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Author Topic: Ethereum IPO reboot coming, time to get nervous about the future of crypto  (Read 11823 times)
thecast
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August 01, 2014, 11:42:14 AM
 #121

Too riski of a investment imo
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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ACAB
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August 01, 2014, 11:42:34 AM
 #122

Biggest scam in 2014.
marcelus
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August 01, 2014, 12:56:07 PM
 #123



I'm not saying these are unique concepts, which is precisely why I suggest people invest with their heads and not their hearts. Ask the tough questions before risking everything for potentially nothing.

One of the few bits of sense I've seen on this thread.

I am investing with my head. I've been going to Ethereum meetups in London for months. I've seen the test net in action. It looks more like OSX than the basic clients that exist for the various protocols now. It's going to add a useability that allows non-technical people to use it. I've also seen what the various people in the team have achieved in the past. They've assembled talent that surpasses any other team out there. But first and foremost, he concept the goal, is miles ahead of anything else. That's why I, with my head, not my heart, am going balls deep on this.

The people shouting scam are basing their accusations on frivolous claims and are quite likely trolling as the they have interests in competing protocols.
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August 01, 2014, 03:08:07 PM
Last edit: August 01, 2014, 03:30:04 PM by bitjoint
 #124

It's all hype. Where are the businesses coming out to back Etherium? It all sounds good on paper, but that's it. Big promises, and little evidence. Which makes it any different to any other IPO how, exactly?

Well, it looks like Peter Thiel fancies the idea... That is an uber-hint that only blind people fail to see.

If you don't like it, clone it and run your crowdfunding campaign. If it is *that* easy, what are you waiting for? You could launch your dogethereum and we can all laught at it...  Grin
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August 01, 2014, 03:20:18 PM
 #125

Anyone that invested in this is going to have a long time to be nervous about it as it seems the IPO is extended for a long time until people will see good results. Im still deciding about investing at least 0.1 or so just in case I can get some BTC off it, but as long as long term goes im not sure.

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August 01, 2014, 03:38:34 PM
 #126

Anyone that invested in this is going to have a long time to be nervous about it as it seems the IPO is extended for a long time until people will see good results. Im still deciding about investing at least 0.1 or so just in case I can get some BTC off it, but as long as long term goes im not sure.

I've invested some btc's and I'm chilled as f*ck. In my mind I've given them away to a promising project because I want to see a team pushing the boundaries of crypto development. If I lose them, I'm perfectly fine... because I can afford to lose that money. If you can't, or don't believe in the project, then it is better to stay away...

It reminds me of bitcoin in 2012, and how everybody was telling me "you're nuts for putting money in this nerd circus"...
Istanbul34
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August 01, 2014, 03:42:14 PM
 #127

I don't trust Ethereum.

+ All of the features they are promising are already out in the market right now. I don't know why the world needs Ethereum. Neeextt.
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August 01, 2014, 04:53:34 PM
 #128

It's all hype. Where are the businesses coming out to back Etherium? It all sounds good on paper, but that's it. Big promises, and little evidence. Which makes it any different to any other IPO how, exactly?

Well, it looks like Peter Thiel fancies the idea... That is an uber-hint that only blind people fail to see.

If you don't like it, clone it and run your crowdfunding campaign. If it is *that* easy, what are you waiting for? You could launch your dogethereum and we can all laught at it...  Grin

I neither said it was easy, and nor did I express any desire to launch my own fork of Ether. Save your confidence for when the IPO ends and Ether is fully up and running.

BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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August 01, 2014, 05:04:51 PM
 #129

I'm on the sidelines for this one. Coins like NXT seem to be a much safer bet right now...they've been live since december/january






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August 01, 2014, 08:20:34 PM
 #130

It reminds me of bitcoin in 2012, and how everybody was telling me "you're nuts for putting money in this nerd circus"...

Yeah...plus the fudsters doing their gleeful dance after BTC touched $2 at the opening of '12. It's so much like gold in that way: if you buy in at the point of maximum fud during a solidly established bull trend, you make out damned well. The only trouble with this approach is that you become habituated to seeing fudsters as nothing more than wrong-way-Corrigan klutzes, which means you'll likely go down with the bagholders when the real blow-off bubble is followed by the real carnage. "The stopped clock is still right twice a day."

But for Bitcoin, the above is only long-term bull-session talk. I don't expect a real all-out BTC bubble to blow up, implode and visit carnage all over the land until the close of this decade. Not until then: it's still way too early. Right now, MSM coverage of Bitcoin is well laced with fud. I won't get really worried until MSM - real MSM - coverage is all hypey. With the implication that "Bitcoin Has Arrived!!!" 

Keeping with the indirectly-related-to-Etherium theme, I just saw a Maidsafe chart. It was strikingly like Facebook's after FB's IPO. Downturn making IPOers feel like bagholders, followed by an upturn that rewarded the IPO investors who HODLed through. I have a hintie-hunch that ethers will play the same overture.

(Damn, I wished I had bought FB when it was $25...) 






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August 03, 2014, 12:12:27 PM
 #131

That's why I, with my head, not my heart, am going balls deep on this

Out of interest, what is "balls deep" for you ?

Less that 1 BTC ?
1-10 BTC ?
10's f BTCs ?
100's of BTC's ?

Or, if you like you can express it as percentage of holding.

