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well if this is not a fud, then all the investors are f.u.cked... I would like to hear an official statement from opus here...it should be tradable, that's why people were buying this token...it's sounds like break or act against contract...I don't want to trade/buy music using opus  Did they lied to investors? Just empty accusations. Any project that respects itself says in disclaimer that the tokens are not intended for speculation or can guarantee any specific value for them. This is in order to cover their ass and avoid stupid lawsuits. Mateusz said on slack it will take couple of weeks to list on exchanges. They are in contact with bittrex about listing. He said listing for sure won't be on this week since they are busy with other stuff. I think everyone waiting to make a quick buck should relax, If you have made even a finder nail worth of research before investing you would have seen that there were no exchanges planning to list the token with 100% certainty at time of ICO. This is just FUD from people that don't have patience. Give the team some time to breath. It will come, it just needs time. Tokens transfer will be enabled after block #4211033. Anyone can trade them OTC and transfer them.  If you want the project you invest in to succeed you can't bash it with negative FUD just because you are impatient or have not done your research properly. Relaaaaxxxxxx....  |
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... if we won’t sell 95% of the crowd sale supply, we will burn 95% of the foundation’s tokens.
What about the 100 million Ecosystem tokens? Will you burn the same percentage of those as well? Yes, we're burning the ecosystem tokens(which are part of the foundation's tokens too). Thought it's obvious https://opusfoundation.slack.com/archives/C5JB12934/p1503227967000063 |
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@Flamingfingers: thanks for your answers and your transparancy! One (presumably stupid) question though: are you part of the Gigawatt and/or Cryptonomous team?
Cryptonomos Support Team. Finally some answers. Now we need someone from Giga-watt team to confirm your answers and state his real first and last name and not insist on remaining anonymous. Otherwise these answers are just hot air and worthless! no CEO will come to a random forum to respond to a random potential client.
with a jackass statement like that: you obviously don't know who you are working for 1. This is no random forum. But biggest crypto forum on the web. 2. You run an official Thread on this "random" forum which you link from your Token sales webpage. 3. I also think that nothing will fall from CEO's dignity if he participates in HIS company's Official thread talking with many potential customers and assuring them that certain critical statements and guarantees being made by employees of other company (cryptonomous) will be honored. With all due respect, the other cryptonomous account here posted a lot of statements in this thread and has contradicted himself several times here and some of your answers now contradict his previous statements. Best Regards. |
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Dave, Cryptonomos Hello, I am interested in buying tens to hundreds of thousands of WTT. At first I was quite excited with your idea but after careful examination I'm not so sure and I have some serious questions about your business model. 1. If space requirement for mining equipment doubles per 1W of power due to Moore's law in semiconductor manufacturing advances. Power consumption of chips drops down significantly with each generation. I have the following question. For Example:
Currently some Mining GPU setup is taking 60x60x60 cm of space and consumes 1Kw/h of electricity. In two years if equipment is upgraded to latest models that will require TWO GPU setups of 60x60x60 cm for the same 1Kw/h of electricity. To meet your obligations to WTT token holders, Will Giga-Watt build new Giga-pods on a constant basis and allocate the additional space required for equipment upgrades on demand every couple of years for 50 years ?!? 2. Will Giga-Watt provide some storage to customers for spare parts for mining equipment that will wear out? 3. What about Network bandwidth? How much is provided with each 1W of power? Is there an option to buy more bandwidth? 4. What are the moisute levels in the area of the Giga-Watt pods? What is the effect on equipment from your experience? Is there rust after 1-2 years of operation? 5. You say you can meet customers custom demands. Why are you not providing your co-location customers the ability for remote access to their equipment hosted at your facilities? Are your customers able to manage their hosted mining hardware themselves and have full control of it?
