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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 24, 2014, 03:41:06 AM
Hey guys,

So if I can jump in here quickly to clear a question out of the air...

It seems that a main concern to many is that, upon the fundraiser/IPO stage, investors can put forth X amount of BTC for 2000 ether(or less as the days progress)... This simply amounts to investing within a company/idea at the early stages, giving the capital needed to produce a product/good/service.

Once this product is created, the worry seems to be that there will be a 50% devaluation of ether, effectively ruining the "profit" of those who got in early.

However, isn't the point that, if true value is created within that time frame, that the 50% devaluation has no real affect, if say, interest in the new protocol/system, has risen exponentially? As in, an increase of the money supply will not affect prices, per se, if the productivity of the market at that time, outpaces the rate of inflation.

I think the idea of escrow services, contracts, reputation services, etc, is crucial, not only to money itself, but to how the internet and the future will be shaped. If Bitcoin was the "TCP/IP" of the internet, then Ethereum is the "HTML/UI Browser" of the internet, which is massive... however/whatever spawns from this innovation, will be where we are today, meaning those who are in the right place at the right time, will be very well off.

Profit is people. When individuals value a good/product/service/etc, they reward it with profit. The division of labor and all other Econ 101 factors come into play and I for one am a bit confused as to the nervousness of this devaluation and why it is viewed negatively.

Could someone help clear the air? Assuming I invest 5 BTC, therefore receiving 10,000 ether, what is the worst/best case scenario after the release?

Sorry for the tangent!
2  Other / Beginners & Help / Saying hello on: April 11, 2013, 11:59:34 PM
Been watching the action the past few weeks, sure is interesting! Cannot wait till I can post in other places.

Thanks
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