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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1584803 times)
Herp
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January 27, 2014, 03:53:26 PM
 #501

this amount of premine and greed with Ethereum devs are of epic proportion. good luck to those "invest" in this.

They do have ex Goldman Sachs members on their team. Those guys are taught to "leave nothing on the table". This  IPO was created and structured by Goldman guys. This is why it leaves zero crumbs on the table for the average guy.

Current Goldman Sachs employees are involved. One of the founders acknowledges this fact at 8:08-8:12 in the video https://www.youtube.com/watch?v=q5FDvzj8YX4

If somebody would try to suggest that he say GS members "worked" in the team, then turn on the captions (cc button under the video in Youtube) and you'll see he says "work" in present tense....

They say they have team members that worked for Goldman Sachs, which means they are no longer working for Goldman but where schooled and trained there. That's my point. So of course this IPO is so savvy and cleverly structured to skin the sheep till last chunk of wool is cut and sheep is left in the cold, shaking and trembling butt naked.


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1508419443
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Gcr0n
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January 27, 2014, 03:54:38 PM
 #502


even if Rothschild himself was involved in this, with the support of Obama, you guys will always find something..
even a bag of dorito's are illuminati triangles..

what i would like to know without too much technical info is how a simple soul can get some of this without investing.

is it possible to use a cloud server?  this is cpu only?  i swear i've tried to read the whitepaper but it goes above my head..

people will only answer me if they know i'm a high lvl programmer or big investor.. so vitalik tell me how i can be part of this.

btc: 1MDQVRQLZe1Y6Vqa5krreHVkFj6fz8sXGd
xapo: 3NpqxQgQXe3HDW6BZNXn3XDvhWh7r3eyi2
LTC: LWs7EK5A8oQBMiGagJsgwgAA5o3ecWkTmY
Doge: D72wxwxjHJun6CiyibcvfZNV2HN7TFpCF3
jahwillprovide
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January 27, 2014, 03:55:33 PM
 #503

I was so impressed by Ethereum at BTC Miami! Ethereum is definitely the future.

WDC WmJNgaf6wnUaeMTCQCGiwG6auU1fAci3YW

https://mcxnow.com/account.html
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January 27, 2014, 03:57:42 PM
 #504

Vitalik is a 19 y.o. child - IQ is irrelevant here, he can be gamed very easily...

Bill Gates founded Micro$oft at 20. Say what you will about Microsoft and its collusion with power structures... Investing on day 1 might have been a good  move,  had you had the opportunity to do so... Which of the frontrunners in this space...Etherium, Mastercoin, NXT, Invictus... which are currency, smart property solutions, and which are distributed OS?
I have invested in all of them and I will invest in Ethereum too, only difference is I know I invest to Google or Microsoft here...

No anarcho/will change the world illusions!

Klee, would you mind saying ratios of your investing into Mastercoin, NXT, BitShares and Ethereum?

I have no agenda behind this other than to get another perspective for my own investing.
Hard to say ratios but I initially had about 350MSC, 30M NXT, 2222XCP and 200PTS (mined) - I will invest somewhere between 5-10btc in Ethereum.

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
ddink7
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January 27, 2014, 03:58:22 PM
 #505

There don't appear to be a lot of undecided people in this thread, so this post probably won't even get read, but here's what I think about the IPO:

Vitalik said they can make a go of it with only 500 BTC raised. If they raise more than that, they have plans on how they can use the money to further their ecosystem. However, there is absolutely no way they could ever spend more than 30,000 BTC, so they are capping the investment at that level.

There is a difference between asking for a certain amount of money ("This IPO needs to raise 500 BTC or we're calling it off") and CAPPING the amount of money that can be raised. Vitalik's target for the IPO is 500 BTC--which is $400,000 at today's exchange rate and implies a $600,000 market cap with the premine. Now if they raise more, they have plans on how they can spend it (bounties for a better PoW/PoS system, application writers to get a jump start on the ecosystem, etc.), but they don't actually need one penny more than the 500 BTC he has stated is a minimum.

With respect for the guy who used to work at Goldman Sachs, my first impression was "Good...GS doesn't hire idiots." I'd be happy if they had ex-NSA guys working on the cryptography, ex-Goldman Sachs or Chase guys working on the financial markets, ex-NYSE guys working on the automated exchanges...the key word in each case is "EX."