The equipment is managed by professionals with years of experience in mining. They understand what is profitable to mine now, which pool is more profitable, etc.They can quickly repair equipment. We are in the same boat, the more profitable for you, the more profitable for Giga Watt. So your technicians will decide what is profitable to mine on behalf of your customers and on their equipment? What is this?? You say repeatedly throughout the thread that customers can choose what coins they mine. Then you say exactly the opposite. 6. On the below comment you state there are not set up fees. But later in this thread you stated there is one time setup fee of $20 for aciscs and $40 for GPU rigs. Are there any other Hidden fees? Otherwise i see no real difference to cloud mining. First and foremost it is our transparency. Giga Watt's facility is a real-life tangible project which you can tour if you attend our Open House, which we hold twice a month. Giga Watt's customers own the specific equipment: They know their serial numbers and can see them on the shelves in the unit. Another advantage is that Giga Watt's customers purchase their equipment at cost, without any markup, pay zero setup fees and extremely low effective electricity and maintenance fees: just 2.8с и 0.5с per kW/h respectively. 7. Who are "retail customers"? Customers who buy full turnkey mining or WTT token holders? From https://cryptonomos.com/wtt/faq"Does Giga Watt only mine bitcoins? Giga Watt mines all scalable cryptocurrencies: BTC, LTC, ETH/MONERO/ZCASH/DASH. The decision of what currency to mine is made by the customers who own the mining equipment. But at this stage it is technically impossible to offer all of these options to retail customers. Giga Watt is working on the solution, and hopefully in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC." 8. If you don't provide your customers with remote access to their equipment. How can your customers be sure you are not overclocking their equipment for for 10-15% to your advantage (especially GPU setups) in expense of the lifetime of the equipment? 9. Cryptonomos. Who are you? What is your name? Would be nice to know who are we talking to. Are you a Cryptonomos or Giga-Watt employee? I you rather prefer to remain anonymous. Please ask Dave Carlson to answer these questions from his account here on BitcoinTalk. 10. What exactly is included in $0.5 cents maintenance fee? Which kind of work/procedures? 11. If I decide to power off my miners for a period of time. Will there be any charges? Since I paid for the rent for 50 year ahead can I store my miners there even if they are offline as how much as I need? Unless you can provide satisfying answers to the above questions, Especially question 1 and 5. I will unfortunately have to pass on your business proposal. The ability for me to fully control my hosted hardware via remote access is a "To be or not to be" type of issue. Best Regards. Due to the specifics of your questions, please refer these questions to Support@giga-watt.com. NO! I have the same questions and many others likely too, so save your time and post your replies here!!! Yes, I see no reason to not answer these questions here. Also interesting for me. I am also interested in these answers. Can we have an update rather than a mass of pointless remarks to hide this post Since this starting to border masochism...after three weeks, in a last attempt to get honest answers from giga-watt to important questions above that remain unanswered that interest me and a lot of the members of the community here, I hereby: 1. License the above questions in post #666 (https://bitcointalk.org/index.php?topic=1914900.msg19691807#msg19691807) under the GNU GPL v.2 for free use by anyone.
2. I give anyone the full right to refer these questions to Support@giga-watt.com for their answers.Make sure you keep the community updated when you sent the email and post here the Date and Title of your Email message with these questions so we can keep track of them and see how "quick" and "fast" their support is. Please post their reply here so every can benefit from their answers. If they fail to answer within a week, I think we have found the next adventure with incompetent management and we can collectively refer to them as the next Mt.Giga-Gox from now on.  keep it rollin... https://www.youtube.com/watch?v=t99KH0TR-J4 |
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Dave, Cryptonomos Hello, I am interested in buying tens to hundreds of thousands of WTT. At first I was quite excited with your idea but after careful examination I'm not so sure and I have some serious questions about your business model. 1. If space requirement for mining equipment doubles per 1W of power due to Moore's law in semiconductor manufacturing advances. Power consumption of chips drops down significantly with each generation. I have the following question. For Example:
Currently some Mining GPU setup is taking 60x60x60 cm of space and consumes 1Kw/h of electricity. In two years if equipment is upgraded to latest models that will require TWO GPU setups of 60x60x60 cm for the same 1Kw/h of electricity. To meet your obligations to WTT token holders, Will Giga-Watt build new Giga-pods on a constant basis and allocate the additional space required for equipment upgrades on demand every couple of years for 50 years ?!? 2. Will Giga-Watt provide some storage to customers for spare parts for mining equipment that will wear out? 3. What about Network bandwidth? How much is provided with each 1W of power? Is there an option to buy more bandwidth? 4. What are the moisute levels in the area of the Giga-Watt pods? What is the effect on equipment from your experience? Is there rust after 1-2 years of operation? 5. You say you can meet customers custom demands. Why are you not providing your co-location customers the ability for remote access to their equipment hosted at your facilities? Are your customers able to manage their hosted mining hardware themselves and have full control of it?
