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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1803463 times)
Eadeqa
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July 23, 2014, 05:33:42 AM
 #1561

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

Ding ding ding!

Winner! Except for the Ethereum devs and those who muscle it out for awhile.

This is going to be huge but the immediate drop off when everyone figures out that they need to get people to accept the platform is going to be pretty big....and the sidechain issue for Bitcoin 2.0 is going to have an effect.

Like an above poster, I agree that this is awesome and the devs deserve some incentive.  But it will be some time before integration happens so people need to mute expectations short term.

Anyway we need some info wth is going on. Maybe there are only 5M coins exists and if investors buy all 5M during IPO Etereum will be 100 POS and 100% coins goes to investors.

Or maybe devs are selling 1% coins, keeping 80% as devs stake and miners get 19%.

What I'm saying is devs are showing total disrespect to everybody not posting any info about IPO and people are so stupid that they're acting like Fry: "shut up and take my money".

Anything is better than all those "fair distribution" scams

NXT-GZYP-FMRT-FQ9K-3YQGS
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kikeda
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July 23, 2014, 05:53:44 AM
 #1562

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

If that's true (and I believe it is) why doesn't everyone wait until the deadline to purchase?

Well, if you wanted to buy anyway, and had spare BTC, it wouldn't really matter either way... now or 14 days from now.

For myself, I basically want to know how long I have to scrounge up my BTC by. If no cap, we can even wait past the 14 days and take a little less Ethereum, if we are holding alts that aren't exactly at the best price to sell right now.

We're on the same boat.

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July 23, 2014, 07:04:38 AM
 #1563

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".


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gagalady
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July 23, 2014, 07:06:28 AM
 #1564

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

I don't think the pre-sale can be profitable for investors.
jubalix
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July 23, 2014, 07:17:18 AM
 #1565

My questions are these

[1]What has Mr. Vitamin Bulteric actually dev's in the past......?
[2]It looks like Ripple is also doing the contracts thing how does it differ to Eth.
[3]NXT seem to be also doing the contracts thing, so how does it differ to ETH.

One note is :

ETH has explicitly stated it will comply with legal orders.
This means all of your IPO funds are fully seizable by any GOV that wants to.

Depending on the code base it may be that ETH if not decentralized can take by legal order to fork to get your funds or identify you. Maybe someone can clear this up in relation to the code base for ETH.




Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
dzarmush
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July 23, 2014, 07:17:27 AM
 #1566

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".

https://www.ethereum.org/images/terms/distribution.jpg

I can't find it even after you posted it.

dzarmush
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July 23, 2014, 07:18:42 AM
 #1567

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".

https://www.ethereum.org/images/terms/distribution.jpg

So they are selling 83.5% coins?

michaelb87
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July 23, 2014, 07:28:55 AM
 #1568

I've got NO idea if this is a sensible investment... When does the presale end? Is there a cap?

This must be the most ridiculous IPO I have ever seen here if you can look past the pretty marketing.
Chang Hum
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July 23, 2014, 07:29:33 AM
 #1569

Devs cancelled the first IPO in order to work on details and come up with a decent IPO plan. Instead they've just started IPO with no info whatsoever. Maidsafe investors got about 20000 coins for 1 BTC, devs set a cap but still investors are pretty much fucked. Ethereum devs only offer 2000 for 1 BTC, didn't set a cap, didn't post any info about total amount of coins, mining plan, devs stake ect. Looks like another big disappointment: eMunie, Maidsafe, Ethereum.

+1

Ethereum has a good idea. I hope they succeed because it benefits our community. But they are taking a HUGE risk by allowing this much BTC to be invested into something that hasn't been proven 100%

They are still in proof of concept for crying out loud.

Ethereum, stop being greedy. You're setting yourself up for failure and a bunch of bad PR.

If you succeed, then congrats. But why take the risk?

Plus, the higher number of BTC they get, the more disappointed all the investors will be after mining dilutes their shares by 60%+.

Mark my words. This isn't gonna end well for the presale buyers. The miners are the ones who will benefit the most. The presale buyers are for impatient people who are prone to panic buys from hype.

