ATTN: Ethereum SCAM

[tiaguitah]

Past history

The Protoshares / Invictus people are involved with this.  For anyone who isn't familiar with their products like Protoshares, I'm not even kidding or exaggerating here, they're a combination of 50% crypto-fascism, and 50% crypto-socialism.  I'm not sure if they will even bother trying to refute this claim since the dictionary definitions line up exactly with what they have attempted to create in the past.

Occam's Razor - Never heard of it

Just like Sunny "The Taxman" King, the Ethereum people have never heard of the word "Occam's Razor".  There are hundreds, if not thousands of Arbitrary variables in Ethereum they get to tinker and play God with.  Bitcoin is popular because it's a simple, straightforward, trust free system.  You don't have little leprechauns behind the scenes randomly assigning values based on whatever they feel like that day.  All people want is freedom from bankers, they do not want some bizarre, poorly thought out, weirdo economic system forced on them that looks like it was designed by Mussolini.

Goldman Sachs?  Are you serious

Accompanying the previous point, we have alleged Goldman Sachs involvement:  http://bitcointalk.org/index.php?topic=431938.0

IPO Scam and premine - Check

Why have only one scam when you can have two at the same time !

Things nobody wants or needs - Check

It's not even a currency.  You're initially being sold as getting involved with a currency, yet their plans include things like moving a large portion of the IPO into the establishment of a "decentralized autonomous organization", another Protoshares buzz/scam word.  Just like every other variable in this plot, they don't even bother listing what the purpose of such an entity is, or why you should want it.  You might as well be investing in decentralized, autonomous, robots armed with machine guns.  There's just zero reason for you to want any of this stuff to exist.

Not this again

The past Invictus / Protoshares people have always been knee deep in scandals involving pre-mines in things like Memory coin, or "Freetrade" and all his baggage.

The bottom line

This is nothing but a rebranding of Protoshares, an already failed concept.

I could go on for days.  It makes me almost physically ill reading anything remotely affiliated with Invictus / Protoshares people.

- They are asking an insane 30k BTC

- 50% pre mined

- They are setting a price out of nothing for 1 eth, while it's not even out yet

- "ex" Goldman Sachs pricks are supporting this project

aaand probably other red flags i'm not aware of.

this amount of premine and greed with Ethereum devs are of epic proportion. good luck to those "invest" in this.

They do have ex Goldman Sachs members on their team. Those guys are taught to "leave nothing on the table". This  IPO was created and structured by Goldman guys. This is why it leaves zero crumbs on the table for the average guy.

My personal opinion: Do you really think a all-in-one package coin will be a revolution? Bitcoin is a success because its simple, made from scratch, for people to transact on their own terms, and thats it.

[PinkPotatos]

I think its best to keep the coin as simple as possible and have a good api to build services from

[RenegadeMind]

My personal opinion: Do you really think a all-in-one package coin will be a revolution? Bitcoin is a success because its simple, made from scratch, for people to transact on their own terms, and thats it.

Yeah, right. You just want to buy it all for yourself! Pig!

FYI - I think you're wrong there. It looks pretty damn good if you dig into the guts somewhat.

[dogechode]

Well I'm an IT person and I read about it a bit and I basically have no idea what they are even doing. It does seem a bit like they're hiding behind technobabble.

[MsCollec]

This is getting interesting,  where are the Ethereum folks to address these scam accusations.

[Cygnify]

Skimmed the first post; don't think I saw mention that any money invested can't be touched for one year, and only withdrawn at a rate of 1/3 of holdings per year after that. !!!

Basically owners can make shitloads in that first year - guaranteed.

[digicoin]

I decided not to involve in Ethereum IPO. I consider it yet another coin like Doge at the moment

[Mjbmonetarymetals]

Interesting - a couple of dogecoiners already jumping in on this thread to questions ethereum - that probably means this coin is worth looking into further could be big.

[wwtree]

what is  Ethereum

[X68N]

what is  Ethereum

Ethanolium is the next generation ripple.
The community needs it so bad, like they need AIDS 
To be precise, the 4th gen (after Ripples,MasterCoin,NEXT)

[zerox102]

what is  Ethereum

Ethanolium is the next generation ripple.
The community needs it so bad, like they need AIDS 
To be precise, the 4th gen (after Ripples,MasterCoin,NEXT)

You forgot chromawallet.

[BigBoozie]

Scam... but would those publicly known people risk their name?

[zerox102]

Past history

The Protoshares / Invictus people are involved with this.  For anyone who isn't familiar with their products like Protoshares, I'm not even kidding or exaggerating here, they're a combination of 50% crypto-fascism, and 50% crypto-socialism.  I'm not sure if they will even bother trying to refute this claim since the dictionary definitions line up exactly with what they have attempted to create in the past.