The equipment is managed by professionals with years of experience in mining. They understand what is profitable to mine now, which pool is more profitable, etc.They can quickly repair equipment. We are in the same boat, the more profitable for you, the more profitable for Giga Watt. So your technicians will decide what is profitable to mine on behalf of your customers and on their equipment? What is this?? You say repeatedly throughout the thread that customers can choose what coins they mine. Then you say exactly the opposite. 6. On the below comment you state there are not set up fees. But later in this thread you stated there is one time setup fee of $20 for aciscs and $40 for GPU rigs. Are there any other Hidden fees? Otherwise i see no real difference to cloud mining. First and foremost it is our transparency. Giga Watt's facility is a real-life tangible project which you can tour if you attend our Open House, which we hold twice a month. Giga Watt's customers own the specific equipment: They know their serial numbers and can see them on the shelves in the unit. Another advantage is that Giga Watt's customers purchase their equipment at cost, without any markup, pay zero setup fees and extremely low effective electricity and maintenance fees: just 2.8с и 0.5с per kW/h respectively. 7. Who are "retail customers"? Customers who buy full turnkey mining or WTT token holders? From https://cryptonomos.com/wtt/faq"Does Giga Watt only mine bitcoins? Giga Watt mines all scalable cryptocurrencies: BTC, LTC, ETH/MONERO/ZCASH/DASH. The decision of what currency to mine is made by the customers who own the mining equipment. But at this stage it is technically impossible to offer all of these options to retail customers. Giga Watt is working on the solution, and hopefully in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC." 8. If you don't provide your customers with remote access to their equipment. How can your customers be sure you are not overclocking their equipment for for 10-15% to your advantage (especially GPU setups) in expense of the lifetime of the equipment? 9. Cryptonomos. Who are you? What is your name? Would be nice to know who are we talking to. Are you a Cryptonomos or Giga-Watt employee? I you rather prefer to remain anonymous. Please ask Dave Carlson to answer these questions from his account here on BitcoinTalk. 10. What exactly is included in $0.5 cents maintenance fee? Which kind of work/procedures? 11. If I decide to power off my miners for a period of time. Will there be any charges? Since I paid for the rent for 50 year ahead can I store my miners there even if they are offline as how much as I need? Unless you can provide satisfying answers to the above questions, Especially question 1 and 5. I will unfortunately have to pass on your business proposal. The ability for me to fully control my hosted hardware via remote access is a "To be or not to be" type of issue. Best Regards. @cryptonomos, why are the excellent questions of post no. 667 ignored? I don't think they have any sensible answers or don't care. In both cases I am hesitant to buy their tokens and ship them millions worth of equipment for them to handle. |
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@Mrbates
Thank you for your effort to help. But I need official answer from Giga-watt. Can not base my investment on guesses, "I believe" or "I think" answers.
