Ethereum forum

Discussieer en deel informatie over blockchain, bitcoin wallet, koers van de Bitcoin, Ethereum, etc.

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Re: Ethereum forum

Bericht door neku » 23 sep 2018 11:38

7 Facts You Probably Didn’t Know About Vitalik Buterin

Vitalik Buterin, the brain behind the Ethereum project, is one of the most significant figures in today’s crypto ecosystem. His involvement in the Blockchain industry started in 2011. Since then, he has managed to assert himself as a force to be reckoned with in the cryptocurrency industry. In the following article, we will list seven things you probably didn’t know about this blockchain genius.

1) He wrote the Ethereum whitepaper at the age of 19.

Vitalik was just 19 years old when he came up with the idea for a better version of Bitcoin. The most important modification was the fact that the new Ethereum blockchain could execute advanced scripts that are called smart contracts. The smart contracts can be executed using the Ethereum Virtual Machine (EVM), a runtime environment that can run Turing complete scripts on the top of the blockchain. This was a huge step which allowed the development of decentralized apps on the top of the Ethereum Blockchain.

2) He learned about Bitcoin from his father, at the age of 17

His father, Dmitry Buterin, a serial entrepreneur was the one who introduced Bitcoin to Vitalik when he was 17. Although Vitalik didn’t bother exploring it until later.

3) He was a child prodigy

When his parents moved from Russian to Canada Vitalik was enrolled in an elementary school in Canada. When he got to third grade, the school authorities decided to place him in a class for gifted children. From the time spent in the talented children class, Vitalik became drawn to economics, programming, and mathematics. It was also discovered that Vitalik could add up three-digit numbers in his head at twice the speed of his classmates.

4) He is worth about $400-500 Million

Vitalik is estimated to be worth about $400-500 Million. This number is based on his stake in Ethereum (the number of ETH assigned to him during the initial stages of the project launch). He is also reported to have a sizeable amount of BTC in his possession.

5) Vitalik Buterin is also a brilliant writer

He is a prominent blockchain contributor. He started out writing for various Bitcoin-related forums until he was able to book a consistent writing gig with a blog. The blog owner agreed to pay him in Bitcoins amounting to 5BTC for every approved blog post he made. He later went on to co-found the Bitcoin Magazine, which is now a high-profile cryptocurrency magazine. Vitalik was also appointed as the head writer of the magazine while he was still there.

6) He dropped out of university

In 2014, to enable him to receive the Thiel Fellowship grant which was worth $100,000, Vitalik dropped out of the University of Waterloo. At that time, the Ethereum project had already been announced, and an ETH crowd sale was underway.

7) There was a rumor of his death

On June 25, 2017, news, originating from 4Chan, reported that Vitalik was involved in a car accident which claimed his life. The outbreak of this news led to a drop in the value of the ETH market cap to about $4billion.

To sum up, we must agree that Vitalik is not only unique and colorful character within the blockchain industry, but he has done a lot in his 24 years so far.

https://cryptopotato.com/7-facts-you-pr ... k-buterin/
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Re: Ethereum forum

Bericht door neku » 23 sep 2018 13:16

What is Ethereum Casper: An Easy Explanation

In this article, we want to answer the question “What is Ethereum Casper”. A lot of people use ICO smart contracts and tokens. They operate on top of the Ethereum blockchain. As a result, the Ethereum network is processing over half a million transactions per day. Bitcoin only manages to process around 50.000 transactions per day. So Ethereum can handle more than 10 times the amount of transactions of the Bitcoin network. But as Ethereum got bigger, some huge problems evolved.

The Problems of the Ethereum Blockchain

So Ethereum relies on proof of work for consensus. As a result, you have a lot of people with a lot of computing power. These nodes pointing out that computing power at the network. So this makes it costly for bad actors in the network. But the proof of work concept is really wasteful. It burns a lot of electricity because miners constantly battle for the reward. As a result, one miner gets the reward and the other miners wasted their computing power and electricity.

