[ANN] Ethereum: Welcome to the Beginning

[SyRenity]

Can we keep on topic please?

Sure, I just personally find it funny how so many NXT holders keep attacking any potential competition, by making example of their own "ideal" IPO every time.

[1714241982]

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[Stark-Fujikawa]

Good to have a concrete date, price per unit still feels high intuitively but we'll see.

[td services]

There was NO valuation prior to the Genesis Block.

Once the NXT's distributed, they were immediately traded on 1BTC / 1M rates, with a x47 multiplier for these who invested 1 BTC, that just kept pushing the price further within a very short amount of time, without any actual innovative features provided by Nxt.

Here at least we have a predictable ROI for everyone.

How can there be a multiplier if there was NO prior valuation?  0.000001 NXT/BTC was the first market rate.

When NXT was first offered for sale at a price for .000001 BTC, the cost of goods sold was 0.000000021 BTC/NXT. This is a 4762% markup over the original purchase price. The fact that no price per NXT was announced during the pre-sale has no bearing on what the original cost was of what was being resold.

+1, exactly what I was about to say.

This valuation jump (caused by artificial shortage, created by the abrupt fundraiser ending) is exactly what caused every investor and his dog to be in panic they are missing "the next BTC" train, and subsequently driven the the valuations to where we see them at this point, without any actual tangible proof of value up to this very moment, and without any clear indication it will hold once Ethereum or any other competing platform enters the market.

The donations dropped off and most people were calling scam. Lets assume it went till Jan 3rd a few more dozen people decided to throw some btc in. The results would have been the EXACT SAME. 150 people might as well be 73. The difference is, Nxt would be 2 months behind on development, promotion, community building, etc. It's a null argument. And really all of this is based on hindsight. Clearly we can see NOW that Nxt is worth something. At the time there was no way to tell if it was a scam, if it would end at one new feature, if the proposed features would be fatally broken or dysfunctional. It just so happens that its doing everything right and everybody wants a piece. It's just a completely fallacious argument that you're making.

So if they wanted to end early, why not make an announcement that the presale will be ending early, so if anyone wants to invest, they need to do so by the specified new deadline, a day or two later, maybe? There was no reason to abruptly end the sale with no advance warning, other than they wanted to make sure that no new investment would come in to dilute existing positions.

Sorry if this seems off-topic in this thread, but as SyRenity points out, NXT keeps being promoted as an example distribution where everyone who wanted to was allowed to invest in the pre-sale, while complaining about Ethereum and Mastercoin, and this is clearly not the case based on evidence existing in the forums.

It highlights the importance of clearly stating the terms of an offering and either sticking to those terms or giving plenty of advance warning if changes are to be made.

[td services]

I'd kinda dropped the issue because it doesn't really matter to current NXT investors whether or not I was included in the presale, other than it may reflect on the character of the founders on how it was handled. It is really in my best interests for money to stay in or flow to NXT instead of going into Ethereum, where it would dilute my planned investment. Other than the way the presale was handled, NXT seems like a good investment. It just pushes my hot button, though, when the NXT presale issue comes up in these other threads.

[BittBurger]

Any comments from the Miami Conference Ethereum unveiling?

-B-

[Herp]

I'm gonna ask a very simple question here.

If I get into this IPO on 1st week, how long do I have to wait until I'll be able to sell this on some exchange?

[BitcoinStacker]

This is awsome!!!!!!!

[ThePatient]

I'm gonna ask a very simple question here.

If I get into this IPO on 1st week, how long do I have to wait until I'll be able to sell this on some exchange?

Investors shares aren't timelocked at all. So I'm assuming that as soon as an exchange accepts them, you can sell them

[Herp]

I'm gonna ask a very simple question here.

If I get into this IPO on 1st week, how long do I have to wait until I'll be able to sell this on some exchange?

Investors shares aren't timelocked at all. So I'm assuming that as soon as an exchange accepts them, you can sell them

Mastercoins had to wait quite a while for an exchange to become available due to implementation difficulties because of the nature of the beast.

I assume we can expect same thing to happen with Ethereum, which means months of high risk forum trading only.

[KJO]

F the reptilians.

[Chang Hum]

disgusting!!

[msin]

I'd kinda dropped the issue because it doesn't really matter to current NXT investors whether or not I was included in the presale, other than it may reflect on the character of the founders on how it was handled. It is really in my best interests for money to stay in or flow to NXT instead of going into Ethereum, where it would dilute my planned investment. Other than the way the presale was handled, NXT seems like a good investment. It just pushes my hot button, though, when the NXT presale issue comes up in these other threads.

