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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1254353 times)
Herp
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January 27, 2014, 10:55:53 PM
 #561

Off-topic, but I find it funny how every time that eMunie is mentioned in any topic, the Nxt "knights" immediately jump in to bash it.

I still trying to figure out if it's because you have 100% facts that it's a scam to relieve all of us from our precious coins, or it just because it supposed to provide all 2nd gen capabilities from day one on a mature and well tested platform, which Nxt only plans to add sometime in future, and may well crash Nxt valuation back to December levels? Smiley


Also, didn't we all agreed couple of pages ago to focus on Ethereum in this thread?

I'm a heavy supporter of NXT, i'm a supporter of eMunie. eMunie is tech advancement, that has a lot of hard work into it.

When it comes to Ethereum though, i have no bias towards the tech advancements or features...etc.

What i have a problem with is the greedy cunts behind this project. And for that reason, this coin will not be a huge success. IPO valuation is not from this planet, public relations are non-existant and the reliance on puppets for propaganda is very high.

50% of the good talk towards eth on this thread has been from paid promoters. 30,000 btc is at stake, of course they are going to fake the hype with this shit.

the other 50% of people believe in the technology have 20 btc to spare in this, and the rest are just brainwashed by the bullshit, believing they are going to make a ROI. There is no ROI to be made by funding the IPO.

Instead take your BTC, buy a rig and get ready to mine this shit like every alt on day 1.


Just found out this about eMunie "Coupled with a built in self regulating supply and demand model, eMunie strives to be an actual currency instead of a commodity by encouraging spending instead of hoarding. "http://wiki.emunie.com/index.php/Main_Page


So f.. that. Thanks but no thanks!


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January 27, 2014, 11:34:50 PM
 #562

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?

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
mumung
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January 27, 2014, 11:39:11 PM
 #563

seems like emunie is the only fundraising coin that is doing it right, whether you like them or not.

Months of public beta testing before the IPO as well as the founders themselves having to buy-in with no premine ... I wonder why they're not claiming they need to get paid for their work.  They seem to believe in their product more than the ether team does in theirs.

You have to respect that.

+1 eMunie is the true second generation coin

oh well .... *so sad*
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January 27, 2014, 11:43:49 PM
 #564

This thread is such a joke. 

your contributing quite a lot  to make it  the joke it is.
gutshot5820
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January 27, 2014, 11:58:40 PM
 #565

This thread is such a joke.

your contributing quite a lot  to make it  the joke it is.

That's because it is absolutely hilarious.  If I didnt see it for myself I wouldnt believe it.  One slick youtube ad and they want 30,000 Bitcoin from the BTC community.  The vapor tech may eventually be awesome, but by the time they launch, I GUARANTEE you there will be another coin that will tout better and more ingenious tech.  You want to give a bunch of strangers 30,000  BTC of your own money out of your pocket?  No venture capitalist in their right mind would touch this thing.  Not only will your shares dilute but you will be sadly mistaken if you think it wont be cloned and improved upon in one week.

They have a few guys that work/worked for Goldman Sachs on their team, is it any wonder that they are asking for 30,000 Bitcoin with no background checks, no insurance, no bonds, nothing.  They think the entire bitcoin community is so pumped on this crypto pump that they think we are a bunch of idiots willing to give them a truckload of money without any DUE DILIGENCE.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
HinnomTX
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January 28, 2014, 12:07:44 AM
 #566

<snip>
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. <snip>
+1
They need to have a small pre-mine for funding, then let the market decide the merchantability of the platform. This aligns their interests with ours. I want the developers to be hungry to succeed for the long haul.
The way the launch is structured, crafted by ex-GS banksters, should alert everyone that we are reaching peak greed and are being played for fools vis a vis the Nasdaq in 1999.  Don't be a desperate investor here. You are not gaining any insider advantage by investing at this time. I am certain there will be opportunities after launch to put money to work more efficiently than at IPO time.
 
 

 

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
gutshot5820
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January 28, 2014, 12:11:34 AM
 #567

These same guys that bashes anyone that has a negative stance on their greed, keeps steering away the conversation to the tech.  If you like the tech, buy it aftermarket.  Let these Goldman Sachs advised guys make their money the same way as everyone else, launch it, mine and let the public decide how much it will be worth.  If we as a community are stupid enough to give these guys 30,000 bitcoin then guess what will happen?