What is Ethereum Casper?

So Casper is simply the name of Ethereums approach to solve the proof of work and proof of stake problem. At the moment Ethereum relies on the proof of work concept for consensus. But in the past, they made it really clear that at some point in the future they have to migrate to proof of stake protocol. So there are two types of Casper implementation. The first one is Friendly Finality Gadget (FFG) the other one is Correct Buy Constructions (CBC).


What is Friendly Finality Gadget (FFG)?

FFG is a proof of work proof/proof of stake hybrid solution. So it is not a purely proof of stake concept and this is kind of in the first stage of Casper. The reason for this is to lead people away from proof of work mining. Its shortcut stands for Friendly Finality Gadget. While there is still proof of work going on, for every 50 blocks there is a proof of stake voting. This basically writes a checkpoint to the history.

So FFG still has a regular proof of work, but every 50 blocks there is a proof of stake voting mechanism. When they write this checkpoint they are basically voting on something which is final. Something that is a historical representation of history that can’t be changed. This kind of hybrid concept will be there for a while but not forever. So the goal is to move people away from proof of work mining as reliance on consensus.

What are Correct Buy Constructions (CBC)?

So CBC is a completely new way how the consensus protocol operates. It does require two-thirds of the validators to agree to come to a consensus. This is necessary to avoid the “dubbed a 33 percent attack”. As a result, Casper introduced the transaction deposit. So people that are staking have to put down a lot of money. And if they act badly they lose that deposit. As a result, it is really costly to be a bad actor. Because of the security deposit being required in order to work as a proof of stake validator on an FFG system the deposit might be huge early on. In addition to laying down that money, proof of stake validators always have to be connected to the network as well.

The deposit is that high because that makes it really expensive to try and attack the network. But it is gonna be interesting to see how many people actually use proof of stake and want and become a validator.

“What is Ethereum Casper” – Summarized:

-Casper solves the scalability problem that Proof of Work brings with it
-There are two types of Casper implementation
-The First one is Friendly Finality Gadget (FFG)
-The second one is Correct Buy Constructions (CBC)
-The goal of both is to move people away from proof of work mining

If you want to be informed about the latest updates, follow us on Facebook, Pinterest and Steemit.

Do you like our article “What is Ethereum Casper?” and you want to know more about Ethereum 2.0? Here you can learn everything about Ethereum Beacon Chain!

https://nirolution.com/what-is-ethereum ... planation/
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Re: Ethereum forum

Bericht door neku » 29 sep 2018 12:53

Ethereum (ETH): Valuable Lessons From The Past

Chart for ETH/USD (1D)

Ethereum (ETH) and those backing it have some valuable lessons to learn from the past. Of course, the one that tops the list is, “you reap what you sow”. How is this relevant? Well, back when Ethereum (ETH) forked off the original Ethereum chain, for every original Ethereum coin you had, you received two coins, ETH and ETC. Now, most of the miners and developers switched over to the new chain but some stuck to the old chain (ETC) out of respect for principles of immutability and decentralization. Unfortunately, principles did not mean much to those who had already violated one by supporting the fork. So, when Ethereum Classic (ETC) would appreciate in price based on some positive developments, these people who had bags of ETC from the ETH fork would dump their coins on exchanges. There were a lot of talks about the original DAO hacker dumping most of their coins and all that, but since the majority of those coins were confiscated, this was not the real cause. Of course, those who took their time to study addresses and their trading patterns could tell readily that it was members of the new ETH community dumping their ETC every time Ethereum Classic (ETC) made a move.

