[ANN] Ethereum: Welcome to the Beginning

[ultrasmart]

Let's just say that the value of BTC were to continue its pattern from the last few years.  If that were the case, the value of BTC would spike dramatically over the winter of 2014-15.  

-Now, how would a person acquire a large sum of BTC before that happened?  
-How could that person ensure that the price of BTC was suppressed just long enough (you would need a lot of BTC), eventually removing the walls and enabling a quick, emotional bull ride?
-What if you could tie up so much BTC on the market, that investors would be unable to sell off BTC during the pump, increasing the speed and height of the BTC price climb based on the appearance of unavailability and apparent demand.
-Perhaps you wouldn't even need to acquire a large sum of BTC, maybe you could just borrow it for a while...long enough to make a profit and then give the BTC back.  (like butterfly labs!)
-Now, where could you get (borrow) millions of dollars worth of BTC?  Could you make people believe that they had a lot to gain by letting you borrow hold their BTC right before the value of BTC skyrocketed?
-What if you don't know the exact date that BTC will rise, but you have it narrowed down to the winter of 2014-2015?

Oh conspiracy theories lol...
...but if that thought process led to the "creation" of ethereum, wouldn't it just be the greatest scam in crypto yet!  Hopefully that isn't the case, since I bought a few  

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[theironman]

People are buying so madly, what would be the long term price of one ether? Will it be 100 dollars? Nay..... supply would be so much?

Well basically it takes a one big (not even huge) game-house to match that price cap estimate, so it depends about what ether can do for companies and how its used. Because if it will provide incredible building blocks to build on, it can have a lot of value, which will reflect on the price. Who knows! 

This does not directly relate, but here is a bit of history:
On April 20, 2009, Sun and Oracle Corporation announced that they had entered into a definitive agreement under which Oracle would acquire Sun for $9.50 a share in cash. Net of Sun's cash and debt, this amounts to a $5.6 billion offer from Oracle.

[BitThink]

Maybe Ether will be a successful investment, but I choose not to go. I just don't believe some guys (already become multi-millionaires through this IPO) will be hard working enough to turn a lot others to millionaires. We are not angel investors, and neither VC investors. We don't have access to their account books; we don't have any lawyers to protect us; and we don't have even votes. The only thing we can do is just crossing the fingers and wish those millionaires are really kind enough to not spend all those money in beach resorts, beautiful mansions, ..., but spending 12 hours a day, 6 days a week in front of computers. Let's wish it is possible.

BTW, do you know why CxOs cannot sell their shares as their wish after the real world IPO? The CxOs of Ether don't need to worry about this. They get all the IPO BTC and still can sell their free Ethers later as much as they want. Let's wish they are all real gentlemen.

[BBmodBB]

...this ethereum thread... oh man where do i begin?...that pyramid logo?        Lmfao~//^over my head!!!

[Wolf Rainer]

The bitcoin dump was for the Ethereum ipo dumping?

https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

[shanuu]

Maybe Ether will be a successful investment, but I choose not to go. I just don't believe some guys (already become multi-millionaires through this IPO) will be hard working enough to turn a lot others to millionaires. We are not angel investors, and neither VC investors. We don't have access to their account books; we don't have any lawyers to protect us; and we don't have even votes. The only thing we can do is just crossing the fingers and wish those millionaires are really kind enough to not spend all those money in beach resorts, beautiful mansions, ..., but spending 12 hours a day, 6 days a week in front of computers. Let's wish it is possible.

BTW, do you know why CxOs cannot sell their shares as their wish after the real world IPO? The CxOs of Ether don't need to worry about this. They get all the IPO BTC and still can sell their free Ethers later as much as they want. Let's wish they are all real gentlemen.

Good point!

The current price of Ether is 0.3$. So we have over 16 mil $ atm invested in this coin. So the main dev is defenetly a millionaire cause after all it wass hes ideea.
So a millionaire working for making us millionaires asswell is very hard to believe.

Just a thought... 

[BohemianStalker]

What a dumb thing to invest in.

With 1 BTC you could buy about 0,1-1% of coins like dogecoin,darkcoin in their beginings.

With 1 Btc here you ar buying about 0,0000385%

To say that differently . You are trusting ethereum about 3000-30000X more than Darkcoin. Interesting.
Or you could invest in 3000-30000 beginning altcoins.

Dont you think few would made that 10x-100x push?
Those mentioned above did just that.

[Patel]

People should know, this "pre-sale" is not designed to give buyers profit. It is to fundraise for development. If you invested with the mindset your gonna make a positive ROI, you have made a mistake.

