[ANN] Ethereum: Welcome to the Beginning

[Elokane]

I wonder if MP is still offering his 5000/1 futures contracts?

2.5:1 and yes he still is!! Don't know were you got 5000:1 from!

Where is this happening?

[TwinWinNerD]

I wonder if MP is still offering his 5000/1 futures contracts?

2.5:1 and yes he still is!! Don't know were you got 5000:1 from!

Where is this happening?

You can get in contact with MP here : http://bitcoin-assets.com/

IRC #bitcoin-assets he is squatting in that channel like 16 hours a day

[Elokane]

Thanks. Is he trustworthy?

[TwinWinNerD]

Thanks. Is he trustworthy?

He is pretty much one of the most trustworthy persons out there.
BUT he is an asshole
That being said he may laugh at your for being a newby but he will keep his word 100%

[Benjig]

And how do you know ethereum guys are not inflating the ether sold ? I mean they can fake the amount or autobuy their ether.

[TwinWinNerD]

And how do you know ethereum guys are not inflating the ether sold ? I mean they can fake the amount or autobuy their ether.

Faking the amount is not possible, as all BTC are still present. https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

(Not saying they don't send their own BTC there to inflate! Even though they would need to have a shitton BTC themselve!)

[deephouse]

Can some tell me if Ethereum is only meant/useful for developers? Can it be used/useful for a non IT person?

Bump + 22,216.44112997 BTC in the pot 

[DannyElfman]

Can some tell me if Ethereum is only meant/useful for developers? Can it be used/useful for a non IT person?

Bump + 22,216.44112997 BTC in the pot 

You can use the apps that are built ontop but I doubt you have the skills to program those apps.

Anyway I think the immediate use-cases for normal non-it, non-finance guys is minimal.

[deephouse]

Thanks for the reply. Investment seems interesting.

Based on the what has come so far to that BTC account. The top BTC's investment came into that address from:

WOW!

499.9997
466.7897
330.1797
329.9997
279.9997
264.9997
249.9997
249.9997
227.9997
224.9997
217.9997
199.9997
199.9997
189.9997
188.9997
173.4183
164.9997
157.40362
154.9997
149.9997
149.9997
135.3397
129.9997
127.4537
124.9997
105
103.9997
103.3817976
101.7176

[Benjig]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

[TwinWinNerD]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

Yes, that was my theory as well. Also the reason I wagered that >25000 BTC will be invested (even suggested that up to 50000 will be invested!)

My rationale behind this is the following, the amount of BTC that needs to be pumped into this coin after the launch will be enourmous, if now all people buy in the IPO, this number gets bigger and bigger in addition to that everyone already bought that was interested! So who will be the buyers that buy at over IPO prices? 

I don't know that, and most others don't either!

[Benjig]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

Yes, that was my theory as well. Also the reason I wagered that >25000 BTC will be invested (even suggested that up to 50000 will be invested!)

My rationale behind this is the following, the amount of BTC that needs to be pumped into this coin after the launch will be enourmous, if now all people buy in the IPO, this number gets bigger and bigger in addition to that everyone already bought that was interested! So who will be the buyers that buy at over IPO prices?  

I don't know that, and most others don't either!

this has only two outcomes, first is that as seen on many ipos, investors will be selling his shares at loss without felling bad because bitcoin will be 5 or 10 x more (and if bitcoin remains the same it can happen too) triying to get back a portion of what they blown... and second the only way to see an increase on the price of this ether is that the project indeed sucess and ether starts to be consumed by real needs on the network not only speculation.

[TwinWinNerD]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

Yes, that was my theory as well. Also the reason I wagered that >25000 BTC will be invested (even suggested that up to 50000 will be invested!)

My rationale behind this is the following, the amount of BTC that needs to be pumped into this coin after the launch will be enourmous, if now all people buy in the IPO, this number gets bigger and bigger in addition to that everyone already bought that was interested! So who will be the buyers that buy at over IPO prices? 

I don't know that, and most others don't either!

this has only two outcomes, first is that as seen on many ipos, investors will be selling his shares at loss without felling bad because bitcoin will be 5 or 10 x more (and if bitcoin remains the same it can happen too) triying to get back a portion of what they blowed... and second the only way to see an increase on the price of this ether is that the project indeed sucess and ether starts to be consumed by real needs on the network not only speculation.

The third outcome being that ether never launches what it promissed.

the fourth outcome being that ether is a disapointment and price plummtes even though BTC price doesn't move.

[Benjig]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

Yes, that was my theory as well. Also the reason I wagered that >25000 BTC will be invested (even suggested that up to 50000 will be invested!)