So, how is this relevant today? Well, EOS (EOS) has just done the same thing to Ethereum (ETH) that it once did to Ethereum Classic (ETC). It is no secret that EOS (EOS) held the largest ICO in the entire history of ICOs and raised a huge sum of $4 billion! Now, the interesting part is that this huge amount was raised in ETH. Certainly, Eos (EOS) did not need to liquidate all $4 billion at once but eventually they had to sell some of their coins for cash to pay for development and expenses. They did that, which initially put some pressure on Ethereum (ETH) and the whole community saw it. This was a shark smelling blood moment for EOS (EOS) which was also supposed to be an EOS (EOS) competitor.

Chart for ETH/BTC (1D)

So, as time went by, EOS (EOS) kept dumping their bags of Ethereum (ETH) but this time the reasons were different. They wanted to put Ethereum (ETH) out of business the same way some people in the Ethereum (ETH) foundation wanted to choke Ethereum Classic (ETC) in its early days. This dumping behavior on part of EOS (EOS) has made Ethereum (ETH) extremely vulnerable these past few months. It has also left a lot of investors worried as to what will eventually happen to Ethereum (ETH) if every ICO project starts doing the same. Certainly, Eos (EOS) could have opted to sell their ETH on OTC markets where it would not have affected the price. However, their motives were clear and they did not mean to hide it either as they meant to sent a clear message to the entire community. Anyone can follow the trail of major EOS (EOS) account holders’ ETH that was dumped on Bitfinex just during the recent correction. Whether or not Eos (EOS) might do the same in future remains to be seen, but Ethereum (ETH) has certainly learnt valuable lessons from the past for now.

https://cryptodaily.co.uk/2018/09/ether ... -the-past/
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Re: Ethereum forum

Bericht door neku » 10 okt 2018 23:34

Vitalik Buterin: The Story of the Genius Behind Ethereum

At the age of just 19, the Canadian-Russian teenager Vitalik Buterin created a crypto-empire. An empire consisting of the cryptocurrency Ethereum, which at the time of writing is the second largest cryptocurrency measured at market value, right in the heels of Bitcoin. A market value, which in December 2017 peaked at a market value of approximately $ 138 billion, resulting from an Ethereum price of over $1400 for one Ether.

We give you the story of Vitalik Buterin; The story of a genius whose IQ is as big as Einstein’s IQ, if not larger. The story of a boy who did not play Lego as little, but preferred to play in – and explore the possibilities with Microsoft Excel. A teenager who, at the age of 19 years back in 2014, moved from the hometown of Toronto to Zug, Switzerland, to develop what we now know as Ethereum. And moreover, the story of an adult man in the early 20’s, who learned to understand and speak sensible mandarin in just 4 months.

You can sense where we are heading. And it will be even wilder. We have gathered the threads of Vitalik Buterin’s life (so far) – and reproduced them to find out why and how he created the world’s second largest cryptocurrency; Ethereum.

Table of Contents

1) Vitalik Buterin's upbringing: from Russia to Canada
2) Vitalik discovers Bitcoin and cryptocurrencies
3) Vitalik on the way: from Canada around the world
4) Ethereum's white paper
5) From numerous mistakes to success
6) Vitalik Buterin and Ethereum - now

1) Vitalik Buterin’s upbringing: from Russia to Canada

Vitalik was born January 31, 1994, in a city called Colomna in Russia, where he grew up until he reached 6 years. In 2000, his parents, Dmitry Buterin and Natalia Ameline chose to move to Canada in search of better job opportunities, where it was easier for Vitalik’s father to find a job related to his education as a computer engineer.

“Vitalik loved playing with Excel as a whole, where he made some basic calculations.” Dmitry Buterin, father of Vitalik Buterin

It did not take long before Vitalik’s teacher caught sight of his highly intelligent knowledge. Among other things. They saw that Vitalik could multiply three-digit numbers over twice as fast as his peer classmates.

As a result, he was asked in class 3 to change class to a class of extra intelligent children. Here Vitalik’s flair flourished in particular for mathematics and programming, resulting in a natural interest in economics. It would later prove to be of great importance to his future.

