[ANN] Ethereum: Welcome to the Beginning - page 1293.

td services

sr. member

Activity: 448

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black swan hunter

Quote from: ?? on ??

Quote from: td services on January 26, 2014, 12:46:50 PM

When I asked when was the deadline to invest in NXT while it was still open, it was suddenly closed without any advance notice, and I was not allowed to invest in it. The deadline was not clear in the announcement, but most people, including myself, thought it was January 3, 2014. The genesis block was not created yet. It is very clear to me that they did not want any further dilution of existing investment, though no one will admit this. If there was some technical reason for ending the pre-sale early without advance notice, they could have just said something to the effect of "We are closing the sale now, so if you want to send in your Bitcoin you need to do so within the next X hours." They did allow another coin in which was sent while I was waiting for an answer. A week later, NXT was being sold at a 4762% markup over the presale price.

The presale of Ethereum, like that of Mastercoin, is very well defined with a clearly defined period of investment, and in the case of Ethereum, a clearly defined limit on total investment. NXT, on the other hand, was arbitrarily closed at the convenience of the founder with no advance warning, and not everyone who was interested was allowed to invest.

There you go again... Huh

You know very well that the ONLY reason you were not allowed to participate early is because the Genesis Block had been generated.

So... why do you keep going back as if it has not been explained to you? Also, why do you keep throwing that 4762% figure around and not the actual rate of NXT/BTC 0.000001?

Genesis block was still under construction the next day according to posts in NXT thread. Indeterminate when it was started, but if the coin that went in while I was waiting for an answer was included, then mine could have been as well.

Again, the math: presale price = 21 BTC/1,000,000,000 NXT = 0.000000021
price when first offered in NXT sale thread = 1,000,000 NXT/BTC = .000001

.000001/.000000021 = 47.62 = 4762% increase in price

CycleSurfer

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Activity: 189

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Quote from: _ingsoc on January 26, 2014, 05:49:52 AM

Quote from: KoinMaster on January 26, 2014, 04:44:36 AM

It could be Goldman Sachs plot trying to control the future of the crypto-currency world....

Ha ha! Priceless....

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: ?? on ??

Quote from: td services on January 26, 2014, 12:27:33 PM

Quote from: gutshot5820 on January 26, 2014, 08:53:25 AM

Quote from: Praeconium on January 26, 2014, 08:48:09 AM

Great project, lets wait for the actual IPO prospect and see exactly what is offered. But defiantly needed in some form!

The IPO prospectus? Are you kidding me?? This is not a registered security and they have not filed the proper paperwork with SEC or any agency. The prospectus will not be worth the ink on paper its printed on. The prospectus they provide not be reviewed by the SEC, it will read like a marketing brochure.

You can take you SEC paperwork, roll it up, tape a string to the end of it, and use it as a tampon.

ROFLMAO!

...I can't believe you guys haven't ignored that fool yet...

He's too much fun to ignore. Besides, maybe he'll help reduce the dilution in Ethereum by scaring off a few people off.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: klee on January 26, 2014, 04:16:41 AM

Quote from: msin on January 25, 2014, 11:53:14 PM

Quote from: nesco1805 on January 25, 2014, 05:50:57 PM

They are NXTers. And low tier to boot. They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

Actually, most Ether followers hate Nxt. Nxt had an IPO of 21 BTC (1 BTC was from the founder). The creator (BCNext) didn't allow anyone to invest more than 1BTC. Most people were skeptical, called it a scam, so they didn't invest and he launched Nxt. Then everyone screamed that the distribution was unfair and they didn't have enough time to invest. Personally, I don't like large public IPO's for crypto's, it's lame, if it's POW, it should be launched for free and mined. POS is tricky, because it has to be launched all at once, I don't think any POS will have a small IPO after Nxt. Regardless, I'll avoid Ether, it's going to be killed by greed.

Vitalik hates NXT - nothing ever mentioned by him or his magazine about it. He pretends as if it non exists!
Go figure...
Cheesy

When I asked when was the deadline to invest in NXT while it was still open, it was suddenly closed without any advance notice, and I was not allowed to invest in it. The deadline was not clear in the announcement, but most people, including myself, thought it was January 3, 2014. The genesis block was not created yet. It is very clear to me that they did not want any further dilution of existing investment, though no one will admit this. If there was some technical reason for ending the pre-sale early without advance notice, they could have just said something to the effect of "We are closing the sale now, so if you want to send in your Bitcoin you need to do so within the next X hours." They did allow another coin in which was sent while I was waiting for an answer. A week later, NXT was being sold at a 4762% markup over the presale price.

