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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1797256 times)
kencoles
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July 25, 2014, 11:14:06 AM
 #1761

Devs, tell us % of share in ETH for IPO investors.
And put max. market cap for IPO.
We need to know what we got for our money

“Ether is simply a token useful for paying transaction fees or building or purchasing decentralized application services on the Ethereum platform; it does not give you voting rights over anything, and we make no guarantees of its future value.”

https://bitcointalk.org/index.php?topic=428589.0

Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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July 25, 2014, 11:17:49 AM
 #1762

Devs, tell us % of share in ETH for IPO investors.
And put max. market cap for IPO.
We need to know what we got for our money

Why make a max cap? They want to raise as much as possible.
kencoles
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July 25, 2014, 11:23:28 AM
 #1763

Devs, tell us % of share in ETH for IPO investors.
And put max. market cap for IPO.
We need to know what we got for our money

Why make a max cap? They want to raise as much as possible.

At Ethereum official site we can read:

     “This sale will help us fund the continued development of the software platform, scheduled for release in the winter of 2014/2015.”

BitcoinPimp
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July 25, 2014, 01:49:18 PM
 #1764

Devs, tell us % of share in ETH for IPO investors.
And put max. market cap for IPO.
We need to know what we got for our money

First thing, you are *not* a investor. The ethereum devs are clearly labelling all of you as "purchasers" of ethereum and not as "investors". Which should be interpreted accordingly.

Second, there is no max cap on this "IPO" and there is no max cap on the produced ether after IPO which means your "purchase" will inflate over time. Just like fiat dollars. Inflation = it will lose value over time.

this picture from a earlier post in this thread shows it all: https://bitcointalk.org/index.php?topic=428589.msg7994191#msg7994191

This picture in that thread clearly shows that the amount of purchased ether will be severely "watered out" over time. Unless the market grows faster and more than the speed of this obvious inflation of ether, the value will drop over time.

Thus, they are labelling you all "purchasers" and not "investors". Most likely they did so in order to make it more "lawyer-proof" if any of the "purchasers" gets pissed for losing money. Smiley
PocketCrypto
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July 25, 2014, 02:14:07 PM
 #1765

Hello Ethereum Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your Ethereum investment (Price will currently default to the IPO price 0.0005 btc)  Hope you guys will check out the app and Good Luck to All!



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us Cheesy)
*Exclusive to Pro: *add unlimited coins, add Fiat Currency with price in btc, Precious Metals with price in btc, Notes Feature,and more coming soon!



Free Version (still awesome!)(10 coin limit)


Please check out our main post for additional info, Thanks!
https://bitcointalk.org/index.php?topic=660696.0

Blockfolio  ~Bitcoin/Altcoin Portfolio App~ Charts & Price Alerts BCT thread
Download Now: Blockfolio App Twitter: @BlockfolioApp
msin
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July 25, 2014, 03:52:07 PM
 #1766

...These guys are about building the next big thing, not ROI for anonymous small time BTT investors. ... We are at peak hype for Ethereum, so sit back and enjoy the show.

LOL, oxymoron detected, this is all about ROI for the funding founders those shrewd x-Goldman Sachs investors, they just found same naive tech guys to front great innovation. I'll speculate much of that initial investment in the "IPO" is fueling the sell off of Bitcoin today. I bet they making a killing on Bitfinex today.

Shocked go Ethereum, way to milk bitcoin

Yes, what I said was ROI for BTT members, founders don't really see ROI, because they are building it, they just see profit.
LemonAndFries
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July 25, 2014, 04:00:47 PM
 #1767

...These guys are about building the next big thing, not ROI for anonymous small time BTT investors. ... We are at peak hype for Ethereum, so sit back and enjoy the show.

LOL, oxymoron detected, this is all about ROI for the funding founders those shrewd x-Goldman Sachs investors, they just found same naive tech guys to front great innovation. I'll speculate much of that initial investment in the "IPO" is fueling the sell off of Bitcoin today. I bet they making a killing on Bitfinex today.

Shocked go Ethereum, way to milk bitcoin

So essentially we are seeing a centralized crypto system being marketed as decentralized.
Adrian-x
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July 25, 2014, 06:46:30 PM
 #1768

...These guys are about building the next big thing, not ROI for anonymous small time BTT investors. ... We are at peak hype for Ethereum, so sit back and enjoy the show.

LOL, oxymoron detected, this is all about ROI for the funding founders those shrewd x-Goldman Sachs investors, they just found same naive tech guys to front great innovation. I'll speculate much of that initial investment in the "IPO" is fueling the sell off of Bitcoin today. I bet they making a killing on Bitfinex today.

Shocked go Ethereum, way to milk bitcoin

So essentially we are seeing a centralized crypto system being marketed as decentralized.
Well spotted, the profits are centralized the benefits open.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
dzarmush
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July 25, 2014, 10:38:27 PM
 #1769

...Goldman Sachs investors...

As far as I remember they only mentioned in their video that they have someone in their team who worked for Goldman Sachs. Maybe they were working as senior assistants of junior intern on trial period? I worked for several largest banks, Coca Cola, Pespi and Forbes but it doesn't mean they will invest in my currency or that I have any contacts on the highest level.

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July 25, 2014, 10:41:35 PM
 #1770

...Goldman Sachs investors...

As far as I remember they only mentioned in their video that they have someone in their team who worked for Goldman Sachs. Maybe they were working as senior assistants of junior intern on trial period? I worked for several largest banks, Coca Cola, Pespi and Forbes but it doesn't mean they will invest in my currency or that I have any contacts on the highest level.

Here you go, 8:10: "people who worked on Goldman Sachs" http://youtu.be/q5FDvzj8YX4?t=8m10s
It was enough for all those rumors about Goldman Sachs involvment. Some people just don't to use their heads.

