Ethereum shuts down forums because $300 / month is too much

[BTCLovingDude]

Some comments:

1) If the reason(s) for shutting down the forums to save $300/month is truly negative, then we would have seen some (heavy?) insider ETH dumping, possibly crashing the price.

even the newbiest traders know not to dump all at once. and that is the thing happening here. the slow and small dump over time on each top until it is over.

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[themasknetwork]

That is actually pretty crazy how do you mismanage that much money.
300$ a month is noting all they had to do was make a post about it and they could raise 10 times that in a hour.

It's clear that they have another reason for closing the forums. But why do they lie ?

And if they lie then why choosing the most stupid and retard reason that nobody believes ?

[eyeknock]

That is actually pretty crazy how do you mismanage that much money.
300$ a month is noting all they had to do was make a post about it and they could raise 10 times that in a hour.

It's clear that they have another reason for closing the forums. But why do they lie ?

And if they lie then why choosing the most stupid and retard reason that nobody believes ?

if they do it, is because they have something really bad to hide, i hope that this have nothing to do with users or i will lost all my faith on them, not to mention that his altcoin will suffer a lot... lets see whats happen but things looks pretty bad...

[edmundduke]

That is actually pretty crazy how do you mismanage that much money.
300$ a month is noting all they had to do was make a post about it and they could raise 10 times that in a hour.

It's clear that they have another reason for closing the forums. But why do they lie ?

And if they lie then why choosing the most stupid and retard reason that nobody believes ?

Exactly it makes absolutely no sense to close it down, especially if users themselves offered to fund it. Something is happening apparently, we will see where it takes us.

[yefi]

ps.. That is some serious cash they are burning through..

That is serious cash they are burning. It's a bit like what went on in the dot com era when start-up capital was burned through extravagantly and then they all crashed and burned when the money ran out. I wonder if the real cost of the forum was the 13000 EUR listed  for "IT hosting" etc - in other words they are paying over the odds for someone to manage the forum.

The last I heard they were planning on burning a lot more: https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwpr04

Also, their finances sure don't seem to be very well documented. The main source of information here seems to be occasional blog posts or reddit comments by Vitalik.

[turbopt]

The price is going so down cause of this?

EDIT; i mean exchange ETH/BTC, i bought at one price yesterday and isnt near that ratio

[Zer0Sum]

Nearly 50 posts in this thread...
And 100% of them agree the guys who created $670,000,000 in market cap... have no clue about their ecosystem.

Well, the Ethereum Forum always sucked... and was a typical Alt Ghetto.

When you have Google News with 43,000 NEWS STORIES about Ethereum...
And endless corporate blogs writing about ETH trading and coding...
Plus 200-300 people on Reddit at any given time...

And 200 major projects in the pipeline...

http://dapps.ethercasts.com/

It's called "going mainstream"... something Bitcoin has barely managed to do after 7 years.

[Spoetnik]

Nearly 50 posts in this thread...
And 100% of them agree the guys who created $670,000,000 in market cap... have no clue about their ecosystem.

Well, the Ethereum Forum always sucked... and was a typical Alt Ghetto.

When you have Google News with 43,000 NEWS STORIES about Ethereum...
And endless corporate blogs writing about ETH trading and coding...
Plus 200-300 people on Reddit at any given time...

And 200 major projects in the pipeline...

http://dapps.ethercasts.com/

It's called "going mainstream"... something Bitcoin has barely managed to do after 7 years.

WHY would any of the outside world pay attention to Ethereum ?

Do you deny there was a manipulative large scale paid marketing campaign launched here and elsewhere ?
Do you disagree the was no artificial price increase created by a pump that lured in users to profit off of ?

So hmmm why again were people talking about it ?

Doge coin ring a bell ?
How did that turn out ?
That $55,000 Nascar paint job do any good ?

Either A:
You ETH supporters are dishonest
Or,
B: You are dumb and don't see what is going on.

I know this will play out exactly as i predicted (it already has)
I also don't care about convincing idiots who are intent on losing their money.
Suffer idiots.. your greedy antics are toxic & cancerous to crypto.

But i do have a problem with people willingly spreading false information on Crypto coins.
And many of you are quick to do this when it gets "loud"
Then when it quiets down you start to play dumb as though you were not scammin'
Proof ?
No problem..
Head over to Polonibox and search ETH + Microsoft or even IBM
Tell me what you see.

