Bitcoin Forum

Any insight into how the gui may look, what features will be available and most importantly, in what condition will the network be in would be much appreciated if any one has a good understanding of this.

There will be no GUI during this launch, only a command line interface. The GUI will take time.

There is nothing wrong with a command line interface. It is a smart plan as most won't be able to get their balances to trade while the release will create the hype. This will cause a shortage in supply and boost price and let the developers cash out.

This could be fun........imagine a shitload of Eth investors who've never seen a command line trying to cash out without a GUI.
We may need to buy popcorn.

But, is this really gonna happen ? I can almost hear the screams of 'unfair' already.

That is the plan all along. Investors not able to sell and new hyped buyers pushing the price up.

Ethereum economics never made sense for investors. Smart marketing meant the developers got paid upfront, and they will cash out on the initial hype after launch.

https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

Top 100 addresses control 45.7% of all Ether.  Addresses =/= people.  It is a common security practice to split your funds up amongst different addresses.  So it could be as few as 10 incredibly rich investors or representatives from a fund who didn't want to publicly associate with Ethereum (or banking managers from our beloved Goldman Sachs).  Last time a bunch of guys tried to create a rich mans' ponzi scheme (Pay Coin / Mastercoin) it didn't work out that well.  The thought process here is if I throw big bags of money at a coin that it will attract subsequent bags of money but it doesn't work that way in cryptos.  People who bought into high IPO projects of 2013-2014 made more money off things like NXT, Doge, et al.




 The alternative explanation, like Maidsafe, is that it may had involved laundered bitcoins from Mt Gox (perhaps Mark Karpeles is the biggest holder of Ethereum).

https://bitcointalk.org/index.php?topic=582731.0


but yes the economics as the investment aren't there.  There is no proof of concept with Ethereum and PoW is diluting the investments from those people.  Furthermore, with the exception of spamming articles that only get read by hundreds on obscure crypto news sites, the launch is supposedly only days off and yet their forum is a ghost town and their Reddit only has mild activity (their forum was dead months ago).


As for our teenager mascot Vitalik getting awards - they hand them out to every kid if you go to any sports' minor leagues.

Any thoughts from someone who invested? Not me.

I thougt they had a gui

http://www.youtube.com/watch?v=IgNjs_WaFSc (http://www.youtube.com/watch?v=IgNjs_WaFSc)

The reality is you don't know unless you get to play with the GUI yourself.  That could just be a mockup and yes mockups can be interactive.  Quite probable that Ethereum is systemic deceit and there's little that can be done about it.

Who knows if they will produce anything?


Why do anything for 5 million bucks when you told everyone upfront nothing may be produced? I cannot believe people bought into this.

Will they continue working on it after they finish spending the IPO money? There is only 4000 Bitcoins left from the 31000 coin IPO.

Excellent question. Possible answer could be:

"Dear suckers investors; we have made giant strides in producing the Etherium platform and features(all we really did was eat pizza, drink beer, and play video games). Unfortunately, we have depleted our funds(not really. Bahamas are nice this time of year). Please remember our disclaimer:

"Risk that the Ethereum Platform May Never be Completed or Released
Purchaser understands, that while the Ethereum Team will make reasonable efforts to complete the Ethereum software, it is possible that an official completed version of the Ethereum Platform may not be released and there may never be an operational Ethereum Platform."

We sadly close our doors(got a plane to catch ... bye). Thanks for your support suckers."

what is the difference between ethercoin and ethers?should someone invest in ethercoin or ethers?is it going to be a pump and dump coin?

It was already pumped and dumped, the pump was the promise/dream, the dump is no delivery.

You'll be lucky to receive a trading token to dump on someone else and recover at least some of your initial investment.

I remember reading that when I was thinking of investing in the IPO. I didn't because they clearly stated they can scam us if they so choose, legally at that! There would be no way of recovering your money.

Almost everything you need to know is on the Ethereum blog (https://blog.ethereum.org/). The Ethereum launch process is as follows:
https://blog.ethereum.org/2015/03/03/ethereum-launch-process/

Once all issues have been resolved (100%), the Ethereum devs will give a notice 2 weeks before the official launch so Ethereum will probably not launch by March 20.
https://github.com/ethereum/go-ethereum/milestones
https://blog.ethereum.org/2015/03/12/getting-to-the-frontier/

ethercoin is not part of the Ethereum project but rather some pre-sale investor who is selling his pre-sale ether coins. You can exchange it after ethereum's launch or so he says. It's very risky because he may not deliver.

My advise is to not listen to anybody here because almost all have conflict of interest. Read up the blog and see the working code on github (https://github.com/ethereum) then formulate your opinion.

What's even harder to believe is people bought ethercoin at several times ether ico price. Buying from scammers who "promise" coins from original scam. Does it get any dumber than that?

Perhaps but we never know what goes on behind closed doors.  That Ethercoin never had much volume, AFAIK, and it could had been somebody buying up their own stuff and catching the occasional sucker now and then.

Ethercoin on Trex did a lot of volume, how much of it was real I have no idea.

If they have never seen a command line how can they sell?

How do you find out the command unless they tell you?  What if the steps are so complicated that most cannot follow through with it?

Seems like a setup intended because Ethereum already spent most of their money and they need to sell their free Ethereum on unsuspecting people but don't want competition from investors selling.  This is worse than Ripple's centralization.   :D

Remember folks - it was BTT that was warning the masses about Pay Coin (and Aurora long ago) and now we're warning you about Ethereum - consider yourself warned..  :D

Even if the steps are simple, a lot of them are not going to try and will only wait for the GUI client. Its a simple yet brilliant plan, artificially create a shortage and the developers can sell at high prices due to the hype.

LOL! You seem to use the same template to spread FUD about all cryptocoins!

You are smarter than I thought, it's really handy to have
and then just fill the gaps.

There's an opportunity for a little profit there.  You should be happy.

concerning ethereum is the technology functioning?at what Price will they sale ethers or ethercoin?

Yeah, and just to drive the point home a bit....EtherCoin is NOT Ethereum.
The EtherCoin devs claim to hold enough Ethereum to backup their token, but whether they do or not is a big question.
One that may be answered pretty soon....

TaunSew is a real piece of work isnt he.  Pretty much every altcoin I own some of, he has called a scam.

My new rule is that if TaunSew ever declares a coin to be a scam, and that coin appears to be a real project with a community and ongoing development work, then I am buying that coin. :)

There are opportunities for profits all over, so it is nothing new. Take NXT and DOGE for instance, they are wonderful cash cows and are always either pumping or dumping.

Just because you made money on a coin does not mean it wasn't a scam.   There were people who also made money on Aurora and Paycoin and all the scam $hitcoins out there.


Bitshares many times now have changed their core mechanics to benefit themselves and to screw over their adopters.  Heck even before there were "adopters", they screwed over hundreds of people on how they determined to take a snapshot of the old PTS!   BTS has been making those sort of blunders since the beginning.   Then the regular unethical lies they make regarding their pegged assets ("safer than a Swiss bank account", lol).  

 What do we call that if we can't use the word scam?   ???   The Larimer Lieimer Money Tree?   ???  Lieimer funbucks machine?

I did not see any breaking news about it. So I guess it was not that impressive or... something went wrong. To be honest I am amused by optimism of some people towards this launch. It is nothing special really.