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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1803640 times)
dandruff1138
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July 23, 2014, 02:06:24 PM
 #1641

Holy cow this coin is 50,000 sats and hasn't even been released yet?HuhHuhHuh Shocked Shocked Shocked Roll Eyes

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July 23, 2014, 02:06:28 PM
 #1642

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?

Correct


@Ursurium all 100% of total amount are distributed during the IPO?

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July 23, 2014, 02:07:17 PM
 #1643

Holy cow this coin is 50,000 sats and hasn't even been released yet?HuhHuhHuh Shocked Shocked Shocked Roll Eyes

Yes I think thats because it hasn't been fully released yet.

Currently held as collateral by monbux
drawingthesun
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July 23, 2014, 02:15:18 PM
 #1644

Holy cow this coin is 50,000 sats and hasn't even been released yet?HuhHuhHuh Shocked Shocked Shocked Roll Eyes

Right now these are the numbers:

1 bitcoin buys 2000 ether or 0.02% of the current supply of Ether, this is the same as owning 0.02% of the entire supply of Bitcoins, which is 2,600 Bitcoins or over $1,000,000

Of course, we need to add into account two things; one, the IPO will end with your share being decreased relative to more people buying over the next 40 days and two, the supply will increase by around 26% in the first year, and then 20% for year two. (this trends towards 0% without actually ever being 0% per year)

Because Ethereum is a major coin and one of three coins that matter, I expect Ethereum will settle around 100,000 bitcoin on the market for it's first few years. This means that if the IPO is ends up being around 50,000 to 70,000 bitcoin (remember take into account the first year inflation) then this may very well be a good buy.

Of course this assumes Ethereum lives up to expectations.
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July 23, 2014, 02:26:52 PM
 #1645

Can someone dumb down the innovations of this coin?

How will these innovations affect an average person who knows nothing about programming.

Dı̸̸̸̸̸̸̸̸̸̸̸̸̸̸̸̸̸̸̨̨̨̨̨̨d you try to wipe it?
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July 23, 2014, 03:03:20 PM
 #1646

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

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July 23, 2014, 03:09:10 PM
 #1647

"...nobody might be able to buy or sell except a person having the mark, the name of the wild beast or the number of its name. Here is where wisdom comes in: Let the one that has intelligence calculate the number of the wild beast, for it is a man's number; and its number is six hundred and sixty-six."-.Revelation 13:17,18

the number of the beast isn't 666 it was a miss translation, you just quote a miss translation. let me try now

Einstein- "I love's me some bitches"

The number of the beast is 1337. And it represents the number of forks people will create, before everything collapses into the abyss, because everyone was busy creating forks, and forgot to take out the rubbish bin.

There is no place like 127.0.0.1
In blockchain we trust
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July 23, 2014, 03:13:02 PM
 #1648

how many coins are the devs allocated and held by the founder?

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unthy
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July 23, 2014, 03:17:45 PM
 #1649

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

I missed this point, so they can run away a month from now saying bye bye to all investors?

cassius69
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July 23, 2014, 03:18:39 PM
 #1650

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

I missed this point, so they can run away a month from now saying bye bye to all investors?


can and will if history is any indicator  Grin

damiano
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103 days, 21 hours and 10 minutes.


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July 23, 2014, 03:22:49 PM
 #1651

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

I missed this point, so they can run away a month from now saying bye bye to all investors?


correct

whats why everyone needs to read the terms and conditions

when i saw that i walked away..good luck to everyone
drawingthesun
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July 23, 2014, 03:33:04 PM
 #1652

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

This is poor form.

I see, raise money and put as many out clauses as possible, that will inspire confidence!

I'm sure they will deliver, but I never expected such legal manipulation from the Ethereum team.
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July 23, 2014, 03:35:46 PM
 #1653

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

I missed this point, so they can run away a month from now saying bye bye to all investors?


correct

whats why everyone needs to read the terms and conditions

when i saw that i walked away..good luck to everyone

But still it seems to be a very big chance for those who want to risk. This is an one-time opportunity to get Ethereum at the beginning, something like mining BTC on your personal PC in 2010...

sin242
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July 23, 2014, 03:38:18 PM
 #1654

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

This is poor form.

I see, raise money and put as many out clauses as possible, that will inspire confidence!

I'm sure they will deliver, but I never expected such legal manipulation from the Ethereum team.


To be fair, there are things like this and much, much worse in most EULAs that people click through.  Not saying this isn't a cause for concern, but it's just as likely that
the team had a lawyer draw everything up and something like that isn't really suprising.

