Ughh the devs do seem more and more greedy the more I look into this.
I wanted to invest, I just...ugh, Idk.
Topic: [ANN] Ethereum: Welcome to the Beginning - page 1303. (Read 2006003 times)
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.
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.
Maybe a nice Idea, but again it's an investment scheme in it due to the limited supply of Etheres.
That are all nice functions, but I don't see, why in order to use them one has to buy into a highly speculative currency. In fact smart property, smart contracts, decentralized exchange, etc. Would all work better if issuers and and users of these wouldn't need to buy into a currency that is intended to get more and more expensive in order to use it.
I see really nice developments in crypto and it's cool that so many obviously smart people get involved in it.
But it's utterly disappointing, that everything build is at is core build only to make the early adopters rich. (Same thing with: Mastercoin, ProtoShares, Nxt, etc)
What all this people could accomplish if they would help develop Bitcoin?
That are all nice functions, but I don't see, why in order to use them one has to buy into a highly speculative currency. In fact smart property, smart contracts, decentralized exchange, etc. Would all work better if issuers and and users of these wouldn't need to buy into a currency that is intended to get more and more expensive in order to use it.
I see really nice developments in crypto and it's cool that so many obviously smart people get involved in it.
But it's utterly disappointing, that everything build is at is core build only to make the early adopters rich. (Same thing with: Mastercoin, ProtoShares, Nxt, etc)
What all this people could accomplish if they would help develop Bitcoin?
But it's utterly disappointing, that everything build is at is core build only to make the early adopters rich. (Same thing with: Mastercoin, ProtoShares, Nxt, etc) thats the point.
GOLDMAN SACHS INVOLVED IN YOUR PORJECT ARE YOU F... KIDDING ME
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
Charles said "people who WORKED for Goldman Sachs" at 8:10 in the video. Didn't you hear him say there are giant wasps living under the UN building who are also involved?
LOL you are working overtime to shill today. Are you going to go around to everyone's posts and start bashing posters. You have the right in a free market to ask/beg people for 36 million and you are chastising people's right to complain or ask questions? What kind of jerk are you and how much do you get paid to be a board monitor in your attempts to stifle any negative comments towards this huge money grab by your friends?
You know what? You are just a shill and yes these guys are frackin greedy bordering on thieving. Do devs deserve to get paid, yes. Do they deserve to rip people off, hell no. The reason there is a decidedly negative stance on this is because people have a general sense of fairness and this is not it.
You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped.
If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public.
You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped.
If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public.
I'm a shill but you're screaming bloody murder? (1) A prospectus is coming prior to contributions (if you bothered to read half as much as you talk). Community funding is not investment banking. This is about people who care about what's proposed. (2) Where does it say anyone is demanding "36 million plus"? They could raise 2 Bitcoins and it'll go ahead. Read something, you're just embarrassing yourself.
Embarrassing myself, hardly. Coming from a shill I take that with a grain of salt. Yes, I'm screaming bloody murder, that's what I usually do when I seeing people tying to rob others in plain sight. And yeah, they may well have to go with 2btc because I have a hard time believing many people will fall for your plan and you know what your friends are going to do to make up for the shortfall in pre-sell cash? They are going to mine the crap out of the coin and unload on everyone because they want to get PAID in advance. Youtube video and advertisement Bitcointalk for a two for 1 sale of ethereums on day one, please give us 36 million. Sounds like a joke.
GOLDMAN SACHS INVOLVED IN YOUR PORJECT ARE YOU F... KIDDING ME
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
Charles said "people who WORKED for Goldman Sachs" at 8:10 in the video. Didn't you hear him say there are giant wasps living under the UN building who are also involved?
You know what? You are just a shill and yes these guys are frackin greedy bordering on thieving. Do devs deserve to get paid, yes. Do they deserve to rip people off, hell no. The reason there is a decidedly negative stance on this is because people have a general sense of fairness and this is not it.
You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped.
If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public.
You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped.
If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public.
