Value of Ethereum. Programmer explains.

[@cobalusc2064]

Hey Ivan, thanks for the technical aspect of the raising value in ETH (: Even if you don't want to talk about the speculative parts there are simple facts like the one million Ether softcap that will be collected in the coming Bancor ICO... so every new ICO will lock away parts of Ether and will shorten it's supply and thus because of the bursty nature of an ICO drive up the price (short-term).

[@anttihenri1762]

As Einstein said: "If you can't explain it simply, you don't understand it well enough." You make the average joe understand these complex subjects. Keep up the great work.

[@Boxmining]

Nice!!! great topic!

[@nutsbutdum]

I really love your videos! Could you recommend the must-have books on blockchain(or Ethereum) for programmers?

[@OscarAlsing]

Nice explanation Ivan! I look forward to putting all my life savings in Ethereum!

[@IvanOnTech]

thanks my maan, haha be careful with your funds bro ❤️

[@Linkinpurk]

Ther and ether based tkens i hope. Golem Rulz ! :D

[@Duxaization]

Oscar Alsing You should only invest an amount that you could loose and still be able to start up again

[@absurdh3ro]

never put all your eggs in one basket.

[@Leighwirren]

I sold my car for ethereum and have not regret it. i already make amazing profit

[@sharksallie]

Great channel Ivan. Really like the content and the way you help people understand this great tec.

[@TOMMYClouse-t5q]

Yes, we already missed the deadline for those coins, but fortunately there are still some options, including Web3 Infinity.

[@cryptogroupie5372]

great to see your progress two years later - that makes me hope, that I am able to develop too

[@Jay-jq6bl]

Hi Ivan, do you know a way to view transaction histories? I'd love to see details on things like the size of trades, how long it takes to complete them, etc. Thanks.

[@LeSushii]

Been watching your videos for over a week now and I'm loving it. Keep up the good work --

[@OliverBatesforJesus]

Well done! This really explains clearly the value of Ethereum.

[@davidselovin6053]

So will the high Eth price make the execution of smart contracts for dapp devs too expensive?

[@JohnDoe-mv1sm]

If the prices continues to increase will it be more expensive for developers??

[@IvanOnTech]

no, the gas price is adjusted depending on the market value of ether, check this out :) kzbin.info/www/bejne/mYuTo4yNf9-Ypdk

[@ignaciocardenas3847]

Nice vid, any thought about QRL? and the future about quantum computers.

[@samerbabi8568]

I have some questions about proof of stake in ethereum (from an investment standpoint), if anyone is knowledgeable and willing to help me understand. 1. What percentage of your stake are you paid? 2. How often are you paid your "dividends"? 3. How long would it take you to "un-stake" your ether after you put it up for stake?

[@SamJongenelen]

Samer Babi ask reddit /r/ethtrader

[@samerbabi8568]

Sam Jongenelen Don't have enough karma 😅

[@SamJongenelen]

Samer Babi​ haha same here! I just lurk

[@nckp2p]

Please release these videos in podcast format too, would be clutch for commuters to be able to listen to!

[@sfarookey]

Just One little question, Do you think that Ethereum will continue to bail-out should there be another DAO like incident? Thanks.

[@VirtualKenji]

Awesome video - But.... Does this then logically mean that the $ Value of ETH will always be higher than the $ Value of any coin or token built on the Ethereum Blockchain?

[@kathrynj.hernandez8425]

Yep. That's me. Storing value. Moving fiat to an asset with a future. Got in before October 2017 Byzantium fork which went smoothly. Trust Vitalik's stellar team: their reputations, enthusiasm, obsession, perfectionism. 48 companies are now on the Ethereum Alliance including Russia's biggest bank. So, I'm ETH long. As Ron Popeil so famously (USA) said: "Set it and forget it!"

[@SafeSleet0]

Hello Ivan, I really enjoy your videos, very clear explanation, but I have a question, is it possible in a near future not only execute applications, but also play videogames using something like decentralized power which ofcourse you buy it with digital currency?

[@TheSirkarl101]

Thank you for keeping people informed. Win or lose money is nothing! Wasting time is the only true tragedy in life.

