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Old 27th June 2017, 23:32   #1
webthing
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Make your own free money in 3 easy steps. "Ethereum"

This is not SPAM.
This is a discussion about crypto-currency

LOL


Disclaimer:
No I don't use Bitcoin or Advocate the use of any kind of crypto-currency. - webthing



Do you already have ideas that you want to develop on Ethereum? Maybe you need help and some funds to bring them to life, but who would lend money to someone they don’t trust?

Using Ethereum, you can create a contract that will hold a contributor's money until any given date or goal is reached. Depending on the outcome, the funds will either be released to the project owners or safely returned back to the contributors. All of this is possible without requiring a centralized arbitrator, clearing house or having to trust anyone.

You can even use the token you created earlier to keep track of the distribution of rewards.


https://www.ethereum.org/token


I don't know what Ethereum is?

Oh, I guess it's some kind of crowdsourcing idea.



"What is Ether"

Ether is a necessary element -- a fuel -- for operating the distributed application platform Ethereum. 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).

If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network.

How are ethers created?

The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:

60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward)


Is the ether supply infinite?

No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key lost, death of holders etc) and there would reach an equilibrium.

But the rate is not expected to be kept: sometime in 2017 Ethereum will be switched from Proof of Work to a new consensus algorithm under development, called Casper that is expected to be more efficient and require less mining subsidy. The exact method of issuance and which function it will serve is an area of active research, but what can be guaranteed now is that the current maximum is considered a ceiling and

the new issuance under casper will not exceed it (and is expected to be much less) and whatever method is ultimately picked to issue, it will be a decentralized smart contract that will not give preferential treatment to any particular group of people and whose purpose is to benefit the overall health and security of the network.

Who needs ether?

Developers who intend to build apps that will use the ethereum blockchain. Users who want to access and interact with smart contracts on the ethereum blockchain.

https://www.ethereum.org/ether





Why do we need another CRYPTO-CURRENCY?



There are current dozens of them. Check that!


There were more than 900 cryptocurrencies available over the internet as of 25 June 2017 and growing. New cryptocurrency can be created any time. But only a few ones such as Bitcoin, Ethereum etc.are highly notable currently.


https://en.wikipedia.org/wiki/List_of_cryptocurrencies







Sorry if you bought into one of these pyramid schemes.
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Old 29th June 2017, 05:23   #2
iomegajaz
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I bought one unit of ETH at ~$65 in May. It hit $500 early in June and it's back around $430 at the moment.

I've also bought very small $ amounts of dogecoin, digibyte, btc, minexcoin and another one or two that I've forgotten the names of.

Total investment is about $750; current value is about $1,000.

*shrug*

"My heart hates uggos." –J.D.
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Old 6th July 2017, 06:09   #3
megomego125
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good bro
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Old 10th December 2017, 07:20   #4
Loui$
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But how much I know bitcoin best crypto currency. I'm wrong? Bitcoin is common in many countries, see - https://bitcoinbestbuy.com/countries/. This can not be said of Ethereum.
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Old 14th December 2017, 10:51   #5
NJK
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What you can't touch is not real and the bubble can burst anytime today or tomorrow or perhaps never.

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Old 14th December 2017, 15:30   #6
gaekwad2
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They always burst.

(But even if you can touch something, it's market value can still be highly speculative. *cough* gold *cough*)
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Old 14th December 2017, 18:03   #7
NJK
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Quote:
Originally Posted by gaekwad2 View Post
They always burst.

(But even if you can touch something, it's market value can still be highly speculative. *cough* gold *cough*)

Even with that in mind, i wil always prefer a bit of gold in my hand over some virtual things on the net

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Old 22nd December 2017, 16:35   #8
iomegajaz
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Quote:
Originally Posted by iomegajaz View Post
I bought one unit of ETH at ~$65 in May. It hit $500 early in June and it's back around $430 at the moment.

I've also bought very small $ amounts of dogecoin, digibyte, btc, minexcoin and another one or two that I've forgotten the names of.

Total investment is about $750; current value is about $1,000.

*shrug*
I've since sold some of the minor coins that went nowhere over the few months that I held them, and bought some others.

Yesterday, my portfolio was worth ~4,000 AUD. Today, it's worth ~3,000. Swings and roundabouts.

"My heart hates uggos." –J.D.
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Old 2nd January 2018, 10:22   #9
iomegajaz
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I really wish that I had more money to play with in this space.

Here's a rundown of what I currently hold, and what it's done since I bought.

ETH
Bought in approx. January 2017
Change: +1,704%

BTC
Bought in approx. July 2017 and November 2017
Net change: +250%

IOTA
Bought in November 2017
Change: +387%

XRP
Bought in November 2017
Change: +770%

ADA
Bought in December 2017
Change: +443%

"My heart hates uggos." –J.D.
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Old 13th February 2018, 10:22   #10
WillardRober
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It's very risky but sometimes could be a good win. There are dozen of newcoming crypto currencies everyday but most of them are trash. But despite that I've managed to gain a sufficient profit from a chinese ico. It was about 1000% from $50 to $500. So I advice to check ico reviews sometimes who knows maybe you would be lucky enough to find the next big thing.
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Old 18th April 2018, 02:32   #11
porterFrancis
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gamble

Please don't gamble with bitcoin, its like slot machines you will lose your money and fast. Just buy some bitcoin or another altcoin.
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Old 18th May 2018, 22:46   #12
Joseph_Hampton
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And such exist in general?) In my opinion, it is very strange to deal with this, especially considering the specifics of handling all cryptocurrencies. I agree, you just need to buy, but you need to know where to do it and when. I usually use the exchanger https://hiribi.com/, because for this it is not necessary to apply special efforts and it has simple interaction with my PayPal
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Old 19th May 2018, 10:01   #13
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Crypto currency is a great investment if you know what the market will do...

But as I don't, I stay away.

Instead I put my money into high quality dividend growth stocks when they are undervalued.

That way I get a growing stream of income from some of the greatest companies on this planet instead - and I don't have to rely on the market going up to do well.
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Old 3rd July 2018, 03:39   #14
webthing
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Over 800 cryptocurrencies are now dead as bitcoin is 70 percent off its record high


Over 800 cryptocurrencies are now dead and worth less than one cent.
New digital tokens are created through initial coin offerings but some of these projects have been scams and many have not materialized into real products.
Bitcoin has fallen roughly 70 percent since its record high near $20,000 last year, adding to bearish sentiment around cryptocurrencies.

https://www.cnbc.com/2018/07/02/over...-pressure.html
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