Ethereum Quotes

The best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.

Ethereum, or some other Cryptocurrency is going to be the global standard of payment. It’ll be of greater value than national fiat.

Everything to do with cryptocurrencies and blockchains is the domain of fast-talking conmen. If anyone tries to sell you on either, kick them in the nuts and run.

There are enough resources in the world for everyone to experience some variable degree of wealth. And from a spiritual perspective, there are no limitations, only abundance.

Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions

Cryptocurrency and Blockchain technology offer a lot of potential with investing.

The inventors of JavaScript never intended for someone to build Gmail, or Facebook or Bitcoin wallets on top of it. We don’t know what people will build on top of Ethereum, but the idea is that they will be decentralized and unstoppable applications.

Computer programmers are highly susceptible to the just world fallacy (that their economic good fortune is the product of virtue rather than circumstance) and the fallacy of transferable expertise (that being competent in one field means they’re competent in others).

Being valuable is the start. But a good business also has to communicate its value to its customers and those customers have to also voluntarily be in agreement with that value. If the customers perceive the value, and determine that the value they obtain from your businesses products or services is greater than the value of the dollars, Renminbi or ETH they have in their wallet… then they will pay for what your business is selling. If not, they won’t.

The Central Bank of The Bahamas and the Bahamian people are leading the world in the normalization of digital currency and Blockchain technology as ways to build speed, liquidity, access, efficiency and security into payments.

Investing at large scales is where the greatest impact happens. When we’re investing with billions of dollars or trillions of dollars, it’s easier to effect whole systems and implement society-scale results more rapidly and with more efficiency. When you have big objectives, you need big money. We have big objectives at Mayflower-Plymouth and we have a lot of good things to do in the world that’s going to help a lot of people, so we need to be working with big numbers.

It's not about Bitcoin or Ethereum or NFT's... These things have merely shown us what's possible. But the real value is in Cryptography, Blockchain Technology, Cryptocurrency and Smart Contracts - these are the things with the real business implications.

The Bahamas is becoming a leading nation when it comes to Blockchain Technology and Cryptocurrency.

the term “smart contract” has become more mainstream since the advent of first Bitcoin and then Ethereum, it was first coined by Nick Szabo in 1996, and thus precedes the development of blockchain networks.

Darknet markets remain the most popular Bitcoin use case after speculation and ransomware. In 2014, darknet markets were estimated to have processed more bitcoins than all legitimate payment processors put together.

A record shop must not be harder to use than BitTorrent. The legal options, iTunes, Netflix and Spotify, made it big by being more convenient than piracy,

Smart contracts on Ethereum are worse than even non-financial commercial code; as of May 2016, Ethereum contracts averaged 100 obvious bugs (so obvious a machine could spot them) per 1000 lines of code.348 (For comparison, Microsoft code averages 15 obvious bugs per 1000 lines, NASA spacecraft code around 0 per 500,000 lines.)

DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.

Ethereum is the second-biggest cryptocurrency in the world after Bitcoin. It’s also very different from Bitcoin in its structure and purpose. Ethereum wasn’t developed as a currency alone. Its innovation lies in opening the blockchain up to development for different applications outside currencies and finance. Developers can build software on top of Ethereum’s blockchain, and use the network’s distributed ledger to build trust for all kinds of applications. Since the Ethereum blockchain is decentralized, once a developer has built an application, it can’t be censored or taken down by any authority. That application lives as long as the Ethereum blockchain continues.

Bitcoin’s cryptography is solid, but it’s a bit like putting a six inch thick steel vault door in a cardboard frame.

Hyperledger.org is a corporate open source Potemkin village of the sort IBM has long favoured: the illusion of an open project, with no “there” there.

Bitcoin itself, as an ideology fundamentally at odds with reality based on a technology that reached its limits in 2015, will keep lurching from crisis to crisis.

There is a constant interaction and overlap between the physical, virtual, augmented, and mixed worlds.

The metaverse is not something to believe in. It’s not a religion; it’s simply a tool. I don’t “believe” in my refrigerator. I use it when I want a cold soda.

What Zuckerberg has in mind for Horizon is a dystopian advertising nightmare.

The Decentralization of Finance is really good for humanity and it’s ultimately a win for each and every one of us. Because now that we can circumvent banks, exchanges and brokerage companies by using smart contracts on the blockchain… every person, every family, and every business will experience more liberty, more freedom, more opportunities, more abundance, more power, and more wealth. This makes way for more opportunities around financial wellness, permaculture investing, more effective crowdfunding, better ownership and equity arrangements, and more.