[@Brian0wns]

I have some confusion with some people saying there is an unlimited Ethereum supply - but then I hear that there is a limit to Ethereum - but it is set by an algorithm based on how much it is actually used. Do you have any insight into how many Ethereum coins will be created?

[@kurt6410]

Hi Ivan. Could you do a video explaining how many new Ethereum coins are created each year ( inflation rate ) . And what will the inflation rate be when Ethereum goes from pow to pos? I've asked this question on many blogs and nobody can give me a straight answer. I've heard anything from 18 million new coins per year to there is no cap on Ethereum coins and others have said that once Ethereum goes to pos there won't be any new coins mined? Thanks

[@muralimohan71]

What about the supply, for every block mined, there should be a new supply created right, how can we say demand will far exceed this supply?

[@TheSirkarl101]

Please provide link to the new forum for your channel. I am indeed new to crypto but like graphene and carbon nano tubes, if something sparks my interest I go all in..Keep up the excellent work. You are inspiring and helping many.. Thanks,

[@todaysnarrative879]

I have a feeling this all may backfire on ether if the price goes to high. Why wouldn't someone copycat the protocol and have a cheaper price for fuel. is there a limit to the platforms?

[@JULESDemarco-i8s]

Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such Web3 Infinity.

[@timholden8007]

Where did u get the 🦁? It's beautiful!

[@robieilievski3216]

what do you think about litecoin?

[@xBrOwNeDoG]

bought one a couple of days ago... $50 is a tiny investment for something i think will take off just like ETH and BTC

[@daithiobroin]

afaik the gas cost is dynamic and will adjust with the price of ether, so maybe this will offset the rising cost of running on the etherem platform

[@jensjuel4516]

what do you think of the Polybius Bank project? Great explanations and great show

[@user-pi3fh9cp5m]

Pointless imo just bank your eth in an .eth domain

[@hugelama1]

Damn son sitting on $400k worth of ETH... go you.

[@iamrichlol]

he is?

[@Bzini00]

Do you think Bitcoins scalability issues would be avoided if it ran on Ethereum?

[@SPERRFEUER84]

is there anything that ethereum can do that is not possible with a smartcontract-sidechain like rootstock for bitcoin?

[@yasaswy]

Ivan, whats your view on the UASF.. What are the possibilities that can happen. I could see the community moving from bitcoin into the other alt coins and they raise in price.. Forget price technically some say that it already started and the soft fork will lead to many forks as there is division within community to support it or not instead of the actual protocol update hard fork that divides the chain.. Any new light on that will be helpful..

[@user-pi3fh9cp5m]

this

[@thelion9588]

Question: Can I buy 1 Ethereum now with 300$ and cash out for example next year the same 1 Ethereum when it will be 3000$, without mining anything?

[@MyNamesChai]

Yes, completely.

[@Aclediaz1]

Believe it or not, that was what i did last moth. (Bought about 42 BTC at ~$8 (mid 2012) with money from selling my old PC and sold it at ~$2500 last moth) I have a tesla now. lol.

[@TheSirkarl101]

Life is grand or in your case many many grand, Just money however, Time is most valuable commodity!

[@ZweiBein]

@Seven 7th WELL done son

[@Aclediaz1]

You're right. I waste about 10 minutes of my life when i bought those coins.

[@thijslohuis3235]

Another great video! Tnx Ivan!

[@DIEGORitchie-h4c]

Being a part of the Web3 Infinity Token community motivates me. Let's change the planet!

[@tahashawar]

So is the price worth it for developers?

[@nodusk]

hey ivan, love your videos! I was hoping you could talk about how a typical project would be rolled out and deployed on the blockchain. I'm a developer of 25+ years experience, and one thing I can tell you, is that your shit WILL ship with bugs. With smart contracts being immutable (is this true?) how will bug fixes get done and rolled out? Multiple smart contracts sitting at static addresses with API end points? So an entirely new smart contract is uploaded when something changes? And, conversely, if new API endpoints are added or modified? thanks!