The presale of Ethereum, like that of Mastercoin, is very well defined with a clearly defined period of investment, and in the case of Ethereum, a clearly defined limit on total investment. NXT, on the other hand, was arbitrarily closed at the convenience of the founder with no advance warning, and not everyone who was interested was allowed to invest.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: gutshot5820 on January 26, 2014, 08:53:25 AM

Quote from: Praeconium on January 26, 2014, 08:48:09 AM

Great project, lets wait for the actual IPO prospect and see exactly what is offered. But defiantly needed in some form!

The IPO prospectus? Are you kidding me?? This is not a registered security and they have not filed the proper paperwork with SEC or any agency. The prospectus will not be worth the ink on paper its printed on. The prospectus they provide not be reviewed by the SEC, it will read like a marketing brochure.

You can take you SEC paperwork, roll it up, tape a string to the end of it, and use it as a tampon.

turtoro

sr. member

Activity: 364

Merit: 250

Antonopoulos seems to be pushing ethereum. Although the project's stated goals is what he has been advocating for a while and in that sense this is not a surprise, I wonder what his opinions on the ipo structure is.

KoinMaster

sr. member

Activity: 323

Merit: 250

Quote from: _ingsoc on January 26, 2014, 11:59:58 AM

Quote from: KoinMaster on January 26, 2014, 11:53:31 AM

I'm sorry but turn on the captions (speech recognition - cc button right below under the video) and you'll see that he says "work".... You might want to back down now....

Now hold on just a minute! You mean to tell me you'll trust YouTube to tell you what's what? YouTube is owned by Google... What if Google is setting you up to make you think Goldman Sachs is trying to control the future of cryptocurrency? I think we're stumbling onto the biggest conspiracy theory in history...

You've gotta be kidding me... Then let the community decide if he uses present or past tense. They now know where to look for it.

garicup

member

Activity: 77

Merit: 10

I had a longer reply written up...but you know what it slowly became an angry post so I'll start simple...

I read your whitepaper, I've followed the news, I planned on investing...

So someone please explain to me, why a startup with no demo, beta, product, requires 30 million dollars (30000 btc) and 50% of the currency?

Its a currency, not a product, but sure...lets call it a product. Google didn't ask you for 30 million dollars and say you can only use our search engine 50% of the time or you only get every other result for your searches?

...30000 btc which can be ALOT more than 30 million dollars even by the time they launch (if we're following the overall trend) AND 50% of all coins owned?

Common people...

The money is for devs and the team?

Well this is my informal application....I'm a soft eng.... I'd like to become an insta millionaire please? even before we have a product.

Guys we're NOT doing this for the profit we just believe so much in what we're making. ( I hope I get hired)

_ingsoc

sr. member

Activity: 452

Merit: 251

Quote from: KoinMaster on January 26, 2014, 11:53:31 AM

I'm sorry but turn on the captions (speech recognition - cc button right below under the video) and you'll see that he says "work".... You might want to back down now....

Now hold on just a minute! You mean to tell me you'll trust YouTube to tell you what's what? YouTube is owned by Google... What if Google is setting you up to make you think Goldman Sachs is trying to control the future of cryptocurrency? I think we're stumbling onto the biggest conspiracy theory in history...

klee

legendary

Activity: 1498

Merit: 1000

One after the other (Mike Hearn, Vitalik etc) the Bitcoin cartelists join the state, what a surprise!
They need to make real money their big BTC portfolios and SR was never an option for them, go figure..

Miners, early adopters and big investors - the three big cartels in Bitcoin world.

KoinMaster

sr. member

Activity: 323

Merit: 250

Quote from: _ingsoc on January 26, 2014, 11:45:34 AM

Quote from: KoinMaster on January 26, 2014, 11:40:39 AM

At 8:12 ( https://www.youtube.com/watch?v=q5FDvzj8YX4 ) in their introductory video the guy says: "we have....people who work for GS" (in present tense). You keep talking about people in the project who worked(in past tense) for GS . I know you may not like it but what you are asserting is simply not true.

When I listen to it, I hear "worked". I think it's a bit stupid going crazy about this, but it's the latest fixation. I guess we'll find out what the big GS plot is soon enough.

I'm sorry but turn on the captions (speech recognition - cc button right below under the video) and you'll see that he says "work".... You might want to back down now....