The darknet markets are fuelled by users who want to buy drugs without having to go to the bad part of town and talk to people from a minority, and dealers obtaining commercial quantities to sell locally

Sadly for Bitcoin, most Austrian economists aren’t fans – even as Bitcoiners remain huge fans of Austrian economics.27 You will find Austrian jargon in common use in the cryptocurrency world. Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions. Zero Hedge covers Bitcoin extensively, and Bitcoiners are fans in turn.

The A/B test showed that the text “Donate with Bitcoin” dropped revenue per visitor by 7.5%; adding the text would have lost them $140,000 over the campaign, for the sake of a few thousand dollars in Bitcoin.

David Golumbia’s The Politics of Bitcoin: Software as Right-Wing Extremism is a short but very useful academic survey that traces just where the Bitcoin cluster of crank political and economic ideas sprang from.

One commenter posted: “They just prefer the imaginary debt based ‘money’ their slavemasters issue via the central banks of the world.” (Max Temkin of Cards Against Humanity responded: “Yes I use it to buy groceries.

I’d never encountered American-style ideological libertarianism and anarcho-capitalism before the Internet. When I first heard about it, I honestly thought it was a wacky Swiftian political satire that nobody could actually believe.

As Ethereum’s promise became apparent, people jockeyed for position. Charles, who had lobbied to be CEO, had casually asked Gavin, over a game of chess, to be his chief technology officer (CTO). Gavin, who, on Wednesday, sent the first ether transaction from his laptop to Charles’s, asked Vitalik if that was cool. Vitalik, being less interested in a title or in ordering people around than in conducting research (or learning Chinese), said sure and gave himself the title C3PO.

Even as a former Banker I can see that the Blockchain and Ethereum are challenging the role of traditional banks. I think at some point, traditional banks will become irrelevant and ultimately non existent. Instead, the global standard of how people manage finances will be centered around the blockchain and apps built on Ethereum. Because of this, people and businesses will experience much more financial freedom. And that’s a good thing. So let these big banks collapse - something far better is going to replace them.

Hashing is more secure than encryption, at least in the sense that there exists no private key that can “reverse” a hash back into its original, readable form. Thus, if a machine doesn’t need to know the contents of a dataset, it should be given the hash of the dataset instead.

The very principles of economics suggest that scarcity, validity, and demand can transform anything, even a stone, into a Store-of-Value (SoV). Such an event will happen only once in an era and we are extremely fortunate to be witnessing the birth of a new type of SoV, the Crypto.

The foundational idea behind institutions is creating trust between strangers in society. We have laws and systems in place to make it possible for millions of people who don’t know each other to live in proximity to one another. However, the creators of blockchain felt these institutions were failing.

On a smart contract platform, the possibilities rapidly expand beyond what developers desiring to integrate various applications can easily handle. This leads to the adoption of standard interfaces for different types of functionality. On Ethereum, these standards are called Ethereum Request for Comments (ERC). The best known of these define different types of tokens that have similar behavior. ERC-20 is the standard for fungible tokens and defines an interface for tokens whose units are identical in utility and functionality.2 It includes behavior such as transferring units and approving operators for using a certain portion of a user's balance.

If you have programmers, they probably save their code in Git, which is the closest I can think of to a useful blockchain-like technology: it saves individual code edits as transactions in Merkle trees with tamper-evident hashes, and developers routinely copy entire Git repositories around, identifying them by hash. It’s a distributed ledger, but for computer programs rather than money.

What Ethereum Is Good For Ethereum is suited to building economic systems in pure software. In other words, it’s software for business logic, wherein people (users) can move money (data representing value) around with the speed and scale that we normally get with data.12 Not the three- to seven-day floating period you get with the commercial banking system. Or the fees associated with vendors such as Visa, MasterCard, and PayPal. With a simple Ethereum application, for example, it is fairly trivial to pay hundreds of thousands of people, in hundreds of countries, small amounts every few minutes, whereas in the legacy banking system you would need an entire payroll department working overtime to constantly rebalance your account ledgers and deal with the cross-border issues.

Take the New York–based Lemonade, arguably the best funded of today’s crowdsurance startups. Via an app, Lemonade brings together small groups of policyholders who pay premiums into a central “claim pool.” Artificial intelligence does the rest. The entire experience is mobile, simple, and fast. Ninety seconds to get insured, three minutes to get a claim paid, and zero paperwork. Adding more technology to this arrangement, companies like the Swiss firm Etherisc sell “bespoke insurance products” on the Ethereum blockchain. Because smart contracts remove the need for employees, paperwork, and all the rest, all sorts of new insurance products are being created. Etherisc’s first offering is something not covered by traditional insurers: flight delays and cancellations. Individuals sign up via credit card, and if their plane is more than forty-five minutes late, they’re paid instantly, automatically, and without the need for any paperwork.

