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Benjig
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July 28, 2014, 09:01:27 PM |
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Another thing I'm curious about is this: if the value of ether reaches a higher value after genesis block (and btw, what's with all the bible references? "genesis block", "exodus address", "serpent" programming language???) than it was sold in the pre-sale, and then massive amounts of ether are sold for bitcoin, how is that going to work? You would have to have buyers equal and greater to the number of buyers in the presale in order for all that ether to be unloaded and picked up in buy orders. But since everyone who supports and knows about Ethereum will buy in the presale, then there will be no demand left after the presale and no buyers. So the value would logically have to drop to a lower value after Ethereum goes live, right? A ton of supply and barely any demand.
This is intended as a long term investment, if the project have success by the end of the year that is when it will go live, tons of more people will come to buy. Dont expect to sell at twice after a week of the end of the presale. |
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TwinWinNerD
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July 28, 2014, 09:36:20 PM |
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Another thing I'm curious about is this: if the value of ether reaches a higher value after genesis block (and btw, what's with all the bible references? "genesis block", "exodus address", "serpent" programming language???) than it was sold in the pre-sale, and then massive amounts of ether are sold for bitcoin, how is that going to work? You would have to have buyers equal and greater to the number of buyers in the presale in order for all that ether to be unloaded and picked up in buy orders. But since everyone who supports and knows about Ethereum will buy in the presale, then there will be no demand left after the presale and no buyers. So the value would logically have to drop to a lower value after Ethereum goes live, right? A ton of supply and barely any demand.
This is intended as a long term investment, if the project have success by the end of the year that is when it will go live, tons of more people will come to buy. Dont expect to sell at twice after a week of the end of the presale. If you expect it to trade poorly after go live, then why not buy then at a discount? |
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windjc
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July 29, 2014, 05:50:02 AM |
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I was first to accept in this thread. I have PMed smaragda. I should be on other side of bet. Leaving home to make an errand does not preclude someone else taking my place.
TwinWinNerD's bet has been matched by windjc... Bets Closed!  Kinda feeling pretty good about this bet.  |
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BigOrangeBee
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July 29, 2014, 07:48:23 AM
Last edit: July 29, 2014, 08:08:57 AM by BigOrangeBee |
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Ursium, you've read my questions, apparently, but I got no response or answers? I thought they were pretty good questions. Also, in the youtube video you provided of Gavin's presentation, the question/answer part of the presentation which happened after his speech was cut out from this version. When I watched this some time ago, I found the Q and A part to be the most interesting and informative part of the speech. Do you have a link to the FULL version, unedited? |
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BigOrangeBee
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July 29, 2014, 08:06:27 AM |
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Another thing I'm curious about is this: if the value of ether reaches a higher value after genesis block (and btw, what's with all the bible references? "genesis block", "exodus address", "serpent" programming language???) than it was sold in the pre-sale, and then massive amounts of ether are sold for bitcoin, how is that going to work? You would have to have buyers equal and greater to the number of buyers in the presale in order for all that ether to be unloaded and picked up in buy orders. But since everyone who supports and knows about Ethereum will buy in the presale, then there will be no demand left after the presale and no buyers. So the value would logically have to drop to a lower value after Ethereum goes live, right? A ton of supply and barely any demand.
This is intended as a long term investment, if the project have success by the end of the year that is when it will go live, tons of more people will come to buy. Dont expect to sell at twice after a week of the end of the presale. It would have to go viral and be accepted on a huge scale very quickly. Judging from how long Linux took to get to the mainstream, I don't know if that's feasible. Also, it would have to replace Windows on computers and android on smart devices, everyone would have to re-register their domains on the ethereum internet. Considering the power and influence of the companies and organizations that exist, I just can't see this revolutionizing anything soon. If its accepted, it would take a long, long time. |
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superresistant
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July 29, 2014, 12:20:33 PM |
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Another thing I'm curious about is this: if the value of ether reaches a higher value after genesis block (and btw, what's with all the bible references? "genesis block", "exodus address", "serpent" programming language???) than it was sold in the pre-sale, and then massive amounts of ether are sold for bitcoin, how is that going to work? You would have to have buyers equal and greater to the number of buyers in the presale in order for all that ether to be unloaded and picked up in buy orders. But since everyone who supports and knows about Ethereum will buy in the presale, then there will be no demand left after the presale and no buyers. So the value would logically have to drop to a lower value after Ethereum goes live, right?
A ton of supply and barely any demand.
Yes, you got it. I predict a painful loss between 50% to 75% for those who will sell during the first dump. I may buy some of yours for less than 25% of what you paid. Also this is implying Ethereum will ever go live which you investors have no guarantee. In the case of non-delivery, expect a very painful loss of 100% of your investment. Sleep well investors ! |
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TwinWinNerD
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July 29, 2014, 12:45:22 PM |
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I was first to accept in this thread. I have PMed smaragda. I should be on other side of bet. Leaving home to make an errand does not preclude someone else taking my place.
TwinWinNerD's bet has been matched by windjc... Bets Closed! Kinda feeling pretty good about this bet. Haha yes looks not bad but I expect many people to wait for the end of the 2000 period to invest. It is a long time to go still! |
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drawingthesun
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July 29, 2014, 12:59:19 PM |
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What are the possible use cases for Ethereum?
