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comment by mk
mk  ·  3447 days ago  ·  link  ·    ·  parent  ·  post: It was the best of times, it was the worst of times

Ethereum is a virtual computer run on a p2p network. ETH is the token that secures the ethereum blockchain. The ethereum blockchain contains executables and state of the virtual computer, and ETH must be spent to run programs on it. You could theoretically run any program on ethereum, but ETH costs and network limitations make only simple ones viable.





War  ·  3447 days ago  ·  link  ·  

Ahhhh ok so ethereum is taking this a step further than lets say Bitcoins. This isn't looking to simply decentralize currency, but rather decentralize conceivably any kind of app?

mk  ·  3446 days ago  ·  link  ·  
War  ·  3446 days ago  ·  link  ·  

That is incredible and speaks to how ambitious Ethereum is. I will definitely be keeping my eye on this.

mk  ·  3447 days ago  ·  link  ·  

Yes, I think that's accurate. It's pretty incredible.

War  ·  3447 days ago  ·  link  ·  

It definitely is. I can't code an app, but I am going to try to find a way to be a part of the system.

mk  ·  3447 days ago  ·  link  ·  

In the fact that it is really one of a kind, I don't think a small bet is unreasonable. It's a very long road ahead, however.