Según se explica en la página web, Ethereum es una plataforma que ejecuta aplicaciones descentralizadas, principalmente contratos inteligentes, «exactamente como están programados y sin posibilidad de pausa, censura, fraude ni interferencia de terceros». Ethereum se parece a bitcoin en que su ether motiva a una red de iguales para que validen las transacciones, protejan la red y creen consenso sobre lo que existe y lo que ha ocurrido. Pero se diferencia de bitcoin en que incluye algunas poderosas herramientas para ayudar a los desarrolladores y demás a crear servicios de software que van desde juegos descentralizados hasta mercados de acciones. Ethereum lo concibió en 2013 Vitalik Buterin, un canadiense de origen ruso que entonces tenía diecinueve años. Les había dicho a los desarrolladores de bitcoin que la plataforma necesitaba un lenguaje de programación más complejo que permitiera desarrollar aplicaciones. Al ver que rechazaban su propuesta, decidió crear su propia plataforma. ConsenSys fue la más rápida y se fundó para crear aplicaciones basadas en Ethereum. Dos años después la analogía es clara: Linus Torvalds es a Linus lo que Vitalik Buterin es a Ethereum.

Banks were once an extremely valuable part of the economy and did a lot of good in advancing civilization. Banks played a pivotal role in financing big projects like roads, bridges, factories, stadiums, etc. Banks were to the economy what the heart is to the human body. But that has ended. Traditional banks have become extra toxic entities in the economy. It’s partially the fault of excessive government regulations that have made everything dysfunctional and it’s partially the fault of greedy bankers putting profits above customers and shareholders above society... But nonetheless, banks today offer very little benefit to their clients. They pay barely anything in interest. They offer barely anything in growth. They move money too slowly. They’re too restrictive. They’re selling the same boring products and services they did a hundred years ago. And they have too much power over peoples accounts. Soon, the many new companies and applications that emerge on the Ethereum infrastructure will eliminate the need for traditional banks and eliminate their value proposition by providing people with superior value. Everything from growth to asset management to lending can be done even better on the Ethereum infrastructure by anyone.

Who could I turn to? Around that time, a colleague in another office told me about some weird digital currency called Bitcoin, which Argentines were using to get around this problem. I decided to write about it. The people I talked with for my article had been living with some form of inflation and/or currency controls all their lives and so had their parents. They understood right away how significant it was to be able to buy a currency that’s not controlled by anyone and, therefore, can’t be stopped or seized. Its issuance rate was dictated by algorithms and computer code, not by the whims of politicians and central bankers.

Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of Intermediaries – Blockchain-based systems allow for the removal of intermediaries involved in the record keeping and transfer of assets. ● Decentralization – Blockchain-based systems can run on a decentralized network of computers, reducing the risk of hacking, server downtime and loss of data. ● Trust – Blockchain-based systems increase trust between parties involved in a transaction through improved transparency and decentralized networks along with removal of third-party intermediaries in countries where trust in the intermediaries doesn’t exist. ● Security – Data entered on the blockchain is immutable, preventing against fraud through manipulating transactions and the history of data. Transactions entered on the blockchain provide a clear trail to the very start of the blockchain allowing any transaction to be easily investigated and audited. ● Wide range of uses - Almost anything of value can be recorded on the blockchain and there are many companies and industries already developing blockchain-based systems. These examples are covered later in the book. ● Easily accessible technology – Along with the wide range of uses, blockchain technology makes it easy to create applications without significant investment in infrastructure with recent innovations like the Ethereum platform. Decentralized apps, smart contracts and the Ethereum platform are covered later in the book. ● Reduced costs – Blockchain-based ledgers allow for removal of intermediaries and layers of confirmation involved in transactions. Transactions that may take multiple individual ledgers, could be settled on one shared ledger, reducing the costs of validating, confirming and auditing each transaction across multiple organizations. ● Increased transaction speed – The removal of intermediaries and settlement on distributed ledgers, allows for dramatically increased transaction speeds compared to a wide range of existing systems.

The reason Bitcoin developers haven’t added extra functionality and flexibility directly into its software is that they have prioritized security over complexity. The more complex transactions become, the more vectors there are to exploit and attack these transactions, which can affect the network as a whole. With a focus on being a decentralized global currency, Bitcoin developers have decided bitcoin transactions don’t need all the bells and whistles. Instead, other developers can either find ways to build atop Bitcoin’s limited functionality, turning to Bitcoin’s blockchain as a system of record and means of security (e.g., Counterparty), or build an entirely different blockchain system (e.g., Ethereum).

While the strength of Bitcoin’s mining network is legendary, most other cryptoassets are less daunting. If so inclined, mining within networks such as Ethereum, Zcash, and others is still open to enthusiastic and dedicated hobbyists, and none of these networks is dominated by ASICs (yet).