But Vitalik’s intelligence had a backside. He was struggling to find his place in social contexts, which resulted in him becoming more or less socially awkward. It did not make any difference that many talked over his mind as they experienced him as this mathematical genius, which they had difficulty interacting with.

Vitalik drew more and more away from social contexts in his early teens when this time was especially marked by the fact that he sat in front of the computer. to explore the internet. But like many other peers, Vitalik also used tons of time playing World of Warcraft.
It was also all the while he played World of Warcraft that Vitalik first saw how centralized programs could act negatively. This was because his characters in the game changed characteristics during a World of Warcraft update. It did not fall well with Vitalik. It impacted him so badly that he never played World of Warcraft again.

He started at Aberald School – a private high school in Toronto, whose place had a major impact on Vitalik. Vitalik himself described his time at Aberald School as the best years of his life, as they changed his view of the way in which he wanted to live his life as well as his attitude.

2) Vitalik discovers Bitcoin and cryptocurrencies

It was originally Vitalik’s father who introduced him to Bitcoin back in 2011. At that time, the father had a software company through which he had heard about Bitcoin. A company that the father sold after just a few years, sold to focus on Blockchain technology, like Vitalik.

Vitalik did not find interest in either Bitcoin or Blockchain technology immediately. However, the decentralized element at both Bitcoin and Blockchain began to attract more and more attention from Vitalik over time. This led Vitalik to research more and more, resulting in a real interest from the then 17-year-old boy.

Vitalik became a larger and larger component of the online community around Bitcoin as well as cryptocurrencies in general. Since Vitalik did not have the money to buy Bitcoins, he made an agreement with a Bitcoin blog that he would get paid 5 Bitcoins for every article he wrote to the media. This was at the time a considerably low pay considering the fact that the value of Bitcoin at that time was just $0.8, although the sum might sound extreme if you compare it to Bitcoins current value.

Later in late 2011, Vitalik Buterin started the Bitcoin Magazine with a novelist, Mihai Alisie. Bitcoin Magazine was (and still is) one of the largest online media outlets dedicated to Bitcoin and cryptocurrencies. In the next few years, Vitalik split his time between the university, part-time job as research assistant and editor of Bitcoin Magazine.

In May 2013, Vitalik flies to San Jose, California, to attend a Bitcoin fair in Bitcoin Magazine. Here, Vitalik experiences for the first time that it is not only online that there is a community that is interested in Bitcoin, Blockchain and Cryptovaluta. But that makes sense also exists. Experiencing this results in an additional interest in Vitalik.

3) Vitalik on the way: from Canada around the world

In 2013, Vitalik chooses to drop out of the university to experience the world – and not least; experience Bitcoin as well as crypto-based companies around the world.

Here, Vitalik is traveling around the world – and experiencing a host of companies that work with cryptocurrencies, which further inspire and motivates Vitalik.

It is also during this long-term trip, that Vitalik gets the idea for Ethereum. During a trip in Israel, he meets two companies trying to do something similar to what Vitalik later tries with Ethereum. They tried to issue tokens and smart contracts – directly on Blockchain belonging to Bitcoin. It would allow financial contracts, etc. directly on the backbone of Bitcoin.

Vitalik begins to wonder if you could not make it smarter than doing it directly on Bitcoins Blockchain. To make a long story short; to create a new cryptocurrency whose only purpose is to promote development platforms for new cryptocurrencies, smart contracts and tokens.

He told his idea to the two Israeli companies – but none of them found it particularly interesting. Vitalik, therefore, decided to take the case on his own.

4) Ethereum’s white paper

By the end of 2013, Vitalik Buterin published a white paper explaining the basic idea behind project Ethereum. He sent it to a couple of his closest friends, after which they forwarded it to some of their acquaintances. All in all, his white paper came into the hands of a handful of people.

Some of the friends and the other acquaintances found the project interesting, and some of them chose to take an active part in the development of Ethereum.