Dr Charles
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July 26, 2014, 02:19:19 AM
 #1771

interested to see how this turns out

Adrian-x
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July 26, 2014, 05:41:45 AM
 #1772

interested to see how this turns out
These stupid investors will make a great example as to why we need the NY bit licence. 

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Everybody
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July 26, 2014, 08:54:20 AM
 #1773

Hello Ethereum Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your Ethereum investment (Price will currently default to the IPO price 0.0005 btc)  Hope you guys will check out the app and Good Luck to All!



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us Cheesy)
*Exclusive to Pro: *add unlimited coins, add Fiat Currency with price in btc, Precious Metals with price in btc, Notes Feature,and more coming soon!



Free Version (still awesome!)(10 coin limit)


Please check out our main post for additional info, Thanks!
https://bitcointalk.org/index.php?topic=660696.0


Good work! But for IOS  Shocked Huh
Dr Charles
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July 26, 2014, 12:04:23 PM
 #1774

interested to see how this turns out
These stupid investors will make a great example as to why we need the NY bit licence. 

what are you thinking will come out of it?

PocketCrypto
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July 26, 2014, 04:10:49 PM
 #1775

Hello Ethereum Community!

We've just released PocketCrypto, a new Cryptocurrency Management App that will allow you to easily manage your Ethereum investment (Price will currently default to the IPO price 0.0005 btc)  Hope you guys will check out the app and Good Luck to All!



Pro Version (super awesome!) (no ads) (earlier updates)(no coin limit) (just because you love us Cheesy)
*Exclusive to Pro: *add unlimited coins, add Fiat Currency with price in btc, Precious Metals with price in btc, Notes Feature,and more coming soon!



Free Version (still awesome!)(10 coin limit)


Please check out our main post for additional info, Thanks!
https://bitcointalk.org/index.php?topic=660696.0


Good work! But for IOS  Shocked Huh

Thank you! Smiley  We do have plans for IOS development, currently trying to raise some donations towards this project, if you would like to contribute there is a donation address in my signature, please send me a message so I can keep you updated on the development progress.  Thanks!

Blockfolio  ~Bitcoin/Altcoin Portfolio App~ Charts & Price Alerts BCT thread
Download Now: Blockfolio App Twitter: @BlockfolioApp
BetMoose
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July 26, 2014, 08:23:25 PM
 #1776

Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised....

So many people will get burned, it is really sad Sad

Well your math is off, but your point is still valid.

First of all, anyone who knows anything about fundraising knows that you can have well over 50% come in the first wave of fundraising. I'd say this IPO might get to 10k-12k BTC, but no way it is going to 50k or 100k.

However, there is going to be a glut of Ethereum on the market. It has the potential to be coin with a $10 million dollar cap day one with a 26% inflation. Wow. Then you have a community that has already all invested. Who are the buyers at launch?  This will set a precedent for IPOs in the future. It does have the potential of being an investment bloodbath.

It's no math but my own assumptions and my expectations. I am pretty sure we will pass 25-30k BTC mark and am even willing to bet on it for a smallish sum.

I will bet any amount your choose on that it doesn't exceed 25k. You name the amount and escrow and I am down.

Haha, now I should bet >25000 BTC and just invest on my own too Wink

I will try to find someone, I only want to bet 0.2 BTC or something like that, as I don't really care much about it! Will contact you if I succeed at finding someone!


i am also willing to take the other side of this bet with you (or anyone) for any amount up to 10btc

I suppose this is a pretty heated topic so we added a contract about this to our site:

___________Total Ether sold will exceed 25,000 BTC
Options: Yes | No

BetMoose.com - Wager on real world events. Profit from predicting the future. Create and share your own contracts.
LucyLovesCrypto
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July 26, 2014, 10:19:14 PM
 #1777

I think some people (developers, community members, etc) will buy ether not as an investment but because they want to see the technology succeed.

We have been discussing for a long time the numerous potential applications for blockchain technology. Ethereum will make this easier to realize (turing complete)

Frankly my biggest concern is about the security problems of the biggest strength of ethereum. Bitcoin chose not to become turing complete because of these concerns.

I hope ethereum succeeds, but the risks are many
R2-D2R2
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July 27, 2014, 02:13:17 AM
 #1778

Anyone remember ripple?

Ethereum is all based on assumptions  . Young dev , some team members leaving the project. Delays..

Investing in the ipo is equivalent to blindly throwing money into something which has not proved anything so far. Any btc thrown at it is equivalent to gambling.

DeV did not mention total number of Ethereum , tokens from what i have seen it looks unlimited. Which means its value in the future will inflate and go down.

Some of the people behind Ethereum are using that smart kid Vitality to reassure investors its  a safe bet.

In all honesty all IPO's are bad for crypto.



freedomno1
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July 27, 2014, 02:23:46 AM
 #1779


I suppose this is a pretty heated topic so we added a contract about this to our site:

___________Total Ether sold will exceed 25,000 BTC
Options: Yes | No

Nice one Betmoose
As they say put your money where your mouth is  Wink
Grinny
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July 27, 2014, 10:30:01 AM
 #1780

Anyone remember ripple?

Ethereum is all based on assumptions  . Young dev , some team members leaving the project. Delays..

Investing in the ipo is equivalent to blindly throwing money into something which has not proved anything so far. Any btc thrown at it is equivalent to gambling.

DeV did not mention total number of Ethereum , tokens from what i have seen it looks unlimited. Which means its value in the future will inflate and go down.

Some of the people behind Ethereum are using that smart kid Vitality to reassure investors its  a safe bet.

In all honesty all IPO's are bad for crypto.




.....remember Ripple?
You mean #3 of currently most traded coins according to coinmarketcap and be used by banks for transfering their funds?

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