Bitcoin Forum
October 21, 2017, 07:45:50 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 780 »
  Print  
Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1590558 times)
snowboard789
Hero Member
*****
Offline Offline

Activity: 552


View Profile
January 28, 2014, 12:47:45 PM
 #621

all i have to say is that this is wrong in any financial theory possible, that is investing tons of money to something that is still an idea with people that say they will commit and without any contract.

to be honest i wouldn't even try to code a single line, if one white paper brings me $2-3m.

its insane. if u invest you admit that right now you think this idea costs $24m + 50% of what it will worth in the future.

venture capitalists in the states do rounds of investments and no company ever before took that much money to build something from an abstract idea.

this is not funding to fund developers needs (im also a developer). 1k BTC should be enough to fund all of these needs without the premine and pr costs for a year.
even the best google programmers don't get more than 200k/year, and i doubt this is the absolute dream team of programmers in the world.

get serious.
1508615150
Hero Member
*
Offline Offline

Posts: 1508615150

View Profile Personal Message (Offline)

Ignore
1508615150
Reply with quote  #2

1508615150
Report to moderator
1508615150
Hero Member
*
Offline Offline

Posts: 1508615150

View Profile Personal Message (Offline)

Ignore
1508615150
Reply with quote  #2

1508615150
Report to moderator
1508615150
Hero Member
*
Offline Offline

Posts: 1508615150

View Profile Personal Message (Offline)

Ignore
1508615150
Reply with quote  #2

1508615150
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508615150
Hero Member
*
Offline Offline

Posts: 1508615150

View Profile Personal Message (Offline)

Ignore
1508615150
Reply with quote  #2

1508615150
Report to moderator
1508615150
Hero Member
*
Offline Offline

Posts: 1508615150

View Profile Personal Message (Offline)

Ignore
1508615150
Reply with quote  #2

1508615150
Report to moderator
KoinMaster
Sr. Member
****
Offline Offline

Activity: 323


View Profile
January 28, 2014, 12:59:36 PM
 #622

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

We should ask and let them answer. We should give them a chance to corrects these mistakes by changing(even cancelling) the IPO terms and the 50% premine (to 1%). Also we demand PoW before investing.


 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
domob
Legendary
*
Offline Offline

Activity: 982


View Profile WWW
January 28, 2014, 01:17:16 PM
 #623

its insane. if u invest you admit that right now you think this idea costs $24m + 50% of what it will worth in the future.

venture capitalists in the states do rounds of investments and no company ever before took that much money to build something from an abstract idea.

this is not funding to fund developers needs (im also a developer). 1k BTC should be enough to fund all of these needs without the premine and pr costs for a year.
even the best google programmers don't get more than 200k/year, and i doubt this is the absolute dream team of programmers in the world.

get serious.
While I understand your points and share some criticism and concerns (I myself decided to probably invest less than initially planned on the IPO), I don't get why everyone seems to be so fixed on the 30k BTC.  Vitalik mentioned that they would be happy and able to finish development with 500 BTC (less than your 1k estimate), and the 30k is just an upper bound on the fundraiser.  Thus, they limit the maximal amount taken in!  (Which is exactly what many here seem to miss.)  Although, I have to admit that if they get so much funding, then they are really obliged to deliver a very good product in the end.

Also, what I don't quite get is why here's so much criticism, while I don't recall the same for Mastercoin (they got 5k BTC, remember?).  They as well as Invictus also still have to live up to their promises of a distributed exchange / DACs, as far as I know, and no one complains about the money they made.  So what's the thing here?  After all, it is each one's own decision to invest or not invest, and I have to admit that I find the idea behind Ethereum much more promising than those others.

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
freedomfighter
Full Member
***
Offline Offline

Activity: 210


View Profile
January 28, 2014, 01:47:42 PM
 #624

It all about the initial valuation. a $24M valuation after the money at this stage is way way high.

if 500BTC is a good start for a concept than should try to raise even 3000 BTC during the founding round and reduce the initial rate to 1BTC=10000 ETH instead of 1000 and with no bonus and have a great start with a 2.4M pre-seed fund. The $24M approach makes no sense.   
canth
Legendary
*
Offline Offline

Activity: 1442



View Profile
January 28, 2014, 02:00:45 PM
 #625

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

turtoro
Sr. Member
****
Offline Offline

Activity: 350


View Profile
January 28, 2014, 02:04:53 PM
 #626

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 1736

Newbie


View Profile
January 28, 2014, 02:17:50 PM
 #627

A lot of questions r still unanswered. Looks like the devs need 6-12 months more.
gutshot5820
Full Member
***
Offline Offline