“When I came to the idea with Ethereum, my first thought was:” Okay, it’s too good to be true. “As it later became apparent, the core idea behind Ethereum was good.” Vitalik Buterin

Vitalik Buterin and the other members of the project published official Ethereum and how they intended Ethereum to work in January 2014.

Soon after, Vitalik Buterin and the remaining team chose to move to Zug in Switzerland, which later became known as Crypto Valley. Zug is still home to the Ethereum Foundation, which is the non-profit organization officially responsible for the development of Ethereum and its open source software.

At that time, when Ethereum had just moved to Zug – the team had little money to run for the project. They had attached a paper to the front door, where they wrote that one should be more than welcome to sponsor a cup of coffee. This is what Niklas Nikolajsen (founder of Bitcoin Suisse) who looked at the sidelines and advised Ethereum, previously explained.

From Zug in Switzerland later in 2014, Ethereum raised approximately 31,000 Bitcoins during its ICO (initial coin offering) which at that time was equivalent to 18,3 million USD.

The great amount that Ethereum raised made Ethereum the third biggest ICO raise worldwide at that time.

5) From numerous mistakes to success

Over the next year, Vitalik Buterin – and not least the team struggled to complete Ethereum. It was not immediately a natural process as they encountered numerous challenges with the project.

They attempted to undergo several prototypes that tried to do what they wanted. The last prototype was named; “Olympic” – and was technologically closest to what we today know as being Ethereum. This prototype also resulted in the first public beta test in which Vitalik Buterin released the prototype so that everyone around the world could test the network.

The prototype was still packed with numerous bugs, which resulted in Ethereum launching a reward program where one could get paid Ether if one (or more) bugs found. This corresponds to, for example, Google or Facebook which also is giving away money if you find weaknesses in their systems as hackers. Ethereum’s reward program is still in operation today.

On July 30, 2015 – Ethereum was officially launched, and the cryptocurrency was officially out of its beta. However, it was still a launch that was filled with bugs, which it was still considered a test. Over the next couple of months, Vitalik and the remaining team continued running Ethereum with the help of its community.

In 2016 – March 14, 2016 – Ethereum released an update, which was later considered its official launch. The update gave developers around the world greater freedom and a platform to create decentralized applications, tokens, smarts contracts, etc. on the Ethereum platform than they had before.

6) Vitalik Buterin and Ethereum – now

Ethereum is in the time of writing the worlds 2nd largest cryptocurrency measured at market value.

Ethereum is being used by thousands of applications, both developers and companies around the world – and has gradually created a supreme name in the crypto world. Back in March 2017, an alliance around Ethereum was established, aimed at researching, learning and exchanging knowledge about Ethereum technology in connection with highly complex applications across many industries. The alliance is called Enterprise Ethereum Alliance – and has over 500 members. The members include renowned companies like Microsoft, MasterCard, Intel, and Ernst & Young.

Ethereum is not perfect – yet. Ethereum continues to suffer wit scaling problems that make the cryptocurrency difficult to scale when additional network pressures occur. Developers around the world, as well as Ethereum Foundation, continue to make Ethereum better, more secure and more scalable, why updates are being updated to the network. One can, therefore, expect Ethereum to become better and better for each day.

Vitalik Buterin, on the other hand, moved from Zug to Singapore, where he heads the Asian division of the Ethereum Foundation. He still uses huge amounts of his time at Ethereum. He hopes, however, that in the future he can take a little away from the development of Ethereum in order to focus on other things related to Ethereum.

Although Vitalik has not been alone in making Ethereum, he has been a very big part of the project. In addition, he has always been the front figure outside, like Steve Jobs was for Apple. It is in stark contrast to Bitcoin, where there has never been a true front figure since no-one knows the identity of Satoshi Nakamoto.

Vitalik Buterin is undoubtedly outstanding, both regarding his intelligence, but also his beliefs in cryptographic currencies. Nobody knows how the development will go over the next couple of years, but it would not be surprising if it keeps moving the cryptocurrency industry forward as it has so far.

https://icoshock.com/vitalik-buterin/
The aim of education is the knowledge, not of facts, but of values!