[@gmalherbe23]

If the value of Ether goes up as the interest grows that must mean that the total number of Ether is fixed or growing slowly. Where and how is new Ether generated(only by miners?) and is there a cap on how much new Ether can be made?

[@mjkeating]

New Ether are created as mining rewards. This will end (or be greatly diminished) when ETH moves from 'Proof of Work' (PoW) to 'Proof of Stake' (PoS).

[@gmalherbe23]

Thanks Michael. Does that mean that the value will rise indefinitely because the demand will still grow or will there be a new way of generating Ether after the transition to PoS? New Ether needs to come from somewhere to execute contracts right?

[@mjkeating]

Sure Gideon. Gas goes to the miners, so it's not like Ether is being 'burned up'. But, yes, the price of ether will increase as demand goes up faster than the supply. I'm not sure what the block reward will be under PoS (code named 'Casper'), but it should be far less than it is now under PoW.

[@pumpkinpot672]

Can someone explain how ether works as a fuel for ethereum based projects?

[@kapgallery]

good timing on the video. thanks again .

[@angelortu-yo7383]

you got me in the last part. haha! subscribed!

[@SpoonierMilk]

What do you think about infinite supply of Ether and how it will affect the price?

[@SafeSleet0]

I think the ammount of ethereum will be in proportion to demand, but the main problem is once you put an ethereum in circulation you can't delete it, so very probably in a near future some updates or maybe some modifications will be made on ethereum supply

[@emrod38]

Hi there, here's a post from the creator himself on the issuance of ether units and future supply www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/?st=j3t60fi2&sh=997a5ad3

[@milestincknell8889]

From what I understand Ethereum can be burnt in an absolute sense. So you can reduce the supply. PoS also will stifle the supply by locking up Ether.

[@turbanless]

Can stratis overtake ethereum?

[@theword2011]

Perfect explanation!! Thanks Ivan!

[@iammidori]

thank you for educate us, greetings from Chile

[@MultiANTI]

decentraliced application on a non immutable platform?

[@amalchaitanya5229]

Will it crash ?

[@igorbalanovski182]

Thanks a lot Ivan, it was very well explained!!!

[@liveandlearn76]

Hi Ivan, why don't you add a Z-Cash adress below so we can tip you in this crypto as well. Cheers, Chris

[@kotasudhakar]

Can u make a video on best altcoin pickup, with minimal risk with price point where to buy

[@collusioncola]

kota sudhakar it's all speculation man. do your research.

[@kirillpushkin]

Спасибо, дружище!

[@MultiANTI]

thought of another title ?

[@hugobonnome8283]

Very nice channel, 7.3k subscribers you deserve more ! i still have trouble to understand where the worth comes from. In my opinion, i think the value should be determined by the utility of cryptocurrency in the future and that leads to the question about centralized vs decentralized. But centralized applications are cheaper, faster, optimized, they can provide good privacy and have much more incentive for entrepreneurs in the sense that many business models are created around the data gathered by the application. I can't really see why there is so much enthusiasm to bypass the third party if the third party is technologically optimized and the cost of the service is driven by the market.

[@dalsanto4]

when you pay ether to run instructions, where does this ether go?

[@ScuffCs1337]

asking the important question. Did you find an answer?

[@dalsanto4]

nope :/

[@ScuffCs1337]

Gas(equal to ether) is paid for out of the sender's ether balance, at the rate specified by the chosen gas cost. Any unused gas is refunded, and consumed gas is credited to the miner who mined the transaction, again at the rate specified by the gas cost. Here you go :)

[@georgemavimbela]

Thank u so much..this is so good

[@romkri]

Спасибо Ваня :)

[@IvanOnTech]

❤️

[@ginalolli3477]

I watch this channel for the tech talk ... and the cool t-shirts

[@LaraeArroyo]

The price movement of Web3 Infinity Token has been positive. It's ramping up speed!

[@Kirchenjesus]

Thank you so much for your great Video!

[@ZweiBein]

Thanks a lot for explaining :)

[@navinsood7302]

Good explanation! makes sense, Thanx

[@naturecollision]

oh boy, even vitalik said it is no store of value, and the future use cases based on a technological perspective are not based on a technological perspective, but speculation, pure speculation, of course it helps that there is one ICO after the other one to lock up ETH and make the bubble increase even more, until one day...ah I let you guys find out :)

[@CaferTugba]

Web3 Infinity Token is the first token that governs itself and not owners or other people, making it the smartest token in the world.