I'm a shill but you're screaming bloody murder? (1) A prospectus is coming prior to contributions (if you bothered to read half as much as you talk). Community funding is not investment banking. This is about people who care about what's proposed. (2) Where does it say anyone is demanding "36 million plus"? They could raise 2 Bitcoins and it'll go ahead. Read something, you're just embarrassing yourself.
GOLDMAN SACHS INVOLVED IN YOUR PORJECT ARE YOU F... KIDDING ME
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
And you have the boldness to ask 30000 btc to fund it...
Only one thing to do : GO TO HELL!
I don't normally make these kinds of posts, or even bother with an account, but Bitcointalk has really deteriorated since I first saw it. Half the people on here can't even construct a proper sentence, but for some reason think we should all hear what they have to say, no matter how asinine the crap they shout over and over.
I've got a couple of points, if you care enough to read:
(1) These guys are trying to build something interesting here. They've put thought into it and a lot of energy. You need to learn how to respect someone else's work, even if you disagree with it. If the whole world operated like the people posting on Bitcointalk, we would live in a real-life idiocracy. Take a step back and realise you're just smearing crap on the walls someone else built through hard work - what have you done?
(2) If you do come to the conclusion that you don't like the project, that's fine. Try and make a statement that's rational and move on. People are shouting about devs demanding millions of dollars when nobody is demanding anything, how young Vitalik is when that has zero impact on anything (can't imagine what you were like at 19 - Lord help us), or this totally irrational obsession with premine = bad when the roads you drive on and the water you drink got premined and delivered to your tires and orifices through some type of social organisation.
(3) We don't live in a fantasy world where devs are free. People need to eat and can't develop something as significant as this project over many years without getting paid. The BTC raised will be completely transparent and go to actually making this happen (and that'll be transparent as well). If you knew anything about project development, let alone cryptocurrency development, you would know how incredibly hard it is to find competent developers. They have those and the contacts to get more. In fact, if you did a little bit of research, you would know there's constant activity of totally open code being written on a near daily basis already.
(4) The founders need to have a vested interest, just like developers. They are the ones who will champion this project harder than anyone else. If there's no incentive for them to do so, what's the point? The founders are going to dedicate years of their lives to growing this project and creating value through building something that's novel. Most projects to date have been amateur hour, and the bar is being set pretty high with Ethereum - maybe that explains all the butthurt some people have about it. How about you look into what each of the founders have contributed to this community? I think you'll get a pretty good understanding of how significant this project is for the larger and future ecosystem if you do.
tl;dr Respect someone's hard work, learn to move on if you disagree, understand that making cool things costs money, and look at the bigger picture.
I've got a couple of points, if you care enough to read:
(1) These guys are trying to build something interesting here. They've put thought into it and a lot of energy. You need to learn how to respect someone else's work, even if you disagree with it. If the whole world operated like the people posting on Bitcointalk, we would live in a real-life idiocracy. Take a step back and realise you're just smearing crap on the walls someone else built through hard work - what have you done?
(2) If you do come to the conclusion that you don't like the project, that's fine. Try and make a statement that's rational and move on. People are shouting about devs demanding millions of dollars when nobody is demanding anything, how young Vitalik is when that has zero impact on anything (can't imagine what you were like at 19 - Lord help us), or this totally irrational obsession with premine = bad when the roads you drive on and the water you drink got premined and delivered to your tires and orifices through some type of social organisation.
(3) We don't live in a fantasy world where devs are free. People need to eat and can't develop something as significant as this project over many years without getting paid. The BTC raised will be completely transparent and go to actually making this happen (and that'll be transparent as well). If you knew anything about project development, let alone cryptocurrency development, you would know how incredibly hard it is to find competent developers. They have those and the contacts to get more. In fact, if you did a little bit of research, you would know there's constant activity of totally open code being written on a near daily basis already.
