|
Nullu
|
 |
July 23, 2014, 01:35:48 PM |
|
Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.
Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT. It does seem rather arbitrary, yes. Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC. So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher. For a company with no product. Just promises. Does that sound like a worthy risk/reward ratio? That's up to you. |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
|
|
|
|
Baitty
|
|
July 23, 2014, 01:40:28 PM |
|
Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.
Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT. It does seem rather arbitrary, yes. Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC. So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher. For a company with no product. Just promises. Does that sound like a worthy risk/reward ratio? That's up to you. I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin. |
Currently held as collateral by monbux
|
|
|
hellscabane
Legendary
 Offline
Activity: 896
Merit: 1000
|
|
July 23, 2014, 02:27:15 PM |
|
It does seem rather arbitrary, yes.
Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.
So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.
For a company with no product. Just promises.
Does that sound like a worthy risk/reward ratio? That's up to you.
Based on the way the crypto world works, the risk on this is significantly high. But in terms of a more mainstream investment, it's actually more in-line with the "crazy" things that have already happened. Fortunately the test clients that they have had available seem pretty solid in form. This may be very risky, but I'd rather throw something at a company that could have far-reaching impact in the entire crypto realm (and not just via ethereum, but also in terms of future IPOs in terms of crypto and other similar regulatory issues) than at some of the ridiculous things that have had wildly inflated valuations. [Example: the "Yo" app raised over $1.5M and is valued at $10M.] |
|
|
|
|
Mercator
Newbie
Offline
Activity: 17
Merit: 0
|
|
July 23, 2014, 04:44:58 PM |
|
The Ethereum team seem to have done their legal stuff right, and in so doing they have set a precedent for a new kind of fundraising for projects - simply selling an essential part of your crypto as a piece of software and therefore selling a product.
This seems a neat way around the SEC, FCA rules and regs and enables loads of people from around the world to participate in a crowd-sale.
Expect to see a lot more fundraisers designed around the Ethereum model in future.
|
|
|
|
|
|
slaveforanunnak1 (OP)
|
|
July 23, 2014, 08:12:26 PM |
|
Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.
Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT. It does seem rather arbitrary, yes. Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC. So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher. For a company with no product. Just promises. Does that sound like a worthy risk/reward ratio? That's up to you. I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin. It's not an alt-coin. If you think of it as that, then i'm not sure if you fully understand what it is. https://www.youtube.com/watch?v=GJGIeSCgskc |
|
|
|
|
|
Coinsy
|
|
July 23, 2014, 10:41:48 PM |
|
Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.
Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT. It does seem rather arbitrary, yes. Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC. So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher. For a company with no product. Just promises. Does that sound like a worthy risk/reward ratio? That's up to you. I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin. It's not an alt-coin. If you think of it as that, then i'm not sure if you fully understand what it is. https://www.youtube.com/watch?v=GJGIeSCgskcNo one fully understands it. |
|
|
|
|
BCFrictionless
Member
Offline
Activity: 87
Merit: 10
|
|
July 23, 2014, 11:02:24 PM |
|
I trust Ethereum. You should trust Ethereum. Don't buy Ethanol, buy Ether. Ethereum. The next big thing. Fcuk Peercoin, Fcuk Bitshares, Fcuk Nxt, Fcuk Nem, Fcuk Bitcoin . To the moon Vitalik Buterin. Love you, make them rich.  |
|
|
|
|
|
seriouscoin
|
|
July 23, 2014, 11:06:09 PM |
|
Is it just me or they remove the "Team" page? LOL
It was on their homepage and now its gone. Someone should find a web cache.
|
|
|
|
|
BitCoinDream
Legendary
Offline
Activity: 2338
Merit: 1204
The revolution will be digital
|
|
July 23, 2014, 11:08:48 PM |
|
Get one simple thing. Ultimately everyone is exchanging their coins against Bitcoin. So none can cross Bitcoin in purchasability. So simply hold Bitcoin... SIMPLE  |
|
|
|
BCFrictionless
Member
Offline
Activity: 87
Merit: 10
|
|
July 23, 2014, 11:08:59 PM |
|
Is it just me or they remove the "Team" page? LOL
It was on their homepage and now its gone. Someone should find a web cache.
Yes, Sir! You are right. Here: https://web.archive.org/web/20140625071719/https://ethereum.org/#whoVitalik Buterin Founder Charles Hoskinson Founder Anthony DiIorio Founder Mihai Alisie Founder Gavin Wood Founder Joseph Lubin Founder Jeffrey Wilcke Founder Amir Chetrit Founder Neal Koblitz Advisor Ralph Merkle Advisor Stephan Tual Communications Taylor Gerring Development Jeremy Wood Administration Mathias Grønnebæk Development Ryan Taylor Development Nicolas Fierro Development Richard Stott Creative Ian Meikle Creative Jason Colby Administration Roxana Sureanu Administration Anthony D'Onofrio Development Addison Cameron-Huff Legal Maran Hidskes Development Jonathan Mohan Communications Houwu Chen Development/Partner Hai Nguyen Accounting Ethan Wilding Philosopher Karl Gluck Research Russell Verbeeten Business Development Joeseph Chow Strategy Jerry Liu Chinese Partner Bin Lu Chinese Partner |
|
|
|
|
|
Yuzu
|
|
July 23, 2014, 11:44:19 PM |
|
I've been looking at this and what bothers me is the start date. It says Winter 2014/15 which could mean anytime from Nov. 2014 to Feb 2015. It seems as though the date should be a little more firm. Small thing, but it bothers me.
|
|
|
|
|
|
TaunSew
|
|
July 24, 2014, 12:06:30 AM |
|
Maidsafe was $8 million IPO and for a long time it went nowhere, only today is it $12 million. You might say that's a good return but, in reality, there's been many other coins with far better returns. People who invested huge money into Maidsafe could had invested into Dark and made tons more.