2017 has been the year of ICOs. According to Bloomberg , ICOs have raised over $1.6 billion in 2017 alone. The explosion of ICOs is a result of the ease with which Ethereum permits the creation of new coins. With little more than an idea and a white paper, you can set up an Ethereum-based ICO and raise millions of dollars, circumventing the old-school fundraising channels of venture capital or seed funding from institutional investors.

Ethereum has become the go-to place to create new ICOs for a few reasons. First, the blockchain already exists and you don’t have to code a new blockchain from scratch. Second, Ethereum has a huge mining community and the second largest market cap of any cryptocurrency, making for a strong foundation for a new project. Finally, Ethereum has a clear set of guidelines for creating new tokens called the ERC-20 protocol.

Paying to use Ethereum’s world computer—also known as the Ethereum Virtual Machine (EVM)—is reminiscent of when schools and libraries had shared computers that students could use.

Ethereum’s ether provides a study on how exchanges adding a cryptoasset can increase the diversity of the trading pairs used to buy the asset. If our hypothesis on the importance of fiat currencies in cryptoasset trading holds, then as an asset grows in maturity and legitimacy, it should have more diversity in its trading pairs, with particularly strong growth in fiat currencies being used to buy the asset.

a 55% increase in transaction volume in 2017. On the average day, the Bitcoin network processes 310,000 transactions . However, the network isn’t meeting demand. On any given day, there are tens of thousands of transactions that get put on hold waiting for the network to catch up to confirm them. These transactions are on hold because Bitcoin has a limit on its block size. Only so many transactions can fit in one block, so any that don’t fit have to wait. This waiting for confirmation is Bitcoin’s scalability problem, and it’s one that must be solved before the coin will be feasible as an everyday currency.

Ethereum initially planned to issue 18 million ether each year in perpetuity. The thinking was that as the underlying base of ether grew, these 18 million units would become an increasingly small percentage of the monetary base. As a result, the rate of supply inflation would ultimately converge on 0 percent. The Ethereum team is currently rethinking that issuance strategy due to an intended change in its consensus mechanism. Choosing to change the issuance schedule of a cryptoasset from the plan at time of launch is more the exception than the norm, though since the asset class is still young we are not surprised by such experimentation.

Counterparty is a cryptocommodity that runs atop Bitcoin, and was launched in January 2014 with a similar intent as Ethereum. It has a fixed supply of 2.6 million units of its native asset, XCP, which were all created upon launch. As described on Counterparty’s website, “Counterparty enables anyone to write specific digital agreements, or programs known as Smart Contracts, and execute them on the Bitcoin blockchain.”7 Since Bitcoin allows for small amounts of data to be transmitted in transactions and stored on Bitcoin’s blockchain, it becomes the system of record for Counterparty’s more flexible functionality. Since Counterparty relies upon Bitcoin, it does not have its own mining ecosystem.

What is more interesting about Ethereum, however, is that the Ethereum protocol moves far beyond just currency. Protocols around decentralized file storage, decentralized computation and decentralized prediction markets, among dozens of other such concepts, have the potential to substantially increase the efficiency of the computational industry, and provide a massive boost to other peer-to-peer protocols by adding for the first time an economic layer.

By having no affiliation with “coin” in its name, Ethereum was moving beyond the idea of currency into the realm of cryptocommodities. While Bitcoin is mostly used to send monetary value between people, Ethereum could be used to send information between programs. It would do so by building a decentralized world computer with a Turing complete programming language.11 Developers could write programs, or applications, that would run on top of this decentralized world computer. Just as Apple builds the hardware and operating system that allows developers to build applications on top, Ethereum was promising to do the same in a distributed and global system. Ether, the native unit, would come into play as follows: 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).

The first time I learned about Bitcoin was in 2013. I was living in Buenos Aires, reporting on the Argentine market for Bloomberg News. But I was more than reporting about it; I was also living it. As I wrote about double-digit inflation, the pesos I earned for those stories quickly depreciated. I started exchanging my salary to dollars as soon as I got it, until one day the president woke up and said, Nope! You can’t do that anymore.

He could geek out about cryptography and decentralization with them and make nerdy math jokes and they would get the punch line.

I felt like Alice following the White Rabbit into a world of impossible dreams: banking without banks, breeding digital cats, self-organizing companies with no CEOs, and talk of flying to the moon.

government is bad because it’s a monopoly more than for any other reason. You can think of the world as a free market anarchy where all the land is legitimately owned by 193 landowners that allow you to live on the land under certain conditions.

Peer-to-peer networks interconnect equally privileged nodes with each other, allowing users to share and transfer data without the need of a centralized administrative entity. Systems using this architecture are resilient against censorship, attacks, and manipulation. Just like the mythological Hydra, there’s no one head that you can cut off to kill it, and it gets stronger after each attack.