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Dave, Cryptonomos Hello, I am interested in buying tens to hundreds of thousands of WTT. At first I was quite excited with your idea but after careful examination I'm not so sure and I have some serious questions about your business model. 1. If space requirement for mining equipment doubles per 1W of power due to Moore's law in semiconductor manufacturing advances. Power consumption of chips drops down significantly with each generation. I have the following question. For Example:
Currently some Mining GPU setup is taking 60x60x60 cm of space and consumes 1Kw/h of electricity. In two years if equipment is upgraded to latest models that will require TWO GPU setups of 60x60x60 cm for the same 1Kw/h of electricity. To meet your obligations to WTT token holders, Will Giga-Watt build new Giga-pods on a constant basis and allocate the additional space required for equipment upgrades on demand every couple of years for 50 years ?!? 2. Will Giga-Watt provide some storage to customers for spare parts for mining equipment that will wear out? 3. What about Network bandwidth? How much is provided with each 1W of power? Is there an option to buy more bandwidth? 4. What are the moisute levels in the area of the Giga-Watt pods? What is the effect on equipment from your experience? Is there rust after 1-2 years of operation? 5. You say you can meet customers custom demands. Why are you not providing your co-location customers the ability for remote access to their equipment hosted at your facilities? Are your customers able to manage their hosted mining hardware themselves and have full control of it?
The equipment is managed by professionals with years of experience in mining. They understand what is profitable to mine now, which pool is more profitable, etc.They can quickly repair equipment. We are in the same boat, the more profitable for you, the more profitable for Giga Watt. So your technicians will decide what is profitable to mine on behalf of your customers and on their equipment? What is this?? You say repeatedly throughout the thread that customers can choose what coins they mine. Then you say exactly the opposite. 6. On the below comment you state there are not set up fees. But later in this thread you stated there is one time setup fee of $20 for aciscs and $40 for GPU rigs. Are there any other Hidden fees? Otherwise i see no real difference to cloud mining. First and foremost it is our transparency. Giga Watt's facility is a real-life tangible project which you can tour if you attend our Open House, which we hold twice a month. Giga Watt's customers own the specific equipment: They know their serial numbers and can see them on the shelves in the unit. Another advantage is that Giga Watt's customers purchase their equipment at cost, without any markup, pay zero setup fees and extremely low effective electricity and maintenance fees: just 2.8с и 0.5с per kW/h respectively. 7. Who are "retail customers"? Customers who buy full turnkey mining or WTT token holders? From https://cryptonomos.com/wtt/faq"Does Giga Watt only mine bitcoins? Giga Watt mines all scalable cryptocurrencies: BTC, LTC, ETH/MONERO/ZCASH/DASH. The decision of what currency to mine is made by the customers who own the mining equipment. But at this stage it is technically impossible to offer all of these options to retail customers. Giga Watt is working on the solution, and hopefully in the future this option will be offered. At this point retail customers can mine only BTC, ETH, and LTC." 8. If you don't provide your customers with remote access to their equipment. How can your customers be sure you are not overclocking their equipment for for 10-15% to your advantage (especially GPU setups) in expense of the lifetime of the equipment? 9. Cryptonomos. Who are you? What is your name? Would be nice to know who are we talking to. Are you a Cryptonomos or Giga-Watt employee? I you rather prefer to remain anonymous. Please ask Dave Carlson to answer these questions from his account here on BitcoinTalk. 10. What exactly is included in $0.5 cents maintenance fee? Which kind of work/procedures? 11. If I decide to power off my miners for a period of time. Will there be any charges? Since I paid for the rent for 50 year ahead can I store my miners there even if they are offline as how much as I need? Unless you can provide satisfying answers to the above questions, Especially question 1 and 5. I will unfortunately have to pass on your business proposal. The ability for me to fully control my hosted hardware via remote access is a "To be or not to be" type of issue. Best Regards. |