Dark:  Xk9BoVerBd41JCjWQEhnxoowP7YNUK439z
BTC:  1JzPN2h8WGSi7kQeY5wuP4PjVD2hxkHJQM
msin
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July 23, 2014, 03:41:01 PM
 #1655

But still it seems to be a very big chance for those who want to risk. This is an 41 day opportunity to get Ethereum at the beginning, something like mining BTC on your personal PC in 2010...

FIFY  Smiley

A T/C and Purchase Agreement, dear god, it's too official for me.  Regulation will kill Crypto.  Satoshi rolling over in his bed/grave right now.
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July 23, 2014, 03:56:26 PM
 #1656

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

This is poor form.

I see, raise money and put as many out clauses as possible, that will inspire confidence!

I'm sure they will deliver, but I never expected such legal manipulation from the Ethereum team.


To be fair, there are things like this and much, much worse in most EULAs that people click through.  Not saying this isn't a cause for concern, but it's just as likely that
the team had a lawyer draw up the EULA and something like that isn't really suprising.

Law is about balance, especially when it comes to situations that are not as clear cut as your average contract.

This EULA sounds like it was written by your standard lawyer who will cover his clients every possible outcome without regard to any possible fallout due to the EULA being too biased.

A smarter lawyer would discuss with their client about potential clauses that can cover them but that could backfire due to being not in the clients customers interest at all.

Not all lawyers see things in such a dull manner and understand that some terms are going to be politically sensitive and need review.

This clause should have been left out, with regard to how many scams the Bitcoin community has undergone. I personally have lost hundreds of Bitcoin to scams. If the Ethereum team fail to launch a working system we need the ability to face them in court. This forces them to work for the money we are sending them.

This lawyer did not understand the complex matter of the current Bitcoin investment climate.
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July 23, 2014, 04:05:06 PM
 #1657

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

Lmao, that clause reminds me of all those IPO scams that happened, always there for CYA purposes.

However I think its different with Etereum, I have faith in the team. I've generally been pretty spot on about my choices in crypto and I'd definitely get into Ethereum. If you dont have much appetite for risk especially after all the scams that happened, i would just throw in 1 Bitcoin or half a coin and see where it goes.

Worse case you lose that much, they get filthy rich and you work for a few hours or a week (depending on your income) to recover that  Cheesy

Ethereum is revolutionary and can bring p2p to the next level.

Edit: I'd like to mention that despite backing Ethereum, I am dissapointed with the IPO/sale pricing, since it has high risk given the maths, of not returning much to the investor (who took the largest risk)

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July 23, 2014, 04:08:21 PM
 #1658

Terms of ether sale:

https://www.ethereum.org/pdfs/TermsAndConditionsOfTheEthereumGenesisSale.pdf

clause 19.9

Risk that Ethereum Platform May Never be Completed or Released.

Purchaser understands, that while Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released
and there may never be an operational Ethereum Platform.  Undecided

This is poor form.

I see, raise money and put as many out clauses as possible, that will inspire confidence!

I'm sure they will deliver, but I never expected such legal manipulation from the Ethereum team.


To be fair, there are things like this and much, much worse in most EULAs that people click through.  Not saying this isn't a cause for concern, but it's just as likely that
the team had a lawyer draw up the EULA and something like that isn't really suprising.

Law is about balance, especially when it comes to situations that are not as clear cut as your average contract.

This EULA sounds like it was written by your standard lawyer who will cover his clients every possible outcome without regard to any possible fallout due to the EULA being too biased.

A smarter lawyer would discuss with their client about potential clauses that can cover them but that could backfire due to being not in the clients customers interest at all.

Not all lawyers see things in such a dull manner and understand that some terms are going to be politically sensitive and need review.

This clause should have been left out, with regard to how many scams the Bitcoin community has undergone. I personally have lost hundreds of Bitcoin to scams. If the Ethereum team fail to launch a working system we need the ability to face them in court. This forces them to work for the money we are sending them.

This lawyer did not understand the complex matter of the current Bitcoin investment climate.
These are the terms being offered. Don't like it, don't invest. Even with such open ended terms, they're going to get thousands upon thousands of Bitcoin.

  
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Wreathy
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July 23, 2014, 04:15:43 PM
 #1659

http://cointelegraph.com/news/112129/ethereum-raises-3700-btc-in-first-12-hours-of-ether-presale


yer 3900 of them whaaaaooooo

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July 23, 2014, 04:18:53 PM
 #1660

Close to 5k now. sick

https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2
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