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

[bitjoint]

Stop bitching and moaning. Don't like idea? stay away... Like the idea and want to support the development? help...

It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...

I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.

[noelmal]

I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.

A fool and his bitcoin are soon parted... this is how I see it.  

[TaunSew]

this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.

this is wrong .

Preach it, bro.

When I saw the "founders" list and actually know some people on it...
It is loaded with people that bought the "founder" title by investing $100K or whatever...
People with close to zero technical skills, but with $$$.

This is all designed to FLIP to greedy MOOKS... and make 1000%...
Selling unregistered securities in this manner to the public is TOTALLY ILLEGAL in North America.

Yeah it's a ponzi scheme ran by a few wealthy investors, your point?

eMunie came before Ethereum and IIRC they were able to get like $1 million pre-IPO from a bunch of suckers.  We don't know how much pre-IPO was invested into Ethereum but I assume it's millions.  The current IPO is likely just pre-IPO investors transferring their funds over in internal buying.

[Queeq]

Stop bitching and moaning. Don't like idea? stay away... Like the idea and want to support the development? help...

It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...

I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.

People are simply exchanging their thoughts which is perfectly normal and beneficial for everybody as one cannot digest all the variety of possibilities on his own. Sharing of ideas will help many people to make objective decisions. Don't like the idea? Stay away.

[bitdig]

Not exactly
You are missing one point.
Gold already has a market and demand for it (it exists, its proven, and everyone on the earth wants it). Gold has value today and will have tomorrow.

On other hand they created (wait... they want to create) something that MAYBE will have a value. See the difference?
First they need to deliver the product, second they need to make you, me and everyone else to have a desire to buy more and more ethers..

Another thing, presale or IPO are usually used to make some money that will help "company" or project grow.
In their case it is not capped(!) they are ready to take as much as we can give them, even if they dont need it....

Another aspect to consider - presale or IPO usually(!) benefit those who risk their money before everyone else with reward for the risk they take. Here, again, it is questionable, are you sure that next year there will be enough demand to reward risk of your investment today?

here is my post from another topic:

Ethereum is out now.
I wanted to "invest", the idea is good... but now, after I learned more...

I just looked at their website they already "raised" about 3000 bitcoins... The odd thing is from what I learned is that there is no cap on number of coins and the future coins coming to the market just a percentage of "presale", which makes me think of a very strange strategy...
as many people invest the less value of each coin will have...

Their prelaunch is actually will dictate next years number of coins, so if there will be 1.000.000 coins mined next year or 300.000.000 coins is simply dictated by their prelaunch... And such a difference in number of next year(s) mined coins will have an impact on coins value for sure... Apparently, more people invest in ethereum the lower value of each coin will have... What the hell??

It appears they settled on the fixed percentages a long time ago.  the difference in 1 million coins released an 100,000 coins mined the following year is the same as 1 coin released and .1 mined the following.  your saying the more people want to buy gold the lower its price? its interesting concept.  I dont see how more excitement and a large ipo could ever lead to a lower price in the future.  if it fails horribly the price would be low anyways

[Fernandez]

I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.

A fool and his bitcoin are soon parted... this is how I see it.  

Keeps happening regularly, you can see by the number people crying after all those IPOs. Even for legitimate IPOs they don't do a proper research. Like the Maidsafe one it was clear it was a form of cashing out of Mastercoin holders, but yet they all flocked to pour their Bitcoins in.

[marcelus]

The trouble with a huge IPO or pre-sale is the fact it's being conducted in a lawless wild west free market saturated with scammers and thieves.

and if that is not the no. 1 concern for people then your all brain damaged big time.

this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.

this is wrong .

and Crypto-Excuses™ and verbal gymnastics run rampant just as Hitler did stuffing millions of Jews in a gas chamber !
Nothing changes.. BAD behavior.. justified.

crowd fund and angel invest my ass IPO douche bags !

The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense. 

[Mercator]

So far it looks like the Ethereum pre-sale has raised 6300 BTC or nearly US$ 4 million - so there is every expectation that they will reach their $30 million target in the time-frame they set up.

If this happens it will become the largest ever Crypto-IPO and the Ethereum team will have their work cut out dealing with the influx of cash after striving for so long on very little.

Good luck to them for pulling off what is a very ambitious scheme - they have done their homework and attracted a lot of confidence that they can succeed.

We need these kind of initiatives in the crypto-world as they stabilize and strengthen the whole eco-system.

It is too easy to call these initiatives scams - I think there is far more at stake than that.

