[ANN] Ethereum: Welcome to the Beginning

[dzarmush]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

[poornamelessme]

Devs cancelled the first IPO in order to work on details and come up with a decent IPO plan. Instead they've just started IPO with no info whatsoever. Maidsafe investors got about 20000 coins for 1 BTC, devs set a cap but still investors are pretty much fucked. Ethereum devs only offer 2000 for 1 BTC, didn't set a cap, didn't post any info about total amount of coins, mining plan, devs stake ect. Looks like another big disappointment: eMunie, Maidsafe, Ethereum.

Maidsafe has gone above IPO prices on Polo (not entirely sure where it is now), so I wouldn't say that was such a bad deal. I think it's one of those coins where patience will be a virtue.

[Patel]

Devs cancelled the first IPO in order to work on details and come up with a decent IPO plan. Instead they've just started IPO with no info whatsoever. Maidsafe investors got about 20000 coins for 1 BTC, devs set a cap but still investors are pretty much fucked. Ethereum devs only offer 2000 for 1 BTC, didn't set a cap, didn't post any info about total amount of coins, mining plan, devs stake ect. Looks like another big disappointment: eMunie, Maidsafe, Ethereum.

+1

Ethereum has a good idea. I hope they succeed because it benefits our community. But they are taking a HUGE risk by allowing this much BTC to be invested into something that hasn't been proven 100%

They are still in proof of concept for crying out loud.

Ethereum, stop being greedy. You're setting yourself up for failure and a bunch of bad PR.

If you succeed, then congrats. But why take the risk?

Plus, the higher number of BTC they get, the more disappointed all the investors will be after mining dilutes their shares by 60%+.

Mark my words. This isn't gonna end well for the presale buyers. The miners are the ones who will benefit the most. The presale buyers are for impatient people who are prone to panic buys from hype.

[jibble]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

wont be profitable to sell directly back to BTC, but if you used them for their direct purpose, i would suspect they earn more than they cost

[BigOrangeBee]

I understand Ether is not a coin, it's a basically a token to use on the Ethereum blockchain in order to initiate any implementation.
Is that basically correct?

What methods will be available for determining Ether value (in BTC or fiat) after the Ether pre-sale is finished, and what avenues will be available to sell Ether for BTC or fiat after the pre-sale is finished. Will Ether be traded on exchanges?

It will be dependent on earnings if i am understanding it correctly.

It costs ether to run these smart contracts, with these smart contracts you can set things up, like a fully automated trustless escrow service that is completely decentralized , websites or gambling addresses, with smart contracts set to payout on demand or when told to. ( there are literally hundreds of other things that can be made with these smart contracts, they are just random examples of what could be created)

These smart contracts will end up earning the people who own them a certain amount of cash every week or month for having them running and performing their function.

the price of ether will be closely related to the earning potential of these contracts. it would likely reach a balanced level between the cost of ether and the amount of potential gains from using ether

If the smart contracts earn the owners a higher return then the price of ether should technically rise. because each ether has an "earning potential" by being used in the running of a smart contract. which is higher than the cost, increasing demand in the coin to be used to earn them money. thus rising the price.

Can it be concluded then that if no one uses Ethereum, then Ether will not have any value?

So the return on investment in Ether would be dependent on the adoption in the mainstream of Ethereum as the "new decentralized internet" or "bitcoin 2.0" as its being called.

It's obviously an amazing accomplishment and the devs are probably the best in the business right now.
This is skyscrapers above all the crap altcoins being sold on exchanges.

But how can we know if the mainstream will accept it? And if they don't, then what is it worth?

As I understand it, all websites would have to be transferred over to an eth:// address. What are the chances that every major business on the net is going to transfer to an Ethereum platform anytime soon?

Not very good I think.

This is worth a lot, and I recommend investment. However, I don't think anyone can expect a return on their investment for at least a few years. If successful, Ethereum will be a long road, this is not instant success for anyone except the devs who will be receiving a portion of the investments as their salaries and going to a fund for further development. I know they deserve something for their hard work. But I am not sure that I, personally, can afford to pay for their work, I have my own bills and needs. If my funds will be tied up in Ethers for a long time to come, I just want to know the score.

I still hope to get a direct answer to my question: How, where, and when can ethers be sold back to bitcoin or fiat?

[dzarmush]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

wont be profitable to sell directly back to BTC, but if you used them for their direct purpose, i would suspect they earn more than they cost

If devs would sell 80-90% of the emission then yes. If they are IPOing 10%, miners will spoil the whole party for IPO investors.

[MemoryShock]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

Ding ding ding!

Winner! Except for the Ethereum devs and those who muscle it out for awhile.

This is going to be huge but the immediate drop off when everyone figures out that they need to get people to accept the platform is going to be pretty big....and the sidechain issue for Bitcoin 2.0 is going to have an effect.

Like an above poster, I agree that this is awesome and the devs deserve some incentive.  But it will be some time before integration happens so people need to mute expectations short term.

[dzarmush]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

Ding ding ding!

Winner! Except for the Ethereum devs and those who muscle it out for awhile.

