Almost 9000BTC...good luck with ETH.ETH has a great communiy.
Now it's over 10,000 BTC
Topic: [ANN] Ethereum: Welcome to the Beginning - page 1219. (Read 2007101 times)
Now it's over 10,000 BTC
Why are they sending 0.0001 outputs to change addresses?
I have a better answer. That change address is a basis for your ether address. If you tell me what change address is yours, I can tell you what your ether address is.
today i remark that the ipo for Ethereum is running.
I was shocked about the high price for ether coins.
Actually 2000 ethers costs 1 BTC.
I read white paper of ethereum. I dont undertsand clearly what there is written, because my english is not the best.
I read on page 31 Section "Issuance breakdown".
At Launch will be exists 1.198X after 5 years exists 2.498X coin.
At Launch Purchasers holds 83,5% of all coins, after 5 years they hold 0nly 40% of all coins !!!
What is the meaning of X?
X is the total amount of ethers purchased during the sale. If the sale ended right now, 2000 * #BTC they got = X
In a few days time, 1 BTC will start to buy less than 2000 ethers.
thats a nice amount of bitcoin in the wallets of a couple of peeps ( 5 million usd LOL ) prob way more in a couple of years
what have they dont till now ( nice website and shit ton of talks )
even if this turns out to be ( profitable ) i will not touch it
what have they dont till now ( nice website and shit ton of talks )
even if this turns out to be ( profitable ) i will not touch it
Because that's your limit of comprehension buddy...
1+1 = 2 ...
If it's not profitable, you don't touch it...
Must be sad being you, such a simple "vegetable" driven on in life by primitive aspects...
Why didn't you guys claim æthereum (AETH) for free instead of buying Ethereum tokens ?
You just need to have Bitcoins on an address you control at a certain block number. You'll get the equivalent coins without having to spend or buy anything.
Let me quote Vitalik Buterin, he explain well how to get æthereum :
What about BTC I hold at an exchange? Would I need to move all my BTC to a personal BTC wallet before nucleus?
Yes. The correct way to implement this kind of distribution model is to pick a block number (eg. 290000), and say that bitcoins at that specific block are what gives you aethereum. Otherwise, you can claim some AETH with your BTC, deposit and withdraw from an exchange, claim more AETH, and repeat ad infinitum. For the system to be trust-free and secure, it would have to be based on private key signing, which means that you would have to have them in a personal wallet.
If you don't want to set up a new wallet and deal with different addresses another somewhat technical alternative is to use my pybtctool toolkit to generate a brainwallet and put your money all in the one address just before the nucleus happens. Pybitcointools/pybtctool includes Electrum message signing functionality with the "ecdsa_sign" command; here's an example session:
Code:
vub@shadowcow-200 00:29:41: pybtctool ecdsa_sign hullo `pybtctool sha256 cow`
GykcIAXZ3VxuSUfLBi+FCWnvKlEOmo13ysGfVWVfo2cobJhbWhFqMxrxgVB5cnPax+YUJqB1fk9Hkm8bYjoUuBE=
vub@shadowcow-200 00:29:48: pybtctool ecdsa_recover hullo GykcIAXZ3VxuSUfLBi+FCWnvKlEOmo13ysGfVWVfo2cobJhbWhFqMxrxgVB5cnPax+YUJqB1fk9Hkm8bYjoUuBE=
04334ec322ef674d8a91a5467b78cb12fab3de961aa3d6c2d6afd844526e18c8dd12e9b21d5f9411dfa37689c551d2572465f633df73b0d12015aeb72d423e0d30
when does the IPO begin
Yep the main ethereum sale transitions to 1970 ether from 2000 in 4 more days ^_^.
when does the IPO begin
The original intention of Ethereum was to raise roughly 35 million USD.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
I believe Ripple has raised more money than either Maidsafe or Ethereum so far, at $9 million - and they continue to run new funding rounds on a fairly regular basis so I am sure they will end up raising a lot more than that. And of course that is just VC funding, we don't know how much if any of their XRP they have sold.
Etheruem may well equal that by the end of its sale though, because the way its structured means some people may be waiting till the end of the sale to see how expensive its become before deciding how much, if any, to buy.
Do you recall how much Mastercoin was able to raise?
A strong development organization or community is critical for any crypto-currency. They've been many complaints that the Bitcoin development community lacks funding.
Ethereum is promising in that at least they have their development funding squared away. The same can be said about Maidsafe.
Money of course doesn't guarantee success. Mastercoin a while ago had a massive war chest, unfortunately I think their development is dropping the ball.
Counterparty runs a lean staff, they've done much better than Mastercoin despite less development funds.
Bytecoin/Monero seem to have active developers, however there seems to be some infighting going on over there.
