Is there any real difference in Vitalik of Ethereum and Bobsurplus of crapcoin?

[rokkyroad]

alot of these people have great intentions and some good ideas.  unfortunately when they get the money in their accounts some or most of them decide to spend it on nice shiny things rather than coding.   eth had some great promises but i surely would have thought by now they would have something to show for it rather than say... ooopps we ran out of money, heres some bullshit code, its up to the community now to work for free to make it happen.

At least Vitalick gives a timeline for community takeover. Most give no warning and disappear with the moolah leaving the community to pick of the pieces. It does put Eth one rung up from most community takeovers.

If that's any consolation.

[Denker]

they're opportunist scammers
rich people are rich for a reason, they have brain

You mean they have no conscience!

[crypto jerk]

Vitalik was involved with mastercoin at the beggining even if in an advisory role. He saw the $ potential and went for it.


I watched mastercoin ipo from the beggining. After they raised all their money and put crypto ico on the map all these people started leeching onto the project. If you saw their original webpage they had alot of people all looking to feed off the trough of investor money. Well that money dried up real quick and in the same manner as etherium, and several leeches dissapeared after drinking as much as they could. Some even moved to etherium when vitalik like the pied piper led them away to an even bigger trough with bigger promises.

Its a pitty. Chaulk this one up to, too many cooks in the kitchen and too many hands in the pot!

 

[solid12345]

If enough people had faith in the project there would be enough liquidity that even the biggest holders could sell out and the price would keep chugging along as normal.

Unfortunately in crypto people take big dumps as a sign to get out now.

[RealBitcoin]

I just think, and this is my opinion, that Ethereum is a big fucking scam.

Similar to Paycoin, etc...

There are too many coins here that promise you the stars and in reality only give your donkey shit. Ethereum is one of them.

The turing language is bullshit, they dont even have a wallet 

[spartacusrex]

From Reddit :

"The highest salary is $190,000, followed by $180,000, followed by something in the 150s (I personally am not even in the top 3; mine is 137k CHF/year). For refrence, Gavin Andresen's salary was ~$210,000 when he was working for the Bitcoin Foundation; it got published somewhere and I have a link in an old post on reddit. The people who earn the most per hour are probably our external security auditing partners that make $300/h."

Vitalik, do you think it makes sense that you make 150k usd a year?

Others in the foundation (ie. the ones who actually decided these salary numbers) offered me $185k at one point; I declined. Are those numbers reasonable? I'll admit I'm not qualified to judge, though I find the arguments that were raised both internally and in comments on this thread that others in similar positions earn as much or more reasonable. No idea about Brian Armstrong, but the only two high-level crypto industry salaries we have that got leaked are Gavin Andresen at $208k and Changpeng Zhao at $240k so we're clearly not too far off (Note that all this may be a tu quoque fallacy, but then the whole concept of "paying X percent below market rates" is tu quoque all the way down in any case).

  ...

Errr.. I've changed my mind. Vitalik and his crew are greedy bastards.. 

He's talking about those numbers as if they had one less zero.

[tokeweed]

The people at the top should be the last ones to get a large part of the moneyuntil the project is proven a success. Anyway, after doing some research and asking around about Ethereum, it would seem they hurried to get the 'frontier' release before their foundation's money ran out and before that got leaked to the public.  So they timed it while the hype was still very much alive.  

And some people close to the project (aka the insiders) who bought large allocations of ETH during the presale got first word on what's really up and got to dump first on the clueless buyers expecting Ethereum to be the holy grail of crypto.

So yeah, that's the story I got.

[smooth]

before their foundation's money ran out and before that got leaked to the public.

That can't be, there was transparent accounting right?

We will have transparent accounting

[tokeweed]

Where is it?  Who's the accountant?

[Come-from-Beyond]

a blockchain company whose records are not on the blockchain?  ... what's this world coming to?

A company having absolute transparent bookkeeping is a chimera. Even if it manages to emerge it will soon disappear pushed out of the market by competitors keeping their secrets.

