[ANN] Ethereum: Welcome to the Beginning

[TwinWinNerD]

when is the IPO ? come on guys wtf

soon

soonish^TM®

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[drawingthesun]

More than just a rumour, i saw him in a recent video (a week or so ago on YT) saying IPO is only a matter of weeks away. Check out their forum, there is alot of talk regarding the IPO and all signs point to an imminent IPO (which will run for at least 4 weeks i think or up to 60 days ?). They have a crazy target of 30,000 Bitcoin though...Im not sure what happens if they dont meet their target...I believe it's 1000 Eth per BTC invested.. Q4 is the target time to have it up and running (at least the first version of it) not IPO

A couple of things.

- It will be an Ether sale, ie, a kickstarter type event to preorder Ether
- There is no date announced for it
- There is no detail announced about it
- There is no 30k 'target'. A comment was made, way back, that the organization could envisage doing a lot of good for the ecosystem up to 30k btc, it's not and has never been a goal.

The model has changed quite drastically since its first draft I think people are going to be pleasantly surprised. We're aiming to create the template for setting up a DAO: open and transparent wall to wall. Open organization, open equity, open source and open salaries. This explains the delay in releasing information by the way.

More soon.

I am now getting really confused with the IPO. I was always under the impression we invest bitcoin and in return we get ether. The ether comes from a pre-mine or something.

Now I was talking with someone the other day who is confident the IPO is now about investing in the company itself, so we invest in shares or something. Now to me that sounds like i'm buying into a centralized arm or something. I was content with purchasing a share of the first ether but the investing in a company seems less than ideal.

Can someone explain this please? I really am not interested in another organization that can be targeted and attacked and I certainly do not want to invest in such a target.

[TwinWinNerD]

Yeah if this turns out to be ripple 2.0 im out too!

[Come-from-Beyond]

Yeah if this turns out to be ripple 2.0 im out too!

In my opinion there r only 2 options:

1. to be Ripple 2.0
2. to be outlawed

This is applied to every cryptocurrency.

[drawingthesun]

Yeah if this turns out to be ripple 2.0 im out too!

In my opinion there r only 2 options:

1. to be Ripple 2.0
2. to be outlawed

This is applied to every cryptocurrency.

I don't really care if the organisation is outlawed, Satoshi was so confident he realised he was no longer needed and left us to our own devices.

Once the code is ready and the system operational, if the core team fail another can take it's place.

However now I see that the Ethereum core team are making themselves as much apart of ethereum as the code. Therefore the only logical conclusion is a fork is made with decentralisation in mind.

Again, why can't they make the release and offer pre-mine coins for an IPO? I do not want to keep investing in companies, I keep losing my money.

[Equate]

Ripple 2.0 no way

[drawingthesun]

Yeah if this turns out to be ripple 2.0 im out too!

In my opinion there r only 2 options:

1. to be Ripple 2.0
2. to be outlawed

This is applied to every cryptocurrency.

Also, what the hell? The current most successful digital 'e-currency' or 'cryptocurrency' to exist throughout all of history is the decentralised Bitcoin. Please note that all other 'e-cash' systems that relied on the blessing from old white men have failed in comparison.

Bitcoin has not been outlawed and has not become Ripple 2.0. Obviously there is a third option which evades you; be like Bitcoin but better. And that is what I hoped Ethereum was going to be.

[Come-from-Beyond]

Also, what the hell? The current most successful digital 'e-currency' or 'cryptocurrency' to exist throughout all of history is the decentralised Bitcoin. Please note that all other 'e-cash' systems that relied on the blessing from old white men have failed in comparison.

Bitcoin has not been outlawed and has not become Ripple 2.0. Obviously there is a third option which evades you; be like Bitcoin but better. And that is what I hoped Ethereum was going to be.

Bitcoin is not outlawed? What country do u live?

[drawingthesun]

Also, what the hell? The current most successful digital 'e-currency' or 'cryptocurrency' to exist throughout all of history is the decentralised Bitcoin. Please note that all other 'e-cash' systems that relied on the blessing from old white men have failed in comparison.

Bitcoin has not been outlawed and has not become Ripple 2.0. Obviously there is a third option which evades you; be like Bitcoin but better. And that is what I hoped Ethereum was going to be.

Bitcoin is not outlawed? What country do u live?

I have no idea what you are talking about and I think you are being deceptive.