Development funding is a doubled edged sword, if you raise too much then your valuation may be to high for any investor to make a profit. That is my current concern with Ethereum.
I think the complaints about Bitcoin are unwarranted, the developers all have tens of thousands of bitcoins from the early days. I don't know of any developers that have joined in the last year or two where bitcoin's have actually cost lots of money to buy. All these people have an incentive to keep Bitcoin in the leading position, as it means they will become mega multi millionaires as opposed to being just being millionaires. Also all the lead developers of Bitcoin will probably never admit to how many cpu mined bitcoins they own, but that is ok, that is the way it should be.
EDIT: There isn't really in-fighting, that tiff taff ended a while ago, we just wanted people to know why Monero was created in the first place, it was to address the premine by the Bytecoin team, that is all.
Anyway, back to talking about Ethereum:
The funding is only a double edged sword if it doesn't grow the value of the pie at a larger rate than the investor's share of the pie being reduced.
So if Ethereum raises $10 million and that gives enough funds to make a product that scales to $10 billion, then cool. However...
...if Ethereum raises $50 million, and that gives enough funds to make a product that scales to $100 billion, then even better, you might own 5 times LESS of the overall pie of Ethereum on day one, but if that funding allowed the team to hire someone that figured out a way to make Ethereum scale even better then you're getting more than 2 times the value even though you own less of the circulation.
A listing, it will be much heavy selling ah ......... 
The original intention of Ethereum was to raise roughly 35 million USD.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
I believe Ripple has raised more money than either Maidsafe or Ethereum so far, at $9 million - and they continue to run new funding rounds on a fairly regular basis so I am sure they will end up raising a lot more than that. And of course that is just VC funding, we don't know how much if any of their XRP they have sold.
Etheruem may well equal that by the end of its sale though, because the way its structured means some people may be waiting till the end of the sale to see how expensive its become before deciding how much, if any, to buy.
Do you recall how much Mastercoin was able to raise?
A strong development organization or community is critical for any crypto-currency. They've been many complaints that the Bitcoin development community lacks funding.
Ethereum is promising in that at least they have their development funding squared away. The same can be said about Maidsafe.
Money of course doesn't guarantee success. Mastercoin a while ago had a massive war chest, unfortunately I think their development is dropping the ball.
Counterparty runs a lean staff, they've done much better than Mastercoin despite less development funds.
Bytecoin/Monero seem to have active developers, however there seems to be some infighting going on over there.
Development funding is a doubled edged sword, if you raise too much then your valuation may be to high for any investor to make a profit. That is my current concern with Ethereum.
The original intention of Ethereum was to raise roughly 35 million USD.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
I believe Ripple has raised more money than either Maidsafe or Ethereum so far, at $9 million - and they continue to run new funding rounds on a fairly regular basis so I am sure they will end up raising a lot more than that. And of course that is just VC funding, we don't know how much if any of their XRP they have sold.
Etheruem may well equal that by the end of its sale though, because the way its structured means some people may be waiting till the end of the sale to see how expensive its become before deciding how much, if any, to buy.
The original intention of Ethereum was to raise roughly 35 million USD.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
With 18,559,839 ETH sold at 2,000 ETH/BTC that comes up to 5.3 million USD invested so far.
In contrast MAIDsafe raised around 6 million USD on their own IPO.
These two coins are the strongest competitors in terms of the development resources that are backing the project. The superiority of one over the other is completely debatable.
It is however clear that Ethereum intends/believes that it needs greater funding for development. Ripple is another coin that has strong development support, I recall it initially have VC funding. I am unaware of how much VC funding they received.
The crypto-currency space is becoming now more competitive in that coins are going beyond the simple cut-and-paste clone like Litecoin and moving to coins that are heavily backed by development. It is anybody's guess who will come up on top.
People here keep using words like "dump", "investment", "IPO", and these words are not relevant because Ethereum is not an altcoin, and ethers are not a currency, they are tokens to be used to work within the Ethereum space and create and use DApps. Legally, ethers are considered purchased software.
These technical words apply here. It doesn't matter if it's a currency, a token, an asset or a share. It behave the same way.
Ethereum investment is made through an IPO.
Believe it or not, many people have bought ethers simply to support the efforts of the developers to create a decentralized foundation for a new internet, and they are not looking to pump and dump when it hits the market.
If you gave money to support a project, good for you but Ethereum chose to do an IPO and give the investors the ability to trade the tokens.
Therefore we are talking about value, offer, demand, ...pump & dump.
If you don't agree with that, you must not invest.
F***ing wall street mentality.
Do I have to remind you that people from Goldman Sachs are backing the project and using it to make money for the sake of making money ?
