Who thinks that ETH will go below 0.001 in November? It seems crazy when ETH was first released but now nobody is laughing anymore.
If the foundation had 25% of their funding left for ongoing development from the core devs for the next 18 months it would 4X the current price.
As it stands I think they are down to three months worth of funding (I need to run the numbers - wasn't it something like 7 months at $1.50? So like 2.3 months at today's price a month ago?)
I have a theory they are working like madmen to get the PoS finished before they run out of money.
I thought the presale Ethereum was a good bet. It needs to be half of the presale prices now to even consider unless the foundation finds a way to fund itself. It boils down to being bad stewards of the pre-sale. Not being transparent as promised, not cashing out for the currency that pays their salaries and opting instead to speculate, allowing scope creep to threaten their core project (which it did and is about to kill it) etc
Edit: I misjudged. It looks to me like the foundation is down to close to 5 months left at previous burn rates.
As of Oct 1st
200,000 CHF
1,800 BTC
2,700,000 ETH
The foundation’s monthly expenditures are currently ~410,000 CHF and starting Oct 1 are projected to fall to 340,000 CHF; a mid-term goal has been placed of 200,000 – 250,000 CHF