(4) The founders need to have a vested interest, just like developers. They are the ones who will champion this project harder than anyone else. If there's no incentive for them to do so, what's the point? The founders are going to dedicate years of their lives to growing this project and creating value through building something that's novel. Most projects to date have been amateur hour, and the bar is being set pretty high with Ethereum - maybe that explains all the butthurt some people have about it. How about you look into what each of the founders have contributed to this community? I think you'll get a pretty good understanding of how significant this project is for the larger and future ecosystem if you do.
tl;dr Respect someone's hard work, learn to move on if you disagree, understand that making cool things costs money, and look at the bigger picture.
You know what? You are just a shill and yes these guys are frackin greedy bordering on thieving. Do devs deserve to get paid, yes. Do they deserve to rip people off, hell no. The reason there is a decidedly negative stance on this is because people have a general sense of fairness and this is not it.
You want people to respect their hard work? Show me what you are talking about. Go to an investment banker, hire some attorneys and procure a prospectus and make it publicly available. When you are asking people to fund 36 million dollars, there should be an adequate amount of due diligence available for prospective investors. A youtube video and an advertisement on Bitcointalk forum is frackin not only hilarious its downright appalling. You try going into a bank or venture capitalist's office and asking them for 36 million and 50% premine with absolutely no risk LMAO. They would throw you out of the room and yet you have the gall to come on here and evangelize on why they deserve to get PAID and deserve our respect and money? Go kill yourself. Your sense of fairness is seriously warped.
If no bank or venture capitalist in their right mind would fund this deal, why are they crowdsourcing? Because they think coin investors are idiots. You want respect for your work? Go spend a few hundred thousand and hire an investment banker and attorneys to draw up a prospectus like any DECENT hardworking entrepreneurs would do that asks for 36 million plus from joe public.
I don't normally make these kinds of posts, or even bother with an account, but Bitcointalk has really deteriorated since I first saw it. Half the people on here can't even construct a proper sentence, but for some reason think we should all hear what they have to say, no matter how asinine the crap they shout over and over.
I've got a couple of points, if you care enough to read:
(1) These guys are trying to build something interesting here. They've put thought into it and a lot of energy. You need to learn how to respect someone else's work, even if you disagree with it. If the whole world operated like the people posting on Bitcointalk, we would live in a real-life idiocracy. Take a step back and realise you're just smearing crap on the walls someone else built through hard work - what have you done?
(2) If you do come to the conclusion that you don't like the project, that's fine. Try and make a statement that's rational and move on. People are shouting about devs demanding millions of dollars when nobody is demanding anything, how young Vitalik is when that has zero impact on anything (can't imagine what you were like at 19 - Lord help us), or this totally irrational obsession with premine = bad when the roads you drive on and the water you drink got premined and delivered to your tires and orifices through some type of social organisation.
(3) We don't live in a fantasy world where devs are free. People need to eat and can't develop something as significant as this project over many years without getting paid. The BTC raised will be completely transparent and go to actually making this happen (and that'll be transparent as well). If you knew anything about project development, let alone cryptocurrency development, you would know how incredibly hard it is to find competent developers. They have those and the contacts to get more. In fact, if you did a little bit of research, you would know there's constant activity of totally open code being written on a near daily basis already.
(4) The founders need to have a vested interest, just like developers. They are the ones who will champion this project harder than anyone else. If there's no incentive for them to do so, what's the point? The founders are going to dedicate years of their lives to growing this project and creating value through building something that's novel. Most projects to date have been amateur hour, and the bar is being set pretty high with Ethereum - maybe that explains all the butthurt some people have about it. How about you look into what each of the founders have contributed to this community? I think you'll get a pretty good understanding of how significant this project is for the larger and future ecosystem if you do.
tl;dr Respect someone's hard work, learn to move on if you disagree, understand that making cool things costs money, and look at the bigger picture.
I've got a couple of points, if you care enough to read:
(1) These guys are trying to build something interesting here. They've put thought into it and a lot of energy. You need to learn how to respect someone else's work, even if you disagree with it. If the whole world operated like the people posting on Bitcointalk, we would live in a real-life idiocracy. Take a step back and realise you're just smearing crap on the walls someone else built through hard work - what have you done?
