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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1375502 times)
gutshot5820
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January 29, 2014, 03:08:03 AM
 #701

Nobody ever said that the tech did not have some potential.  Any publicity will only benefit Ethereum and their wall Goldman Sachs advisors because the deal is structured entirely in their favor.  Do you think they are going to have a 100 million market cap for a coin at launch?  If you do go ahead and sell your home and cash out your retirement fund,  ALL the early profits and investments is designed to go to Ethereum principles and their wall street cronies, you will take ALL of the RISK and none of the benefits.  You can buy a million of these coins aftermarket.

Do your math and your own research before buying into the hype.  The coin has potential, but all the profits are going to Ethereum the way this deal is structured.  You are not getting into the ground floor at the market cap you are entering into.  You are the bagholders until they produce something tangible and prove they can take over the market.  That could be years.  I guarantee you if you like the product, you can buy millions at market price after the launch.  Why take the risk of being a pre-buyer when you can buy after market if you like the tech?  They are pricing 30,000 btc worth of shares at approx one dollar a ETH.  Do your math.  For you to make a profit there will have to be another 100,000 in btc after launch waiting to buy in for you to sell at a reasonable profit.  NEVER going to happen.  The initial 30,000 btc is going to the principals and thats where all the profit is going to.

This is the new precedent set by Goldman Sachs advisors.  If you buy into it this time, every coin will be launched in the same manner.  The profits will be squeezed out of all the miners and crypto investors and go into the pockets of wall street.  Do  not be fooled, you are not buying at the ground floor like most all other coins with reasonable upside, They are taking all the ground floor money out before launch and you are the bag holders in this set-up.

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January 29, 2014, 03:12:14 AM
 #702

Thinking out loud here... just to be prepared, if fund raising will go on as described:

Lets say there are max 500 active readers on this thread, 250 may eventually invest in fund raising. Lets limit our investment from 0.01 to max. 5 BTC if you are still compelled to invest.  Those who invest 5 BTC are still making 500x investment.  If this community can agree to this, this will limit the X factor within an acceptable range and puts Eth in its rightful place, with no proven product and no indication of long term commitment.  

There were 1200 people in Miami conference, max 600 may invest.  So my guess is maybe with limited media exposure, max a final total of 1000 people will invest in the 2 month period.  We can do our part to make sure funds total will not go beyond 1000 btc.

If after all this criticism and no answers to the legit questions raised on this thread, you still feel compelled to invest:  Limit your investment to less than 5 btc, preferably less than 1 and buy whatever you want later from the miners. That seems to be the most logical thing to do.  Eth is not going anywhere and it will not become the world's dominant cryptocurrency overnight.  I think the price will very likely drop when mining begins because miners prefer to exchange Eth with the proven BTC that holds value.


My prediction: the IPO will sell out within a week. Flame me all you want...just come back here February 8 so I can gloat.

Do you people have any idea how many whales are out there, already enriched beyond their wildest dreams by bitcoin's meteoric rise, willing to throw a few "pennies" (thousands of btc) at a worthy project? There are probably teenagers out there who got lucky with $100 three years ago, buying btc for pennies, who would think nothing of throwing a few thousand this way.

FWIW, I'm putting in the vast majority of my admittedly small bitcoin savings--because just a chance to be part of the next Apple, or Microsoft, or Java, or Google is enough for me.

Dash - Digital Cash
https://www.dash.org/
marcusnz
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January 29, 2014, 03:26:06 AM
 #703

Nobody ever said that the tech did not have some potential.  Any publicity will only benefit Ethereum and their wall Goldman Sachs advisors because the deal is structured entirely in their favor.  Do you think they are going to have a 100 million market cap for a coin at launch?  If you do go ahead and sell your home and cash out your retirement fund,  ALL the early profits and investments is designed to go to Ethereum principles and their wall street cronies, you will take ALL of the RISK and none of the benefits.  You can buy a million of these coins aftermarket.

