'm right there with you on the edge of my seat. There might be no visible rocket explosion, but this will have a similar explosive impact on humanity. Major congrats to the Ethereum team!
It can't have an explosive impact, because it has none of the drama of three guys strapping their nuts to a massive rocket, hurtling themselves into space, and becoming the very first to walk on the big white ball in the sky—where said ball has captured the imagination of every human that has ever lived, ever. You're not going to have every TV set in the whole world tuned into the launch day for a blockchain.
If this does have an impact at huge scale, it's going to slither into everyone's lives by coincidence, convenience, or accident, over time. I would not call that explosive.
Perspective, people.