Ethereum won't go anywhere and they refuse to answer technical questions and hate it when people bring up other second generation coins like NxT. Ethereum is obviously a copyrighting (journalist / marketing coin) which is aimed at dumb rich people with a lot of money who are too lazy to do their own research.
|
There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
|
|
|
|
GangkisKhan
|
|
July 24, 2014, 02:31:06 AM |
|
Maidsafe was $8 million IPO and for a long time it went nowhere, only today is it $12 million. You might say that's a good return but, in reality, there's been many other coins with far better returns. People who invested huge money into Maidsafe could had invested into Dark and made tons more.
Ethereum won't go anywhere and they refuse to answer technical questions and hate it when people bring up other second generation coins like NxT. Ethereum is obviously a copyrighting (journalist / marketing coin) which is aimed at dumb rich people with a lot of money who are too lazy to do their own research.
People who invest without doing their homework deserve what they get. It is not your place to be their nanny. |
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
July 24, 2014, 03:08:37 AM |
|
People who invest without doing their homework deserve what they get. It is not your place to be their nanny.
For other traders and investors of cryptocurrency, it actually is their place due to being a zero sum game. If Vitalik manages to siphon millions out of crypto to provide for his yacht fund, that means other markets will see less revenue and collapse. Money received in scams usually doesn't recirculate in this sector. |
|
|
|
|
seriouscoin
|
|
July 24, 2014, 04:12:20 AM |
|
My business partner was from Toronto and he was also one of the early bitcoiners. He met Anthony in 2011. Anthony comes from a community college with every little understanding of bitcoin technology. Some of his talks was very laughable. As bitcoin price soars, he quit his "doors and windows" company. Now the greedy pigs ready to hand him millions dollars  |
|
|
|
|
|
seriouscoin
|
|
July 24, 2014, 04:13:40 AM |
|
Is it just me or they remove the "Team" page? LOL
It was on their homepage and now its gone. Someone should find a web cache.
Yes, Sir! You are right. Here: https://web.archive.org/web/20140625071719/https://ethereum.org/#whoVitalik Buterin Founder Charles Hoskinson Founder Anthony DiIorio Founder Mihai Alisie Founder Gavin Wood Founder Joseph Lubin Founder Jeffrey Wilcke Founder Amir Chetrit Founder Neal Koblitz Advisor Ralph Merkle Advisor Stephan Tual Communications Taylor Gerring Development Jeremy Wood Administration Mathias Grønnebæk Development Ryan Taylor Development Nicolas Fierro Development Richard Stott Creative Ian Meikle Creative Jason Colby Administration Roxana Sureanu Administration Anthony D'Onofrio Development Addison Cameron-Huff Legal Maran Hidskes Development Jonathan Mohan Communications Houwu Chen Development/Partner Hai Nguyen Accounting Ethan Wilding Philosopher Karl Gluck Research Russell Verbeeten Business Development Joeseph Chow Strategy Jerry Liu Chinese Partner Bin Lu Chinese Partner Someone should save this page, this will be quite useful later. |
|
|
|
|
|
|
|
slaveforanunnak1 (OP)
|
|
July 24, 2014, 06:15:17 AM |
|
People who invest without doing their homework deserve what they get. It is not your place to be their nanny.
For other traders and investors of cryptocurrency, it actually is their place due to being a zero sum game. If Vitalik manages to siphon millions out of crypto to provide for his yacht fund, that means other markets will see less revenue and collapse. Money received in scams usually doesn't recirculate in this sector. Dude, just look at him! (Vitalik) He lived in an abandoned building writing code with the UnSYstem folks. He lived and worked in a way i could not imagine! and for what?? Can you honestly see him in a Labo? Do you really think he can't get a job making 6 figures doing development somewhere? Also, if this is true, they have Merkle on their team.  To me, they seem like the most idealistic group of people and they honestly want to make a change for good in the world. I very well might be wrong but I don't mind throwing a couple of hundred at this and see how it does. I want to support them. They are not just making an alt-coin with a picture of a dog on it! |
|
|
|
|
|
GreenBacksTeam
|
|
July 24, 2014, 06:19:48 AM |
|
We don't understand an ICO like this. They will gather as much as they can without even having a coin or coin specs available yet. They even say they may never release anything, yet they are raising millions in the first couple days. If you invest in this, you won't have any coins for around 6 months, is it really worth it? Hopefully they do something amazing though, and everyone makes money!
|
GreenBacks: A Complete Currency - Launching Soon!
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
July 24, 2014, 06:26:41 AM |
|
To me, they seem like the most idealistic group of people and they honestly want to make a change for good in the world.
All I see is a large bureaucracy with high operating costs that not only wants to recoup them, but make much more on top of that. When people design coins solely to try and make windfall profits, they're usually referred to as scamcoins. IPOs are also a scam since you can create as many mule accounts as you want, send money in with them, then receive infinite premine + get all the BTC back since you're sending it to yourself. |
|
|
|
|
