[ETH] Ethereum = Scam

[solid12345]

Don't people get all software is vaporware until it is finished?

Why is it no one automatically calls any movie, music album or product announced 6-12 months or more in advance Vaporware and something that will never come out?

[var53]

Don't people get all software is vaporware until it is finished?

Why is it no one automatically calls any movie, music album or product announced 6-12 months or more in advance Vaporware and something that will never come out?

Perhaps because promises to create software are the ones that are most often broken.

[fairlay]

For those how are sure the Ethereum teams can not keep the promise to start the main net this winter we opened a prediction market on it:

https://www.fairlay.com/predict/registered/new/ethereum-main-net-goes-live-before-spring-2015/

It is a market place where people can bet against each other. If you prediction they won't start the main net we try to find one how is willing to take the other side. Currently we have about 0.8 Bitcoin in open predictions and the likelihood is at 45%. If you think it is more likely you should predict "yes" - otherwise "no".

Will be interesting who wins in the end...

[DrGoose]

No post here for 3 months... I thought may be it is time for an update about how the story is unfolding.

The coding of Ethereum is still going strong. Latest can be observed here:
  http://github.com/ethereum   

As of right now they have released their proof-of-concept "PoC 8".
  https://forum.ethereum.org/discussion/1864/ethereum-poc-8-released

I, like many other developers, have been learning and experimenting smart contract development on Ethereum "testnets" for many months.

It works.

Will the genesis fail? Will the Ether economics hold? Will a fork of it (say from IBM) succeed better?

Who knows... but clearly Ethereum is already *real*.... and if somehow its first official blockchain fails, then it will be tweak and revived one way or another.

[bitcoin_bagholder]

No post here for 3 months... I thought may be it is time for an update about how the story is unfolding.

The coding of Ethereum is still going strong. Latest can be observed here:
  http://github.com/ethereum   

As of right now they have released their proof-of-concept "PoC 8".
  https://forum.ethereum.org/discussion/1864/ethereum-poc-8-released

I, like many other developers, have been learning and experimenting smart contract development on Ethereum "testnets" for many months.

It works.

Will the genesis fail? Will the Ether economics hold? Will a fork of it (say from IBM) succeed better?

Who knows... but clearly Ethereum is already *real*.... and if somehow its first official blockchain fails, then it will be tweak and revived one way or another.

Good stuff. Looking forward to seeing it as a Bitcoin sidechain.

[Polycoin]

No post here for 3 months... I thought may be it is time for an update about how the story is unfolding.

The coding of Ethereum is still going strong. Latest can be observed here:
  http://github.com/ethereum   

As of right now they have released their proof-of-concept "PoC 8".
  https://forum.ethereum.org/discussion/1864/ethereum-poc-8-released

I, like many other developers, have been learning and experimenting smart contract development on Ethereum "testnets" for many months.

It works.

Will the genesis fail? Will the Ether economics hold? Will a fork of it (say from IBM) succeed better?

Who knows... but clearly Ethereum is already *real*.... and if somehow its first official blockchain fails, then it will be tweak and revived one way or another.

Good stuff. Looking forward to seeing it as a Bitcoin sidechain.

Sidechain? Bitcoin is worthless compared to innovative altcoins we see here.

[MidwestMiner]

Ethereum is posted i see today as the big new story at Coindesk !
and i made a comment on it but it's of course awaiting moderation so i bet they will delete it.

Bottom line it's a dumb idea and it's an IPO and IPO's in crypto are ALL scams.
My advice to people is to avoid shit like this and notice who is jamming it down your throat too !
i came here today and out of nowhere page one is bloated with Ethereum topics.

i am going to copy what i posted at Coindesk to explain the reasoning behind why i think IPO's are scammy.

Note:
I just checked and Coindesk let me post my comment and replied "LOL"
i LOL'd too hhaha

ok so with out further ado, here is your new opinion everyone (the correct one) ..your welcome

reference = http://www.coindesk.com/ethereum-launches-ether-coin-millions-already-sold/

Belief in it doesn't matter, you arguing with a bag holder.
So XYZ scam is great.. no what (to them)

It could be Kick-A-Puppy Coin and these same guys will come here and babble on their usual dumb bs..