[Tobo]

http://www.ibtimes.co.uk/vitalik-buterin-theorises-about-monetising-ethereum-browser-price-bitcoin-education-china-1522075

[RealBitcoin]

From Reddit :

"The highest salary is $190,000, followed by $180,000, followed by something in the 150s (I personally am not even in the top 3; mine is 137k CHF/year). For refrence, Gavin Andresen's salary was ~$210,000 when he was working for the Bitcoin Foundation; it got published somewhere and I have a link in an old post on reddit. The people who earn the most per hour are probably our external security auditing partners that make $300/h."

I like how people are generous, with other people's money

Its just when the bitcoin foundation paid the secretary 200k $ or something like that?


Its fucking unbelievable. Guys dont give more money to these pricks, they have no idea how to organize themselves.

[tokeweed]

http://www.ibtimes.co.uk/vitalik-buterin-theorises-about-monetising-ethereum-browser-price-bitcoin-education-china-1522075

He is thinking way ahead.  Get the network beyond frontier release first.  Fix bugs.  Make sure everything is good and ready before of thinking about fleecing people with even more money.

[vaporware asset wizard]

From Reddit :

"The highest salary is $190,000, followed by $180,000, followed by something in the 150s (I personally am not even in the top 3; mine is 137k CHF/year). For refrence, Gavin Andresen's salary was ~$210,000 when he was working for the Bitcoin Foundation; it got published somewhere and I have a link in an old post on reddit. The people who earn the most per hour are probably our external security auditing partners that make $300/h."

Vitalik, do you think it makes sense that you make 150k usd a year?

Others in the foundation (ie. the ones who actually decided these salary numbers) offered me $185k at one point; I declined. Are those numbers reasonable? I'll admit I'm not qualified to judge, though I find the arguments that were raised both internally and in comments on this thread that others in similar positions earn as much or more reasonable. No idea about Brian Armstrong, but the only two high-level crypto industry salaries we have that got leaked are Gavin Andresen at $208k and Changpeng Zhao at $240k so we're clearly not too far off (Note that all this may be a tu quoque fallacy, but then the whole concept of "paying X percent below market rates" is tu quoque all the way down in any case).

  ...

Errr.. I've changed my mind. Vitalik and his crew are greedy bastards..  

He's talking about those numbers as if they had one less zero.

the only successful crypto funding model we've seen thus far is NXT ... small amount of community money, people working to increase the value of their stack, some people paid for specific projects mostly from donations - it's not pretty but it does seem to work.

No money, no marketing ... the Black Swan combo ... very little scope for scams inside the core dev team & always lean and mean

[r0ach]

the only successful crypto funding model we've seen thus far is NXT ... small amount of community money, people working to increase the value of their stack, some people paid for specific projects mostly from donations - it's not pretty but it does seem to work.

No money, no marketing ... the Black Swan combo ... very little scope for scams inside the core dev team & always lean and mean

In the same week that someone posts a picture of a Lamborghini with NXT written on it, NXT's main current exchange, Poloniex, only needs a 32btc sell to send NXT to 0.  Something is not quite matching up here...

[tokeweed]

Yeah...  But it would take that same Lamborgini to get NXT to top 5 again. 

[Come-from-Beyond]

Poloniex, only needs a 32btc sell to send NXT to 0.  Something is not quite matching up here...

This is called "paradox". A lot of objects in this reality look counterintuitive, especially if they are black swans. They set certain requirements to object's cognition level for their successful analysis. Narrow-minded people can't grasp inner structure of objects, this is how paradoxes appear. Nassim Taleb is a good example of an object with proper analytical abilities, Marc De Mesel (who bought that Lambo) is another example. How many Lambos did you buy? I bet none, otherwise you wouldn't make the quoted post.

[r0ach]

How many Lambos did you buy?

I prefer boats.

[gjhiggins]

Narrow-minded people can't grasp inner structure of objects, this is how paradoxes appear.

The definitional citations are irrelevant, your key statement (quoted) is unsupported and, as expressed, false.


Cheers

Graham

[Come-from-Beyond]

The definitional citations are irrelevant, your key statement (quoted) is unsupported and, as expressed, false.


Cheers

Graham

Aye, it seems. Was just trolling r0ach typing random words.