Activity: 154


View Profile
January 28, 2014, 02:18:13 PM
 #628

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

Why dont you try to explain it yourself?  50% of what smartass.  This whole thread is all about attacking anyone who has legitimate questions, trying to intimidate others.  Instead of acting like a natural born idiot why dont you explain yourself and present a good reason why its a good investment. All you same 4-5 shills do all day long on this thread is attack people who have questions with insults.  Why dont you explain and convince everybody about the percentages and why they deserve the money they are asking for and the amount of pre-mine they are planning.
gutshot5820
Full Member
***
Offline Offline

Activity: 154


View Profile
January 28, 2014, 02:19:54 PM
 #629

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity

Sanity...you are obviously a shill, you are on every thread all day long attacking people who have questions.  These are the only type of responses you give to everyone.  Just insults, Every one of your posts.
turtoro
Sr. Member
****
Offline Offline

Activity: 350


View Profile
January 28, 2014, 02:26:51 PM
 #630

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity

Sanity...you are obviously a shill, you are on every thread all day long attacking people who have questions.  These are the only type of responses you give to everyone.  Just insults, Every one of your posts.

hahahaha. lol. no

and your not asking questions, your are making statements with exaggerated claims you tool.
nesco1805
Member
**
Offline Offline

Activity: 70


View Profile
January 28, 2014, 02:31:42 PM
 #631

@gutshot

dont engage with dweebs. that shill before at least tried to formulate an attack.
newbie sock-puppet who is just +1-ing him is not worthy of any response.

FOCUS! (that pizza stuff for example was totally unnecessary)
gutshot5820
Full Member
***
Offline Offline

Activity: 154


View Profile
January 28, 2014, 02:40:18 PM
 #632

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity

Sanity...you are obviously a shill, you are on every thread all day long attacking people who have questions.  These are the only type of responses you give to everyone.  Just insults, Every one of your posts.

hahahaha. lol. no

and your not asking questions, your are making statements with exaggerated claims you tool.

eh...whatever, you are starting to bore me, you are like a broken record.  No new information or reason why Ethereum is such a good buy for investors.  Just attacking and insulting strangers.  I hope they are paying you well for your services.
turtoro
Sr. Member
****
Offline Offline

Activity: 350


View Profile
January 28, 2014, 02:45:27 PM
 #633

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity

Sanity...you are obviously a shill, you are on every thread all day long attacking people who have questions.  These are the only type of responses you give to everyone.  Just insults, Every one of your posts.

hahahaha. lol. no

and your not asking questions, your are making statements with exaggerated claims you tool.

eh...whatever, you are starting to bore me, you are like a broken record.  No new information or reason why Ethereum is such a good buy for investors.  Just attacking and insulting strangers.  I hope they are paying you well for your services.

yes they are paying me with klondike coins.
gutshot5820
Full Member
***
Offline Offline

Activity: 154


View Profile
January 28, 2014, 02:58:01 PM
 #634

I don't know how you can NOT understand "up to 30,000 bitcoin" and "50% pre-mine" its staring right at everyone's face.  We can all do the math and surmise the repercussions from this deal.  You can't sweep it under the rug or divert our attention from it with tech talk.  100 questions wont answer that one.  If you can't figure out what everyone's main concern/disgust is and you have to gather a list of questions to ferret it out....I don't know how to respond to that.

50% of what? The amount of Ether issued after the IPO? The first year including mining? Year 5? You're flat our wrong in all cases. Stop making up numbers when you clearly don't know what you're talking about and try to reference some facts.

+1 for some sanity

Sanity...you are obviously a shill, you are on every thread all day long attacking people who have questions.  These are the only type of responses you give to everyone.  Just insults, Every one of your posts.

hahahaha. lol. no

and your not asking questions, your are making statements with exaggerated claims you tool.

eh...whatever, you are starting to bore me, you are like a broken record.  No new information or reason why Ethereum is such a good buy for investors.  Just attacking and insulting strangers.  I hope they are paying you well for your services.

yes they are paying me with klondike coins.