They have to..
Or else their IPO scam is going to make them broke.
Further more it's clear staff here pushed this through because their bag holders too.. guaranteed.
It's all rather transparent and obvious to people with a brain hat is going on and there is need to give my interpretation of it etc.

I doubt even 1% of the people coming here need to be convinced for or against this crap..

What we do in fact having going on in a tug of war for media perception as to whether this scheme (or others) is convincing enough to lure in enough of the usual guys.

Because nobody !
and i mean NOOOOOBOOOOOOODY
cares about chow scammy or stupid some stunt scheme is.
ALL they care about is can they get in on it and make some money on it before it crash into the dirt.
I am not the only one who sees a red flag with anything that has an IPO or "Angel Investing" or "Crowd Funding" etc
They are ALL scammy pyramid schemes.. designed for no other purpose than to get Bitcoin to cash out to fiat.

AND..

Even if a few of these IPO scams are honest and legit it still does not change the important point that IPO's and similar were before and still are just a porting of a concept from a REGULATED market to a FREE market.

You see an IPO in the NYSE is regulated and protects all parties involved with massive amounts of rules and oversight.
In our Crypto scene it's a gimmick and a tool to part you with your Bitcoin.. legally !

No one in crypto shoudl get involved in crap like this until we have our own Crypto-version of Berni Madoff serving time for a ponzi scheme or we have our own version of Martha Stewart serving time for Insider trading until then..

It simply is NOT fair and safe or possibly even legal what these guys are doing and if regulation is looming and imposed with out warning you people out there supporting crap like this could wound up waking up tomorrow with charges laid against you.

Be careful investing in crap copied from a REGULATED market with laws.. we are in a free market where Ponzi schemes, Insider Trading and outright fraud etc.. is legal.

Use your brains and keep the greed in check guys lol

Or don't and suffer the consequences and roll out the cliche's Crypto-Excuses™ i hear ever day lol

and.. and..
This comment is (of course) awaiting moderation LOL

Some people must be made of stupid. Calling Ethereum a scam and flaunting a Cryptsy logo.. Dear sweet Jezus the comedy!

[newrad]

Anyone has met Antony (the founder of Ether) knows hes shaddy as fck. The guy doesnt really understand bitcoin and generally talks baseless crap just like Roger Ver.

Someone should do a background check on Antony and you will be shocked.

Everything's shady.  You forgot about the Goldman Sach's connection.  There's only so many people in this world that have worked for them (out of 7 billion people) and yet Ethereum has them.

Then there's Vitalik - always doing these hour long interviews and flying around the world to promote Ethereum.  When does he have time to do any development?  Why is he passed off as some sort of prodigy developer?  How is that kid more well known than Charlie Lee or actual Bitcoin developers like Gavin Andresen?  I swear that Vitalik is a mascot, some Goldmansachs executive at some table probably said: "We need someone 'hip and kewl', like Justin Bieber, to promote our scam coin to the skateboarding millenials".. "umm how about Vitalik sir, all he does is edit some magazine read by a few dozen people and he's also from Toronto just like Bieber", "Good job Samuels, keep up the good work and you'll get that raise".

I don't seem any similarities between Justin Bieber & Vitalik..... I do agree the goldman sachs connection is very fishy.
That's why I want no parts of Ether. Appears more like a scam the more I do investigation.

[ApexEvo]

Anyone has met Antony (the founder of Ether) knows hes shaddy as fck. The guy doesnt really understand bitcoin and generally talks baseless crap just like Roger Ver.

Someone should do a background check on Antony and you will be shocked.

Everything's shady.  You forgot about the Goldman Sach's connection.  There's only so many people in this world that have worked for them (out of 7 billion people) and yet Ethereum has them.