You should also probably remember that the ethereum guys were in Miami this weekend presenting to the heavy-hitters of the crypto world, which is likely why they haven't posted much in the last few days.

Dash - Digital Cash
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Netnox
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January 27, 2014, 04:12:43 PM
 #506

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.


Alright, you mentioned gpu not much advantage over cpu, but doesn't gpu have more hash rate thus more coins that will be mined?

Herp
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January 27, 2014, 04:13:17 PM
 #507


With respect for the guy who used to work at Goldman Sachs, my first impression was "Good...GS doesn't hire idiots." I'd be happy if they had ex-NSA guys working on the cryptography, ex-Goldman Sachs or Chase guys working on the financial markets, ex-NYSE guys working on the automated exchanges...the key word in each case is "EX."

You should also probably remember that the ethereum guys were in Miami this weekend presenting to the heavy-hitters of the crypto world, which is likely why they haven't posted much in the last few days.

No one's saying Goldman hires idiots but they're not exactly big on caring for their clients either. They were well trained to skin the customers (sheep aka muppets) and make money for Goldman. http://www.theguardian.com/business/2012/oct/22/goldman-sachs-muppets-greg-smith-clients

p.s: Why you have such poor posting history? You've only started to post in this thread?


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msin
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January 27, 2014, 04:18:14 PM
 #508

There don't appear to be a lot of undecided people in this thread, so this post probably won't even get read, but here's what I think about the IPO:

Vitalik said they can make a go of it with only 500 BTC raised. If they raise more than that, they have plans on how they can use the money to further their ecosystem. However, there is absolutely no way they could ever spend more than 30,000 BTC, so they are capping the investment at that level.

There is a difference between asking for a certain amount of money ("This IPO needs to raise 500 BTC or we're calling it off") and CAPPING the amount of money that can be raised. Vitalik's target for the IPO is 500 BTC--which is $400,000 at today's exchange rate and implies a $600,000 market cap with the premine. Now if they raise more, they have plans on how they can spend it (bounties for a better PoW/PoS system, application writers to get a jump start on the ecosystem, etc.), but they don't actually need one penny more than the 500 BTC he has stated is a minimum.

With respect for the guy who used to work at Goldman Sachs, my first impression was "Good...GS doesn't hire idiots." I'd be happy if they had ex-NSA guys working on the cryptography, ex-Goldman Sachs or Chase guys working on the financial markets, ex-NYSE guys working on the automated exchanges...the key word in each case is "EX."

You should also probably remember that the ethereum guys were in Miami this weekend presenting to the heavy-hitters of the crypto world, which is likely why they haven't posted much in the last few days.

Only 500BTC, bless their hearts they can get by on such little money.  Wink
lonsharim
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January 27, 2014, 04:24:04 PM
 #509

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.


Alright, you mentioned gpu not much advantage over cpu, but doesn't gpu have more hash rate thus more coins that will be mined?

http://wiki.ethereum.org/index.php/Dagger

I don't know how much a significant advantage gpu will give over cpu. The devs of this project want to ensure that mining hardware does not get centralized so that only people with deep pockets can invest in ASIC hardware. They predict that CPU mining will still be possible with this and specialized hardware will be impractical.

tifozi
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January 27, 2014, 04:24:41 PM
 #510

In for one  Grin
turtoro
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January 27, 2014, 04:27:51 PM
 #511

In for one  Grin

Theres been about 9 posters similar to this guy (newbie saying they are "in Grin") on this thread. This kind of marketing is not necessary. Lets have a more technical discussion please
KoinMaster
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January 27, 2014, 04:29:10 PM
 #512

In for one  Grin

Theres been about 9 posters similar to this guy (newbie saying they are "in Grin") on this thread. This kind of marketing is not necessary. Lets have a more technical discussion please

This is the classic pump strategy...