This is going to be huge but the immediate drop off when everyone figures out that they need to get people to accept the platform is going to be pretty big....and the sidechain issue for Bitcoin 2.0 is going to have an effect.

Like an above poster, I agree that this is awesome and the devs deserve some incentive.  But it will be some time before integration happens so people need to mute expectations short term.

Anyway we need some info wth is going on. Maybe there are only 5M coins exists and if investors buy all 5M during IPO Etereum will be 100 POS and 100% coins goes to investors.

Or maybe devs are selling 1% coins, keeping 80% as devs stake and miners get 19%.

What I'm saying is devs are showing total disrespect to everybody not posting any info about IPO and people are so stupid that they're acting like Fry: "shut up and take my money".

[Eadeqa]

They already gathered 2000 btc. Let's say they are able to gather 10,000 BTC. If it's 10% coins, then market cap is 100,000 BTC right after IPO is over. Doesn't look like a profitable investment.

Ding ding ding!

Winner! Except for the Ethereum devs and those who muscle it out for awhile.

This is going to be huge but the immediate drop off when everyone figures out that they need to get people to accept the platform is going to be pretty big....and the sidechain issue for Bitcoin 2.0 is going to have an effect.

Like an above poster, I agree that this is awesome and the devs deserve some incentive.  But it will be some time before integration happens so people need to mute expectations short term.

Anyway we need some info wth is going on. Maybe there are only 5M coins exists and if investors buy all 5M during IPO Etereum will be 100 POS and 100% coins goes to investors.

Or maybe devs are selling 1% coins, keeping 80% as devs stake and miners get 19%.

What I'm saying is devs are showing total disrespect to everybody not posting any info about IPO and people are so stupid that they're acting like Fry: "shut up and take my money".

Anything is better than all those "fair distribution" scams

[kikeda]

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

If that's true (and I believe it is) why doesn't everyone wait until the deadline to purchase?

Well, if you wanted to buy anyway, and had spare BTC, it wouldn't really matter either way... now or 14 days from now.

For myself, I basically want to know how long I have to scrounge up my BTC by. If no cap, we can even wait past the 14 days and take a little less Ethereum, if we are holding alts that aren't exactly at the best price to sell right now.

We're on the same boat.

[prix]

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".

[gagalady]

No cap on sales, I take it? Approx. 14 days at current price, regardless of how many sell between now and that 14 days, correct?

I don't think the pre-sale can be profitable for investors.

[jubalix]

My questions are these

[1]What has Mr. Vitamin Bulteric actually dev's in the past......?
[2]It looks like Ripple is also doing the contracts thing how does it differ to Eth.
[3]NXT seem to be also doing the contracts thing, so how does it differ to ETH.

One note is :

ETH has explicitly stated it will comply with legal orders.
This means all of your IPO funds are fully seizable by any GOV that wants to.

Depending on the code base it may be that ETH if not decentralized can take by legal order to fork to get your funds or identify you. Maybe someone can clear this up in relation to the code base for ETH.

[dzarmush]

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".

https://www.ethereum.org/images/terms/distribution.jpg

I can't find it even after you posted it.

[dzarmush]

You can get some information if you go to https://www.ethereum.org/ and click to "Buy Ether".

https://www.ethereum.org/images/terms/distribution.jpg

So they are selling 83.5% coins?

[michaelb87]

I've got NO idea if this is a sensible investment... When does the presale end? Is there a cap?

This must be the most ridiculous IPO I have ever seen here if you can look past the pretty marketing.

[Chang Hum]

Devs cancelled the first IPO in order to work on details and come up with a decent IPO plan. Instead they've just started IPO with no info whatsoever. Maidsafe investors got about 20000 coins for 1 BTC, devs set a cap but still investors are pretty much fucked. Ethereum devs only offer 2000 for 1 BTC, didn't set a cap, didn't post any info about total amount of coins, mining plan, devs stake ect. Looks like another big disappointment: eMunie, Maidsafe, Ethereum.

+1

Ethereum has a good idea. I hope they succeed because it benefits our community. But they are taking a HUGE risk by allowing this much BTC to be invested into something that hasn't been proven 100%

They are still in proof of concept for crying out loud.

Ethereum, stop being greedy. You're setting yourself up for failure and a bunch of bad PR.

If you succeed, then congrats. But why take the risk?

Plus, the higher number of BTC they get, the more disappointed all the investors will be after mining dilutes their shares by 60%+.

Mark my words. This isn't gonna end well for the presale buyers. The miners are the ones who will benefit the most. The presale buyers are for impatient people who are prone to panic buys from hype.

Agree I'm sitting this out too!

[overthetop2011]

What the use of ether coin?

I can not figure out the profitable model of holding the coin.

thoughts?

[dzarmush]

Let's say they are able to gather 10K BTC for 83.5% coins. It's 12,000 BTC market cap, 11th place on coinmarketcap.com.

Ok, it looks much better. Could bring 200-300% profit short term.

[dzarmush]

Holy crap, they got 1000 BTC more over the last hour.

6,272,778 ETH sold | 3136 BTC