(2) If you do come to the conclusion that you don't like the project, that's fine. Try and make a statement that's rational and move on. People are shouting about devs demanding millions of dollars when nobody is demanding anything, how young Vitalik is when that has zero impact on anything (can't imagine what you were like at 19 - Lord help us), or this totally irrational obsession with premine = bad when the roads you drive on and the water you drink got premined and delivered to your tires and orifices through some type of social organisation.
(3) We don't live in a fantasy world where devs are free. People need to eat and can't develop something as significant as this project over many years without getting paid. The BTC raised will be completely transparent and go to actually making this happen (and that'll be transparent as well). If you knew anything about project development, let alone cryptocurrency development, you would know how incredibly hard it is to find competent developers. They have those and the contacts to get more. In fact, if you did a little bit of research, you would know there's constant activity of totally open code being written on a near daily basis already.
(4) The founders need to have a vested interest, just like developers. They are the ones who will champion this project harder than anyone else. If there's no incentive for them to do so, what's the point? The founders are going to dedicate years of their lives to growing this project and creating value through building something that's novel. Most projects to date have been amateur hour, and the bar is being set pretty high with Ethereum - maybe that explains all the butthurt some people have about it. How about you look into what each of the founders have contributed to this community? I think you'll get a pretty good understanding of how significant this project is for the larger and future ecosystem if you do.
tl;dr Respect someone's hard work, learn to move on if you disagree, understand that making cool things costs money, and look at the bigger picture.
Hello Vitalik! Quick question! Is there a minimum amount required for initial investment? On the blog you wrote:
Will the minimum purchase be 1 BTC worth or will you be able to purchase with .5BTC or less for example? I think there are a lot of people who don't have thousands to invest but still want to get involved early on. Me being one of them
min is .01btcQuote
...on February 1, the fundraiser will begin, at which point anyone will be able to obtain some of the initial pre-allocated ether (Ethereum's internal currency) at a rate of 1000-2000 ether for 1 BTC by going to http://fund.ethereum.org. The fundraiser will run throughout February and March, and early funders will get higher rewards; anyone who sends money in the first seven days will receive the full 2000 ether, then 1980 ether on the 8th day, 1960 on the 9th day, and so forth until the baseline rate of 1000 ether per BTC is retained for the last three days of the fundraiser.
Will the minimum purchase be 1 BTC worth or will you be able to purchase with .5BTC or less for example? I think there are a lot of people who don't have thousands to invest but still want to get involved early on. Me being one of them
Why in the world would anyone buy this coin pre-sale is beyond me. This coin is going to be way way undersold. There is going to be a huge coin dump to compensate and you will be able to buy them for huge discounts aftermarket. Do not enable this type of behaviour from coin devs. Do they deserve to make a ton of money for their efforts? Yes, if the the coin succeeds. Do they need to be millionaires before the launch and before we see progress or pretty much anything? WTF? They want the entire Bitcoin community to pay them 36 million dollars plus salary plus 50% of the mine before launch. For what? They must think we are all frackin idiots.
Hello Vitalik! Quick question! Is there a minimum amount required for initial investment? On the blog you wrote:
Will the minimum purchase be 1 BTC worth or will you be able to purchase with .5BTC or less for example? I think there are a lot of people who don't have thousands to invest but still want to get involved early on. Me being one of them
min is .01btc Quote
...on February 1, the fundraiser will begin, at which point anyone will be able to obtain some of the initial pre-allocated ether (Ethereum's internal currency) at a rate of 1000-2000 ether for 1 BTC by going to http://fund.ethereum.org. The fundraiser will run throughout February and March, and early funders will get higher rewards; anyone who sends money in the first seven days will receive the full 2000 ether, then 1980 ether on the 8th day, 1960 on the 9th day, and so forth until the baseline rate of 1000 ether per BTC is retained for the last three days of the fundraiser.