Everyone's going to invest in Ether and everyone will have a miniscule share. 

[greentea]

why do you need to premine 50% .. why can't your team just buy-in like everyone else, or accept a more reasonable premine of 1-2%? 

Please explain how you came up with 50% in detail?

Since you are asking for money, you should really only do one or the other. 

and is this right inflation of .4X per year?  is that 40% every year? 
where did this number come from and please explain? 

This along with the 50% premine really dilutes everyone's buyin right from the start...

[tk808]

why do you need to premine 50% .. why can't your team just buy-in like everyone else, or accept a more reasonable premine of 1-2%? 

Please explain how you came up with 50% in detail?

Since you are asking for money, you should really only do one or the other. 

and is this right inflation of .4X per year?  is that 40% every year? 
where did this number come from and please explain? 

This along with the 50% premine really dilutes everyone's buyin right from the start...

Ethereum is bullshit. Money hungry whores. Invest 10 btc and get 20,000 ethereum. And that is absolutely peanuts, on top of that, it will degrade in value as their 40% inflation kicks in.

If you are investing in ETH, do not expect to make a ROI

[Brilliantrocket]

I'm gonna ask a very simple question here.

If I get into this IPO on 1st week, how long do I have to wait until I'll be able to sell this on some exchange?

Investors shares aren't timelocked at all. So I'm assuming that as soon as an exchange accepts them, you can sell them

You will be unable to trade Ethereum until mining starts in several months.

[ThePatient]

http://www.reddit.com/r/ethereum/comments/1w94np/the_price_doesnt_matter_only_the_percentage_that/

[gutshot5820]

This thread is such a joke.  You have the EXACT three or four guys repeating over and over again what a great product it is and attacking and demoralizing anyone who has a negative opinion about it.  Go to just about any forum thats sells products and you see the same pattern.  Three or four shills pumping up the product throughout the entire thread making it seem like the entire community thinks it is awesome.  This crowdfundraising is a total scam job.  Who in their right mind gives 30,000 in untraceable bitcoins to a bunch of total strangers that refuse to file the proper paperwork that is required when crowdfundraising.  This legally required fundraising is designed to provide transparency and protect people against fraud.  This is not your average coin launch that does a percentage of pre-mine for advertising.  They lost their right of anonymity as small time devs just casually creating coins when they asked for 36 million dollars from the public. When you ask for that kind of cash, you MUST file the proper paperwork.

They are asking YOU and the entire bitcoin community to TRUST them and GIVE them 30,000 BTC before launch and make them millions before one coin is mined with absolutely no documentation, no insurance, no bond, no transparency, no regulatory filings.  Do not let them deceive you.  This is not just another coin launch.  When you ask for this type of money, you MUST file the proper paperwork and background checks.  Who are these guys?  ONE youtube video and they are asking for 30,000 BTC.  Let them earn their money like every other dev, mine a small part and let the market decide how much the coins should be worth. Even if you like the tech DO NOT enable this kind of behaviour and let these fukin devs take advantage of the bitcoin community.  They want to be millionaires with YOUR money before even launching.  They want YOU to take ALL the risk while they become millionaires with ZERO risk.    They will be laughing all the way to the bank in their new Lamborghinis and Homes, while you are nervous about your money the entire time.  They have no sweat equity or money in of their own in this project.  Does this seem right to you?

[gutshot5820]

why do you need to premine 50% .. why can't your team just buy-in like everyone else, or accept a more reasonable premine of 1-2%? 

Please explain how you came up with 50% in detail?

Since you are asking for money, you should really only do one or the other. 

and is this right inflation of .4X per year?  is that 40% every year? 
where did this number come from and please explain? 

This along with the 50% premine really dilutes everyone's buyin right from the start...

Dont buyin to the pre-sale from the start.  Buy aftermarket when they dump.  This is way overpriced to begin with.  They are creating an artificial price on pre-sale because they are greedy and want to get paid before the launch.  If you like the tech buy after market.  Do not enable this type of greedy behaviour.

[ddink7]

http://www.reddit.com/r/ethereum/comments/1w94np/the_price_doesnt_matter_only_the_percentage_that/

If your friend lets you have half his pizza, does it matter if the pizza is cut into four slices, or eight, or sixteen, or a hundred? As long as you get a set percentage of the pie (half), then who cares how many individual units its divided into?

[_ingsoc]

The community is obviously very divided about many of the issues raised. Some of the concerns are rational and others not so much. In any case, when they get to breathe after the Miami conference, it'd be good to see what kind of response we get.