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Hello, First off nice project but, As a big ethereum ipo investor I can tell you that you are making some mistakes they tried to make and some new, if making that comparison. 1.You are rushing your ICO! Ethereum tried to rush their IPO in february 2014. This would turned out not well. Very good they listened and delayed it for couple of month. I think you should delay your ICO at least for another month not a week as you did. This way you will get much more media attention and get exposure to more potential investors. 2. ICO pricing / distribution model. Ethereum price was 2000 ETH for 1 BTC (1BTC at that price was around $600) this means around 30 cents per ETH. Your price is 1800 BCD for 1 BTC at current price levels of $1500-1600 that's around $0.85-$1+ for every BCD depending on when to buy into this ICO. This is a hard one to swallow considering the following facts: a. The BIG difference is that Ethereum most of their IPO supply gave to purchasers 83.5%, 8.3% to Early contributors and 8.3% long term endowment fund + You had mining come into the supply equation gradually! You can look at the details here: https://github.com/ethereum/ethereum-org/blob/master/public/pdf/TermsAndConditionsOfTheEthereumGenesisSale.pdfBitCAD instant supply is 100Million from which you allocate only 51% to purchasers. The rest could be considered a free premine that will be given on different conditions to different parties based on your discretion. This is NOT good at all. b. You aim to a theoretical sell of 51,000,000 BCD / 1800 for 28,333 BTC @ current $1500 = $42,500,000 ? This with a rushed launch? Suppose you sell 25,000,000 BCD...the rest you write that you reserve the right to sell privately to institutional investors. Great! At cheaper price then ICO price? Can you guarantee us they will not receive a better price then ICO investors so these institutional investors don't sell their coins or manipulate the price? This is very serious you are talking about big money here but as it seems the way you handle this is very unprofessional. 3. Is your project open source? If not this complicates the matters. Are we talking about a privately owned network for public use? I'm sorry to say but unless you delay your ICO and change the distribution model to something more palatable I will not invest a single $ in your ICO although I would be willing if the above is addressed. Have a nice day! p.s Get rid of that logo with the Illuminati eye, it's doing you more harm than good... |
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Hi all,
I am offering 2500 ETH (Ethereum) for 0.005 BTC each (~$1.4USD) from genesis block. I deposit 10% of the BTC amount to escrow multisig as a guarantee of delivery after the thawing phase is over.
Please suggest/offer here a reputable escrow that uses bitcoin multisig addresses that I can look at and choose from. Escrow Commision up to 1-2% is ok.
If you are interested please write here.
Thank you.
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Here are some results of my first day running a full Bitcoin node on /ULvXbd]DigitalOcean.com. Unfortunately, it is not possible to run a full node on the $20/mo instance, you need the $40/mo 60Gb VM Debian image. If you use Debian, Why not try linode? They sit on SoftLayer network and latencies are good. They also have advantage for $40 you get 4 GB RAM 4 CPU Cores 96 GB SSD Storage 4 TB Transfer 40 Gbit Network In 500 Mbit Network Out You also can check hetzner.de they also have good plans. cheers. |
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I don't seem to grasp where is the catch with the magic number $483? 1 Bitcoin = USD483 = JPY50,058.12.  MTGOX online bankruptcy claim filing system page: 7. "The amount of my/our bankruptcy claim will be converted into Japanese yen using the exchange rate designated by the bankruptcy trustee (the closing rate of the telegraphic transfer selling rate of the Tokyo Foreign Exchange Market (the rate published by Mitsubishi UFJ Research and Consulting Co., Ltd.) on April 23, 2014, Japan time) and the Bitcoin rate designated by the bankruptcy trustee (CoinDesk Bitcoin Price Index on 23:59 on April 23, 2014 Japan time) (1 Bitcoin = USD483 = JPY50,058.12. This calculation is made using the rate “USD1 = JPY103.64” (the closing rate of the telegraphic transfer selling rate of the Tokyo Foreign Exchange Market (the rate published by Mitsubishi UFJ Research and Consulting Co., Ltd.) on April 23, 2014, Japan time)."https://claims.mtgox.com/assets/index.html#/signinI don't get it.. They are betting that the price of BTC will be above $483 at the time of distribution? Because of that they want to lock out this price for users? For example you agree here to take $483 for every btc they should give you. Then on september 2015 after creditors meeting when they decide to distribute, the price of BTC lets say is $1000, so they basically shave you for the difference? Interested what's your take on this? |
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Mastercoin to rule them all.