Will the minimum purchase be 1 BTC worth or will you be able to purchase with .5BTC or less for example? I think there are a lot of people who don't have thousands to invest but still want to get involved early on. Me being one of them
If you study the potential of the bitcoin protocol and it is very clear that the power of the platform is currently vastly underutilised. Yes there are built in contracts, escrow, and other complex operations, but these are barely utilised, in spite of them being desperately needed by the bitcoin community and ecosystem.
I don't know the developers and I'm not technically qualified to say for sure, but the next years Google could look just like this.
One of the interesting things about buying/mining any coin is that you not only get the value of the coin and the ability to spend it, but also it is a share in the business of the coin, much like a stock market share. Why complain about them raising 20million when you'd prefer it was 2 million.
Clearly bitcoin is going to be big business - if you want to win it makes sense to be well funded, or you'll get squashed by the next guy.
Time will tell if these guys succeed or crash, but this should be looked at as more than a speculative currency investment - it is taking a stake in the development of a promising new technology.
Personally I'm bullish about bitcoin, but not (just) as a speculator. I'm bullish about the protocol and how it is going to impact the future.
I see bitcoin as being on par with social media or the internet. We are at the very start, but its the programming and contract potential that will be the long term value. The currency aspect will be important, but that's just a special use case of something much more powerful. I've got a lot more interest in what these guys are doing than the next Dogecoin, that's for sure!
As to the people who said "they aren't even going to build the apps for you!" - that's like complaining that the internet sucked as an invention because it didn't have facebook yet.
I don't know the developers and I'm not technically qualified to say for sure, but the next years Google could look just like this.
One of the interesting things about buying/mining any coin is that you not only get the value of the coin and the ability to spend it, but also it is a share in the business of the coin, much like a stock market share. Why complain about them raising 20million when you'd prefer it was 2 million.
Clearly bitcoin is going to be big business - if you want to win it makes sense to be well funded, or you'll get squashed by the next guy.
Time will tell if these guys succeed or crash, but this should be looked at as more than a speculative currency investment - it is taking a stake in the development of a promising new technology.
Personally I'm bullish about bitcoin, but not (just) as a speculator. I'm bullish about the protocol and how it is going to impact the future.
I see bitcoin as being on par with social media or the internet. We are at the very start, but its the programming and contract potential that will be the long term value. The currency aspect will be important, but that's just a special use case of something much more powerful. I've got a lot more interest in what these guys are doing than the next Dogecoin, that's for sure!
As to the people who said "they aren't even going to build the apps for you!" - that's like complaining that the internet sucked as an invention because it didn't have facebook yet.
I call bullshit on everything you wrote. This coin has a very minimal chance to survive in the long run. Is there some innovation? Probably yes. Is there a huge chance that it will fail? Yes. Will there be another coin with more innovative features around the corner? Yes. If you think this coin has any chance of overtaking Bitcoin, you are smoking crack. Do these guys really need all 36 million and 50% of the pre-mine to survive and compete? Fawk no. A venture capitalist would only give them just enough money to pay for expenses and the rest in shares based on the success of the coin. These guys are not trying to fund the project, they are trying to Frackin be millionaires before the launch of the coin. They are taking ZERO risks and putting the burden of the 36 million they will have in their bank accounts on the Bitcoin community.
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke.
Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes.
Thing is i'm not saying that its not a great coin, it could be, that's why I said I'm not technical and didn't know enough to ascertain its intrinsic value.
That point is irrelevant, my point is even if they have the most awesome coin in the world and will become the new global reserve currency they are clearly setting the IPO up to massively benefit themselves under the guise of being fair to miners etc. So the truth is I could make some good money on them but I know the founders will be making off like bandits as well. BUT I don't mind that, founders deserve rewarding if they ARE successful but they will succeed even if their coin isn't.
So why wouldnt I just pass this by? Well because if I gain I care little about their success. In fact the reason they can grab a large cut is because they MIGHT have a great coin. They know you want something and are being dicks about it basically. They are selling water in a desert, of course we want it and they can charge anything they want.
Now I have zero problem with them being dicks about how much they are asking, what I find annoying is they are talking BS about this being the fairest way possible to distribute the coins.