Agree I'm sitting this out too!
overthetop2011
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July 23, 2014, 07:32:36 AM
 #1570

What the use of ether coin?

I can not figure out the profitable model of holding the coin.

thoughts?


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dzarmush
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July 23, 2014, 07:34:55 AM
 #1571

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

dzarmush
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July 23, 2014, 07:39:30 AM
 #1572

Holy crap, they got 1000 BTC more over the last hour.

6,272,778 ETH sold | 3136 BTC

Eadeqa
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July 23, 2014, 07:41:05 AM
 #1573

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

Also, it depends on adoptability. If it's  adopted at wider level, miners are not necessarily going to dilute it, as the adoption rate could be higher than coins generated by miners. I am going to invest anyway, even though it could be risky.

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
newuser01
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July 23, 2014, 07:46:38 AM
 #1574

I can't find any information on the mining

Will it be PoW?
hamiltino
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July 23, 2014, 07:46:46 AM
 #1575

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

If you want to make your calculations more accurate...  take into consideration that at the end of the first year there will be an additional 26% ETH created (total ETH distributed through the ether sale * 1.26);  this process will continue the following years as well.

Doesn't the ether distribution go down every year.

stacking coin
hamiltino
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July 23, 2014, 07:47:23 AM
 #1576

I can't find any information on the mining

Will it be PoW?

They are still working on the algorithm but it will be POW or POW/POS.

stacking coin
Forobitcoins
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July 23, 2014, 07:48:40 AM
 #1577

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

I don't think the pre-sale can be profitable for investors.

I don,t see

Sorry for my broken English XD
newuser01
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July 23, 2014, 07:51:27 AM
 #1578

I have a hard time seeing how this could be a good investmente
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July 23, 2014, 07:52:30 AM
 #1579

I think some posters here need to do more research on their own, ethereum is not new, it's been in development for a long time now. There is plenty of information on the net about the developers, their past projects, etc. They are some of the most popular and well-known people in the cryptocurrency realm.

What most people, including me, who are used to throw-away type altcoins and have grown so skeptical and cynical, don't understand...is...ethers are not coins. They are tokens to be used to "rent space" or complete any action on the ethereum blockchain. Ethereum is a programming language which allows developers to build applications on a decentralized internet.

For example, you have a website...your website is hosted on somebody's server. But if you have a website hosted on Ethereum, your website exists on the blockchain. It's decentralized and updated through the mining process.

For those who think Ethereum is a coin, its not. It aims to be the beginning of the next generation of internet, where the entire internet exists on a blockchain, everybody pays a little ether for every action they make online, and the whole net is supported by mining ether the same way the "bitcoin ledger" is supported and updated by mining bitcoin.

There probably will be no immediate or short-term gains. But it might be something you can buy and give to your children and grandchildren.

Free SIGNs giving everyday. Be part, do not miss! (http://goo.gl/YPONWb). SnACMyDRD3ZEDBEjPgaMkDmetzjaL6PKQ5
mcjavar
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July 23, 2014, 07:55:39 AM
 #1580

I think some posters here need to do more research on their own, ethereum is not new, it's been in development for a long time now. There is plenty of information on the net about the developers, their past projects, etc. They are some of the most popular and well-known people in the cryptocurrency realm.

What most people, including me, who are used to throw-away type altcoins and have grown so skeptical and cynical, don't understand...is...ethers are not coins. They are tokens to be used to "rent space" or complete any action on the ethereum blockchain. Ethereum is a programming language which allows developers to build applications on a decentralized internet.

For example, you have a website...your website is hosted on somebody's server. But if you have a website hosted on Ethereum, your website exists on the blockchain. It's decentralized and updated through the mining process.

For those who think Ethereum is a coin, its not. It aims to be the beginning of the next generation of internet, where the entire internet exists on a blockchain, everybody pays a little ether for every action they make online, and the whole net is supported by mining ether the same way the "bitcoin ledger" is supported and updated by mining bitcoin.

There probably will be no immediate or short-term gains. But it might be something you can buy and give to your children and grandchildren.

I want to make millions of USD with short-term investments (I know I won´t) and give that to my children. Smiley
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