Topic: [ANN] Ethereum: Welcome to the Beginning - page 1301. (Read 2007155 times)

You are crazy off in your calculations, 36 million to support how many guys for how many years and that is not excessive?  We are living in two different worlds because I'm sure any venture capitalist would tell these guys to blow off if they presented them with the investment numbers they are asking from the public.  You are acting as if this coin will actually survive in the long run.  Every coin forum I have been to has a group of devs that think they have the best and innovative tech.  You know what?  There will be more coins and even better tech next month from the next group and so on and so on.  If ANY coin survived in the long run it would make a 100M investment look cheap, that is a very lame apologist explanation.  The chances of any coin to surviving besides bitcoin after the crypto hype is over is slim to none.  This coin and every coin before and after it is a long long long shot to survive when the crypto hype dies.  You can take all the technology you want and nobody cares except for tech nerds.  The only thing people care about in coins is the ability to transfer money anonymously and liquidity liquidity liquidity.  What good is a coin if you cant cash it out, I dont care what tech is behind it.

Calling something a conspiracy is the easy way to try to discredit anything these days, yeah just lump financial corruption with aliens and bigfoot. Bright...


Can I remind you Libor fixing was called a crazy conpiracy as was gold fixing, as was the NSA recording all your communications....

+1 Dogecoin.

IT IS CRAZY excessive, no one i mean no one ever calculates their startup costs 3-5 years in advance plus obviously buying their own homes for their future security. Just think for a moment how much $36Million is and what it can get you. They are basically doing a ZERO risk approach + guaranteed Super Profits. Even if ethereum fails they will still get away with huge sums of money.

I've got no idea. I'm not involved in this project - but according to posts above this, I'm a conspiracy too! I think the project is interesting, and I read most of it. It looks like people have become really fixated on details that don't even matter. Like how everyone freaked out about 1.2t coins until Canth used logic instead of screaming and pointed out we don't get to the hard limit of coins until the year 26k. If you look at what the people said who are part of the project, you'll see that the 30k BTC is a hard cap. It's pretty obvious that the project hopes to attract interest from a broad range of people, so it's not really that much if you add up the numbers. There are 0.25m users that have posted on this forum alone, and only a small percentage of people who will contribute will probably be from Bitcointalk. It's a ton of money for an individual, but for a large project, no way. But don't shoot me about it, I'm not even a messenger!

So you think putting a hard cap of 30K btc is different then asking for 36 million?  You are seriously mind warped.  Asking is not the same as getting, duh but the mere gall to assume even put the cap that high is total greed and money grab and I will definitely be calling the US Attorneys office to vet your friend's proposal because the more I think of it, the more I think it is illegal in US in the way they are trying to take 36 million from joe public.

you haven't even addressed the issue of 50% premine ontop of the ridiculous amount of money they look to fundraise.

I was really hoping the Ethereum team was going to start answering some of the serious questions in this thread, but I'll give them a break for a few days since I know they are at the Miami conference. I just hope they are not discouraged by pages and pages of posts by people who don't seem to have spent any significant amount of time researching this project.

If you are seriously concerned then please frame your posts in the form respectful intelligent questions rather than accusatory bashing rants. You'll find you have more support when you post coherently and factually. Have you actually read the white paper (at least twice), read the previous 28 page thread by tacotime, or bothered to research the core team behind Ethereum and some of their recent work? (rhetorical question). Is 30,000 BTC + 50% premine of the initial batch of coins too much? Maybe. From a 'how much $$ do they really need to operate full time for ~3 years to develop this into a solid platform without having to worry about rent, consultants and lawyer fees' - It definitely strikes me on the high side but not crazy excessive. From a 'this thing *may* really be the best bitcoin 2.0 platform we'll see for a while'... 30,000 BTC is going to seem like a very cheap valuation in hindsight. BTW, 30,000 BTC is the max they could raise. They may raise a tiny fraction of that, we shall see.

so why don't you build on top of PPC if you are going to use pow/pos? not profitable enough?