I would respect the little dweeb if in his squeaky little nerd voice he just said hey i'm the Geek Daddy and i'm gonna get so rich I can buy every Star Wars figure ever made and can get to have a gay spit-roast with his hero's Mark Zukerberg and Obama.
I dont know what the problem is anyways. If you pre-buy the coins you are enabling these kinds of schemes and it will ultimately hurt you in the long run because hundreds of coins will try to pre-sale millions in the future and turn and burn traders and investors. If you like the coin you will be able to buy a ton of them aftermarket without supporting this scheme. Besides, they are setting a pre-market sale of one dollar per ethereum. I GUARANTEE YOU that it will be way undersold. I am 100% certain that real traders will not dump that kind of cash into someone else's lap before launch. When they find out its undersold, they are going to try to make up for it by pre-mining the crap out of it and selling it aftermarket to pay themselves in that way. The market will get saturated in the beginning and you will be able to buy as many as you want at a steep discount. Imagine they try to dump 30 million shares on the market at a dollar plus all the coins that will be mined. It will surely sink before it will rise. You have to be dumb to buy it in advance. You will can wait until the last day of pre-sale and find out if its undersold and then you will know they will have to dump a lot of coins on the market in order to keep monetary promises to all their core people.
The ONLY reason they are doing crowdsource type of funding is because no legit banker or venture capitalist in the world would fund this project and if they did it would be with minimum cash to stay afloat and share options if they succeed. The only people they can find dumb enough to not dig deep into finances are people who invested in coins and are just looking for the next hit without doing any due diligence. But, I believe even us dumb traders can smell a fish and bait when we see one. So there will be a few suckers and it will fall way way short of their goals. Hence, massive dumping in the beginning. I'm not against these guys making money, just against people taking advantage of other people. This is a total scam job. IPO my ass, that's just appalling and these guys must have a very low opinion of the Bitcoin community's intelligence. Let them earn their money off the bitcoin community like every other dev. Through hard work and success of the coin.
Free markets only work when the naive are made aware of the risks, otherwise it is just another scam job. I'm not even sure if these guys are legally allowed to fund this amount of money with USA residents, there are certain crowdsourcing laws to keep people from scamming others and Im sure when you are talking 36 million, it would be highly scrutinized.
If you study the potential of the bitcoin protocol and it is very clear that the power of the platform is currently vastly underutilised. Yes there are built in contracts, escrow, and other complex operations, but these are barely utilised, in spite of them being desperately needed by the bitcoin community and ecosystem.
I don't know the developers and I'm not technically qualified to say for sure, but the next years Google could look just like this.
One of the interesting things about buying/mining any coin is that you not only get the value of the coin and the ability to spend it, but also it is a share in the business of the coin, much like a stock market share. Why complain about them raising 20million when you'd prefer it was 2 million.
Clearly bitcoin is going to be big business - if you want to win it makes sense to be well funded, or you'll get squashed by the next guy.
Time will tell if these guys succeed or crash, but this should be looked at as more than a speculative currency investment - it is taking a stake in the development of a promising new technology.
Personally I'm bullish about bitcoin, but not (just) as a speculator. I'm bullish about the protocol and how it is going to impact the future.
I see bitcoin as being on par with social media or the internet. We are at the very start, but its the programming and contract potential that will be the long term value. The currency aspect will be important, but that's just a special use case of something much more powerful. I've got a lot more interest in what these guys are doing than the next Dogecoin, that's for sure!
As to the people who said "they aren't even going to build the apps for you!" - that's like complaining that the internet sucked as an invention because it didn't have facebook yet.
I don't know the developers and I'm not technically qualified to say for sure, but the next years Google could look just like this.
One of the interesting things about buying/mining any coin is that you not only get the value of the coin and the ability to spend it, but also it is a share in the business of the coin, much like a stock market share. Why complain about them raising 20million when you'd prefer it was 2 million.
Clearly bitcoin is going to be big business - if you want to win it makes sense to be well funded, or you'll get squashed by the next guy.
