majik
Newbie
 Offline
Activity: 17
Merit: 0
|
 |
January 28, 2014, 10:16:13 PM |
|
I can think of 2 reasons for such a lack of response from them:
- they are walking back to their office in Toronto from Miami
- they are rewriting the fundraising and will announce it by tomorrow. Thursday is too late
|
|
|
|
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
CoinHeavy
|
|
January 28, 2014, 10:29:25 PM |
|
I wonder if they will be releasing some sample contracts (scripts) with the initial code. I think that the market will have a difficult time valuing Ethereum until the first few big ideas are implemented in code. Even then, only once web apps are built on top of those contracts/scripts will there be a real value-add.
Does anyone know what will be possible (if anything) with the out-of-box experience, as it were?
|
|
|
|
|
ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
January 28, 2014, 10:40:52 PM |
|
Looks like a lot of people are going to invest their Ethereums into Dollars, because the inflation seems a bit better there.
Maybe they'll invest their bitcoins in dollars too, because the U.S. inflation rate (1.5%) is much lower than the inflation of bitcoin (10.7%). That said, I really do hope we hear from Vitalik or Charles soon. |
|
|
|
|
BittBurger
|
|
January 28, 2014, 10:42:57 PM |
|
How about this viewpiont on why they're not responding:
Some random thread on Bitcointalk doesn't amount to a hill of beans.
I could be dead wrong about this, but I seem to remember hearing that they'd *already* raised millions of dollars *before* they even created this thread.
I just spent 10 minutes trying to find the older article which stated this, and can't find it.
But do you really think this thread on this forum is their main source of bread?
-B-
|
|
|
|
ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
January 28, 2014, 10:57:31 PM |
|
How about this viewpiont on why they're not responding:
Some random thread on Bitcointalk doesn't amount to a hill of beans.
I could be dead wrong about this, but I seem to remember hearing that they'd *already* raised millions of dollars *before* they even created this thread.
I just spent 10 minutes trying to find the older article which stated this, and can't find it.
But do you really think this thread on this forum is their main source of bread?
-B-
When they are going mainstream with articles in Wired Magazine? Hell to the no...this forum probably represents 2% of their future investors. |
|
|
|
twistelaar
Legendary
Offline
Activity: 1148
Merit: 1000
|
|
January 28, 2014, 10:58:34 PM |
|
Can anybody provide me some information about Ethereum? Is it worth to invest? Thanks a lot  |
|
|
|
|
superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
|
|
January 28, 2014, 10:59:18 PM |
|
I can think of 2 reasons for such a lack of response from them:
- they are walking back to their office in Toronto from Miami
- they are rewriting the fundraising and will announce it by tomorrow. Thursday is too late
- they are enjoying a mountain of cocaine and top of the top escort girls. The FBI is on the way to take care of them. |
|
|
|
|
greentea
Legendary
Offline
Activity: 1418
Merit: 1002
|
|
January 28, 2014, 11:37:53 PM |
|
How about this viewpiont on why they're not responding:
Some random thread on Bitcointalk doesn't amount to a hill of beans.
I could be dead wrong about this, but I seem to remember hearing that they'd *already* raised millions of dollars *before* they even created this thread.
I just spent 10 minutes trying to find the older article which stated this, and can't find it.
But do you really think this thread on this forum is their main source of bread?
-B-
It's not a random thread since Vitalik himself started this thread calling it The Beginning ... Go look at their twitter, facebook, and blog - nothing |
|
|
|
|
gutshot5820
|
|
January 28, 2014, 11:47:01 PM |
|
How about this viewpiont on why they're not responding:
Some random thread on Bitcointalk doesn't amount to a hill of beans.
I could be dead wrong about this, but I seem to remember hearing that they'd *already* raised millions of dollars *before* they even created this thread.
I just spent 10 minutes trying to find the older article which stated this, and can't find it.
But do you really think this thread on this forum is their main source of bread?
-B-
It's not a random thread since Vitalik himself started this thread calling it The Beginning ... Go look at their twitter, facebook, and blog - nothing "raised millions" LOL please at least lets be somewhat serious. If they raised millions prior to the IPO then they are 100x worse than they appear now because then would be hiding from us further dilution of shares/coins that was not mentioned. If they had the ability to raise millions on their own why in the world are they begging the entire bitcoin community for money? Have you seen their proposal? DO you think one VC would invest one dime into this deal the way its structured? If you think so, you dont know how the financial system works. |
|
|
|
|
|
pand70
|
|
January 28, 2014, 11:48:45 PM |
|
It's not a random thread since Vitalik himself started this thread calling it The Beginning ...
Maybe he is to busy reading wikipedia for his next presentation on quantum computing, or astrophysics or neurosurgery.  |
|
|
|
|
KJO
|
|
January 29, 2014, 12:25:39 AM |
|
These idiots are probably sucking their thumbs in fetal position after being destroyed in this thread.
They should've named it Elysium. At least then their intent would be transparent.
The people have spoken, this premine reptilian shitcoin has been officially black-balled.
|
|
|
|
|
|
BittBurger
|
|
January 29, 2014, 01:16:43 AM
Last edit: January 29, 2014, 01:29:46 AM by BittBurger |
|
So... Here's why I said they may not care so much about the opinions of a few people in this thread…  |
|
|
|
|
organizer
|
|
January 29, 2014, 01:53:14 AM |
|
So... Here's why I said they may not care so much about the opinions of a few people in this thread… b-b-b-but... can't you see this is just part of the elaborate scam?! :\ |
|
|
|
|
|
BittBurger
|
|
January 29, 2014, 02:02:49 AM |
|
b-b-b-but... can't you see this is just part of the elaborate scam?! :\
In a sense its kind of funny that people here are "declaring" Ethereum dead .... While everyone at the conference swarmed him after the announcement, and 40 reporters were waiting for him in the hall. Do we have delusions of grandeur over here? -B- |
|
|
|
|
|
majik
Newbie
Offline
Activity: 17
Merit: 0
|
|
January 29, 2014, 02:56:43 AM |
|
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.
|
|
|
|
|
|
gutshot5820
|
|
January 29, 2014, 03:08:03 AM |
|
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.
|
|
|
|
|
ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
January 29, 2014, 03:12:14 AM |
|
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. |
|
|
|
marcusnz
Newbie
Offline
Activity: 24
Merit: 0
|
|
January 29, 2014, 03:26:06 AM |
|
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? |
|
|
|
|
|
organizer
|
|
January 29, 2014, 03:28:32 AM |
|
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. |
|
|
|
|
|