Mastercoin is amateur hour compared to what these folks have planned. Right. Ethereum is to Mastercoin what Peercoin is to Bitcoin. 1st mover advantage will be huge. Also, Charles said at the Miami conference Ethereum will only be traded on the open market Q3 or Q4 (autumn-winter of 2014) so those buying into this IPO for a quick flip have no idea what they're getting into and will be locked in from trading for quite a while. Ethereum, Mastercoin, Open Transactions, even Ripple are going to partner or work closely to build inter-functionality. The community is becoming more cooperative than competitive. There will be quite a few winners. Did you watch that video? Got to love the tension there between Charles and the Invictus dude. Just watch Charles' reactions when Invictus dude talks. It's clear as daylight they have eachother's guts. And they've put the MSC guy between them to separate the two. https://www.youtube.com/watch?v=w-9miCOsg4g#t=1541Also notice that "touring complete" part", when Charles gets pissed at the Invictus dude talking about Turing complete as being part of his project also. These guys hate each other, make no mistake about it. They were just playing nice for the camera. You're naive if you believe otherwise. They were just playing into the narrative, that's all. Thanks for the link to the interview. Watched it fully. Now I can say that the guy from Invictus innovations seems to be a really strange fella... he talks much marketing with a lot of buzz words, repeating himself, much form...not much contents. He looks to be unconnected with reality and mainly fantasizing about profits while eliminating mining. If mining is such a dumb and unnecessary thing then why satoshi put it into bitcoin? What about security if you remove mining? This guy is weird, he's body language is irritating, he does not have a clear understanding what he himself is talking about, even the host asked him wtf are you trying to communicate?. The guy from master coin from the other hand seems to be legit, understanding and coherent. I think that he also has some wishful thinking about the length to which the bitcoin core developers will go in order to expand the functionality he really wants. While it will be expanded, but not to a degree that he wants, because they will not risk an already established system with radical changes. I think Charles put a great interview, clearly communicating about ethereum and earning him some positive points along the way. |
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I agree with you completely and as a person who preordered a butterfly labs miner I understand this concern. Ethereum is a massively interactive and rapidly evolving project. You should factor the appreciation of bitcoin into your investment model; however, the goal here is to build a long term ecosystem, not make you 150x in the short term. You have to ask a question, Do you want to own an asset at a 35 million dollar market cap with lots of growth potential or an asset at the 10 billion dollar market cap with lots of growth potential? Phrasing the question like that, the answer is no brainer. But factoring the risk factor in, the picture looks different. The two are not comparable, bitcoin is already established, proven and enjoying the benefit of a sound adoption curve and non rushed development prior to release. The ethereum now, while has great potential is only an idea starting to materialize, it still has a long way to go and prove itself. By factoring bitcoin appreciation I will have to limit my exposure to 10%max considering the current IPO model of take it or leave it early on. This taking into consideration the many unknowns at this stage. Example: the mining algorithm. When pressed against the wall I tend to minimize my risks if I have lack of knowledge base to a proper decision making. Why is it not possible to split the IPO to 3 stages with each 10K BTC cap? First 2000ETH/btc, 2nd 1500ETH/btc, 3rd 1000ETH/btc? I'm willing to give more money to the project, this way it seems more fair and balanced. The former has a lot of room for rapid growth, the latter has to necessarily slow down. UX, scalability issues and also long adoption arc will retard the growth of bitcoin. Getting to 100 billion is going to be a lot harder than getting to 10 billion in my opinion. For us to grow the same amount is a lower barrier. Or rapid decline, depends on security and developers performance. I agree completely on the rest. Also in terms of things like miners, the VP is front loaded. You miners doesn't magically grow in value over time. It is a depreciating asset like most preordered products. Ether has to either die fast or grow fast.