Well then you are in luck because Klondike is going to make you a lot of money.  You want to know why?  They have 6 full time certified devs working round the clock on the coin.  You want to know how much of it was pre-mined and pre-sold?  ZERO and ZERO.  So how do they make money?  Can you believe the devs are actually buying the coins in the market on their own?  They are putting in the sweat equity and putting their money where there mouth is.  They are not asking for handouts or any get rich quick plan.  They are investing their own money into their coins.  Thats why the coin will not fail.  What a concept can you believe that?
LordShanken
Sr. Member
****
Offline Offline

Activity: 254



View Profile
January 28, 2014, 03:24:31 PM
 #635

Why does no one ask the question WHEN? When the f*** does this coin start? Big announcements, a huge countdown. But not a single line of code. My guess? 2015. Maybe 2016. And do you know how the crypto coin world looks in a year or two?

I know several people how are already working on what you are just planning. They are half a year ahead. None of your ideas is really new. Dozens of crypto currencies will be released until Ethereum is finished. And Ethereum will have nothing new. Buy a time machine, travel two years into the past and start... At the moment, it's just a waste of time.

jantenner81
Full Member
***
Offline Offline

Activity: 228


CIYAM - UI/UX design


View Profile WWW
January 28, 2014, 03:40:32 PM
 #636

watching - will take a closer look on frebuary or march but no invest at this moment.

AT - Automated Transactions
CIYAM | Developer
greentea
Legendary
*
Offline Offline

Activity: 1232



View Profile
January 28, 2014, 03:55:39 PM
 #637

IPO just around the corner and still no word from the ether team ... chirp chirp.

with 4 founders and a dozen+ "developers, marketers, entrepreneurs, evangelists and partners"
you'd think they could spend sometime answering their potential investors and criticism...

  • silent on bitcointalk
  • blog is down
  • facebook inactive
  • 0 tweets on twitter

I guess they have more important things to do ...


NEM   NanoWallet   SuperNodes   Apostille   Landstead   Catapult   Mijin
▃▃▃▅▅▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▅▅▅▃▃▃
sparta_cuss
Sr. Member
****
Offline Offline

Activity: 386


View Profile
January 28, 2014, 04:03:31 PM
 #638

This thread reminds me of my family reunion.
Lots of drunk uncles here.

"We must be willing to let go of the life we have planned, so as to have the life that is waiting for us." - E.M. Forster
NXT: NXT-Z24T-YU6D-688W-EARDT
BTC: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s
LeChatNoir
Hero Member
*****
Offline Offline

Activity: 571



View Profile
January 28, 2014, 04:05:40 PM
 #639

IPO just around the corner and still no word from the ether team ... chirp chirp.

with 4 founders and a dozen+ "developers, marketers, entrepreneurs, evangelists and partners"
you'd think they could spend sometime answering their potential investors and criticism...

  • silent on bitcointalk
  • blog is down
  • facebook inactive
  • 0 tweets on twitter

I guess they have more important things to do ...



I agree.
At this point you must really be a fool to buy into this scam!

           ▄▄███████▄▄
        ▄███▀▀
▄▄▄▄    ▀▄
     ▄▄█████████████▄▄  ▀▄
  ▄▀▀██▀           ▀▀██▄▄▀▄
▄▀  ██                 ▀██
  ██       ▀▀█▀▀         █
█▀        █ █ █        ▄█▀▄
▀▄         █ █ █       ▄█  █
 ██         █▄▄▄█      ▄█  ▄▀
  ██▄                ▄█▀  ▄▀
  ▀▄▀██▄▄          ▄█▀  ▄▀
   ▀▄ ▀▀███▄▄▄▄▄▄█████▀▀
     ▀▀▄▄▄▄▄▄▀▀▀▀▀▀▀
.UTRUST.▀████████▄
  ▀███████▄
    ▀██████▄
      ▀██████
       ▀█████
        ▀████▄
         █████
          ▀███
           ███
           ▀██
            ██
             █
             █
●  Download WHITEPAPER  ●
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▼ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
facebook      twitter      slack
▀████████▄
  ▀███████▄
    ▀██████▄
      ▀██████
       ▀█████
        ▀████▄
         █████
          ▀███
           ███
           ▀██
            ██
             █
             █
snowboard789
Hero Member
*****
Offline Offline

Activity: 552


View Profile
January 28, 2014, 04:08:47 PM
 #640

This is why they need the 0.5X premine...to pay these people, many of whom are not even developers.

what are you talking about mate? they will have thousands of BTC to pay them , why the 0.5 premine?

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 780 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!