Then there's Vitalik - always doing these hour long interviews and flying around the world to promote Ethereum.  When does he have time to do any development?  Why is he passed off as some sort of prodigy developer?  How is that kid more well known than Charlie Lee or actual Bitcoin developers like Gavin Andresen?  I swear that Vitalik is a mascot, some Goldmansachs executive at some table probably said: "We need someone 'hip and kewl', like Justin Bieber, to promote our scam coin to the skateboarding millenials".. "umm how about Vitalik sir, all he does is edit some magazine read by a few dozen people and he's also from Toronto just like Bieber", "Good job Samuels, keep up the good work and you'll get that raise".

I don't seem any similarities between Justin Bieber & Vitalik..... I do agree the goldman sachs connection is very fishy.
That's why I want no parts of Ether. Appears more like a scam the more I do investigation.

Share what your investigation discovered with us.

[nzminer]

This thread needs a bump with todays news!

[r0ach]

You bumped a 2 year old Spoederman post

[BurstIncomeAsset]

I guess, and I could be wrong so please correct me, that NXT and BURST are turing complete since they rely on java.

Why is ETH requiring to have a separate language when we already got the NXT platform to build on?

[nzminer]

You bumped a 2 year old Spoederman post

actually its not even 18 months old...

[Spoetnik]

You bumped a 2 year old Spoederman post

Haven't heard that one before LOL

yeah.. 2 years and your still all pushing IPO Ponzi schemes (to get BTC to cash out to fiat)
which I might add is destructive to Crypto (if that needed to be pointed out)
reality check guys.. we need people in the scene that will come and USE the desired digital currency.
what we do NOT need is yet more people who are showing up to make a buck and leave a mess (ruining crypto in the process)

ON Topic:
Something most of you does not possess the ability to do (such as the comment I quoted)
I was right now wasn't I ?

..I told you so *Again 

[r0ach]

(to get BTC to cash out to fiat)
which I might add is destructive to Crypto (if that needed to be pointed out)
reality check guys.. we need people in the scene that will come and USE the desired digital currency.

But really, how can you blame people for cashing to fiat if crypto is not functioning as any kind of stable store of value?  Except there now seem to be solutions to that with market pegged assets like BitUSD, BitGold, etc, so this might change soon.

[Spoetnik]

stable ? ..we need some regulation
then we wouldn't have a long history of exchanges and related services stealing your money guys.. AKA: Pulling a GOX
Want people to use some of these coins such as the one in the topic title here ?
We need some basic common sense laws.. Mark (from Gox) should not be able to tweet pics of a beautiful sunset having a beer (after stealing millions)
want to talk about stability ?
I am not even worried about the code base's used.. I am far more concerned with corrupt maggots loitering in this scene. (that run crypto services)
until they decide to say they got hacked  and spend your money that is LOL

[r0ach]

stable ? ..we need some regulation
then we wouldn't have a long history of exchanges and related services stealing your money guys.. AKA: Pulling a GOX
Want people to use some of these coins such as the one in the topic title here ?
We need some basic common sense laws.. Mark (from Gox) should not be able to tweet pics of a beautiful sunset having a beer (after stealing millions)
want to talk about stability ?
I am not even worried about the code base's used.. I am far more concerned with corrupt maggots loitering in this scene. (that run crypto services)
until they decide to say they got hacked   and spend your money that is LOL

What do you mean "regulation"?  If there was regulation, you would not be able to create a coin in the first place.  Only the government would be able to make them and you would have government coin + GoldmanSachsCoin and those would be your only 2 options.

[RealBitcoin]

Lol are you serious guys? So ETH was proven to be a scam?

I was just replying to other threads talking about ETH being suspicious, but this really confirms my suspicions.

So if ETH is a scam, then i`m not even that surprized because i suspected this for a long time. It is promising too much but doesnt deliver jackshit, not even a wallet is ready lol.

[RealBitcoin]

Lol are you serious guys? So ETH was proven to be a scam?

I was just replying to other threads talking about ETH being suspicious, but this really confirms my suspicions.

So if ETH is a scam, then i`m not even that surprized because i suspected this for a long time. It is promising too much but doesnt deliver jackshit, not even a wallet is ready lol.

