[ANN] Ethereum: Welcome to the Beginning

[Netnox]

Will this coin be cpu or gpu mined?

Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

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[nesco1805]

@lonsharim
OK now I understand. /corners away

How about

• Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
• After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners

Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

[Alphi]

Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

from what I gather most of the premined coins go to the IPO investors depending on how many BTC are invested ofcourse.

I just read the white paper and im quite fascinated by these new developments..

especially multi way contracts and savings wallets where more than one key holder is required before x amount can be spent. That is a real game changer for those people who are not tech savvy enough to protect their funds properly.

[lonsharim]

Will this coin be cpu or gpu mined?

Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

1. Mining is slated to start after the completion of 2 months from 1st Feb, so the earliest date is 1st April
2. You and I are not fiduciary members. Fiduciary members in this case are the 4 founders, early stakeholders and partners, not even those that receive remuneration/bounties in ETH for being part of the project.

[lonsharim]

@lonsharim
OK now I understand. /corners away

How about

• Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
• After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners

Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

Investors are not early stakeholders. Investors own no part of 0.50 * X, we can potentially own a fraction of X as investors.

Early stakeholders could be any person or institution who contribute in any form useful to the project other than in BTC. We will know more when they disclose more information. They have already mentioned that they are partnering with Krypokit and Hive, it has not been made clear if Hive for instance will receive some ether in return but I am assuming they will. There is no free lunch after all.

[turtoro]

Will this coin be cpu or gpu mined?

Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

Google what "fiduciary member" is and youll see that you are not one and the restrictions dont apply to you. Jesus Christ people. I think some need to work on your reading comprehension. As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.

[lonsharim]

As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.

+1

I am fast reaching the point where I see no need to correct this misinformation, some of which is clearly deliberate.

[BitcoinForumator]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

[lonsharim]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

[nesco1805]

Sooooo...............


For every $2 we invest, there is 1$ of fixed onetime inflation + 40% yearly inflation

Right or wrong ^^

[BitcoinForumator]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

[lonsharim]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

I agree

There is the much derided prospectus to be released on 1st Feb. I will look for any new information on there and also their official website.

[turtoro]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way.

[Chris001]

is there a minimum I can invest?

[lonsharim]

is there a minimum I can invest?

I think the minimum is 0.01 BTC

[_ingsoc]

[ZBBBB]

+1. 9 million questions asked, 0 answered. Speculations running wild.

[turtoro]

+1. 9 million questions asked, 0 answered. Speculations running wild.

They were at the conference in miami over the weekend.

[BitcoinForumator]

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way.

It's not just important. It's essential.

Who could consider investing without it? Is this kindergarten?

The fact there are no numbers is alarming. Even if there are none right now, it should be mentioned on the front-first page as to when they're going to be available.

Transparency! BEFORE the IPO.

[ZBBBB]

Yea I know. I'm just saying both sides of the isle are getting all worked up before giving them a chance to even respond.