One of the most significant sectors for decentralized applications has been lending and borrowing crypto assets. Several high-quality applications have been introduced that allow users to borrow and lend directly from the Ethereum blockchain with no intermediaries. One of these innovations is from Jubilee Group’s JENCO. JENCO Tech has introduced JENCO Loan, a decentralized lending service available to anyone, anywhere, and connects to all major lending platforms.

because Ethereum is supported by GPUs and not ASICs, the machines can more easily be constructed piecemeal by a hobbyist on a budget.

So the puzzle behind proof of work is to get the block’s hash to start with a zero [0...]. Eventually, if I keep adding nonsense characters onto the end of the block, I’ll eventually get a hash that starts with a zero. Once I do, I’ve solved the problem. The little bit of nonsense characters I had to place at the end? That’s the nonce.

One of the most important, but often overlooked, indicators of a cryptoasset’s ongoing health is the support of the underlying security system. For proof-of-work based systems, such as Bitcoin, Ethereum,1 Litecoin, Monero, and many more, security is a function of the number of miners and their combined compute (or hashing) power.

Proof of Work In order to slow down attackers and guarantee blockchain security, there needs to be more honest verifiers on the network than dishonest attackers. In other words, since the blockchain is based on consensus, we need a system where people are rewarded for being honest and punished for creating false transactions. We also need to slow down block creation so that the whole network has a chance to verify transactions and certify new blocks before the next block is created.

Hashing is at the core of blockchain security.

and governments to be.A traditional bank protects

the majority of companies in the financial services space have opted for blockchain implementations void of cryptoassets. It is increasingly common for these implementations to be referred to as distributed ledger technology (DLT), which differentiates them from the blockchains of Bitcoin, Ethereum, and beyond.

Now comes a difficult-to-grasp concept: there is no such thing as a Bitcoin. Of course, there are no physical Bitcoins. You probably already knew that. However, there are also no Bitcoins on a hard drive somewhere. You can’t point to a physical object, digital file, or piece of code and say, “this is a Bitcoin.” Instead, the entire Bitcoin network is only a series of transaction records. Every transaction in the history of Bitcoin lives in the Bitcoin blockchain’s distributed ledger. If you want to prove that you have 20 Bitcoins, the only way you can do it is by pointing to the transactions where you received those 20 Bitcoins.

In some ways, cryptocommodities are more tangible in value than cryptocurrencies. For example, the largest cryptocommodity, Ethereum, is a decentralized world computer upon which globally accessible and uncensored applications can be built.

In addition to the 60 million ether sold to the public, roughly 6 million was created to compensate early contributors to Ethereum, and another 6 million for long-term reserves of the Ethereum Foundation. The extra allocation of 12 million ether for the early contributors and Ethereum Foundation has proved problematic for Ethereum over time, as some feel it represented double dipping.

With the money they raised, the Ethereum team was also able to test the network before launch in a way that Satoshi and his small group of supporters were not able to. Starting at the end of 2014 and for the first half of 2015, the Ethereum Foundation encouraged battle testing of its network, both in a grassroots bug bounty program and in formal security audits that involved professional third-party software security firms.

Ethereum’s network with its underlying blockchain went live on July 30, 2015. While much development energy had gone into creating the Ethereum software, this was the first time that miners could get involved because there was finally a blockchain for them to support. Prior to this launch, Ethereum was quite literally suspended in the ether. Now, Ethereum’s decentralization platform was open for business, serving as the hardware and software base for decentralized applications (dApps). These dApps can be thought of as complex smart contracts, and could be created by developers independent of the core Ethereum team, providing leverage to the reach of the technology.

To explain how a dApp works, we’ll use an example from the company Etherisc, which created a dApp for flight insurance to a well-known Ethereum conference. This flight insurance was purchased by 31 of the attendees.23 Figure 5.1 shows a simplified diagram. Using Ethereum, developers can mimic insurance pools with strings of conditional transactions. Open sourcing this process and running it on top of Ethereum’s world computer allows everyday investors to put their capital in an insurance pool to earn returns from the purchasers of insurance premiums that are looking for coverage from certain events. Everyone trusts the system because it runs in the open and is automated by code.

Since the launch of Ethereum, a near endless stream of dApps have been released to run on it, many of which have their own native unit. We refer to many of these dApp native units as cryptotokens, while others refer to them as appcoins. A dApp with its own native cryptotoken will use ether as a cryptocommodity to pay the Ethereum network to process certain dApp transactions. While many dApps use a cryptotoken, the native units of some dApps should be classified as a cryptocommodity layered on top of Ethereum,

Standing for decentralized autonomous organization, The DAO was a complex dApp that programmed a decentralized venture capital fund to run on Ethereum. Holders of The DAO would be able to vote on what projects they wanted to support, and if developers raised enough funding from The DAO holders, they would receive the funds necessary to build their projects. Over time, investors in these projects would be rewarded through dividends or appreciation of the service provided.