Once mining starts, presale shares will be dilluted by more than 60%. Smart people will just wait until release to mine, or buy from the miners. Not to mention, Ether is only good for people who want to create contracts. If I had to guess, I'd say 75% of investors have no intention of creating contracts. They are in it for speculation. Miners selling, presale buyers selling, and most people have no intention of creating applications = sell pressure.

It sickens me that the Ethereum team is this greedy. 26000+ btc is much more than they needed. Just greed. Not to mention all the internal beefs the Ethereum team will be having. Charles' passive aggresive Reddit title at presale tells the whole story. Team members didn't even know what day the launch was happening.  Now a group of unorganized people have fundraised 26000 btc for a project that is not even in beta yet. Still proof of concept.

[loges]

If the main objective of a new blockchain project like Ethereum is to create smart contracts on the blockchain to sidetrack the bloat involved in contracts as they are, why would anyone pay more for such technology than they would otherwise? If it is cheaper to use this new technology to create contracts then all invested have no chance of profit taking IMO.

Doesn't the new Viacoin Clearing House offer the same product at a much lesser price? And couldn't another pop up any day like the hundreds of alts?

[devachelekar]

There are three scenarios that this team is collecting fund. Now it is the third scenario, I think they should stop pre-sale. If it remains like this, there would be 100 mil coins that would be sold in pre-sale that are priced above 0.00007 . and remember this coin also be mined , so the supply would be much higher. And finally there is still a time of 5 to 6 months before actually this coin becomes reality. It is only anticipation that this will work, no guarantee. How much money this dev team requires to build this technology? They should have stated it earlier like 1000 btc... 10000 btc and then the supply would be off. But none of this. It is like infinite collection of money. Its like funding the blind future.

[Riddikulo]

This is going to kill the bitcoin. But not for remplace it, for the big dump it will make with that 24k btcs.

[loges]

Does anyone know how ethereum will be used for creating contracts? Do you have to own ether? How much? I'm trying to understand how it will be valued.

[Vlad2Vlad]

This is going to kill the bitcoin. But not for remplace it, for the big dump it will make with that 24k btcs.

How is a coin which can be copied and pasted kill anything especially Bitcoin?  There's a lot more to the value of a currency than the features which here can be easily copied.

You guys are only looking at the tech when in reality this is all so much more.

[Vlad2Vlad]

The bitcoin dump was for the Ethereum ipo dumping?

https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Doubtful.  They already laid out a plan for how much BTC they'd sell and they said they were holding on to most of their BTC.

This is just the final drop on value before the next big run which will probably start by September.

[Benjig]

The bitcoin dump was for the Ethereum ipo dumping?

https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Doubtful.  They already laid out a plan for how much BTC they'd sell and they said they were holding on to most of their BTC.

This is just the final drop on value before the next big run which will probably start by September.

yeah but to hold on most not on all of them.. just a sell off of 15 percent of their bitcoins is a 3000+ btc dump.. that you people who invested on this are suffering

[dandruff1138]

I fear this coin is too complicated for the casual user.

[solid12345]

I don't have a stake in Ethereum but I can't believe people are using the excuse of the devs cashing out as a reason to dump Bitcoin, their conversion to fiat is only a million dollars out of a market cap of 7 billion! It means nothing! If some random guy decided to cash out this many Bitcoins no one would notice or care, it's bizarre...

[Vlad2Vlad]

I don't have a stake in Ethereum but I can't believe people are using the excuse of the devs cashing out as a reason to dump Bitcoin, their conversion to fiat is only a million dollars out of a market cap of 7 billion! It means nothing! If some random guy decided to cash out this many Bitcoins no one would notice or care, it's bizarre...

I really can't believe it either and in fact I don't think that's what's happening.  It's just not possible, people can't be that stupid.  Can they?  lol.

I think it's the normal summer lull, we had it last august and it's the same now.  It's also the final leg down before the start of a big run which should start next month.

This is also like last year. If you have the money then this is the time to buy all the BTC and alts that you can.

Cheers!

[AlfaONE]

Please clarify this, as this is the most important part of YOUR    Terms and Conditions.

It states that "Ethereum, has NO obligation to even  Complete the SOFTWARE"


Link 1: https://www.ethereum.org/pdfs/EtherProductPurchaseAgreement.pdf


 IMPORTANT PART OF THE TERMS AND CONDITIONS


 Link 2:  https://2ch.hk/cc/src/1406117429315.jpg


In simple  terms, it states that everyone should hand over their BTC, but Ethereum will not complete the Software?

[ieatm3s]

Well, they can't be held liable for not delivering the software, that is why it is stated there.