Bitcoin Forum
June 19, 2018, 11:27:01 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 968 »
  Print  
Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1803416 times)
TwinWinNerD
Legendary
*
Offline Offline

Activity: 1680
Merit: 1001


CEO Bitpanda.com


View Profile WWW
April 07, 2014, 06:06:37 PM
 #1441

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.

1529407621
Hero Member
*
Offline Offline

Posts: 1529407621

View Profile Personal Message (Offline)

Ignore
1529407621
Reply with quote  #2

1529407621
Report to moderator
1529407621
Hero Member
*
Offline Offline

Posts: 1529407621

View Profile Personal Message (Offline)

Ignore
1529407621
Reply with quote  #2

1529407621
Report to moderator
1529407621
Hero Member
*
Offline Offline

Posts: 1529407621

View Profile Personal Message (Offline)

Ignore
1529407621
Reply with quote  #2

1529407621
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529407621
Hero Member
*
Offline Offline

Posts: 1529407621

View Profile Personal Message (Offline)

Ignore
1529407621
Reply with quote  #2

1529407621
Report to moderator
drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 07, 2014, 06:18:16 PM
 #1442

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
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
April 08, 2014, 07:16:13 PM
 #1443


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
Sr. Member
****
Offline Offline

Activity: 274
Merit: 250



View Profile
April 08, 2014, 10:53:52 PM
 #1444

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.

Ambit    ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  █████
██
████████████
Become part of the mining family
✔ SECURED  │ WHITEPAPER │  ★ 171% ROI
██   
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
██  ██
█████  ██
██
████████████
EFFV
Sr. Member
****
Offline Offline

Activity: 279
Merit: 250


View Profile
April 17, 2014, 09:18:44 PM
 #1445

When is IPO?

"A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves."  -Lao Tzu
My Trust Thread: https://bitcointalk.org/index.php?topic=474589.new#new
yidian
Jr. Member
*
Offline Offline

Activity: 36
Merit: 0


View Profile
April 18, 2014, 05:19:59 AM
 #1446

When is IPO?

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

NEM Coin 100% built from scratch
Teodor
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
April 18, 2014, 05:50:46 AM
 #1447

IPO? What is that?  Cry

lebing
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000

Enabling the maximal migration


View Profile
April 18, 2014, 01:08:19 PM
 #1448

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

Bro, do you even blockchain?
-E Voorhees
zrunfeng
Hero Member
*****
Offline Offline

Activity: 601
Merit: 500


View Profile
April 18, 2014, 01:13:55 PM
 #1449

Good luck - looks very interesting
lemfuture
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
April 19, 2014, 11:53:06 AM
 #1450

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

1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 19, 2014, 11:54:19 AM
 #1451

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


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

You could always wait until after IPO and hope the price drops.
lemfuture
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
April 19, 2014, 11:55:17 AM
 #1452

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


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

You could always wait until after IPO and hope the price drops.
thats basically what i said

1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
Shivalein
Member
**
Offline Offline

Activity: 117
Merit: 10


View Profile
April 19, 2014, 01:37:11 PM
 #1453

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


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

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

How do you know this?

drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 19, 2014, 01:47:48 PM
 #1454

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


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

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

How do you know this?

Hmm I can't find the 3,500 number right now. The white paper itself specifies between 1000 and 2000 per bitcoin.
ownerbest
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
April 21, 2014, 02:13:16 PM
 #1455

There are so many people waiting to invest this coin, so I think we can't earn much from this at the beginning.

QORA | 2ND GEN | NEW SOURCE CODE | QM8Q7itiFjs9b2QaXgDuedT8cfX5qaYeqC
drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 21, 2014, 02:48:52 PM
 #1456

There are so many people waiting to invest this coin, so I think we can't earn much from this at the beginning.

Assuming ether is 1000:1 bitcoin.[1]

They are likely to raise 40,000 bitcoin. + 40% for themselves. This makes the genesis about 68,000 bitcoin * 1000 ether { 68,000,000 ether} to begin with for a supply that will be 30% or 20,000,000 ether per year.

