[ANN] Ethereum: Welcome to the Beginning

[msin]

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 

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.

[drawingthesun]

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.  

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.

[GigaCoin]

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.  

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  

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)

[Brilliantrocket]

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.  

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.

[Wreathy]

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


yer 3900 of them whaaaaooooo

[snipsnoop]

Close to 5k now. sick

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

[Its About Sharing]

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.  

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.

What is wrong with discussion? Your statement sounds like a reformation of "You are either with us or you are against us."
If anything, these Cryptos are about more than black and white choices.

[Its About Sharing]

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 

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.

I think you got that a bit backwards.
If anything, Crytpo will be the future of regulation and it will not come from above on down, rather from us to them. 

[GigaCoin]

Close to 5k now. sick

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

That's nothing, this IPO could easily hit 50K BTC by the end of it.

[trunzo]

PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE
.JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC.

You will also be emailed a backup of this file and redirected to the final step when a transaction is detecte

Cannot find the .json wallet file (ethereum-wallet-.json)! Anyone the same problem?

[damiano]

With the amount of btc pouring in I would expect a mega pump once shares are released and listed

[BlackPrapor]

With the amount of btc pouring in I would expect a mega pump once shares are released and listed

Did you mean mega dump?   

[mladen00]

PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE
.JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC.

You will also be emailed a backup of this file and redirected to the final step when a transaction is detecte

Cannot find the .json wallet file (ethereum-wallet-.json)! Anyone the same problem?

you will get it on yours e-mail

[damiano]

With the amount of btc pouring in I would expect a mega pump once shares are released and listed

Did you mean mega dump?  

nah well yes, but after the pump.  I see this being the greatest pump of all time. but yes there will be many sad bagholders

look at the viacoin pump (not as epic as the blackcoin one), but it was an ipo

blackcoin was the best pump i have seen (especially if u got in at 600 satoshi)

[manlabor]

Mining question.  What are everyone's expectations on being able to mine this when released. Are there any coins in particular that might see a drop in overall difficulty/nethash? It seems to me that despite all the new and old coins, there never seems to be a shortage of hash power.

[trunzo]

PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE
.JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC.

You will also be emailed a backup of this file and redirected to the final step when a transaction is detecte

Cannot find the .json wallet file (ethereum-wallet-.json)! Anyone the same problem?

you will get it on yours e-mail

I'm sorry, but i do not understand.

"PLEASE ENSURE THAT YOU HAVE DOWNLOADED YOUR WALLET AND ENSURED THAT THE
.JSON WALLET FILE (ethereum-wallet-.json) IS ON YOUR COMPUTER BEFORE YOU SEND ANY BTC."

How  can ensure that i have downloaded my wallet and ensured that the .json wallet file is on my computer before i send any btc, if i get it in the email? 

Nobody has the same problems 

[TwinWinNerD]

Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised....

So many people will get burned, it is really sad

[poornamelessme]

Desaster in the making. 5000 BTC investing in under 24hours and 43 days to go. The 50000 BTC are likely to be broken in the timeframe and even 75k-100k seems possible. You guys know that devs then get 7500-15000 BTC in ethereum + the BTC itself. Also a yearly inflation that is enourmous at 50000 BTC raised....

So many people will get burned, it is really sad

It is an interesting scenario. On one hand, the coin is certainly unique, has professional coders and a ton of exposure. But the sums being thrown at it are getting scary. I wonder who will be left to buy it after the ipo is over.

It doesn't mean it still can't be profitable, as nobody knows. It's just riskier than I would have thought early on. Mining probably would make more sense than buying now, assuming someone already has mining equipment.

[multibit]

So many people will get burned, it is really sad

Will you be among them?   

Some ppl put in almost 500 BTC. That will get burned for sure.

[jackyrozario]

So many people will get burned, it is really sad

Will you be among them?   

You all are making me confused.