Reality check on ethereum

crypto_coiner 2016-02-29 22:32:41 UTC #1

https://ounce.me/blog/some-thoughts-on-ethereum/

crypto_coiner 2016-03-01 01:29:05 UTC #2

State of the Ethereum Art - all the Dapps listed:
http://dapps.ethercasts.com/

ANYTHING USEFUL?

Halcyonic 2016-03-01 01:39:32 UTC #3

Augur, Ethereum powered decentralized prediction market Beta is up. Still some hurdles to overcome, but has huge potential.

Their devs have indicated an interest in using Nubits for its stability.

crypto_coiner 2016-03-01 01:51:09 UTC #4

Looks like yet another good way to play with your ETHs

Financisto 2016-03-01 02:50:05 UTC #5

I see no other way to attract bettors when there’s some long term wager (e.g. US presidential elections)…

Being exposed to Bitcoin’s (or any other altcoin’s) volatility while stuck in a wage for days or weeks is insane…

dysconnect 2016-03-01 15:50:17 UTC #6

It can hold a number of niche applications, and then be the largest one to accommodate all of them. One can say it’s a solution begging for a problem but there’s still potential. The market cap 500 million though is probably counting chickens before they hatch.

crypto_coiner 2016-03-02 08:46:07 UTC #7

Financisto 2016-03-02 14:41:57 UTC #8

Talking about ETH, I’ve been thinking lately:

Is it just me or anyone else think this insane bullish movement on Ethereum resembles Bitcoin in 2013?

I guess it’s even drying some liquidity from other altcoins.

AND

Shouldn’t people participating in this frenzy be “guaranteeing” some profits in Nubits instead of Bitcoin? Wouldn’t that be more reasonable?

Maybe people try to “guarantee” their profits exchanging ETH --> BTC, claiming that bitcoin’s network is more resilent and secure than Nubits.

But is choosing network security and resilience (bitcoin) over stability (nubits) a more rational option?

edit: I just forgot to mention that even Ethereum developers couldn’t manage to avoid BTC’s volatility and “lost” some millions (in USD value) after presale ended. They should have bought/accepted NBT too!

Disclaimer: I don’t participate in that ETH frenzy by now, it would be too much for my psyche…

crypto_coiner 2016-03-02 22:14:57 UTC #9

good idea - can we work with nbt/eth pairs instead of systematically nbt/btc ones?

And yes, that resembles 2013 pump. Where is the next big gox?

Nagalim 2016-03-02 23:06:47 UTC #10

Imo ppc/nbt is next once we have a ppc flot reserve.

tomjoad 2016-03-02 23:58:16 UTC #11

I spoke with the Augur team some number of months ago. They indicated they would add NuBits once Bitcoin sidechains are completed, which may or may not occur. However, there’s no question NBT are the perfect cryptocurrency for Augur, and Augur has massive potential.

Augur Prediction Market Enters Beta

State of NuBits - what are the next steps?

crypto_coiner 2016-03-03 00:30:08 UTC #12

crypto_coiner 2016-03-03 02:27:42 UTC #13

Dhume 2016-03-03 02:56:00 UTC #14

Wow! this would be amazing. Augur is well positioned to become one of the first very successful Ethereum Dapps. They raised over 5.3 million USD in their IPO. If they would start using Nubits for even a small portion of their business we would see a huge increase in Nubits demand.

Is there anything we can do to make this happen?

tomjoad 2016-03-03 03:43:13 UTC #15

@JordanLee and the developers would have a better understanding of the technical requirements, but I believe we need to wait for Bitcoin’s development team to complete their implementation of sidechains. This is barring a scenario where we pioneered them ourselves.

crypto_coiner 2016-03-03 03:44:34 UTC #16

Wouldn’t they prefer their SDR-pegged DAI?

Dhume 2016-03-03 04:02:35 UTC #17

I’m not sure I follow why would we be depended on the implementation of sidechains?

Dhume 2016-03-03 04:05:11 UTC #18

DAI isnt tried and proven like Nubits

Also I feel the DAI model from what i’ve seen about it will be very different from what we are.

crypto_coiner 2016-03-03 08:33:32 UTC #19

ETHEREUM SAFE OR NOT TO USE?https://www.reddit.com/r/ethereum/comments/48oorr/is_it_safe_to_use_the_kraken_eth_export_tool_for/

crypto_coiner 2016-03-03 08:36:46 UTC #20