Topic: [ANN] Ethereum: Welcome to the Beginning - page 1287. (Read 2003740 times)

It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way.

I agree

There is the much derided prospectus to be released on 1st Feb. I will look for any new information on there and also their official website.

"Kinda" important if you want to know what they're up to.

Sooooo...............


For every $2 we invest, there is 1$ of fixed onetime inflation + 40% yearly inflation

Right or wrong ^^

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

+1

I am fast reaching the point where I see no need to correct this misinformation, some of which is clearly deliberate.

Google what "fiduciary member" is and youll see that you are not one and the restrictions dont apply to you. Jesus Christ people. I think some need to work on your reading comprehension. As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.

Investors are not early stakeholders. Investors own no part of 0.50 * X, we can potentially own a fraction of X as investors.

Early stakeholders could be any person or institution who contribute in any form useful to the project other than in BTC. We will know more when they disclose more information. They have already mentioned that they are partnering with Krypokit and Hive, it has not been made clear if Hive for instance will receive some ether in return but I am assuming they will. There is no free lunch after all.

1. Mining is slated to start after the completion of 2 months from 1st Feb, so the earliest date is 1st April
2. You and I are not fiduciary members. Fiduciary members in this case are the 4 founders, early stakeholders and partners, not even those that receive remuneration/bounties in ETH for being part of the project.

from what I gather most of the premined coins go to the IPO investors depending on how many BTC are invested ofcourse.

I just read the white paper and im quite fascinated by these new developments..

especially multi way contracts and savings wallets where more than one key holder is required before x amount can be spent. That is a real game changer for those people who are not tech savvy enough to protect their funds properly.

@lonsharim
OK now I understand. /corners away

How about




Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

This basically sums up my feelings. I like the idea and i like the devs, but the i think the ipo/fundraiser is way off and more importantly, i just don't see it outperforming btc this year which i also estimate to increase x10. Futhermore, i certainly dont see it outperforming some of the alt coins improving up to 300% in a week which offer nice opportunities if clever. Imo, this will be the year of btc and the mass marketable alt coins (dogecoin/ coinye and such). Advanced products like ethereium will likely get attention very late in the year or early next year. This makes tying up btc in ethereium a bad investment at this stage, but a good investment  (potentially) in 8-12 months

Id like to hear opinions on this also.

Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

Will this coin be cpu or gpu mined?

That's like a bank refusing to let you withdraw your own money, not surprising when you consider goldman sachs employes support this

I am a bit exasperated too. We truly fail to comprehend the words of a 19 year old and we complain that he is too young lol

A maximum market capitalization of 36 million is achieved not by raising 30000 BTC but because the maximum ETH raised is 1.5 * X. "Infered" value is 36 because max X raised amounts to 24.

Further 12 million per year is added because we mine 0.4X (previously 0.5X)

Let me know if I need to increase the font size, I can do it too.

I think the devs are honest people, but this ipo/fundraiser is disappointingly horrible, and this (above) puts me off big time. Ether is a great idea and wil probably do well, but people need to also take into account how much btc, ripple, nxt and the other altcoins will move this year before ether is available to be traded. If ether raises 30 odd million thus valuing it at around 60 million, it will need to be over 1 billion by the end of the year to be a better investment opportunity than whats is currently available today imo.

This type of fundraising puts investors in a very bad spot. Right out the gate, miners will be reducing their value very rapidly. Exactly 1 year after, devs/founders will dump 1/3 of their stash.
So investors will have to fight just to retain their ROI... not a spot you want to put yourself in when investing in any other coin could give you hundreds of % easily (if you pick the right one). Not to mention, in 46 years, your initial stake will be diluted to 5% of it's original value, so holding for the long term is not particularly rewarding.

And my question of why ETH should have any value has not quite been answered. It's not being put forward as store of value, ETH's value is in the programs that can run on top of ETH. So they create a situation where most people won't actually buy more ETH than they need to run a particular program (ie. no one is going to want to hold ETH with these initial inflation rates and risk of devs dumping 1 year out). Why hold ETH when you can hold other coins, make a killing from price increases, and simply send a few dollars over to ETH if you happen to need to run a script? Why take a risk with the rapid inflation that may or may not devalue your original stake by -66% one year from IPO? 1-(0.5/[(0.5/3)+0.5+0.4])

In the beginning there will be very few programs to run and a lot of ETH available... perhaps it will be better to buy (and mine) after launch. ETH is a good idea, but they punish investors much too greatly.