In ten years the supply will be:

68,000,000 ether + ( 10 years * 20,000,000 ether mined per year) = 268,000,000 ether in circulation.

Everyone talks about the mythical $10,000 bitcoin, so lets use that as a guide for the next 10 year target.

Assuming in 10 years there are about 16 million bitcoin this brings the entire supply being worth about $160,000,000,000. (@$10,000 a coin)

So under this model your bitcoin gains 20 times value in ten years, not bad.

If the Ethereum supply instead is worth $160,000,000,000 because Ethereum became the main cryptocurrency due to it's potential intrinsic qualities [2] then that makes each ether worth:

$160 billion / 268 million ether = $600 per ether.

That means a one bitcoin investment in ether now works out to be worth 1000 ether in the future @ $600,000 total.

This model gives your one bitcoin investment into Ethereum a 1,200 times value increase in ten years.

This entire analysis kind of assumes one of either Ethereum or Bitcoin win as the primary cryptocurrency. In the real world we might find they co-exist at a ratio.

The good thing is that if Ethereum is 60 times smaller (market cap) than bitcoin, you still have equal value. Anything above that ratio nets you more value per ether and below that ratio nets you less value. [3]

Considering Litecoin exists at a ratio of 1:18~20 I find it very likely that investing in Ethereum makes you more value.



[1] The actual ratio doesn't matter at all for working out value.

[2] This assumes ethereum can be the primary power under web 3.0. It's likely native bitcoin can be made to compete via script upgrades or sidechains.

[3] If the market cap of Ethereum is 60 times smaller than bitcoin, taking our previous end values, bitcoin worth $10,000 and ether being worth $600, a 60 times reduction in ether value makes ether worth $10 and 1000 * 10 ether = $10,000



Notes:

- If over 200,000 bitcoin are raised in the IPO, it's very likely your return on value will be borderline not worth the risk. Personally if the genesis block is worth upwards of 80,000 bitcoin I will personally not take part.

- If the bitcoin core developers add more op codes into script or solve the sidechain mining issues, then it's possible ethereum value is completely destroyed.

- If ethereum becomes silver to bitcoins gold and replaces Litecoin, the 1:20 ratio will likely give your investment 3 times growth over just holding bitcoin. (If IPO starts of at 68,000 bitcoin via a 40,000 bitcoin raised)
Privsi
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
April 21, 2014, 02:53:23 PM
 #1457

Good luck!

I am definately in.
RawDog
Legendary
*
Offline Offline

Activity: 1344
Merit: 1018



View Profile WWW
April 21, 2014, 03:06:11 PM
 #1458

When is IPO?

Everybody is asking this question. As I know that they are currently investigating the IPO process and doing some tests.
They should use the MasterProtocol to do this most efficiently at an early date.  If they wait for their own token, could be too many months away.  Don't delay. 

*Image Removed* *Expletive Removed*  *Obsenity Removed*
What's going on - Slavetards?!!!
Watch my videos: https://www.youtube.com/watch?v=oE43M1Z8Iew  1FuckYouc6zrtHbnqcHdhrSVhcxgpJgfds
drawingthesun
Legendary
*
Offline Offline

Activity: 1120
Merit: 1000


View Profile
April 21, 2014, 03:08:49 PM
 #1459

When is IPO?

Everybody is asking this question. As I know that they are currently investigating the IPO process and doing some tests.
They should use the MasterProtocol to do this most efficiently at an early date.  If they wait for their own token, could be too many months away.  Don't delay. 

The entire system is it's own token. This is an alternative coin, not a security. I'm confused as to how they would issue their own currency and their own blockchain using mastercoin.
katarhis
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 23, 2014, 03:25:13 AM
 #1460

There are so many people waiting to invest this coin, so I think we can't earn much from this at the beginning.

I think so too. Everybody know about Ethereum and everybody wants to invest. The other hand it's much less risky, since it's so popular.
Pages: « 1 ... 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 [73] 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 ... 968 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!