Glad to be a part of the beginning 

It's ridiculous to allow it to keep it going beyond anything more than $5Million , do you realize how much $36Million is ? You can build a large 5 story building with that money, in some countries you can build a tower.

Wow talk about embarrassing yourself.  Now you are just getting aggressive with the posters to the point of harassment.  I'm actually considering making a call to the US Attorney's office about you and your friend's involvement in raising this amount of money.  I'm not sure raising the amount of capital you are thinking about with these procedures is entirely legal.

Yea sure buddy, what about if they only raise 1 million?  They will have pre-mined 50% and part of that amount that was designated for investors will be used to unload.  I highly doubt those will be time-locked because if they raise only one million pre-sale they would not have the funding to pay all those wonderful salaries.  And you are getting decidedly annoying, you are like a walking billboard.  It would be wonderful if you would just come out and state exactly what your relationship with this group is and how much you are getting paid to shill on here.  You are like some campaign manager.

The greatest conspiracy theory since Satoshi Nakamoto. Can we get this to the press?

And another thing you're wrong about. More FUD. It's time-locked. They can't unload until way after those who contribute.

Last I'm responding to you cause it'll just loop. I'm not involved in this project. In fact, if you look at my posts, you'll see I'm involved in a totally different cryptocurrency proposal. I'm expressing my opinion because I've seen you spread FUD over and over in this thread and it's drowning others out. I'm not bashing your posts either (you told me to kill myself in one of yours btw). What I'm trying to tell you is that nobody is asking for "36 million". I don't know where you got that, or what you misread, but it's just plain wrong, and if you just leave it like that, people will get confused because you keep posting it over and over. There is a hard cap of 30k BTC. They're not asking for that, they're saying if it reaches that, it would be ridiculous to allow it to keep going. They've got spending plans that will be made public that go up to a certain point, and I imagine it does not exceed that level, so that's where it's hard capped.

If you want to invest wait until it hits the market.  The devs are going to unload a ton of ethereums to pay for the shortfall in pre-investment money.  I can guarantee you that.  If they can get people to buy aftermarket fine, let the market dictate how much they want to pay for the coins.

Sorry I had to post. I just watched the video and its true at 8.10 they mention some involved are from Goldman Sachs. I'm telling you do NOT trust this coin. I'm not saying you wont make money, in fact its got enough backing I bet that it may well be successful. But I can tell you now whether the founders know it or not they are being played by bigger powers than themselves. I was wondering when a bigg central bank connection would try to get its foot in door of digital currencies and here it is. You can guarantee that it was Goldman Sachs money that brought together an unsuspecting talented team to create this. Goldman is more than a bank they are the powers that be....The IPO even sounds like a shit IPO that Goldman has been involved in like Facebook etc. Buy it if you want, make some money and then never use this shit ever again......

I'm not shrill I have no reason other than knowing enough about Goldman Sachs and the banking elite that this has powerful elite written all over it. This is not against the founders I expect they were just rounded up and head hunted...

http://euro-med.dk/bil/goldman-sachs-20conquers-20europe.jpg

Ughh the devs do seem more and more greedy the more I look into this.

I wanted to invest, I just...ugh, Idk.

I have to say I'm disgusted by this so called Ethereum fundraiser, i know they will make a lot of money simply because of the crypto currency craze. I don't doubt the technology but i think it is wrong to exploit people this way, i know for a fact this money will be used so that this small group of people buy homes, cars, and secure their financial future. On top of the fundraiser they want to own 50% of Ethereum, plus they want ongoing salary. Really this is disgusting.

If these people had ethics they would've capped the investment so that it covers their expenses and a little bit more, but they just want to become millionaires overnight. I bet you they are so excited about this because they know just how rich they are about to become.

I mean look at the idiots giving 100's of BTC to the daily IPO scams that go on here, everyday someone makes a IPO posts, ppl give them BTC one week later they run away.  i'm not saying Ethereum is a scam, it is definitely real but just goes to show how much of a craze crypto is.

it is also sad that the people making these projects are just pure greedy, rather than actually wanting to create real change and revolution like Satoshi did.