Do your math and your own research before buying into the hype.  The coin has potential, but all the profits are going to Ethereum the way this deal is structured.  You are not getting into the ground floor at the market cap you are entering into.  You are the bagholders until they produce something tangible and prove they can take over the market.  That could be years.  I guarantee you if you like the product, you can buy millions at market price after the launch.  Why take the risk of being a pre-buyer when you can buy after market if you like the tech?  They are pricing 30,000 btc worth of shares at approx one dollar a ETH.  Do your math.  For you to make a profit there will have to be another 100,000 in btc after launch waiting to buy in for you to sell at a reasonable profit.  NEVER going to happen.  The initial 30,000 btc is going to the principals and thats where all the profit is going to.

This is the new precedent set by Goldman Sachs advisors.  If you buy into it this time, every coin will be launched in the same manner.  The profits will be squeezed out of all the miners and crypto investors and go into the pockets of wall street.  Do  not be fooled, you are not buying at the ground floor like most all other coins with reasonable upside, They are taking all the ground floor money out before launch and you are the bag holders in this set-up.

gutshot5820, what is your objective? you are all over here and Reddit (and probably other forums) bagging ethereium to such a degree that it borders on bizarre. Its one thing expressing your opinion, but jumping forums and just reiterating yourself over and over again is very suspicious. You made your point, and presented you argument, so what are you doing? why are you going to such extraordinary lengths to stop people from investing? are you some sort of moral crusader?
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January 29, 2014, 03:28:32 AM
 #704

MaidSafe v ethereium. Any thoughts/? They are just going to churn these things out aren't they?

http://www.wired.co.uk/news/archive/2014-01/27/maidsafe-bitcloud

Crypto will evolve, at least most everyone seems to be convinced it will. Out of what we have now, probably only a dozen or so will maintain any real-world value beyond trading & "collecting".

I would tend to agree that most all technologies advance, evolve, etc. And not necessarily the best one always wins. Beta was better than VHS, there were a couple of "next gen" DVDs (including Blu-Ray, but I don't remember the other ones). Why? I don't know, probably due to the money behind it.

I think it's foolish to think the real-world is going to stay out of crypto, unless govt's start banning & tracking it. Otherwise, the Goldman Sachs crews are going to be here to stay.

So, what to do? Invest if you like it. Don't if you don't.

But don't discount the real-world coverage of things like this and Bitcloud. I think it will tend to influence what the real next big thing is going to be.

gutshot5820
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January 29, 2014, 03:30:30 AM
 #705

Thinking out loud here... just to be prepared, if fund raising will go on as described:

Lets say there are max 500 active readers on this thread, 250 may eventually invest in fund raising. Lets limit our investment from 0.01 to max. 5 BTC if you are still compelled to invest.  Those who invest 5 BTC are still making 500x investment.  If this community can agree to this, this will limit the X factor within an acceptable range and puts Eth in its rightful place, with no proven product and no indication of long term commitment.  

There were 1200 people in Miami conference, max 600 may invest.  So my guess is maybe with limited media exposure, max a final total of 1000 people will invest in the 2 month period.  We can do our part to make sure funds total will not go beyond 1000 btc.

If after all this criticism and no answers to the legit questions raised on this thread, you still feel compelled to invest:  Limit your investment to less than 5 btc, preferably less than 1 and buy whatever you want later from the miners. That seems to be the most logical thing to do.  Eth is not going anywhere and it will not become the world's dominant cryptocurrency overnight.  I think the price will very likely drop when mining begins because miners prefer to exchange Eth with the proven BTC that holds value.


My prediction: the IPO will sell out within a week. Flame me all you want...just come back here February 8 so I can gloat.

Do you people have any idea how many whales are out there, already enriched beyond their wildest dreams by bitcoin's meteoric rise, willing to throw a few "pennies" (thousands of btc) at a worthy project? There are probably teenagers out there who got lucky with $100 three years ago, buying btc for pennies, who would think nothing of throwing a few thousand this way.