Buterin and those involved with The DAO and Ethereum immediately began to address the hack. The situation was problematic, however, because Ethereum was a decentralized world computer that provided the platform for dApps to run on. However, it did not promise to audit and endorse each application.

Miners of Ethereum would be processing transactions that could transfer not just ether but also information among programs. Just as Bitcoin miners were compensated for supporting the network by earning bitcoin, so too would Ethereum miners by earning ether, and the process would be supported by a similar proof-of-work consensus mechanism.

While the Thiel Fellowship was an indication of what was to come for Buterin, $100,000 wasn’t enough to sustain his team. To that end, from July 23, 2014, to September 2, 2014, they staged a 42-day presale of ether, the cryptocommodity underlying the Ethereum network.16 Ether was sold at a range of 1,337 to 2,000 ether per bitcoin, with 2,000 ether per bitcoin on offer for the first two weeks of the presale and then declining linearly toward 1,337 ether per bitcoin in the latter half of the sale, creating momentum by incentivizing people to buy in at the beginning. Overseeing the legal and financial nuances around this sale was the newly created Ethereum Foundation headquartered in Zug, Switzerland.

One of the more interesting recent consortiums was the Enterprise Ethereum Alliance. It went public in late February 2017, and its founding members include Accenture, BNY Mellon, CME Group, JPMorgan, Microsoft, Thomson Reuters, and UBS. 25 What is most interesting about this alliance is that it aims to marry private industry and Ethereum’s public blockchain. While the consortium will work on software outside of Ethereum’s public blockchain, the intent is for all software to remain interoperable in case companies want to utilize Ethereum’s open network in the future.

Ethereum’s blockchain is a list of transactions involving the cryptocurrency Ether, a multitude of other tokens (including those representing CryptoKitties) and other related data, all of which is recorded on Ethereum.

Starting at the end of 2014 and for the first half of 2015, the Ethereum Foundation encouraged battle testing of its network,

Según Jeremy Liew, el primer inversor de Snapchat, es razonable que el bitcoin se dispare a 500 mil dólares para el año 2030. Para que el bitcoin valga 500 mil dólares en el año 2017, explica Liew, se necesita que la cantidad de usuarios de la red bitcoin se multiplique por 61 hasta llegar al año 2030. La red de usuarios del Bitcoin creció de 120.000 usuarios en 2013 a 6,5 ​​millones de usuarios en 2017 ( alrededor de 54 veces), y esto podría ser sólo el comienzo. Crecimiento de esa magnitud produciría 400 millones de usuarios en 2030 y, si creciera de esta manera, podría alcanzar para que valiese entonces 500 mil dólares. En

Basta con que la cantidad de usuarios de bitcoin en todo el mundo llegue a ser un cuarto de la población de China para que esta moneda digital alcance a valer 500 mil dólares. La oferta de Bitcoin para 2030 será de unos 20 millones. El precio 2030 del Bitcoin y la cuenta de usuarios totalizan 500.000 dólares y 400 millones, respectivamente. El precio se encuentra en un techo de mercado de 10 billones de dólares y se divide por el suministro fijo de 20 millones de Bitcoin. Por lo tanto, con la mayor participación que se espera de fondos de inversión, se pretende que el usuario promedio tenga invertidos 25 mil dólares en bitcoin (los fondos de inversión harían subir el promedio) y ello llevaría el precio a usd 500 mil. Claro

21 millones: la cantidad de unidades nunca podrá exceder los 21 millones de bitcoines. A diferencia de las monedas fiat (emitidas por los estados nacionales) que tienen desborda su emisión, bitcoin tiene límites a su emisión. Sin censura: nadie puede prohibir o censurar transacciones válidas. Código abierto: el código fuente de Bitcoin siempre debe ser accesible para todos. Sin permiso: nadie puede impedir la participación en la red. Seudoanónimo: no se requiere identificación para participar en la red Bitcoin. Permutable: cada unidad es intercambiable. Pagos irreversibles: las transacciones confirmadas no pueden ser modificadas ni eliminadas. La historia es imborrable. -IIId-

Los fondos NO ESTAN en la aplicación, los fondos están en la red de bitcoin registrados de manera distribuida en miles de nodos, no se puede apagar esta red de la misma manera que no se puede "apagar" internet. En tu aplicación (billetera) solo están las "llaves" para utilizar dichos fondos. ADVERTENCIA:

Mineria de bitcoins se le llama a una serie de operaciones complejas de computación que permiten crear nuevos bitcoins. Para decirlo de modo sencillo (porque este no es un libro de tecnología) la minería consiste en una serie de cálculos matemáticos realizados por potentes computadoras orientados a descifrar un código, cuando se descifra el código la red bitcoin paga con bitcoins a quien hizo la operación. En los primeros años de bitcoin, cualquiera podía hacerlo con una computadora de su casa y obtenía una suficiente cantidad de bitcoins como para que sea rentable. Actualmente,

En cada HALVING la emisión –lo que obtienen los mineros con cada éxito de sus operaciones de minería- la emisión se reduce a la mitad. Al reducirse a la mitad la emisión, esto genera un efecto deflacionario muy fuerte que tiende a presionar al bitcoin hacia la suba. El primer halving fue en el año 2012. Entonces el BITCOIN oscilaba alrededor de los 12 dólares o 9 dólares, algunos meses 6 dólares. En el año 2013, un año después de aquello, el BITCOIN llegó a valer más de 1100 dólares (mil cien dólares). Luego, tras la caída de una de las principales páginas de operaciones de bitcoin (MG GOX), llegó a caer hasta el valor de 200 dólares. El segundo halving fue en el año 2016, en Junio. La emisión se redujo otra vez a la mitad. Empezó el año 2016 valiendo alrededor de 400 dólares el bitcoin, pero, con la cercanía del halving, llegó a subir a 700 en Junio de 2016. Ya en Junio de 2017, el valor está en 2200 dólares. Esto demuestra que, otra vez, el halving presionó el valor a la suba. -IIIe-

In essence, the fundamental benefits of investing into Ethereum is the cryptographic nature, it’s anonymity, it’s universality, it’s divisibility, and most specifically, it’s coding language which specifically targets it for automated transactions and contracts. The

The purpose of Augur is simple but powerful. It will allow any Ether holder to wager money on any future event of their choosing. If the event doesn’t yet exist, anyone can make an event for people to place their bets on. Software built on “wisdom of the crowds” will set the probabilities, collect the Ether bets, and finally, reward the winnings. Because of the ease in which this can be set up, the price for actually running the show is exceptionally smaller than that compared in the average bookie. Only one percent is going to go to the Ether bookie, which is ten times lower than the average today if you go to Vegas. However,

Augur may be destined to become the web’s answer to gambling prohibition—it will do to the betting man what the silk road did to the drug user—but you'd never know it from talking to the developers of the system.

Around $300,000 of the total $600,000 that was raised by Augur's funding team comes from a man named Joe Costello. Costello is a successful tech entrepreneur, known to be one of Steve Jobs' top picks for the new CEO position of Apple itself. Following the smart money isn’t always a dumb idea. Gambling or casino are terms never used by Joey Krug, a young Pomona college dropout, but also Augur's lead developer. He and the small team of just five employees use the term “prediction market.” Due

With that said, if you were to be a long-term investor in Ethereum, you have to focus on the long-term timeline, with short-term volatility being a necessary even to find traction within the market, and for value to solidify. Thus, if you believe that the demand for Ethereum will be higher in one, two, five, or ten years (your duration in which you plan to hold), then you need not worry about the fluctuations that occur in the interim. Let’s

Dentro de este sub-mundo de las criptomonedas, pululan los Ponzi, que desprestigian gravemente al bitcoin y a todas las monedas digitales. Hay incluso monedas digitales que son Ponzi (estafas piramidales) como ONECOIN. En el caso de ONECOIN, te exigen tu dinero en BITCOIN (por lo tanto, pretenden que les creas que su moneda revolucionará el mundo, pero quieren que les des tus bitcoins, ni ellos creen en su moneda). Otra de las estafas piramidales que se hizo conocida fue “Bitcoin Cash” en Bolivia. La promesa de Bitcoin Cash era “triplicar su dinero en menos de dos meses”. La empresa ofrecía multiplicar en poco tiempo el dinero de las personas mediante supuestas inversiones en Bitcoin, minería en el exterior o compra y venta de divisa. Luego de que depositaron el dinero, la página desapareció y nunca se recuperó. Otro de estos Ponzi que se aprovecha del prestigio de Bitcoin es Airbit Club. Como pasa con estos sistemas, una vez que “inviertes” el dinero allí, nunca más lo vas a recuperar, salvo que consigas convencer a nuevos referidos de “invertir” allí también. Entonces la única forma de recuperar el dinero –o incluso ganar- es hacer que otros “caigan” en la trampa. Airbit Club vende una suerte de “membresía” del club que supuestamente gana con la minería de bitcoins, con el trading de bitcoin y reparte ganancias entre los “socios”, pero, en realidad, el verdadero negocio es piramidal donde la única forma de recuperar el dinero es haciendo entrar a otros a la pirámide. Así como Air Bit Club, ONECOIN, BITCOIN CASH, Gladiacoin, Weifastpay, NewAgeBank y muchas otras, porque usan el prestigio de bitcoin para atraer ambiciosos y quitarles todo su dinero. Hay muchos otros de estos esquemas que prometen ganancias fabulosas pero en los que nunca se recupera el dinero (salvo que se consiga nueva gente para que caigan en la trampa). La