The thing is, I, like you, have followed the Etherium concept and believe it to be very promising, so I'm throwing a couple of BTC at it to have a "horse in the race". However, I don't beleive in going "balls deep" because:

[1] - the price could plummet as soon as it goes on the market, there is so much speculation involved and so much Ether about with nowhere near the utility value to justify it yet

[2] - if the price doesn't plummet and rises, at least we'll be along for the ride in some capacity

You can't safely go "balls deep" in anything until it's been trading for a while and you can confidently anticipate revaluations based on BOTH fundamentals and trading history. So the optimal approach is, stick a small amount in now as insurance, then trade it confidently once it's launched.

That way you won't miss any boats and you also won't loose your shirt.

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August 03, 2014, 04:21:35 PM
 #132

That's why I, with my head, not my heart, am going balls deep on this

Out of interest, what is "balls deep" for you ?

Less that 1 BTC ?
1-10 BTC ?
10's f BTCs ?
100's of BTC's ?

Or, if you like you can express it as percentage of holding.

The thing is, I, like you, have followed the Etherium concept and believe it to be very promising, so I'm throwing a couple of BTC at it to have a "horse in the race". However, I don't beleive in going "balls deep" because:

[1] - the price could plummet as soon as it goes on the market, there is so much speculation involved and so much Ether about with nowhere near the utility value to justify it yet

[2] - if the price doesn't plummet and rises, at least we'll be along for the ride in some capacity

You can't safely go "balls deep" in anything until it's been trading for a while and you can confidently anticipate revaluations based on BOTH fundamentals and trading history. So the optimal approach is, stick a small amount in now as insurance, then trade it confidently once it's launched.

That way you won't miss any boats and you also won't loose your shirt.



However much it is, it sounds like he has put all his eggs in one basket, which is a big gamble to take.
Digicoiner
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August 06, 2014, 12:22:59 AM
 #133

Does anyone know if you can purchase ether from the same BTC address?  I'm thinking of buying some more.
Benjig
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August 06, 2014, 12:32:36 AM
Last edit: August 06, 2014, 12:45:45 AM by Benjig
 #134

Anyone that invested in this is going to have a long time to be nervous about it as it seems the IPO is extended for a long time until people will see good results. Im still deciding about investing at least 0.1 or so just in case I can get some BTC off it, but as long as long term goes im not sure.

I've invested some btc's and I'm chilled as f*ck. In my mind I've given them away to a promising project because I want to see a team pushing the boundaries of crypto development. If I lose them, I'm perfectly fine... because I can afford to lose that money. If you can't, or don't believe in the project, then it is better to stay away...

It reminds me of bitcoin in 2012, and how everybody was telling me "you're nuts for putting money in this nerd circus"...

I think this resumes all the talk about investing or not, we gamble everyday, in minor or major scale, so take this as a bet, invest what you can afford to lose only and stop looking for the opposite side of the project.
for me the odds of this being successful are high, at leas they have made a very detailed explanation of their project with proofs, not only bullshit promises like most ipos outhere. Anyway im not seeing to be all in on this, that would be very stupid.
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August 06, 2014, 11:30:34 AM
 #135

So lets say, Ethereum is finally released in February sometime and BTC is up around $2000.. Then what? Will Ethereum be dramatically valued? Will everyone rush to cash in causing panic and chaos?

Every coin is relatively pegged to bitcoin. If there's a bubble all their values will go up.
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August 05, 2015, 01:39:47 AM
 #136

LOL this was an entire year ago.... Did they ever actually release anything to the public or is it still just all talk?

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August 05, 2015, 06:38:02 PM
 #137

The released some source code. It's pretty exciting.

However they're out of money now... so I have no idea what the next step is. I'm more interested in seeing the new ethereum clones coming out. I think it'll be the new altcoin thing. No more bitcoin clones, only ethereum clones.
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August 05, 2015, 06:56:01 PM
 #138

The released some source code. It's pretty exciting.

However they're out of money now... so I have no idea what the next step is. I'm more interested in seeing the new ethereum clones coming out. I think it'll be the new altcoin thing. No more bitcoin clones, only ethereum clones.

They released a command line based wallet that lacks a large amount of the promised functionality. If they can't make any more money fast then development stops. They call the advanced wallet they have promised serenity. It's not clear yet if they can afford to keep developing until it's completed.

https://www.reddit.com/r/ethereum/comments/39ujsp/founder_salaries/

[–]luvasugirls 6 points 1 month ago
Hey vbuterin. Just curious, do you think there is enough funding to get to serenity? That's my only concern. If there is, I really wouldn't care how much you get paid.

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[–]vbuterin?THÐ?V - Vitalik Buterin 11 points 1 month ago
Depends entirely on the ether price. At the optimistic 1 ETH = $1.5 value that others have been throwing around, there is more than enough; at 1 ETH = $0.1, no.
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August 06, 2015, 06:04:24 AM
 #139

LOL this was an entire year ago.... Did they ever actually release anything to the public or is it still just all talk?

They released a fully working PoC version to the public prior to fundraising over a year ago.

Since then - there have been nine new PoC releases across three different clients adding features / refactoring code.  The latest stress test handled roughly 10X bitcoin transaction volume.  The network is going live for the developers & the GUI's (which include a web browser & javascript language for Eth development) aren't "officially supported" (some people are using them anyway) until the Homestead release.
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August 06, 2015, 06:11:33 AM
 #140

one word HYPE!
it will die out after the hype, just like aurora or paycoin. ethorieum is a shit name, hard to understand, waste of time and useless piece of scam.
i know most people would think this is there last chance to strike rich in crypto, know this, the world don't work your way. remember it.

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