Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: ibrahim11 on August 17, 2014, 06:46:16 PM



Title: Have I missed something?
Post by: ibrahim11 on August 17, 2014, 06:46:16 PM
Hi, I heard about ethereum and WHY do they want bitcoins? Also, why are people buying ether? What good comes out of it? thanks


Title: Re: Have I missed something?
Post by: Mellnik on August 17, 2014, 06:50:37 PM
Yeah everyones talking about it but I have no fucking clue what IPO, Ethereum or Bitfiniex is.
All I know; Ethereum is scam.


Title: Re: Have I missed something?
Post by: ibrahim11 on August 17, 2014, 06:55:13 PM
BUMP - How is ethereum a scam?


Title: Re: Have I missed something?
Post by: railzand on August 17, 2014, 07:12:03 PM
purposefully, maliciously, cruelly, obviously. that's how

BUMP - How is ethereum a scam?


Title: Re: Have I missed something?
Post by: mr angry on August 17, 2014, 08:09:14 PM
Yeah everyones talking about it but I have no fucking clue what IPO, Ethereum or Bitfiniex is.
All I know; Ethereum is scam.

An IPO here is when a dev sells coins to people before releasing a wallet. Nxt was the first that I know of, and it made the first people to buy very rich, though everyone thought it was a scam at the time. Since then loads of devs have tried the same thing, and after the IPO the coins often sell for less than the IPO investors paid for them.

Ethereum does not yet even have a completed wallet as far as I know, but they are saying it will be the best wallet ever, and selling millions of dollars worth of coins for it before it's even finished. Clearly loads of people believe the ethereum dev's promises, but loads of other people think it's a scam, or that it cannot live up to the hype.


Title: Re: Have I missed something?
Post by: Mellnik on August 17, 2014, 09:24:49 PM
Yeah everyones talking about it but I have no fucking clue what IPO, Ethereum or Bitfiniex is.
All I know; Ethereum is scam.

An IPO here is when a dev sells coins to people before releasing a wallet. Nxt was the first that I know of, and it made the first people to buy very rich, though everyone thought it was a scam at the time. Since then loads of devs have tried the same thing, and after the IPO the coins often sell for less than the IPO investors paid for them.

Ethereum does not yet even have a completed wallet as far as I know, but they are saying it will be the best wallet ever, and selling millions of dollars worth of coins for it before it's even finished. Clearly loads of people believe the ethereum dev's promises, but loads of other people think it's a scam, or that it cannot live up to the hype.

Ahh Ethereum now sounds even more like a scam than before  :D


Title: Re: Have I missed something?
Post by: Nullu on August 17, 2014, 09:26:24 PM
Ethereum is a marketing gimmick, in my opinion, given that Ether isn't even a currency, instead a "fuel". So essentially a digital IOU.


Title: Re: Have I missed something?
Post by: Spoetnik on August 17, 2014, 09:30:38 PM
Have I missed something? ..yeah a topic title !
i hate it when you guys do that all over the web..

answer = read & form your own opinion.

/the end