My rationale behind this is the following, the amount of BTC that needs to be pumped into this coin after the launch will be enourmous, if now all people buy in the IPO, this number gets bigger and bigger in addition to that everyone already bought that was interested! So who will be the buyers that buy at over IPO prices?  

I don't know that, and most others don't either!

this has only two outcomes, first is that as seen on many ipos, investors will be selling his shares at loss without felling bad because bitcoin will be 5 or 10 x more (and if bitcoin remains the same it can happen too) triying to get back a portion of what they blowed... and second the only way to see an increase on the price of this ether is that the project indeed sucess and ether starts to be consumed by real needs on the network not only speculation.

The third outcome being that ether never launches what it promissed.

the fourth outcome being that ether is a disapointment and price plummtes even though BTC price doesn't move.

that two options are englobed on my first option.. i was refer to investors selling at loss due to any reason or no matter what reason was why it failed.

indeed the third outcome can be true, but i would say that ethereum never launches what he promised and never put even the shares live and all get scammed with all the investment. (what is almost unprovable when they can launch even a shitty software so they dont have legal issues.),   

[TwinWinNerD]

But if the amount of ether sold continues to get bigger, i mean there is almost a month left, if at the end of this sale there are 200 millions of ether sold, what would you do? do you think a new brand alt coin will support a 100,000 btc price? this ipo can get trapped on his own success. at least for investors, not for the owners.

Yes, that was my theory as well. Also the reason I wagered that >25000 BTC will be invested (even suggested that up to 50000 will be invested!)

My rationale behind this is the following, the amount of BTC that needs to be pumped into this coin after the launch will be enourmous, if now all people buy in the IPO, this number gets bigger and bigger in addition to that everyone already bought that was interested! So who will be the buyers that buy at over IPO prices? 

I don't know that, and most others don't either!

this has only two outcomes, first is that as seen on many ipos, investors will be selling his shares at loss without felling bad because bitcoin will be 5 or 10 x more (and if bitcoin remains the same it can happen too) triying to get back a portion of what they blowed... and second the only way to see an increase on the price of this ether is that the project indeed sucess and ether starts to be consumed by real needs on the network not only speculation.

The third outcome being that ether never launches what it promissed.

the fourth outcome being that ether is a disapointment and price plummtes even though BTC price doesn't move.

that two options are englobed on my first option.. i was refer to investors selling at loss due to any reason or no matter what reason was why it failed.

indeed the third outcome can be true, but i would say that ethereum never launches what he promised and never put even the shares live and all get scammed with all the investment. 

They would be the most hated group of people in the crypto world if that happens but legally they are not required to launch this thing. If you read their TOS it reads like the rules of the worst company in the world

[BitAddict]

Thanks. Is he trustworthy?

He is pretty much one of the most trustworthy persons out there.
BUT he is an asshole
That being said he may laugh at your for being a newby but he will keep his word 100%

Do you know if he provides a collateral in escrow?

[TwinWinNerD]

Thanks. Is he trustworthy?

He is pretty much one of the most trustworthy persons out there.
BUT he is an asshole
That being said he may laugh at your for being a newby but he will keep his word 100%

Do you know if he provides a collateral in escrow?

Most likely not .But as he owns about 300k-500k bitcoins in semi-liquid stock + XXXk in real BTC (most likely) I don't think it is neccessary.

[BetMoose]

I think that the sale will slow down significantly after this next price decrease - most investors who wanted to invest would have done so already. I think you'll see maybe another 1000 or so BTC invested but it'll be from little guys going forward.

In other news, this bet expires in 17 hours if you still want to get your prediction locked in:

___________

Total Ether sold will exceed 25,000 BTCOptions: Yes | No

--------------
If there's interest I'll recreate it with 50K BTC afterwards 

[BitAddict]

Thanks. Is he trustworthy?

He is pretty much one of the most trustworthy persons out there.
BUT he is an asshole
That being said he may laugh at your for being a newby but he will keep his word 100%

Do you know if he provides a collateral in escrow?

Most likely not .But as he owns about 300k-500k bitcoins in semi-liquid stock + XXXk in real BTC (most likely) I don't think it is neccessary.

Mother of god  

[DannyElfman]

Thanks. Is he trustworthy?

He is pretty much one of the most trustworthy persons out there.
BUT he is an asshole
That being said he may laugh at your for being a newby but he will keep his word 100%

Do you know if he provides a collateral in escrow?

Most likely not .But as he owns about 300k-500k bitcoins in semi-liquid stock + XXXk in real BTC (most likely) I don't think it is neccessary.

Mother of god  

Yeah, lucky SOB... right time, right place and apparently not the dumbest person