Topic: [ANN] Ethereum: Welcome to the Beginning - page 1238. (Read 2007155 times)

We won't issue further comments regarding the Ether Sale, until we have completely finalized the framework for it. In the meantime enjoy the free technology, people are already building apps on it, which is exciting

Will the IPO ever start? 

I think so too. Everybody know about Ethereum and everybody wants to invest. The other hand it's much less risky, since it's so popular.

The entire system is it's own token. This is an alternative coin, not a security. I'm confused as to how they would issue their own currency and their own blockchain using mastercoin.

They should use the MasterProtocol to do this most efficiently at an early date.  If they wait for their own token, could be too many months away.  Don't delay. 

Good luck!

I am definately in.

Assuming ether is 1000:1 bitcoin.[1]

They are likely to raise 40,000 bitcoin. + 40% for themselves. This makes the genesis about 68,000 bitcoin * 1000 ether { 68,000,000 ether} to begin with for a supply that will be 30% or 20,000,000 ether per year.

In ten years the supply will be:

68,000,000 ether + ( 10 years * 20,000,000 ether mined per year) = 268,000,000 ether in circulation.

Everyone talks about the mythical $10,000 bitcoin, so lets use that as a guide for the next 10 year target.

Assuming in 10 years there are about 16 million bitcoin this brings the entire supply being worth about $160,000,000,000. (@$10,000 a coin)

So under this model your bitcoin gains 20 times value in ten years, not bad.

If the Ethereum supply instead is worth $160,000,000,000 because Ethereum became the main cryptocurrency due to it's potential intrinsic qualities [2] then that makes each ether worth:

$160 billion / 268 million ether = $600 per ether.

That means a one bitcoin investment in ether now works out to be worth 1000 ether in the future @ $600,000 total.

This model gives your one bitcoin investment into Ethereum a 1,200 times value increase in ten years.

This entire analysis kind of assumes one of either Ethereum or Bitcoin win as the primary cryptocurrency. In the real world we might find they co-exist at a ratio.

The good thing is that if Ethereum is 60 times smaller (market cap) than bitcoin, you still have equal value. Anything above that ratio nets you more value per ether and below that ratio nets you less value. [3]

Considering Litecoin exists at a ratio of 1:18~20 I find it very likely that investing in Ethereum makes you more value.

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[1] The actual ratio doesn't matter at all for working out value.

[2] This assumes ethereum can be the primary power under web 3.0. It's likely native bitcoin can be made to compete via script upgrades or sidechains.

[3] If the market cap of Ethereum is 60 times smaller than bitcoin, taking our previous end values, bitcoin worth $10,000 and ether being worth $600, a 60 times reduction in ether value makes ether worth $10 and 1000 * 10 ether = $10,000

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Notes:

- If over 200,000 bitcoin are raised in the IPO, it's very likely your return on value will be borderline not worth the risk. Personally if the genesis block is worth upwards of 80,000 bitcoin I will personally not take part.

- If the bitcoin core developers add more op codes into script or solve the sidechain mining issues, then it's possible ethereum value is completely destroyed.

- If ethereum becomes silver to bitcoins gold and replaces Litecoin, the 1:20 ratio will likely give your investment 3 times growth over just holding bitcoin. (If IPO starts of at 68,000 bitcoin via a 40,000 bitcoin raised)

There are so many people waiting to invest this coin, so I think we can't earn much from this at the beginning.

Hmm I can't find the 3,500 number right now. The white paper itself specifies between 1000 and 2000 per bitcoin.

How do you know this?

thats basically what i said

The IPO is pre-set to 3,500 ether per bitcoin.

You could always wait until after IPO and hope the price drops.

from what ive experienced in tons of IPO participation, its better and safe to bid lower 

Would love to hear an update from the folks here on how the discussion went with Paypal...

IPO? What is that? 

Everybody is asking this question. As I know that they are currently investigating the IPO process and doing some tests.

When is IPO?

Disagree. Crypto breaks the authority control and put in our hands. Once ethereal is released, it will break the bonds of the gov, and monopoly of courts, and the law. The Gov era has come to an end. We're slowly merging into anarchy society.

Iread abouyt Ethereum - the thing is that is not abou being a currency. Its just one small apart of the software. Its mucch more, but the currency part is to get developers to work on it. In general people do not develope for free....everyone has bills to pay. Its a way to draw funds so developement team can focus all time on project and not treat it a as saturday/sunday hobbyproject.

And why should miners and currency traders sit with the richness, In general the intent grand design of this is more than bitcoin and just to be a currency.

Just my opinion;)

Yeah I was refering too Bitcoin's status in regards to the law of the land. Of course it's to be expected that private entities threatened by a new competitor take to trashing it.


Outlawed would mean the law of a particular country has struck it down and made it illegal for any entity on that land to partake in Bitcoin based activities.

Outlawed does not mean some private vested interests seeing a threat and striking it down.

Of course the Banks are going to revolt against this technology, it directly competes with them. If Bitcoin succeeds they lose a lot. It's of no surprise they will try to shut Bitcoin out. The old guard always do.

Take a company A, and newer more technologically advanced company B. Both companies operate in the same field. It makes perfect sense that company A will do everything in its power to crush company B. It doesn't mean B is outlawed, it just means B has to put up a fight.

By the way, putting up a fight doesn't mean becoming Ripple 2.0 or otherwise know as company A's bitch. (Which is what Ripple is, the bankers bitch)