[r0ach]

The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense. 

The blockchain has NOTHING to do with IPO being an extremely easy method of committing fraud and gaining an infinite amount of premine + profit at the same time.

Example:

1)  I create a coin, protocol, whatever jibberish you want to call it called "etherealcrap".

2)  I offer 50% of the coin as IPO

3)  I create 10 separate BTC wallets and put 1 BTC in all of them and send it in to the IPO address.

4)  Since there was a total of 20 BTC sent in for the IPO all together, and I was responsible for half of it, I get 1/2 of the IPO premine for free because all BTC I spent returns to me anyway.

5)  Net profit for me is half of the premine + 10 BTC, and I spent nothing.

[marcelus]

The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense.  

The blockchain has NOTHING to do with IPO being an extremely easy method of committing fraud and gaining an infinite amount of premine + profit at the same time.

Example:

1)  I create a coin, protocol, whatever jibberish you want to call it called "etherealcrap".

2)  I offer 50% of the coin as IPO

3)  I create 10 separate BTC wallets and put 1 BTC in all of them and send it in to the IPO address.

4)  Since there was a total of 20 BTC sent in for the IPO all together, and I was responsible for half of it, I get 1/2 of the IPO premine for free because all BTC I spent returns to me anyway.

5)  Net profit for me is half of the premine + 10 BTC, and I spent nothing.

Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone. Everyone will be watching to make sure this is the case. If there is misappropriation of funds, action can be taken.

Like everyone else, you are rewarded with shares from the IPO for your BTC investment.

Nobody gets anything for free.

[r0ach]

Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.

Says who?  There's no law requiring this.  The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want.

[91porn]

big IPO 

[marcelus]

Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.

Says who?  There's no law requiring this.  The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want.

Yes there is. From the website and all that is advertised it is quite clear the Ethereum board have entered into a contract with their investors. They can't just cut and run. Keep clutching at those straws.

[Richy_T]

I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.

[bubble83]

"Unbreakable contracts"? "enforced by the blockchain"?

If someone walks away from a contract it's usually the courts who have to deal with it, not the blockchain.

[marcelus]

I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.

You misinterpreted me. The blockchain ensures transparency and public auditability during a crypto IPO. It is the courts that enforces the contract between the Ethereum foundation and its investors. This has nothing to do with the blockchain. I never claimed otherwise.

[Spoetnik]

Stop bitching and moaning. Don't like idea? stay away... Like the idea and want to support the development? help...

It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...

I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.

the mind your own business retort is a fail and.. childish to boot !

too many people minded their own business before and it cost the lives if Millions of Jews !

i am REALLY getting sick and fucking tired of you greedy corrupt mouthy scammers leaking verbal diarrhea out of your dick holster's !

for now on i am going to copy and paste this below and jam it down your stupid mouthy throats every time i hear the cliche'd Crypto-Retort "Mind your own business"

read morons..

The 'ole Crypto-Retort "Mind your own business" is broken retarded logic !

WARNING = ANALOGY TIME

if you owned a home in your own nice affluent neighborhood and your next door neighbor decided to start handing $100 dollar bills out to bums.
then what ?
i would LOOOOOOVE to look you right in your hypocritical eye and laugh my ass off,
when you bitched and complained when your property value was chopped in half
because 1,000 bums had started living in your neighbors front yard..

one of many points (reason(s) "mind your own business" is bad) and examples i can make..
further more the ONLY reason people make excuses for bad behavior publicly is because your guilty of supporting it.
nobody is going to say shit like that and be innocent little angels.. come on LOL

[sickpig]

Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.

Says who?  There's no law requiring this.  The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want.

https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

all the btc raised are still there it seems.

[Richy_T]

I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.

You misinterpreted me. The blockchain ensures transparency and public auditability during a crypto IPO. It is the courts that enforces the contract between the Ethereum foundation and its investors. This has nothing to do with the blockchain. I never claimed otherwise.

http://etherscripter.com/what_is_ethereum.html

[marcelus]

I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.

You misinterpreted me. The blockchain ensures transparency and public auditability during a crypto IPO. It is the courts that enforces the contract between the Ethereum foundation and its investors. This has nothing to do with the blockchain. I never claimed otherwise.

http://etherscripter.com/what_is_ethereum.html

Yes that's when Ethereum is launched and people use it. And their claims are correct. I was merely talking about the IPO, which is different, as the contract cannot be enforced by the bitcoin blockchain. It can be only regulated and audited.