FWIW, I'm putting in the vast majority of my admittedly small bitcoin savings--because just a chance to be part of the next Apple, or Microsoft, or Java, or Google is enough for me.

WARNING!!!! 28 posts by this NEW user "ddink7" EVERY single one of his posts SPAMMING the Ethereum board.  NONE of his posts has any content or meaningful information.  Just verbal abuse towards anyone who has legitimate questions.  Classic shill.  This user ID was created for the sole purpose as a shill.  

"vast majority of  my savings"  "willing to throw a few "pennies" (thousands of btc) at a worthy project" "be part of the next Apple, or Microsoft, or Java, or Google"
This alone should ring warning bells, what kind of tactics are these Ethereum guys using?  This is disgusting.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
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January 29, 2014, 03:31:44 AM
 #706

gutshot5820, what is your objective? you are all over here and Reddit (and probably other forums) bagging ethereium to such a degree that it borders on bizarre. Its one thing expressing your opinion, but jumping forums and just reiterating yourself over and over again is very suspicious. You made your point, and presented you argument, so what are you doing? why are you going to such extraordinary lengths to stop people from investing? are you some sort of moral crusader?

What's funny is if you look through his profile and try to figure out what he's all about, he's just a knucklehead like the rest of us trying to cash in on the next alt coin thing for a quick buck. He can't seem to make the connection that while he's yelling scam this and scam that, crying about how the community is being robbed, etc. He doesn't see the same thing happening in alt coins. 99% are junk and while you might be making money, you're lying to yourself to think it's a victimless act. If you dump your coins you mined onto someone while the price is high and it tanks, you just cost someone some money. Sure, it's the free market and caveat emptor. But apparently this doesn't apply to something he's clearly obsessed with.

gutshot5820
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January 29, 2014, 03:40:41 AM
 #707

For all you shills that keep attacking people who are disgusted/disappointed at people with concerns.  Try a different tactic.  Try explaining to people exactly why the potentially 30,000 bitcoin and 50% pre-mine is necessary.  Explain to them in market cap terms how they will make a return on their investment.  Explain why they cannot get VC funding but why the bitcoin community should invest when any investment bank or hedge fund or VC will not?  Get us a background check on all the principle group and explain what exactly are their duties, what exact role they will be playing and how much each person will be paid. There are a lot of questions that need to be answered.  Your constant attacks are annoying.  You shills are easy to recognize, because none of your posts have any reasoning or statements, they are pure viscous attacks designed to scare off people from this message board.  

All you shills ever do is constantly keep pointing at articles, "Im going to invest my life savings," "if you miss out on this you will regret it."  WTF, do you think that people that stupid now?  Believe it or not, none of my posts will have any effect whatsoever on anyone's decision, but hopefully it will make them question and do their own homework before making a decision. I dont think theres anything wrong with that  If you cant tell by now, there are a lot of people wiser than me on this board concerning crypto investments and they have come to their own conclusions about the viability of this Ethereum investment.  Your constant attacking and demoralizing comments towards people who have questions is really just disgusting and Ive seen this tactic many times by people selling scammy products.  

If you think Ethereum is such a hot deal then you should just shut the hell up and quietly buy into it with your life savings and thank me later.  What are you worried about if you are not a shill? If Ethereum sells out in one week (LMAO) then you are either smoking crack or you will be one of the lucky ones that got to buy in and give these guys and their wall street advisers millions.  Personally, I think there will be plenty of people waiting in the wings to buy after the price sinks to its appropriate level.  But if you think its going to sell out 30,000 btc at one dollar an ETH and there will be so  much demand that there will be another 100,000 bitcoin demand/bids waiting to take it off your hands at double the price...I have a bridge Id like to sell you.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
ddink7
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January 29, 2014, 04:08:44 AM
 #708

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

Dash - Digital Cash
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gutshot5820
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January 29, 2014, 04:17:07 AM
 #709

