Topic: [ANN] Ethereum: Welcome to the Beginning - page 1302. (Read 2006044 times)

I think you're both right. lol

You're right. We should never think of anything ever again. This is the furthest humanity will ever go, and we've reached it. Let's shut down everything. Ideas are scary, and they're risky, and that's why we do them. I think it's cool that these guys are at least trying to do something interesting. That's all there is to it. It's novel, they're delivering code, and they're open about things. That's cool to me.

So you think a bunch of guys that nobody verified their credentials or business plan can come out and just say hello invest 36 million dollars in our company through a self sponsored IPO and you think it's perfectly legal in the USA? Yup don't worry we are responsible, we've got a youtube video and a message board on [Suspicious link removed]ounds pretty fishy to me.

Count me IN! Good luck!

That's fair. I do want to say my intent with that was to be non-serious though. It's the Internet after all. I just think it's a bit crazy to start going nuts about Goldman Sachs because Charles said someone who worked for them (past tense) is working on the project. We don't even know if that person is just someone who is interested in the project (like any of us) and is volunteering, but we're happy to go apeshit at the drop of a word. We don't even know if that person quit Goldman Sachs because they hated it, that's a possibility too. You do know that bankers own a big chunk of Bitcoin, right? And what if I told you SN was involved in the intelligence community? It's all possible...

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.