Time will tell if these guys succeed or crash, but this should be looked at as more than a speculative currency investment - it is taking a stake in the development of a promising new technology.
Personally I'm bullish about bitcoin, but not (just) as a speculator. I'm bullish about the protocol and how it is going to impact the future.
I see bitcoin as being on par with social media or the internet. We are at the very start, but its the programming and contract potential that will be the long term value. The currency aspect will be important, but that's just a special use case of something much more powerful. I've got a lot more interest in what these guys are doing than the next Dogecoin, that's for sure!
As to the people who said "they aren't even going to build the apps for you!" - that's like complaining that the internet sucked as an invention because it didn't have facebook yet.
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke.
Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes.
Thing is i'm not saying that its not a great coin, it could be, that's why I said I'm not technical and didn't know enough to ascertain its intrinsic value.
That point is irrelevant, my point is even if they have the most awesome coin in the world and will become the new global reserve currency they are clearly setting the IPO up to massively benefit themselves under the guise of being fair to miners etc. So the truth is I could make some good money on them but I know the founders will be making off like bandits as well. BUT I don't mind that, founders deserve rewarding if they ARE successful but they will succeed even if their coin isn't.
So why wouldnt I just pass this by? Well because if I gain I care little about their success. In fact the reason they can grab a large cut is because they MIGHT have a great coin. They know you want something and are being dicks about it basically. They are selling water in a desert, of course we want it and they can charge anything they want.
Now I have zero problem with them being dicks about how much they are asking, what I find annoying is they are talking BS about this being the fairest way possible to distribute the coins.
I would respect the little dweeb if in his squeaky little nerd voice he just said hey i'm the Geek Daddy and i'm gonna get so rich I can buy every Star Wars figure ever made and can get to have a gay spit-roast with his hero's Mark Zukerberg and Obama.
sure maybe its a great crypto but for $36 Million dollars ? ZERO risk from their side ZERO, its all on us and the incentives on ROI aren't that great either.
organizing an IPO that will make everyone happy is not easy.
BCNext asked for 21 btc for all available Nxt....once he got the 21 btc closed the IPO as all shares where tied to that amount.
people complained cos they didn't make it in time and argued that he should have had no cap and continued selling coins (which would have effectively diluted the investments of those who bought in believing 21 btc would buy the whole pie).
ethereum now does an IPO with no cap (basically there's just an unreachable skyhigh buffer cap) and the same people who argued against NXT cos it had a cap are now saying ethereum devs are greedy for not having a cap ..
in other words seems like either way you can't please people here,
i think the ethereum "no cap" way is the best.....set an amount of time....let the market decide how much it wants to put into it (remember there's noone forcing you to buy into it) then slice the pie accordingly.
judging by the big team they have, they are looking at rasing at least 150 btc (that would pay minimum wage salary to all of them for 1 year).obviously they might be looking at something more than just minimum wage...
i would personally like to see them with more exposure in ethereum coin itself so that would be a guarantee that they'd continue working on it for a while and they'd also have more to lose if it goes tits up.
in any case I'm not a blind investor....and will only judge whether to invest when there's more details about the product . in any case i will try the dagger mining if they still have it in place on release.
BCNext asked for 21 btc for all available Nxt....once he got the 21 btc closed the IPO as all shares where tied to that amount.
people complained cos they didn't make it in time and argued that he should have had no cap and continued selling coins (which would have effectively diluted the investments of those who bought in believing 21 btc would buy the whole pie).
ethereum now does an IPO with no cap (basically there's just an unreachable skyhigh buffer cap) and the same people who argued against NXT cos it had a cap are now saying ethereum devs are greedy for not having a cap ..
in other words seems like either way you can't please people here,
i think the ethereum "no cap" way is the best.....set an amount of time....let the market decide how much it wants to put into it (remember there's noone forcing you to buy into it) then slice the pie accordingly.
judging by the big team they have, they are looking at rasing at least 150 btc (that would pay minimum wage salary to all of them for 1 year).obviously they might be looking at something more than just minimum wage...
i would personally like to see them with more exposure in ethereum coin itself so that would be a guarantee that they'd continue working on it for a while and they'd also have more to lose if it goes tits up.
in any case I'm not a blind investor....and will only judge whether to invest when there's more details about the product . in any case i will try the dagger mining if they still have it in place on release.