I live in Australia, but regardless there is current research that shows the legal status of Bitcoin:

http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

http://bitlegal.io/

In addition to the lack of Bitcoin being outlawed in most nations, I wouldn't be surprised that during a CryptoCurrencies rise to trillion dollar status for it to be banned at least for a year or more. Before the country realised its mistake. However this hasn't happened so far and that war is a long way off.

[Come-from-Beyond]

I have no idea what you are talking about and I think you are being deceptive.

I live in Australia, but regardless there is current research that shows the legal status of Bitcoin:

http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

http://bitlegal.io/

In addition to the lack of Bitcoin being outlawed in most nations, I wouldn't be surprised that during a CryptoCurrencies rise to trillion dollar status for it to be banned at least for a year or more. Before the country realised its mistake. However this hasn't happened so far and that war is a long way off.

So... Banks close accounts related to Bitcoin, e-stores remove applications related to Bitcoin, sites ban accounts related to Bitcoin and u say that Bitcoin is not outlawed. Ok, never mind.

[TwinWinNerD]

I have no idea what you are talking about and I think you are being deceptive.

I live in Australia, but regardless there is current research that shows the legal status of Bitcoin:

http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country

http://bitlegal.io/

In addition to the lack of Bitcoin being outlawed in most nations, I wouldn't be surprised that during a CryptoCurrencies rise to trillion dollar status for it to be banned at least for a year or more. Before the country realised its mistake. However this hasn't happened so far and that war is a long way off.

So... Banks close accounts related to Bitcoin, e-stores remove applications related to Bitcoin, sites ban accounts related to Bitcoin and u say that Bitcoin is not outlawed. Ok, never mind.

I think he is referring soley to the legal status.

[drawingthesun]

I think he is referring soley to the legal status.

Yeah I was refering too Bitcoin's status in regards to the law of the land. Of course it's to be expected that private entities threatened by a new competitor take to trashing it.

So... Banks close accounts related to Bitcoin, e-stores remove applications related to Bitcoin, sites ban accounts related to Bitcoin and u say that Bitcoin is not outlawed. Ok, never mind.

Outlawed would mean the law of a particular country has struck it down and made it illegal for any entity on that land to partake in Bitcoin based activities.

Outlawed does not mean some private vested interests seeing a threat and striking it down.

Of course the Banks are going to revolt against this technology, it directly competes with them. If Bitcoin succeeds they lose a lot. It's of no surprise they will try to shut Bitcoin out. The old guard always do.

Take a company A, and newer more technologically advanced company B. Both companies operate in the same field. It makes perfect sense that company A will do everything in its power to crush company B. It doesn't mean B is outlawed, it just means B has to put up a fight.

By the way, putting up a fight doesn't mean becoming Ripple 2.0 or otherwise know as company A's bitch. (Which is what Ripple is, the bankers bitch)

[Onar]

Iread abouyt Ethereum - the thing is that is not abou being a currency. Its just one small apart of the software. Its mucch more, but the currency part is to get developers to work on it. In general people do not develope for free....everyone has bills to pay. Its a way to draw funds so developement team can focus all time on project and not treat it a as saturday/sunday hobbyproject.

And why should miners and currency traders sit with the richness, In general the intent grand design of this is more than bitcoin and just to be a currency.

Just my opinion;)

In my opinion, the idea of giving most coins to the investors, instead of miners, is just plain stupid. This is not the proper way to distribute a currency. It is not fair.

[grizmoblust]

Yeah if this turns out to be ripple 2.0 im out too!

In my opinion there r only 2 options:

1. to be Ripple 2.0
2. to be outlawed

This is applied to every cryptocurrency.

Disagree. Crypto breaks the authority control and put in our hands. Once ethereal is released, it will break the bonds of the gov, and monopoly of courts, and the law. The Gov era has come to an end. We're slowly merging into anarchy society.

[EFFV]

When is IPO?

[yidian]

When is IPO?

Everybody is asking this question. As I know that they are currently investigating the IPO process and doing some tests.

[Teodor]

IPO? What is that? 

[lebing]

Would love to hear an update from the folks here on how the discussion went with Paypal...

[lemfuture]

from what ive experienced in tons of IPO participation, its better and safe to bid lower 

[drawingthesun]

from what ive experienced in tons of IPO participation, its better and safe to bid lower 

The IPO is pre-set to 3,500 ether per bitcoin.

You could always wait until after IPO and hope the price drops.