_ingsoc

sr. member

Activity: 452

Merit: 251

Quote from: KoinMaster on January 26, 2014, 11:40:39 AM

At 8:12 ( https://www.youtube.com/watch?v=q5FDvzj8YX4 ) in their introductory video the guy says: "we have....people who work for GS" (in present tense). You keep talking about people in the project who worked(in past tense) for GS . I know you may not like it but what you are asserting is simply not true.

When I listen to it, I hear "worked". I think it's a bit stupid going crazy about this, but it's the latest fixation. I guess we'll find out what the big GS plot is soon enough.

KoinMaster

sr. member

Activity: 323

Merit: 250

Quote from: _ingsoc on January 26, 2014, 11:29:27 AM

Quote from: Netnox on January 26, 2014, 11:13:05 AM

I think eth developers have been brainwashed by goldman sachs in believing they are going to change the world

I feel bad for Charles. Guy mentions that someone who worked for Goldman Sachs in the past has interest in the project and a new Internet conspiracy theory is born. If Goldman Sachs is secretly engineering a plot to troll everyone on the Internet, they'd be smart enough to not get Charles to announce it in a YouTube video. Besides, if you knew how deeply embedded those corporations are in Bitcoin, you'd burn your hard drive to a crisp in a bonfire. Keep on derpin'!

At 8:12 ( https://www.youtube.com/watch?v=q5FDvzj8YX4 ) in their introductory video the guy says: "we have....people who work for GS" (in present tense). You keep talking about people in the project who worked(in past tense) for GS . I know you may not like it but what you are asserting is simply not true.

_ingsoc

sr. member

Activity: 452

Merit: 251

Quote from: Netnox on January 26, 2014, 11:13:05 AM

I think eth developers have been brainwashed by goldman sachs in believing they are going to change the world

I feel bad for Charles. Guy mentions that someone who worked for Goldman Sachs in the past has interest in the project and a new Internet conspiracy theory is born. If Goldman Sachs is secretly engineering a plot to troll everyone on the Internet, they'd be smart enough to not get Charles to announce it in a YouTube video. Besides, if you knew how deeply embedded those corporations are in Bitcoin, you'd burn your hard drive to a crisp in a bonfire. Keep on derpin'!

Netnox

legendary

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I think eth developers have been brainwashed by goldman sachs in believing they are going to change the world

klee

legendary

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Quote from: puck2 on January 26, 2014, 11:08:54 AM

Quote from: klee on January 26, 2014, 09:06:04 AM

Vitalik is a 19 y.o. child - IQ is irrelevant here, he can be gamed very easily...

Bill Gates founded Micro$oft at 20. Say what you will about Microsoft and its collusion with power structures... Investing on day 1 might have been a good move, had you had the opportunity to do so... Which of the frontrunners in this space...Etherium, Mastercoin, NXT, Invictus... which are currency, smart property solutions, and which are distributed OS?

I have invested in all of them and I will invest in Ethereum too, only difference is I know I invest to Google or Microsoft here...

No anarcho/will change the world illusions!

puck2

full member

Activity: 234

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Quote from: klee on January 26, 2014, 09:06:04 AM

Vitalik is a 19 y.o. child - IQ is irrelevant here, he can be gamed very easily...

Bill Gates founded Micro$oft at 20. Say what you will about Microsoft and its collusion with power structures... Investing on day 1 might have been a good move, had you had the opportunity to do so... Which of the frontrunners in this space...Etherium, Mastercoin, NXT, Invictus... which are currency, smart property solutions, and which are distributed OS?

_ingsoc

sr. member

Activity: 452

Merit: 251

Quote from: marcusnz on January 26, 2014, 10:38:43 AM

The fundraising starts on feb 1st and goes for 2 months, but when does eth actually officially launch?

No date has been announced yet. All we know is that it'll be a few months. First there'll be a contest regarding Dagger/Slasher involving many research groups, then testnet mining I imagine, and then finally mainnet mining in a few months. You can actually check out and clone/compile code right now in a few languages.

marcusnz

newbie

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The fundraising starts on feb 1st and goes for 2 months, but when does eth actually officially launch?

KoinMaster

sr. member

Activity: 323

Merit: 250

@organizer: We are here to exchange ideas. I disagree with you that nobody will change his/her mind. This had happened to me several times in the past by reading other views on a topic.

As surprising as it might sound from me, I might invest in Ethereum and get out before the pump phase is over. The basic idea is ingenious, I respect Vitalik very much. But until the role of Goldman Sachs hasn't been clarified I won't trust this project.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 1293. (Read 2006094 times)