I have seen these proposals:
- Issue assets and allow assets to be traded decentralized. (Similar to Nxt Asset Exchange.)
- Create a Namecoin competitor domain name system.
- Issue your own coins on top of Ethereum, these will have the following advantages and disadvantages compared to native cryptocoins.
--{Advantage} They can truly be apart of a decentralized exchange.
--{Disadvantage} They will probably be slower than their native counterparts.
- Run code for DAC's, although I am not sure how sophisticated a DAC could be.
The main thing is that code on Ethereum can only read and write to the Ethereum blockchain. Is this correct?
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nakaone
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July 29, 2014, 01:07:28 PM |
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Another thing I'm curious about is this: if the value of ether reaches a higher value after genesis block (and btw, what's with all the bible references? "genesis block", "exodus address", "serpent" programming language???) than it was sold in the pre-sale, and then massive amounts of ether are sold for bitcoin, how is that going to work? You would have to have buyers equal and greater to the number of buyers in the presale in order for all that ether to be unloaded and picked up in buy orders. But since everyone who supports and knows about Ethereum will buy in the presale, then there will be no demand left after the presale and no buyers. So the value would logically have to drop to a lower value after Ethereum goes live, right?
A ton of supply and barely any demand.
Yes, you got it. I predict a painful loss between 50% to 75% for those who will sell during the first dump. I may buy some of yours for less than 25% of what you paid. Also this is implying Ethereum will ever go live which you investors have no guarantee. In the case of non-delivery, expect a very painful loss of 100% of your investment. Sleep well investors ! just out of curiosity, because many people expect prices lower than in the ipo - why should someone sell below 1btc=2000eth? the only reason I see is an explosion in btc market cap and people valueing their investments in $ instead of btc. the more interesting thing is inflation - with 28% in the first year (?) it is not that high. |
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BigOrangeBee
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July 29, 2014, 01:49:25 PM |
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Superresistant, don't use my words to support your agendas. I am asking questions which I am truly curious about, I'm not trying to smear Ethereum as you are. People here keep using words like "dump", "investment", "IPO", and these words are not relevant because Ethereum is not an altcoin, and ethers are not a currency, they are tokens to be used to work within the Ethereum space and create and use DApps. Legally, ethers are considered purchased software.
Believe it or not, many people have bought ethers simply to support the efforts of the developers to create a decentralized foundation for a new internet, and they are not looking to pump and dump when it hits the market. F***ing wall street mentality.
I am so tired of listening to people like superresistant, who talk crap about everything and don't know anything. Free speech is a right that we all value but it aspires to create good ideas and have real communication. People like superresistant fill the threads with the written equivalent of cow manure. Stop stinking up this forum.
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Ursium
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Ethereum
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July 29, 2014, 02:36:28 PM |
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Also, in the youtube video you provided of Gavin's presentation, the question/answer part of the presentation which happened after his speech was cut out from this version. When I watched this some time ago, I found the Q and A part to be the most interesting and informative part of the speech. Do you have a link to the FULL version, unedited?
It's still very much up at https://www.youtube.com/watch?v=xSMbBsdE45UI'll trace back your questions. I find it very difficult to deal with this thread between the 'satanic vitalik' comments and the 'scam' libel. It's not exactly super motivating to wake up to this, which I guess, is the whole point of trolling. To be fair you're much better off jumping our forums at this point, http://forum.ethereum.org. |
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BigOrangeBee
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July 29, 2014, 05:12:29 PM |
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profitofthegods
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July 29, 2014, 05:24:28 PM |
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Great slideshow. I also wasn't aware that it the project had such a broad remit. Very impressive |
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mladen00
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K-ing®
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July 29, 2014, 06:09:18 PM |
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Very impressive,
for now i invest 0,5BTC. by the end of IPO i will invest 0,0001 x marketcap of ipo; I expect mc 10000 - 12000 btc.
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illodin
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July 29, 2014, 07:02:04 PM |
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What I don't understand about Ethereum is this: How are you going to create a whole entire new internet on a blockchain and not have it lag?
Look at how slow bitcoin is now, after only a few years of existence, and its only processing bitcoin transactions.
How can you build a sustainable decentralized internet on a blockchain and not have it bloat up, slow down and freeze?
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MemoryShock
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July 29, 2014, 08:07:19 PM |
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Thank you for that; I somehow missed that in all of the reading I was doing. Any plans to work with Maidsafe or are they a competitor?
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msin
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July 29, 2014, 08:39:46 PM |
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Thank you for that; I somehow missed that in all of the reading I was doing. Any plans to work with Maidsafe or are they a competitor? They are most definitely a competitor and probably not even on Ethereum's radar. |
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profitofthegods
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July 29, 2014, 09:01:14 PM |
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Thank you for that; I somehow missed that in all of the reading I was doing. Any plans to work with Maidsafe or are they a competitor? They are most definitely a competitor and probably not even on Ethereum's radar. Not on Ethereum's radar? It seems to me that pre-Maidsafe Ethereum was all about Decentralized Autonomous Organisations and contracts, and now its all about Decentralized Apps and making a new internet. Don't get me wrong - I like the expansion to cover more different things, but I suspect it was partly inspired by Maidsafe. |
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