A herd of new ingenious, I have the best tech entities advised by wall street guys will come out with marketing videos and EVERY coin will want 36 million to launch plus 50% pre-mine. If we give these greedy wall street guys 30,000 btc and 50% pre-mine it will set a new precedent.  Wall street guys, Goldman Sachs will introuce a new coin every week demanding more and more and the miners and bitcoin community will get churned and burned.  I guarantee you this.  This is just the beginning.  Dont let them take over the crypto coin community with their  greed.  If you pay them 30,000 bitcoin and give them 50% pre-mine you are enabling them and giving them more incentive to take over the crypto community.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
SyRenity
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January 28, 2014, 12:18:18 AM
 #568

          +1
          They need to have a small pre-mine for funding, then let the market decide the merchantability of the platform. This aligns their interests with ours. I want the developers to be hungry to succeed for the long haul.
          The way the launch is structured, crafted by ex-GS banksters, should alert everyone that we are reaching peak greed and are being played for fools vis a vis the Nasdaq in 1999.  Don't be a desperate investor here. You are not gaining any insider advantage by investing at this time. I am certain there will opportunities after launch to put money to work more efficiently than at IPO time.

          I must say I'm starting to lean towards this opinion. While the potential of Turing compete blockchain is enormous, the purposed IPO is a direct contrast to how other 2nd gen cryptos have launched:

          • MasterCoin - JR put 1500 of his own BTC (granted it was into his own address, but he donated them in exchange for MSC, which could be worthless for all we know)
          • Nxt - despite the suddenly cut IPO and questionable inflation following, the founder both donated himself and asked for a small and reasonable sum to start with
          • XCP - the devs went as far as being the first to burn their own BTC (without any promise someone will follow), and never tried to actually raise funds directly, besides donations address

          I don't really know how eMu conducted to this point in time, but it's pretty obvious they haven't requested ton of funding upfront, otherwise it would be hailed across all topics as yet another proof of their "scammy" nature.

          Hope the devs come with an improved proposal for their both and the community, before the launch.[/list][/list]
          gutshot5820
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          January 28, 2014, 12:34:38 AM
           #569

          If the bitcoin community gives these wall street advised Ethereum 30,000 bitcoin and 50% pre-mine it will be game over for the miners and small investors in the crypto community.  Every coin launch will be backed and advised by people from Goldman Sachs, it will be 30,000+ bitcoin and 50% pre-mine on every launch.  This coin will set a precedent and signal to Goldman Sachs and their friends that they can exploit the bitcoin community with a slick video.

          Ethereum: Welcome to the Beginning - Yes it will be the beginning.  The beginning of the end for miners and crypto investors.  Do not enable this type of greed into the bitcoin community.  You will destroy everything you have worked for by signaling to these type of people that we can be taken advantage of.

          Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
          HinnomTX
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          January 28, 2014, 12:38:00 AM
           #570

          A herd of new ingenious, I have the best tech entities advised by wall street guys will come out with marketing videos and EVERY coin will want 36 million to launch plus 50% pre-mine. If we give these greedy wall street guys 30,000 btc and 50% pre-mine it will set a new precedent.  Wall street guys, Goldman Sachs will introuce a new coin every week demanding more and more and the miners and bitcoin community will get churned and burned.  I guarantee you this.  This is just the beginning.  Dont let them take over the crypto coin community with their  greed.  If you pay them 30,000 bitcoin and give them 50% pre-mine you are enabling them and giving them more incentive to take over the crypto community.
          +1 again.
          This precedent that you have noted is potentially a devastating threat to the crypto world. If this launch happens as-is, the wall street guys will be emboldened to launch ever bigger crypto ideas in a completely unregulated setting. Think Neon or VisaCoin scams hurt the community? Child's play.
          As a sobering reminder of dotcom times, I give you the stuff of legends: Agillion.
          http://www.bizjournals.com/austin/stories/2003/04/14/daily48.html?page=all

          "One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
          Dash is Digital Cash.  https://www.dash.org
          SyRenity
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          January 28, 2014, 12:49:40 AM
           #571

          Not to mention we know nothing of these people and how much they have contributed or will contribute to the project. If you tried to sell a Series A to a VC firm and mentioned that 1/3 of the funds raised would go to paying off not only the founders but also all of the employees so they could all be millionaires, I don't think it would go well.

          I gather you would need an adoption of Groupon scale to pull off such trick, and unfortunately Ethereum is nowhere there.
          lemfuture
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          January 28, 2014, 12:58:34 AM
           #572

          This thread is such a joke.

          your contributing quite a lot  to make it  the joke it is.