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

"palmface" hope you are getting paid, why dont you add a reasonable argument or statement instead of devoting your entire posting history towards other people, probably because if you tried to write a detailed post about the merits of the investment in financial terms, instead of hyperbole you would get ripped to shreds by many of the knowledgeable investors on here.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
FreddyFender
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January 29, 2014, 04:18:12 AM
 #710

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

ddlink, I'll quote you on that! (shill?)
I think maybe Max is up to his old antics? Max, Max Kiester? You really are the biggest ass on forum right now. Please let us know your take on the 1st so you can properly gloat about all the sheeple who dropped investing because of your rants.
Bravo, kudos to the tactics and support crew. Your fingers and socks must be sore, take solace in the award of ETH you will pocket on Friday evening.

FF

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January 29, 2014, 04:26:40 AM
 #711

VB has been active in the last 6 hours:

http://www.reddit.com/user/vbuterin


GET RID OF THE PREMINE by TheMule74in ethereum
[–]vbuterin 2 points 3 hours ago
We are seriously worried that if we offer a small cap then some large investor will simply gobble it up all at once, and then we'll basically have Ripple. Judging by the response we have gotten so far, we realized that it is entirely possible, even if unlikely, that some whale with 200000 BTC sitting around will decide that Ethereum just might be the right coin to throw 10% into, and we need to work around such a possibility. If no whales come onboard on such a scale, then we will have a small market cap to start off anyway.
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January 29, 2014, 04:30:17 AM
 #712

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

ddlink, I'll quote you on that! (shill?)
I think maybe Max is up to his old antics? Max, Max Kiester? You really are the biggest ass on forum right now. Please let us know your take on the 1st so you can properly gloat about all the sheeple who dropped investing because of your rants.
Bravo, kudos to the tactics and support crew. Your fingers and socks must be sore, take solace in the award of ETH you will pocket on Friday evening.

FF

If I'm a shill, I sure have put in a hell of a lot of work into it:

https://litecointalk.org/index.php?action=profile;area=showposts;u=19254

Dash - Digital Cash
https://www.dash.org/
FreddyFender
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Shamantastic!


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January 29, 2014, 04:41:28 AM
 #713

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

ddlink, I'll quote you on that! (shill?)
I think maybe Max is up to his old antics? Max, Max Kiester? You really are the biggest ass on forum right now. Please let us know your take on the 1st so you can properly gloat about all the sheeple who dropped investing because of your rants.
Bravo, kudos to the tactics and support crew. Your fingers and socks must be sore, take solace in the award of ETH you will pocket on Friday evening.

FF

If I'm a shill, I sure have put in a hell of a lot of work into it:

https://litecointalk.org/index.php?action=profile;area=showposts;u=19254

I was actually using innuendo to describe gutshot5820 and you misunderstood. My apologies, as a canadian, I try to avoid the word sorry, but GS5820 is a real sorry case.

Ddlink,
 Thank you for anti-trolling and read my blogspot from June 2011 to get a clearer picture why I don't say much on the forums.

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January 29, 2014, 04:43:54 AM
 #714

Is gutshot saying anything useful yet or is he still up to his regular antics? I put him on ignore like 20 pages ago lol

P.S. I'm still convinced he is taking a rather large position in the IPO and is trying to scare everyone else away so as not to dilute his stake.

ddlink, I'll quote you on that! (shill?)
I think maybe Max is up to his old antics? Max, Max Kiester? You really are the biggest ass on forum right now. Please let us know your take on the 1st so you can properly gloat about all the sheeple who dropped investing because of your rants.
Bravo, kudos to the tactics and support crew. Your fingers and socks must be sore, take solace in the award of ETH you will pocket on Friday evening.

FF

If I'm a shill, I sure have put in a hell of a lot of work into it:

https://litecointalk.org/index.php?action=profile;area=showposts;u=19254

I was actually using innuendo to describe gutshot5820 and you misunderstood. My apologies, as a canadian, I try to avoid the word sorry, but GS5820 is a real sorry case.