I am so tired of listening to people like superresistant,
... so there is a lot of people like me ? I would be glad if you could introduce me to them.
who talk crap about everything and don't know anything. Free speech is a right that we all value but it aspires to create good ideas and have real communication. People like superresistant fill the threads with the written equivalent of cow manure. Stop stinking up this forum.
From a (very probable) sockpuppet account that registered only for the 777coin.com promotion.
Username: orange
Gracias!
Gracias!
BigOrangeBee Credibility -100
It's ok to not agree with me and discuss but insulting me behind noob account is not acceptable.
>But 0.005 bitcoin per 1 ether is a very high initial price
You either made a mistake typing, or will be happy to know it's 10 times cheaper than what you think:
1/2000 = 0.0005
Yes, it was a typo, I corrected it.
Why are they sending 0.0001 outputs to change addresses?
Related to mining fee?
Not sure what to make of it. Will IPO investors become bag holders? The IPO goes until September, at which point there could be 100Mil ETH....
Almost 9000BTC...good luck with ETH.ETH has a great communiy.
In this case, the 8000BTC you already got, should provide enough motivation to answer all questions here.
Hehe, I think the opposite rule would apply. Why should he answer all questions here? They already got 8000 BTC.
I keep wondering about what this ether sale really is, though. It very much looks more like a crowdfunding event than an investment or a software sale. There has been a lot of attention given to the financial and legal aspects of Ethereum, not to mention the massive PR effort on the part of the developers/founders. A lot of the technical issues, like the problem of blockchain bloat are problems "to be dealt with in time" but these are problems that absolutely cripple the chances of Ethereum even working and fulfilling its endeavors.
Unlike past large scale explosions of technology from the open source community, for example, Linux, the business side of this has not been ignored, and the product is not being offered for free as all open source has been in the past. The Ethereum client (inside a browser or eventually an OS) might be offered for free, however, you would not be able to use it without ethers, which cost money.
So there are huge efforts in the business, legal, and PR aspects of this, which we have never seen before in the past. And many of the technical problems with actually making the software work are being pushed off to be dealt with at a later time. That undermines my confidence in it.
Although, I do believe its time for developers and the "smart people" of the world to get the financial compensation that they deserve. And this might be why the founders have put so much effort into the business and legal side. Developers, techies, and "geeks" worldwide have been exploited and forced to take small compensation for work that their employers or clients would never be able to do or even understand. The true order should be that the smartest people should be the bosses, and not be exploited by people less intelligent than themselves.
So in that way, I respect how the Ethereum founders have taken the business side very seriously, and hopefully they will raise the standard for open source software globally. There's too many intelligent people doing hard work for zero or very little pay, trying to support their efforts on only donations. It's certainly time to change that, when their efforts are so important, for example, Wikipedia is a huge and very important source of information for the world and they live on donations.
Back to the ether sale. Despite what I wrote above, I think 2000 ether per 1 bitcoin, is a very HIGH price to pay for a token that has no value yet in anything but Ethereum, which is a software that still has so many technical issues to accomplish if it will survive long term.
But my confusion lies in whether I believe the founders really care whether Ethereum survives long term. This I can't decide. From my research, it seems to me that all the effort put into Ethereum has culminated to this point, the ether sale, and this is the harvest for the seeds that have been planted many months ago. I have heard things being mentioned by the founders (they like to be called founders, not devs) which suggest that their efforts were to get to this point and after Ethereum goes live, they seek to recruit a new team to take over and continue the project. I'm not sure if that is correct, but that was my impression from some of things being said by them. I could be wrong there.
But 0.005 bitcoin per 1 ether is a very high initial price for something that will only be used by developers at first to build applications. But if you're quick enough, it may be worth it. My feeling is that hype and PR are a huge part of this, and very key and important people who were responsible for getting bitcoin off its feet and into the mainstream are the same people who are involved with Ethereum. There are certainly HUGE whales behind this project.
So regarding the value of ethers: I think it will pump above the pre-sale price initially with help from PR and hype, and several large whales who want to see this project succeed. Then after the dust settles, a few weeks or months after it goes live, I believe the value will fall to below the pre-sale price.
This is all pure speculation and I really have no idea. Just trying to work out my thoughts on this in a public space and hopefully get some feedback from people who have no investment in its success or failure, and are able to give an objective opinion.
>But 0.005 bitcoin per 1 ether is a very high initial price
You either made a mistake typing, or will be happy to know it's 10 times cheaper than what you think:
1/2000 = 0.0005
thats a nice amount of bitcoin in the wallets of a couple of peeps ( 5 million usd LOL ) prob way more in a couple of years
what have they dont till now ( nice website and shit ton of talks )
even if this turns out to be ( profitable ) i will not touch it
what have they dont till now ( nice website and shit ton of talks )
even if this turns out to be ( profitable ) i will not touch it
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