[@pleb_tech]

"store of value", not really... There will be 21m BTC. How many ETH? Nobody knows.

[@bafian]

so golem cant compete with amazon and google thou

[@Danny-nc6ol]

great explanation. tyvm

[@MrUseur]

Ivan for ECB president !!! Replacement of Mr. Draghi. And money counter fitting will stop immediately.

[@RaviK-mb9gd]

Why not have a block chain with USD as gas .... Why do we need made up currency ? .... This is software platform not an asset class ..... Bizarre

[@firstnamelastname-oy7es]

Imagine a world where every time you wanted to run a program, you had to pay for every instruction that you ran! Ether is nonsensical.

[@rambulik]

hard to understand Bitcoin, even harder to understand Etherium, but you need a rocked since degree to understand Veritaseum Token :D

[@IvanOnTech]

+DreamMusic Hahah exactly!

[@SuzyCottrell]

Web3 Infinity Token is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly hit $10 in no time.

[@hunterlife5661]

Are you rich now

[@retailcryptoinvestor5823]

do u like ARK?

[@Ralvarez1999]

Would like to speak with you . I sent you an email.

[@LouettaBuxton]

There are much better and safer alternative currencies, including Web3 Infinity, thus I'm no longer interested in those ones.

[@ZweiBein]

When ETH switch to POS i'll be mining Expanse!

[@zee9000_]

i have no idea about this but should i just invest 50EU on ETH? i have no idea how to do this

[@middleeast3716]

it's a mystery Ivan.Not to mention skullduggery.pays your money and take your chance.its a gamble but do you believe the story? Google Tulip Mania.good luck.

[@omerharoon5940]

u should accept moon coin or MUU coin lolol ima a millionaire in those coins

[@amiramnoamdoron]

love you ivan, not in a gay way ;)

[@MultiANTI]

eth is up bcuz of icos and dumb money.

[@Linkinpurk]

Thank you for your work i send u some BTC because i love my ETH to much :P

[@Martins2012]

I Give you 1 Ł for that shirt! ship it to me.

[@gigsrouiy8080]

crypto currency frees humanity from the banks!!! i feel like a looser for.not vuying at 20 cents bitcoin, i laughed at it, noe crying but remember to redeem a portion of your profits in silver and gold bars, medalions, coins etc 999 purity investment grade in your hands real tangible wealth preservation...

[@patrast4464]

Thanks, what you think about S t r a t i s ? similar to ethereum with bitcoin fundametals

[@joakimjohansson7729]

Svensk! :D

[@lukakovacic]

First

[@googie]

short answer: ponzi scheme, long answer:hype

[@Linkinpurk]

Troll?

[@squeegeedee]

+Sam Cohoon. LOL!!!!!! I'm really enjoying the outright panic of the crypto-skeptics in these forums as the value of cryptos skyrockets.

[@squeegeedee]

+Telecom Service. No, just another "MOSIP" (Missed Out So I'm Pissed)

[@gigsrouiy8080]

crypto i wish was and is hype, never got into it, i watched bit coin at 20 cents and laughed at at, it 3000 now!!!! do you understand that if i spent 100 bucks i would be a multi millionare today, im a looser, thats how i feel about that...f me!!!!!!

[@jamesderoc6717]

not a ponsi but also etherium is still 90% promise, it may not be able to solve its problems, this makes it a risky investment and all the ico being launched on its platform . .exponentially more risky

[@PAULAtkins-j9i]

Yes, we have already missed the deadline for those coins, but luckily, we still have some possibilities, such Web3 Infinity.

[@KERMITGerlach]

Web3 Infinity Token is the first token that governs itself and not owners or other people, making it the smartest token in the world.

[@ShalandaClanton]

Web3 Infinity Token is the safest altcoin ever since its automatic algorithms stop paper hands, bot transactions, and bear markets. It will certainly hit $10 in no time.