Topic: [ANN] Ethereum: Welcome to the Beginning - page 1267. (Read 2007155 times)

There were strategic and creative differences in the company and eventually it lead to a parting. We have since resolved all issues and it's considered to be a closed issue. If it's any consolation, Invictus is doing quite well as a company and shipping products thus I suppose the business plan wasn't too bad.

Unlike Invictus, we had a chance to get to know each other here on the Ethereum team and I'm very good friends with Anthony and Vitalik. We've collaborated first on the Bitcoin Education Project and his work on the Bitcoin Alliance of Canada. Ultimately, you have to make sure you have good team dynamics and respect prior to launching a venture. We did that here with Ethereum and even lived together at a beach house in Miami for a week to see how much we could get on each other's nerves. This really is the best team I've ever worked on.

I hate to bring this up, but is it possible to get a statement about what happened with Invictus? I don't care about details if that's not necessary. My only concern is to find out whether there's a possibility of a disruption like that with Ethereum, which could affect the project if we're focusing on the longer-term.

Conference, Alpha Testnet and Fundraiser Updates

January 29, 2014 - By Team

Ethereum received an incredible response at the Miami Bitcoin Conference. We traveled there anticipating many technical questions as well as a philosophical discussion about the purpose of Ethereum; however, the overwhelming amount of interest and enthusiasm for the project was much larger than we had anticipated. Vitalik’s presentation was met with both a standing ovation and a question queue that took hours to address.

Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org.

The Ethereum project is also excited to announce the alpha release of the open source testnet client to the community at the beginning of February. This will give people an opportunity to get involved with the project and experiment with Ethereum scripts and contracts, and gain a better understanding of the technical properties of the Ethereum platform. Launching the testnet at this date will give those interested in the fundraiser a chance to better understand what the Ethereum project is about before participating.

The testnet will include full support for sending and receiving transactions, the initial version of the scripting language as described in our whitepaper, and may or may not include mining. This will also be the first major cryptocurrency project to have two official clients released at the same time, with one written in C++ and the other in Go; a Python client is also in the works. A compiler from the Ethereum CLL to Ethereum script will be released very soon.

A note on security

The fundraiser will NOT be launching on February 1st and any attempt to collect funds at this time should be considered a scam. There have been some scams in the forums thus please use caution and only consider information posted on Ethereum.org to be legitimate. It is important to reinforce to all that only information released and posted at Ethereum.org should be trusted as many are likely to impersonate us.

What about Sybil attack? Will u ask for the passport?

We were never contacted by a regulatory body nor believe the models we have chosen are in any way in violation with relevant jurisdictions. This said, logistically and regulatorily, there are differences between raising 5,000 bitcoin and 30,000 in an equitable and fair way. We have a duty to those who trust us to do things the right way and have been in deep discussions for months about this topic with counsel from three different countries. I appreciate your concerns and they are indeed important to address and will be publicly once we announce the new fundraising date.

There are actually several models we could pursue if desired with some constituting a tax event without the need for any filing and others that could require one if we choose to accept certain jurisdictions. Ultimately, it comes down to what is best for everyone in the Ethereum community and what will allow for the best ROI for those who participate in the Ethereum Project. We are taking extra time to ensure this is answered in the most thorough way.

In the meantime, enjoy the testnet and all the other developments we will be launching in February and I'll see you guys soon in Zug.     

A 5000-10000 BTC limit with 50 BTC limit per person (at least for the first month) is more sensible.

hearsay?  Roll Eyes

Java 8 is great; Nxt's java code not so much nor the design of the Proof of Stake. ...

+1, if only everyone knew how much of the worlds software is Java.

Thanks Charles for your answer. I personally find the idea behind Ethereum ingenius. I want to believe in it. Now I feel that we'll get answers to our concerns from the Ethereum team. I hope that Goldman Sachs is not involved. Without making a poll I suppose 80% of the forum members think that GS is responsible for lot of bad things in this world and we don't want a crpyto which GS has a finger in it.

As I have been telling everyone all along, crowdfundraising of this size without proper legal filings was illegal.  Obviously, they have been contacted by the proper regulatory agencies.  This is why they have not been responding to questions regarding their investment structure in a detailed manner.  They are reviewing their proposal internally with their attorneys.  You can all thank me for at least being a voice for good judgement and hopefully they will proceed in manner does does not put your investments in jeopardy due to legal problems.

"Because we intend on providing an equal opportunity to all those who want to be involved, and are reviewing the relevant logistical and regulatory issues for a fundraiser of this scale, we have decided to postpone the Feb 1 launch of the fundraiser. We will make the announcement of the new fundraiser launch date on our official website: Ethereum.org."

As I have been telling everyone all along, crowdfundraising of this size without proper legal filings was illegal.  Obviously, they have been contacted by the proper regulatory agencies.  This is why they have not been responding to questions regarding their investment structure in a detailed manner.  They are reviewing their proposal internally with their attorneys.  You can all thank me for at least being a voice for good judgement and hopefully they will proceed in manner does does not put your investments in jeopardy due to legal problems.

If anyone is thinking about investing in this madness, send me your btcs and I'll hold onto them until you find your sanity.

Also please be aware that LeoC sent this message to me via a PM:


Please ignore the FUD. We are going to make every attempt to address all concerns. In many cases, with Vitalik and Me directly.

Which is why they've delayed the IPO. They've obviously got the pulse of the community and decided to make adjustments.

When they'll be out with this project, others like Mastercoin or Next will be well underway and have first adopter advantage which can be huge advantage.

In this crypto world 1 month = 1 year. Too little, too late.