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Re: Ethereum forum

Bericht door neku » 14 okt 2018 23:03

Vitalik Buterin Unveils Amount of ETH he Holds, Nouriel Roubini Accuses him of Ill Actions

Hours later Vitalik issued out a statement that had detailed data on all his trades and holdings.

Vitalik Buterin, the founder of the Ethereum (ETH) blockchain, has disclosed the amount of ETH he's holding. Vitalik reacted to accusations by NYU economist and critic of digital currencies Nouriel Roubini, who tagged Vitalik and ETH cofounder Joseph Lubin as great thieves and illicit scammers.

“I never personally held more than ~0.9% of all ETH,” said Buterin in a tweet. “My net worth never came close to $1b. Also, I'm pretty sure there are no criminal laws against pre-mining.”

Hours later Vitalik issued a statement with detailed data on all his trades and holdings. From the statement, Vitalik holds less than 365,003 ETH, which is worth no more than $73.7 million. During ETH's apex last year, that amount would have been worth over $500 million, but according to Vitalik, he had 'significantly no more than 0.9%' of all Ethereum at the moment.

The Hot Seat

Vitalik did ratify he has other addresses but said they are 'somehow small' compared to the one he shared. He further indicated the ETH Foundation presently holds almost $660,000 and has a maximum owned almost $3 million.

Nicknamed 'Dr. Doom' for forecasting the 2008 financial crisis, Roubini then indicted Vitalik of nauseous actions after the ETH founder tweeted a forecast for a financial crisis 'sometime between today and 2021'. Vitalik's statement appeared to be a blow at financial apocalyptics who endeavour to forecast financial crises.

“Not because I have any special knowledge or even actually think that, but so that I can have a ~25 percent (or whatever) chance of later being publicly acclaimed as ‘a guru who predicted the last financial crisis.”

Nouriel reacted to the tweet, telling Vitalik to 'just shut up' and judging him for not working on his promises of Proof of Stake and a 'resizable, decentralized and secure' system. After Vitalik's reaction, Nouriel continued to battle the digital currency ecosystem at large, using the current fall in prices as an argument.

During the fiasco, Nouriel was highly targeted by diehards and fans of ETH and Buterin, who battled him on Twitter for his alleged 'lack of expertise'. Nouriel was scheduled to debate Coin Center on October 12 at a congressional hearing on digital currency.

https://coinidol.com/vitalik-buterin-un ... l-actions/
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Re: Ethereum forum

Bericht door neku » 21 okt 2018 20:07

Ethereum Devs Reach Consensus to Delay Constantinople Hard Fork Until January 2019

Ethereum (ETH) core developers have reached a consensus to delay a planned hard fork of the protocol until January 2019, in a meeting Friday, Oct. 19.

The fork, dubbed “Constantinople,” was first trialed on Ethereum public testnet Ropsten on Oct. 13, and had been slated to be activated on the main Ethereum blockchain by the end of Oct.-Nov. this year. A testnet is essentially a simulated version of the primary network that allows developers to try out smart contracts or upgrades without having to pay “gas” (computation fees) for their execution.

Towards the end of their hour-long meeting yesterday, the devs finally reached a consensus that the Constantinople will at “the earliest” come in late January 2019.

During the meeting, one dev quipped it might be less controversial, or “political,” to change the term for the transition from “hard fork” to “update.”

Yesterday’s meeting followed after Constantinople’s debut on Ropsten Oct. 13 had run into a series of hurdles; ahead of its activation at block 4,230,000, the fork stalled at block 4,299,999 for two hours, with testnet miners failing to activate the transition. Ethereum client developer Alfri Schoeden explained at the time this was due to “a consensus issue” that had triggered a “three-way fork” between Geth and Parity (two Ethereum clients).