Occam's Razor - Never heard of it

Just like Sunny "The Taxman" King, the Ethereum people have never heard of the word "Occam's Razor".  There are hundreds, if not thousands of Arbitrary variables in Ethereum they get to tinker and play God with.  Bitcoin is popular because it's a simple, straightforward, trust free system.  You don't have little leprechauns behind the scenes randomly assigning values based on whatever they feel like that day.  All people want is freedom from bankers, they do not want some bizarre, poorly thought out, weirdo economic system forced on them that looks like it was designed by Mussolini.

Goldman Sachs?  Are you serious

Accompanying the previous point, we have alleged Goldman Sachs involvement:  http://bitcointalk.org/index.php?topic=431938.0

IPO Scam and premine - Check

Why have only one scam when you can have two at the same time !

Things nobody wants or needs - Check

It's not even a currency.  You're initially being sold as getting involved with a currency, yet their plans include things like moving a large portion of the IPO into the establishment of a "decentralized autonomous organization", another Protoshares buzz/scam word.  Just like every other variable in this plot, they don't even bother listing what the purpose of such an entity is, or why you should want it.  You might as well be investing in decentralized, autonomous, robots armed with machine guns.  There's just zero reason for you to want any of this stuff to exist.

Not this again

The past Invictus / Protoshares people have always been knee deep in scandals involving pre-mines in things like Memory coin, or "Freetrade" and all his baggage.

The bottom line

This is nothing but a rebranding of Protoshares, an already failed concept.

I could go on for days.  It makes me almost physically ill reading anything remotely affiliated with Invictus / Protoshares people.

- They are asking an insane 30k BTC

- 50% pre mined

- They are setting a price out of nothing for 1 eth, while it's not even out yet

- "ex" Goldman Sachs pricks are supporting this project

aaand probably other red flags i'm not aware of.

this amount of premine and greed with Ethereum devs are of epic proportion. good luck to those "invest" in this.

They do have ex Goldman Sachs members on their team. Those guys are taught to "leave nothing on the table". This  IPO was created and structured by Goldman guys. This is why it leaves zero crumbs on the table for the average guy.

My personal opinion: Do you really think a all-in-one package coin will be a revolution? Bitcoin is a success because its simple, made from scratch, for people to transact on their own terms, and thats it.

The distribution model has much to be desired of, however i highly doubt they well reach the 30 000 btc cap limit, it appears that the foundation they'll set up will be transparent and all payments will be listed publicly.  One thing to note is that unlike the Mastercoin scam, there are plenty of good developers tied to this project with code already written  https://github.com/ethereum/cpp-ethereum. They may be lacking the contracts part, but i would not be surprised if they launch a wallet during the fundraiser.

The one thing that interests me about this project is that it is more simple than bitcoin and anything can be built on top of it. Turing completeness means I can build a high frequency trading exchange on top of it, build mastercoin features without the 30 minute optimum security lag or backwards compatibility issues, or even fork dogecoin into Ethereum.

-0x102

[nameface]

Past history

The Protoshares / Invictus people are involved with this.

Charles Hoskinson is no longer a part of BitShares.

Bitcoin is popular because it's a simple, straightforward, trust free system.  You don't have little leprechauns behind the scenes randomly assigning values based on whatever they feel like that day.

Ethereum is also trustless, and there are no leprechauns, only people with the freedom to build whatever they want, and have it function however they want it it function.

This is nothing but a rebranding of Protoshares, an already failed concept.

Protoshares is a system for attaching assets to blockchains. Ethereum is a blockchain-based computer network and a scripting language. There are similarities, but the concepts are distinct.

- They are asking an insane 30k BTC

No. They're considering imposing a 30k BTC CAP.

- 50% pre mined

No. I think it's something like 15%, although they haven't decided, and they are openly discussing with the community what the best numbers are prior to implementing them into the protocol.

- They are setting a price out of nothing for 1 eth, while it's not even out yet

No. The market will set the price of ether.

They do have ex Goldman Sachs members on their team.

If you were designing financial technology, wouldn't you want financial professionals on your team?

My personal opinion: Do you really think a all-in-one package coin will be a revolution? Bitcoin is a success because its simple, made from scratch, for people to transact on their own terms, and thats it.

Simplicity is precisely what Ethereum aims to achieve. It's about maximizing the simplicity of a system with robust functionality. Ethereum never would've been possible to implement until Bitcoin proved the world is capable of making good use of an advanced cryptocurrency solution. Cryptocurrency 2.0 protocols are about challenging the technological limits of global society.

[2Kool4Skewl]

They do have ex Goldman Sachs members on their team.

If you were designing financial technology, wouldn't you want financial professionals on your team?

Not those "professionals".  lol