I haven't mined 1 coin. After consideration I decided to invest the money directly to BTC and LTC and spare myself the hassle. Looking retrospectively it was the right decision for me. I'm not an expert on mining but regarding the mining algorithm, can you guarantee that you will program it properly in order to avoid the daily mine/dump miners pushing the price down once the mining starts? Considering the current inflationary model will the miners be able to effectively mine in a more profitable manner ether then other alt coins and sell them at the price lower than initial IPO price per ether? If the mining will be done exclusively on CPU and not GPU then I can somehow see how this could work otherwise if it's less profitable why should anyone mine it, except for ideological reasons? |
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Charles,
Can you confirm the estimate for the main net launch to Q3-Q4, 2014?
Thank you. I'm pushing us into SCRUM and really hammering down the development process. Once we have those operations where they need to be, we will have significantly better predictivity in our development flow. This said, we have a checklist that needs to be resolved prior to the value chain being launched. That will be the ultimate guide for when things get launched. Q3-Q4 seem reasonable, but cannot be committed to until a later date. I understand. This means that real ether mining and the ability to trade/sell ether by investors of original IPO will only be available at this time frame or later (depending on the development progress). I want to say that I'm enthusiastic about ethereum and will surely contribute to the development and success of this great idea and system. But as a potential big investor for ethereum I have the following questions/remarks: At first I was under the impression that the main net will be launched in a couple of months, I planned to invest 100x. After reading and digging more into the matter now, and this is not due to your fault or any mistake it went down to 1x-10x. I'll explain why. 8-11+ month down the road is a hugely immense amount of time in the crypto world as you know. The price of BTC can probably be x5-10 that it's current price in end of 2014. Taking this reality into consideration and the fact that etherium is in it's infancy and early planning stage right now (which is good and I support your recent move to delay IPO and development refinements and not rushing), many of the risks are unknown. I'm afraid that current/former IPO model unless changed significantly to reflect this reality has the probability to become something similar to the ASIC issues encountered in 2012-13. This in turn can make many investors upset. I'll explain why. Many ASIC manufacturers took pre-orders in BTC when the price was very low for a promise of delivery of yet in development complex tech. When there were delays because of the complexity of the issues, the investors took a deep hit and many lost the appreciation in price of BTC, making their investment depreciate while the manufacturers of ASICS enjoyed the undue appreciation from investors money. This practice of taking investors money and holding to it, while not delivering the tech and making further delays is questionable. After the manufacturers took the BTC the time pressure became on investors, because manufacturers already took an upfront payment for the full amount of the work and could afford themselves in expense of investors to simply relax and watch "their" money appreciate while not stressing themselves. In my view this practice is highly unethical. While I'm not suggesting this will be the case with etherium. I see the idea, your team and the spirit in very positive way. However, if the cap of original IPO will remain the same at 30K BTC, then potentially than will amount if price of btc is x5-10, to a whooping $150M-$300M. Considering the fact that Vitalik said on Reddit that you currently don't have plans beyond 10M USD, the other money will simply be sitting in the wallet and appreciating. Making this a similar case to the above. I suggest to split the IPO to couple of rounds of fundraising attached to major milestones of the project until the main net goes live. This way I and other investors have the opportunity to invest additional sums as the work progresses, while still enjoying the appreciation in BTC and have access to more mature information about the progress of the project to make more informed decisions while investing. I believe the project will receive all the funding it needs to succeed and you to do the work and still have the motive to continue. Being payed upfront the whole salary makes it less motivating to do the work in the best way possible and this is not good for anyone. I apologize for the essay, but this is a make or break issue for me. |
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Charles,
Can you confirm the estimate for the main net launch to Q3-Q4, 2014?
Thank you.
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For the non-techie among us, would I be able to install alpha release of the testnet client on my Win 8? Some guidance would be helpful. What does all this mean? "two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon."
see if this helps.. http://dr-pra.tumblr.com/post/73526554416/build-and-run-the-ethereum-go-client-on-windows |
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x3 the amount then 3 days ago...Opus starting to get some steam at the end of crowdsale 