          That's because it is absolutely hilarious.  If I didnt see it for myself I wouldnt believe it.  One slick youtube ad and they want 30,000 Bitcoin from the BTC community.  The vapor tech may eventually be awesome, but by the time they launch, I GUARANTEE you there will be another coin that will tout better and more ingenious tech.  You want to give a bunch of strangers 30,000  BTC of your own money out of your pocket?  No venture capitalist in their right mind would touch this thing.  Not only will your shares dilute but you will be sadly mistaken if you think it wont be cloned and improved upon in one week.

          They have a few guys that work/worked for Goldman Sachs on their team, is it any wonder that they are asking for 30,000 Bitcoin with no background checks, no insurance, no bonds, nothing.  They think the entire bitcoin community is so pumped on this crypto pump that they think we are a bunch of idiots willing to give them a truckload of money without any DUE DILIGENCE.
          after reading this. . . suddenly made me realize.. satoshi/btc didnt had ipos like these 2nd cryptocoincurrencies.. it was design out of noble work.. and the community gave it a value
          im out of ipo etherium.. ill just try to mine it

          hahaha
          Brilliantrocket
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          January 28, 2014, 12:59:37 AM
           #573

          Ethereum seems like an interesting idea, which kind of makes me sad that it has such a horrible IPO structure. Far too high of a premine, too much inflation, too small of a stake for anyone investing in the IPO. The devs should not be given such a large stake. If they believe in Ethereum, they need to be investing their own BTC on equal terms with regular investors. Fixing this would require lowering the IPO cap, along with the inflation from mining. Otherwise, what's the point of investing when you can just invest in mining hardware with much less risk?
          TooDumbForBitcoin
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          January 28, 2014, 01:02:38 AM
           #574

          Quote
          This coin tries to do so much stuff at the same time.

          This won't work well.

          It's a floor wax AND a dessert topping!

          I put Satoshi on "ignore".
          gutshot5820
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          January 28, 2014, 01:07:25 AM
           #575

          Ethereum seems like an interesting idea, which kind of makes me sad that it has such a horrible IPO structure. Far too high of a premine, too much inflation, too small of a stake for anyone investing in the IPO. The devs should not be given such a large stake. If they believe in Ethereum, they need to be investing their own BTC on equal terms with regular investors. Fixing this would require lowering the IPO cap, along with the inflation from mining. Otherwise, what's the point of investing when you can just invest in mining hardware with much less risk?

          Exactly, let the market decide what it is worth based on its own merits.  Is it any wonder how this is the first coin with a slick video and asking for 30,000 bitcoin plus 50% mine plus huge salary?  They have a few guys on their team that work/worked for Goldman Sachs.  If the bitcoin community supports this type of action. it will be the beginning of the end for all the miners and crypto investors.  You will only be hurting yourself in the long run by supporting and signaling to every Goldman Sachs, wall street guy that the bitcoin community is willing to support this type of launch.

          Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
          td services
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          January 28, 2014, 01:21:57 AM
           #576

          This thread has really deteriorated. Lesson learned - always self moderate when making any proposal on Bitcointalk!
          tk808
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          January 28, 2014, 01:27:43 AM
           #577

          This thread has really deteriorated. Lesson learned - always self moderate when making any proposal on Bitcointalk!

          Just shows the level of incompetence of their public relations team. Whenever you ask for 30,000btc, you better have an air tight reason why, otherwise, piss off.

          doitnow
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          January 28, 2014, 01:32:09 AM
           #578

          This thread has really deteriorated. Lesson learned - always self moderate when making any proposal on Bitcointalk!
          I'm glad that those things were brought up in this thread. Too bad for ethereum itself.. The whole project may be ruined because of bad IPO. VB should reconsider this fundraising plan and start over again.

          BTW I haven't seen any of the ether devs clarifying ppl concerns .Did they suddenly gave up on this thread?
          Brilliantrocket
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          January 28, 2014, 01:38:59 AM
           #579

          I really think they should delay the IPO and reevaluate. It's clear that a significant portion of the community has issues with the current structure.
          ThePatient
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          January 28, 2014, 01:44:39 AM
           #580

          I really think they should delay the IPO and reevaluate. It's clear that a significant portion of the community has issues with the current structure.

          Definitely. I doubt they will though because they probably spoke of this structure at the miami conference, and so don't want to go back on that.

          But the thing is, I bet a lot of people would invest if this distribution was different. The technology really does seem like crypto 2.0....but that greed, good god....

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