Ethereum IPO reboot coming, time to get nervous about the future of crypto

[rdnkjdi]

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.

Yea so without getting technical.  IBM didn't fork any of those coins.  Nick Szabo didn't tweet about any of those a half a dozen times.  Peter Theil wasn't interested in those coins.

Ethereum can stay worth $0.30 for all I care (or $0.15 if you wanna use BTC ratios) and still work fine (it won't).  But comparing it to Paycoin or Aura is laughable.  Aura was a copy.  Paycoin was a string of outright lies from a known scammer.

Ethereum was far beyond what either of those projects ever even tried before it raised a dime.

[1715532671]

1715532671

[kelsey]

why would there be anything to worry about in the future of crypto over anything related to ethereum?

ethereum as future of cryptos goes is irrelevant.

[HCLivess]

Thanks for the input

[kelsey]

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.

oh the irony of crypto development needing fiat   

[box0214]

smart move on their part going on a half ass release.

they are looking to liquidate their ether in order to raise funding since they are running out and also they want everyone else to hopefully build on top of their platform for free.

so you gotta have the hype and marketing going. good job btw! if they didn't no one would care not even trolling threads like this.

[ElitistCA]

People who hijacked this thread totally want to buy into Ethereum cheap. It is so visible, it makes me smile. Atleast you know who are buyers of your ETH

[nutildah]

No, we really could care less. Look at BTS right now. ETH is currently the 3rd largest crowdsourced projected ever developed, raising over $18 million, and they still need more money, to work on something that hasn't been released as a working version after over 1.5 years of talk and promises???

The moment ETH hits the exchange, its price will plummet. That's the way it always goes. At the rate its been going, I don't mind waiting a whole nother year before I drop a dime into it.

[kelsey]

ETH is currently the 3rd largest crowdsourced projected ever developed, raising over $18 million, and they still need more money, to work on something that hasn't been released as a working version after over 1.5 years of talk and promises???

https://www.youtube.com/watch?v=g8zYSYrUAKo

[Belogvardeec]

https://poloniex.com/exchange#btc_eth

[bonipper]

https://poloniex.com/exchange#btc_eth

Trading won't start for another day yet. Poloniex posted this message an hour or two ago, although there's no mention of it on the Ethereum market page itself. They put it in the little list of announcements on the right hand side where people might miss it.

Ethereum deposits are delayed 24 hrs from 2015-08-07 03:50 UTC per dev request. The developers may rollback the chain up to 24 hours in case of an issue. As a result, the developers asked all exchanges to wait 5760 confirms (24 hours) to credit ETH deposits in case the chain is rolled back.Posted by OldManKidd at 2015-08-07 05:32:22

[r0ach]

Well guys, don't say I didn't warn you.  From the charts, it looks like they used IPO funds to pump and dump their own product unless Wolong wants to come along and take credit for it.

[spartacusrex]

Well guys, don't say I didn't warn you.  From the charts, it looks like they used IPO funds to pump and dump their own product unless Wolong wants to come along and take credit for it.

GRUDDAMNIT.. You DID WARN US!!

..

I am a little shocked that they sold all their ETH though... surely their BTC holdings were enough, or should have been.

Now they have no incentive to see this thing through to the end.. That's the only valid point of a 'pre-mine' (whatever vitalik calls it), to keep the main devs interested. But now they have no ETH, they have no incentive to stay at the party.

Also - roughly 10-20million ETH ? was dumped by them at the beginning.. How much BTC was that ? Where has that gone ?

Without that seriously massive dump early on, who knows where the price would be now..