Case closed.. i am right you are scammers pushing a scam coin.
The coin has proven to be fraudulent in 2014.
Since then it has simply been reinforced.

The ETH DAPPS gimmick Pyramid scheme IPO scam coin system is criminal and fraudulent.
And i hope i see the people involved with it do jail time.
Lets start with an insider trading investigation to get the ball rolling.

[themasknetwork]

Nearly 50 posts in this thread...
And 100% of them agree the guys who created $670,000,000 in market cap... have no clue about their ecosystem.

Well, the Ethereum Forum always sucked... and was a typical Alt Ghetto.

When you have Google News with 43,000 NEWS STORIES about Ethereum...
And endless corporate blogs writing about ETH trading and coding...
Plus 200-300 people on Reddit at any given time...

And 200 major projects in the pipeline...

http://dapps.ethercasts.com/

It's called "going mainstream"... something Bitcoin has barely managed to do after 7 years.

What you see on http://dapps.ethercasts.com/ is a collection of websites that pretend to be "decentralized applications". Nothing more. In many cases, if one of those listed websites goes down, the associated app can't be used anymore because the interface is hosted in a single place.

I really don't understand why you need ethereum to build something like this http://ethstick.com/, when you can build it in 2-3 hours using php+mysql+Bitcoin or any other crypto as a payment method.

Right now, "decentralized apps" running over ethereum are a growing collection of centralized websites while dapps.ethercasts.com is a directory of links.

Sooner or later, after the hype slows down, the regular users will start to ask questions, and the first one will be "Wy do i need Ethereum ?".

[Spoetnik]

Don't forget the DAPP creator has simply revoke the shit anytime they want.

[Iranus]

I think it is not the responsibility for the Etheruem Foundation to run a forum. That is similar to BitcoinTalk.

[bitterbit]

A friend of mine runs another ethereum forum which cost him a few dollars till date.He built and hosted it on google cloud free trial for 3 months and now hosting it on aws credits for 1 year.
PS: IMO Ethereum team has exhausted expensive ways of building their infrastructure as a whole and not going for money saving opportunity and now they're cash-strapped.

[unoseller]

A friend of mine runs another ethereum forum which cost him a few dollars till date.He built and hosted it on google cloud free trial for 3 months and now hosting it on aws credits for 1 year.
PS: IMO Ethereum team has exhausted expensive ways of building their infrastructure as a whole and not going for money saving opportunity and now they're cash-strapped.

Can we know what is the name of the forum or link us if u may?

[bitterbit]

A friend of mine runs another ethereum forum which cost him a few dollars till date.He built and hosted it on google cloud free trial for 3 months and now hosting it on aws credits for 1 year.
PS: IMO Ethereum team has exhausted expensive ways of building their infrastructure as a whole and not going for money saving opportunity and now they're cash-strapped.

Can we know what is the name of the forum or link us if u may?

Yeah sure.Its called the Blockchain Forum.Link: www.blockchainforum.info

[altcoinboard]

We don't really know who to contact regarding this subject but we are open to collaborate and we are offering to host Ethereum discussion on our forum TheAltcoinBoard.com for free. Ethereum already has a dedicated Board at our forum, from the very begining and we are ready to expand it or modify to suit the needs of Ethereum community.

[hotsurfing]

Is it true Vitalik is borrowing millions of USD @ 0% interest rates and doing a huge QE program on Eth

[Taskford]

PS: IMO Ethereum team has exhausted expensive ways of building their infrastructure as a whole and not going for money saving opportunity and now they're cash-strapped.

According to th eEtheruem Foundation, at the current Ethereum price, it should survive for three more years.

[yefi]

Nearly 50 posts in this thread...
And 100% of them agree the guys who created $670,000,000 in market cap... have no clue about their ecosystem.

Hm, you call their finances their "ecosystem"?

[bitwarrior]

Geez, for a bunch of guys who are considered smart and intelligent or even geniuses , they totally lack financial management , no wonder someone from their higher ups decided to move on and resigned along time ago.

[anderl]

This is XPY all over again.  LOLOOLOLLOOLLOLOOO!!!