Come on guys $36 MILLION ?
Why do you presume that 30000 BTC will be invested?they are asking for $36million
Isn't 30000 BTC just the maximum amount that can be invested?
So if somebody comes and asks if he can invest 100 000 BTC , will they refuse the offer? =)))
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke.
Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes.
Thing is i'm not saying that its not a great coin, it could be, that's why I said I'm not technical and didn't know enough to ascertain its intrinsic value.
That point is irrelevant, my point is even if they have the most awesome coin in the world and will become the new global reserve currency they are clearly setting the IPO up to massively benefit themselves under the guise of being fair to miners etc. So the truth is I could make some good money on them but I know the founders will be making off like bandits as well. BUT I don't mind that, founders deserve rewarding if they ARE successful but they will succeed even if their coin isn't.
So why wouldnt I just pass this by? Well because if I gain I care little about their success. In fact the reason they can grab a large cut is because they MIGHT have a great coin. They know you want something and are being dicks about it basically. They are selling water in a desert, of course we want it and they can charge anything they want.
Now I have zero problem with them being dicks about how much they are asking, what I find annoying is they are talking BS about this being the fairest way possible to distribute the coins.
I would respect the little dweeb if in his squeaky little nerd voice he just said hey i'm the Geek Daddy and i'm gonna get so rich I can buy every Star Wars figure ever made and can get to have a gay spit-roast with his hero's Mark Zukerberg and Obama.
They say they are trying to make this IPO as fair as possible and distribute it also to miners etc. BUT they don't follow through with this fairness to themselves enriching themselves greatly. This could be a great technology but I'm not technical but this is more unfair than NXT ever was. At least NXT only became enriched by their own coins and didn't collect a huge amount of BTC to start.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
I might invest in this but I am 100% that the guys are doing something that will benefit themselves multiples of times more than any investor. If they wanted to be fair they could put a cap at 1 BTC or even just ask people to send a token amount like .001 BTC etc. They could still get rich from their share if they create a successful coin. Don't forget even if this coin sucks and fails they get rich, this isn't Libertarian freedom of capitalism but more resembling a Ponzi scheme.
If I buy this coin and don't make much i'm going to be pissed that the skinny little geek is going to be snorting coke of one of his Faggot Dungeons and Dragons buddies butt crack.
The simple question you have to ask yourself is this? Why pre-buy this coin as an investment and make these guys 36 million when you can probably make just as much on other coins without the risk of pre-sale. For example, I have been buying up Klondikes since their launch a few weeks ago and already tripled my investment and expect at least 10x more still. Why did I invest my money into Klondike? They have six certifiable devs that are working on projects round the clock and you know how much was pre-mined and pre-sold? Zero and Zero. These guys are actually BUYING their own coins and hoping their investment in hard earn work and capital will earn them money later. Can you believe that? I can invest in Klondikes because I know the devs got a lot of their OWN money and time riding on it so they will not let it fail. These guys on ethereum, I cant stop laughing, they are asking for 36 million dollars and 50% pre-mine. "palmface" If didn't see it, I would think it had to be a joke.
Even if you believe this coin will succeed in some capacity, you should not reward these guys for being greedy. These type of deals will turn off a lot of the Bitcoin community and if people start putting any decent amount of money into these types of coins, I GUARANTEE YOU, there will be a hundred more coins like this that will try to raise millions in pre-sale. And before you know it, the market will be saturated and collapse, and the hundreds of thousands of people will start losing money because there just is not enough capital to support hundreds of 36 million pre-sale coins. Don't support these get rich quick scams. If you like the concept, you will be able to buy tons of these coins aftermarket without any pre-sale risk and without enabling these type of coin operators schemes.
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