Ddlink,
 Thank you for anti-trolling and read my blogspot from June 2011 to get a clearer picture why I don't say much on the forums.

Ah, gotcha. No worries =)

Read your blog...it's just a shame. The litecoin forums are so much gentler and more welcoming than this one =(

Dash - Digital Cash
https://www.dash.org/
gutshot5820
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January 29, 2014, 04:49:41 AM
 #715

the hype machine is out in full force today.  once again no content or information, just inflammatory attacks.

Bitcoin address: 1BPtjSw1U19r6bSDXAc3Adr5xtS21yEwXU
canth
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January 29, 2014, 05:09:58 AM
 #716

If you support Ethereum you are fired - both metaphysically and spiritually from humanity. You are no longer human in my eyes because you are directly slowing technological progression and costing millions of human lives in the long run.

Umm...millions of lives? So you somehow think that Ethereum is going to be the marathon holocaust and that you're saving it by firing those who are interested? That's like beyond Trump crazy.


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January 29, 2014, 05:10:07 AM
 #717

Thinking out loud here... just to be prepared, if fund raising will go on as described:

Lets say there are max 500 active readers on this thread, 250 may eventually invest in fund raising. Lets limit our investment from 0.01 to max. 5 BTC if you are still compelled to invest.  Those who invest 5 BTC are still making 500x investment.  If this community can agree to this, this will limit the X factor within an acceptable range and puts Eth in its rightful place, with no proven product and no indication of long term commitment.  

There were 1200 people in Miami conference, max 600 may invest.  So my guess is maybe with limited media exposure, max a final total of 1000 people will invest in the 2 month period.  We can do our part to make sure funds total will not go beyond 1000 btc.

If after all this criticism and no answers to the legit questions raised on this thread, you still feel compelled to invest:  Limit your investment to less than 5 btc, preferably less than 1 and buy whatever you want later from the miners. That seems to be the most logical thing to do.  Eth is not going anywhere and it will not become the world's dominant cryptocurrency overnight.  I think the price will very likely drop when mining begins because miners prefer to exchange Eth with the proven BTC that holds value.


My prediction: the IPO will sell out within a week. Flame me all you want...just come back here February 8 so I can gloat.

Do you people have any idea how many whales are out there, already enriched beyond their wildest dreams by bitcoin's meteoric rise, willing to throw a few "pennies" (thousands of btc) at a worthy project? There are probably teenagers out there who got lucky with $100 three years ago, buying btc for pennies, who would think nothing of throwing a few thousand this way.

FWIW, I'm putting in the vast majority of my admittedly small bitcoin savings--because just a chance to be part of the next Apple, or Microsoft, or Java, or Google is enough for me.

Not as many as you think, most early BTC holders sold at various times in the past, very few actually held on since buying in '11.
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January 29, 2014, 05:21:38 AM
 #718

mining will start in 3days or thats just the funding date?

Mining is months away, according to the Ethereum people. The fundraiser starts on 1 February 2014 (00:00 GMT). In terms of mining, there'll be testnet first, followed by mainnet. You will have plenty of time to charge your lasers. Smiley

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January 29, 2014, 05:27:33 AM
 #719


Could someone help clear the air? Assuming I invest 5 BTC, therefore receiving 10,000 ether, what is the worst/best case scenario after the release?

Sorry for the tangent!

I too would like to read an answer to this question.

worst case: total failure, no block chain, no ether returned, all fundraising money is gone!!! HAHAHA

duh man

Nemesis: minting cryptographic currency with information
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January 29, 2014, 05:30:39 AM
 #720

I have a LEGITIMATE QUESTION.  I haven't seen this addressed but I also didn't read everything. 

Traditional Proof of Stake mining means whoever has the most money gets the most inflation, paid out of transaction fees.  Considering the "Ethereum foundation" is starting with .5x, they will have a considerable advantage in this.  Who controls this foundation/website and where that money goes?  …because even the inflation from POS will be a considerable amount of Ether. 

Nemesis: minting cryptographic currency with information
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