Una vez que tenemos nuestra CarteraPapel, con nuestro smartphone y una aplicación bitcoin escaneamos el código QR. Si es el correspondiente a la clave pública, podremos añadir fondos y ver su saldo. Si es el correspondiente a la clave privada, podremos retirar los fondos.                   Con las carteras de papel hay que tener especial cuidado, pues el día de mañana puede tener un extraordinario valor la cantidad de BTC que contiene.              Una vez que se ha importado la clave privada a una cartera (scaneando la billetera de papel), se pasa la TOTALIDAD del saldo a una nueva dirección tomando, así, posesión de los bitcoines. La dirección “fría” pasa, entonces, a ser “caliente” y ya no es seguro utilizarla para ahorros futuros. Se tiene que enviar los ahorros que no se quieran gastar a una nueva dirección.                Para minimizar el riesgo en el momento de la carga de la clave privada, es recomendable repartir los ahorros en bitcoines en varias direcciones. Por ejemplo, si se tiene 100 BTC ahorrados, en lugar de guardarlos todos en la misma dirección, es mejor crear 5 direcciones frías y hacer cinco pagos de 20 BTC a cada dirección.            -IIIg- COMO HACER UNA BILLETERA DE PAPEL CON LA IMPRESORA. Siempre desconectado de Internet: esto garantiza que la herramienta de generación de claves privadas Bitcoin es realmente autocontenida y no requiere ningún tipo de transmisión de datos por la red. Las claves privadas de las direcciones Papel: _ Nunca se deben guardar en el disco duro del ordenador. _ Nunca se debe escanear direcciones Papel en el equipo, excepto en el momento de su uso. Para hacer una Billetera de Papel, puede ir a la página  BLOCKCHAIN.INFO

-IIIf- LAS BILLETERAS DE PAPEL. La Paper Wallet o Billetera de Papel tiene la ventaja de que las claves están en un papel y siempre afuera de internet. De este modo, se evita  que un hacker pueda robar los bitcoins.           La billetera de papel tiene la clave impresa en papel y, cuando se quieren usar esos bitcoins, solo se tiene que scannear esa clave. Pero sin scannearla quedan completamente afuera de internet, para mayor seguridad del propietario de los bitcoins.            Las carteras Papel pueden tener cualquier diseño que queramos. Recientemente se han popularizado diseños que se asemejan a billetes. Solo el poseedor podrá gastar los fondos guardados en él. También permite la posibilidad de dar o regalar ese dinero a otra persona simplemente entregándosela en mano.                      Una

Investing In Gold Not everyone would associate Ethereum with investing in gold, but that is exactly one of its uses. Using a process developed by Digix, users can use tokens to buy gold on the Ethereum blockchain. How does this work? Using the Digix app, you can exchange either Ether or fiat currency (real-life money) with gold tokens. This gold is linked to the Singaporean gold vault through a complex crypto-code. Whenever the user wants, they can switch their gold tokens for actual pieces of gold without needing to go through an intermediary or paying any large fees. This also opens up the possibility of creating similar processes for all sorts of commodities.

The Internet of Things First of all, what is the Internet of Things? The Internet of Things is the link between the internet and everyday objects that allows them to send and receive digital information and data. Its potential is huge and some say it could become a multi-trillion-dollar market. One start-up called Slock.it is attempting to tap into this potential by developing an app on the Ethereum blockchain that links physical assets, such as apartments, bikes, or vans, to a smart contract that allows users to rent the item out. The application is called Ethereum Computer and could potentially eliminate fees to rent the assets of others. It is a kind of blockchain version of Airbnb and creates a much cheaper option for both affiliates and users.

Stablecoins The ground is currently being laid to set the way for a new type of currency –the stablecoin. What is the stablecoin? The stablecoin is an asset that typically features price stability. Cryptocurrency is notoriously unstable, with volatile prices that are often difficult to predict. The advantage of them is that they give the user total control over their holdings. On the other hand, the US dollar is a great example of a fiat stablecoin, as it offers low volatility and so provides a reliable unit of money to invest in both the short term and the long term. However, the US dollar doesn’t give the user any form of control, as it is monitored by the Federal Reserve Bank and is dependent on the banking network in the US for commercial use. To get a combination of the two –full user control and reduced volatility –is an exciting prospect. Maker is a company that is currently working on a project to make this happen by creating a currency known as the Dai, which is set to become a stablecoin that combines user control with price stability. Social Networks