 
 
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turtoro
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January 27, 2014, 04:33:57 PM
 #513

In for one  Grin

Theres been about 9 posters similar to this guy (newbie saying they are "in Grin") on this thread. This kind of marketing is not necessary. Lets have a more technical discussion please

This is the classic pump strategy...

relax. its just a mere irritant. dont go off the deep end and call it a p/d, all things considered its clearly not.
Chida
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January 27, 2014, 04:35:52 PM
 #514

Good luck
Chris001
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January 27, 2014, 04:44:36 PM
 #515

If I have .1 BTC to invest, will I be able to invest that small of an amount?

https://bitcointalk.org/index.php?action=trust;u=186785
Here is the link to my trust settings here on forum. This trust system is very unfair. I make good on every deal Ive ever made. I had many, many deals as you can see and I never scammed anyone. All it takes is a random account to give you negative trust and youre screwed. Tomatocage has never even talked to me ever but when the random acct hit me with negative trust, Tomatocage came right behind him and marked neg trust again so obviously he was the one who did it. You can look at Tomatocage trust and see how many of his compeditors at the currency exchange thread he labeled scammers. I never scammed anyone. My trust was green over 20 before this. I hope it never happens to you because the mods cant help you.
lonsharim
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January 27, 2014, 04:48:05 PM
 #516

If I have .1 BTC to invest, will I be able to invest that small of an amount?

Yep

Lowest is 0.01 BTC
ddink7
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January 27, 2014, 04:56:03 PM
 #517

Lets have a more technical discussion please

I agree. I keep coming back to this thread *hoping* to see an actual discussion on the technical merits, challenges, and risks, but the trolls only want to talk about the IPO funding.

The good news about this thread is that it's helping me build my ignore list rather rapidly =)

Dash - Digital Cash
https://www.dash.org/
Herp
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January 27, 2014, 05:05:27 PM
 #518

Lets have a more technical discussion please

I agree. I keep coming back to this thread *hoping* to see an actual discussion on the technical merits, challenges, and risks, but the trolls only want to talk about the IPO funding.

The good news about this thread is that it's helping me build my ignore list rather rapidly =)

14 posts? Ffs. All in this thread? Did you make an account just for this thread? Who's the troll here?


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nesco1805
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January 27, 2014, 05:08:02 PM
 #519

There don't appear to be a lot of undecided people in this thread, so this post probably won't even get read, but here's what I think about the IPO:

Vitalik said they can make a go of it with only 500 BTC raised. If they raise more than that, they have plans on how they can use the money to further their ecosystem. However, there is absolutely no way they could ever spend more than 30,000 BTC, so they are capping the investment at that level.

There is a difference between asking for a certain amount of money ("This IPO needs to raise 500 BTC or we're calling it off") and CAPPING the amount of money that can be raised. Vitalik's target for the IPO is 500 BTC--which is $400,000 at today's exchange rate and implies a $600,000 market cap with the premine. Now if they raise more, they have plans on how they can spend it (bounties for a better PoW/PoS system, application writers to get a jump start on the ecosystem, etc.), but they don't actually need one penny more than the 500 BTC he has stated is a minimum.

With respect for the guy who used to work at Goldman Sachs, my first impression was "Good...GS doesn't hire idiots." I'd be happy if they had ex-NSA guys working on the cryptography, ex-Goldman Sachs or Chase guys working on the financial markets, ex-NYSE guys working on the automated exchanges...the key word in each case is "EX."


No it's not. You've just made up the "EX" part.

Other than I completely agree with you - It is REALLY encouraging knowing that some non-idiots are working on 30,000 BTC project.
What more could we ask for!!!

Here everyone.
We have EX Goldman Sachs, non-idiot types. Give us all your money, you know it's all good.
Besides we also have 19yr genius, and you know in your heart that his motives are scientific and pure.

What better recommendations do you want?
Do you want to be left out when he finds holy crypto grail? OFC NOT

PS
[sorry for sarcasm, I know its not the best form]
ddink7
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January 27, 2014, 05:11:27 PM
 #520

Lets have a more technical discussion please

I agree. I keep coming back to this thread *hoping* to see an actual discussion on the technical merits, challenges, and risks, but the trolls only want to talk about the IPO funding.

The good news about this thread is that it's helping me build my ignore list rather rapidly =)

14 posts? Ffs. All in this thread? Did you make an account just for this thread? Who's the troll here?

This thread and the middlecoin thread are the only ones I'm interested in. /shrug

P.S. You HAVE heard of lurking, haven't you? I'm much more active over here: https://litecointalk.org/index.php?action=profile;area=showposts;u=19254

Dash - Digital Cash
https://www.dash.org/
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