In notes published ahead of yesterday’s meeting, Schoeden outlined that “[r]ecently added hashpower caused reduced blocktimes and caused this hardfork to happen much earlier than expected on a Saturday,” which he suggested is “by all means the worst time for a hardfork.”

He pointed to the fact that the fork happened just six days after the latest Geth client release, and 1 day after Parity’s, leaving users without sufficient time to upgrade. The devs also discovered a consensus bug in Parity, according to a “post-mortem” posted to the “Fellowship of Ethereum Magicians” earlier this week.

Schoeden noted that “not a single” user was mining the Constantinople chain, hence the two-hour delay to start processing block 4,230,000. Moreover, the community does not currently have a testnet fork monitor, he said, aside from http://ropsten-stats.parity.io, which “does not reveal details about the different chains.”

In light of the issues, developer Hudson Jameson picked up on another dev’s “good” proposal during yesterday’s meeting, which would be to “regularly spawn and min[e] temporary testnets to test transition into Constantinople […].” On a “baby” testnet, Jameson considered, “if something goes wrong we’ll know it pretty quickly.”

As previously reported, the Constantinople hard fork is is a system-wide Ethereum update designed to increase the network’s efficiency, and notably includes plans to reduce block rewards for miners, as well as to introduce changes to the network’s consensus mechanism that would make it more resistant to ASIC miners.

https://coinstopnews.com/ethereum-devs- ... nTO4HeiI7I
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Re: Ethereum forum

Bericht door neku » 27 okt 2018 19:25

Gaming on Ethereum: Will These Dapps Bring Blockchain to the Mainstream?

https://www.myidleincome.com/gaming-on- ... 30NL-GKGB4
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Re: Ethereum forum

Bericht door neku » 08 nov 2018 23:20

Former Google Top Exec Sees More Potential for Ethereum

Renowned tycoon and former Google chairman, Eric Schmidt, expressed good words for Ethereum as he described it as a “powerful platform” with a deep well of potentials.

He delivered the encouraging statement for the second largest cryptocurrency during an event organized by Village Global in San Francisco adding that developments in its platform can easily revolutionize business dealings and even societal functions.

“I think the most interesting stuff that’s going on are the beginning of execution on top of blockchain, the most obvious example being the capability of Ethereum… And if Ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention,” Schmidt proclaimed.

Notably, the former Google executive was also among the earliest believer of Bitcoin. Back in 2014, he described the premiere cryptocurrency to be a unique tech advancement as it can create ledgers that cannot be copied even in the digital age where manipulation of records is perceived easier.

Meanwhile, when asked about the current state of blockchain technology, Schmidt said that it is overrated in the public format but its technical use is still underrated.

“Today, blockchain is a great platform for Bitcoin and other currencies and it’s a great platform for private banking transactions where people don’t trust each other,” he further stated.

With a net worth of at least $13.4 billion, the mogul is arguably a rare kind of champion for the crypto industry as his opinions can sway the public’s perception to be more positive of the disruptive technology.

Apart from Schmidt, other Google executives who are known to be supportive of cryptocurrencies include Google co-founder Sergey Brin and chief executive officer, Sundar Pichai.

However, it is quite ironic that the company has been very strict about the proliferation of some crypto-related content in the search engine website.

Last month, the company even released an advertisement that revealed its true sentiments toward Bitcoin and the entire crypto market as the company poked fun on the high cost of electricity involved in mining bitcoin and cryptocurrencies

As of this writing, Ethereum is valued at $214.5670 a piece with a market cap of $22.1 billion.

https://disruptblock.com/cryptocurrency ... -ethereum/#
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Re: Ethereum forum

Bericht door neku » 08 dec 2018 00:24

The aim of education is the knowledge, not of facts, but of values!

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Re: Ethereum forum

Bericht door neku » 10 dec 2018 14:40

The aim of education is the knowledge, not of facts, but of values!

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