Ah c`mon man you posted the same picture in 4 different threads. I am not certain, but I have a feeling, just a gut feeling that things will go bad for ethereum.

Why? Because it would not be the first crypto that was a scam. There are scams every week here, some are busted in 1 week, some tend to last 1 year. But when a staff pays 180,000$ to employees for little or no work, then you have to question their abilities.

[Spoetnik]

Ethereum is posted i see today as the big new story at Coindesk !
and i made a comment on it but it's of course awaiting moderation so i bet they will delete it.

Bottom line it's a dumb idea and it's an IPO and IPO's in crypto are ALL scams.
My advice to people is to avoid shit like this and notice who is jamming it down your throat too !
i came here today and out of nowhere page one is bloated with Ethereum topics.

i am going to copy what i posted at Coindesk to explain the reasoning behind why i think IPO's are scammy.

Note:
I just checked and Coindesk let me post my comment and replied "LOL"
i LOL'd too hhaha

ok so with out further ado, here is your new opinion everyone (the correct one) ..your welcome

reference = http://www.coindesk.com/ethereum-launches-ether-coin-millions-already-sold/

Belief in it doesn't matter, you arguing with a bag holder.
So XYZ scam is great.. no what (to them)

It could be Kick-A-Puppy Coin and these same guys will come here and babble on their usual dumb bs..

They have to..
Or else their IPO scam is going to make them broke.
Further more it's clear staff here pushed this through because their bag holders too.. guaranteed.
It's all rather transparent and obvious to people with a brain hat is going on and there is need to give my interpretation of it etc.

I doubt even 1% of the people coming here need to be convinced for or against this crap..

What we do in fact having going on in a tug of war for media perception as to whether this scheme (or others) is convincing enough to lure in enough of the usual guys.

Because nobody !
and i mean NOOOOOBOOOOOOODY
cares about chow scammy or stupid some stunt scheme is.
ALL they care about is can they get in on it and make some money on it before it crash into the dirt.
I am not the only one who sees a red flag with anything that has an IPO or "Angel Investing" or "Crowd Funding" etc
They are ALL scammy pyramid schemes.. designed for no other purpose than to get Bitcoin to cash out to fiat.

AND..

Even if a few of these IPO scams are honest and legit it still does not change the important point that IPO's and similar were before and still are just a porting of a concept from a REGULATED market to a FREE market.

You see an IPO in the NYSE is regulated and protects all parties involved with massive amounts of rules and oversight.
In our Crypto scene it's a gimmick and a tool to part you with your Bitcoin.. legally !

No one in crypto shoudl get involved in crap like this until we have our own Crypto-version of Berni Madoff serving time for a ponzi scheme or we have our own version of Martha Stewart serving time for Insider trading until then..

It simply is NOT fair and safe or possibly even legal what these guys are doing and if regulation is looming and imposed with out warning you people out there supporting crap like this could wound up waking up tomorrow with charges laid against you.

Be careful investing in crap copied from a REGULATED market with laws.. we are in a free market where Ponzi schemes, Insider Trading and outright fraud etc.. is legal.

Use your brains and keep the greed in check guys lol

Or don't and suffer the consequences and roll out the cliche's Crypto-Excuses™ i hear ever day lol

and.. and..
This comment is (of course) awaiting moderation LOL

Some people must be made of stupid. Calling Ethereum a scam and flaunting a Cryptsy logo.. Dear sweet Jezus the comedy!

oh ya ya ..right i know sorry
my avatar........ proves what i said is wrong sorry i forgot.

errr uhh mmmhh uhh derr well err uhh ------- know what ?
My avatar was a penguin shooting the AK47 -at- Cryptsy LOL
Assume wrong much dope head ?
but hey your right though..  Etherium is legit 'cause my avatar is crappy.
i am busted

oh and to that other shill earlier..
it's still a shitty ass IPO from a centralized manipulative sack of shitty assholes.

what the fuck part of IPO scam don't you idiots get ?
i hope you stupid fucking greedy douche bags get burned hard.. you deserve it !
me and my avatar sez Go fuck yourself Ponzi-Enthusiasts !