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.
Topic: [ANN] Ethereum: Welcome to the Beginning - page 1304. (Read 2006003 times)
You are really retarded if you give a Satoshi to these pretentious guys, for a tool that will be available for free just after the IPO.
Please expand... are you referring to clones?Ok, I'm gonna keep it simple :
Ethereum is a copy paste of Bitcoin except that you'll be provided a tool that allow you do easily develop on top of the blockchain.
These guys are not going to develop any application. You will have to do with their tool.
This tool will be for free after the IPO.
If you give your money for these greedy guys, how will you develop your own business ?
isn't that what an OS does?
You are really retarded if you give a Satoshi to these pretentious guys, for a tool that will be available for free just after the IPO.
Please expand... are you referring to clones?Ok, I'm gonna keep it simple :
Ethereum is a copy paste of Bitcoin except that you'll be provided a tool that allow you do easily develop on top of the blockchain.
These guys are not going to develop any application. You will have to do with their tool.
This tool will be for free after the IPO.
If you give your money for these greedy guys, how will you develop your own business ?
that's also the other problem, they won't be producing any application. They will only make a tool that will allow u to make one. I'm sure some nerd out there can make one for $50,000 or for free if he wants to do it himself
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?
It's the maximum because its what they hope to get, if they were really honest they will cap it at $5 Million MAX. Too much greed. Why would they set the max at $36MIL if they really didn't need that much? People need to ask critical questions.
Come on guys $36 MILLION ?
Why do you presume that 30000 BTC will be invested?
they are asking for $36million
...
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
+1 Couldn't have said it better. You hardly can fool a real trader that is well anchored into reality and also has a natural apetite for caustic/ realistic thinking .
What I would like to know is if they fall short of the 36 million, which I predict they will monumentally. If they only raise one million, even with their cheap 2 for 1 sale ploy LMAO, are they going to drop the project and return everyone's money immediately? This is a question people should be asking. Also, if they fall short, and still want to proceed, how do they fund their projects? Do they need to mine 50% if they don't need to distribute to buyers? Some basic questions. LOL This is like a joke, how do you make 36million plus in one day? Put up an ad on Bitcointalk, tell everyone you have the greatest tech and having a first day 2 for 1 IPO sale. It almost sounds like a joke.
You are really retarded if you give a Satoshi to these pretentious guys, for a tool that will be available for free just after the IPO.
Please expand... are you referring to clones?Ok, I'm gonna keep it simple :
Ethereum is a copy paste of Bitcoin except that you'll be provided a tool that allow you do easily develop on top of the blockchain.
These guys are not going to develop any application. You will have to do it yourself with their tool.
This tool will be for free after the IPO.
If you give your money for these greedy guys, how will you develop your own business ?
I agree with Gigacoin's points about free markets they are valid but my problem with ethereum is not the tech but the amount they are asking is just insane. Come on guys $36 MILLION ? WTF are you guys smoking, it seems to me they are calculating in buying a few homes for themselves and new cars obviously, and then maybe use $2 Million for the actual development ? You can get this project Done for $5 Million is a very lavish way. Also don't forget that they increased the IPO price.
Have u guys looked at the team? one of them is 19 years old, and the other seem like they are there just to get rich with no real credentials. One of them is a fundraiser who worked for ron paul campaign, not even a developer wtf...$36 Million with nothing to show for ? Again They are asking for $36 MILLION with NO READY PRODUCT OR COMPANY VALUATION, WAKE UP PPL!
unfortunately projects like these will kill crypto and we will be the laughing stock of the world, this is TRULY the Dot Com bubble in the making.
Have u guys looked at the team? one of them is 19 years old, and the other seem like they are there just to get rich with no real credentials. One of them is a fundraiser who worked for ron paul campaign, not even a developer wtf...$36 Million with nothing to show for ? Again They are asking for $36 MILLION with NO READY PRODUCT OR COMPANY VALUATION, WAKE UP PPL!
unfortunately projects like these will kill crypto and we will be the laughing stock of the world, this is TRULY the Dot Com bubble in the making.
You are really retarded if you give a Satoshi to these pretentious guys, for a tool that will be available for free just after the IPO.
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't
Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way)
Have at it then, I'm sure you will be selling your house and cashing out your retirement to give these guys money that they never had just because they say so. With 36 million and 50% stock options we could invest in a venture capital company that is regulated by US laws that could start-up 20 of these coins with full devs and office and equipment and salary and have money left over to buy a condo and a Mercedes for every employee. It's great that we are all part of this revolution that you are talking about, but here in the real world 36 million and 50% is real money. How many total man hours are each of these principal owners putting into the coin? One or two months tops in their spare time? Revolution and changing the world is great, I hear you, but do people have to get swindled and ass-fracked along the way?
no one is selling their homes to buy Ethereum, too bad you missed the point. Free markets will decide if this is overvalued or not, if it is then the price will tank on launch if it really turns out worth the $36Mill then investors will be rewarded handsomely. It's up to the individual to due their own due diligence, if you think this won't go anywhere and they are asking for more than it's worth then don't invest simple as that.
You are right, we all have a right to trade or buy in a free market, but there are reasons why legitimate companies have to provide a prospectus if an investment banker wants to go IPO. To make people aware of the risks. This is crowdsourcing at its worst. All this talk on this message board about tech is ingenious and drives away the focus on the real point which is profitability and risk/reward and a certain amount due diligence. If you like to blindly go and give your money away to a bunch of strangers on their say so, go ahead. This is not a few dollars here and there. These guys are trying to take a whole lot of money out of the Bitcoin community and I fail to see where they have any additional value than a ton of devs that are working for nothing except return for hard work. These guys want to get PAID before they lift a finger and they want to be Millionaires before proving anything.
Free markets are fantastic as long as people are fully aware of the risks!!! For example.. a legitimate company would have to provide complete financials, exactly what work each individual is doing and how much they are getting paid for their work, potential for loss and why, what is their market size. competition, how many coins are out there now? how many more in the future? are there similar companies you can invest in without investing as much capital, etc They would have to explain why they need so much capital, which I find it would be impossible to explain without the word GREED. Most companies that go IPO usually have been in business for a substantial amount of time and have hard earned work as invested equity along with their own capital investment. These guys, if anyone hasn't noticed, have literally no money invested and little time. This is not an IPO, it's an attempt to take as much money out of the bitcoin community before the hype on crypto coins dies. But when a group of devs are asking for 36 million from the average guy to make themselves millionaires before even launching, I think you should stfu and at least let other people question everything before making a decision like this.
Why crowdfunding startups could get ugly
Venture capitalism is about to go mainstream. But while online fundraising could be a gold mine for startups, experts warn of risks to average investors.
http://money.msn.com/technology-investment/post--why-crowdfunding-startups-could-get-ugly
Venture capitalism is about to go mainstream. But while online fundraising could be a gold mine for startups, experts warn of risks to average investors.
http://money.msn.com/technology-investment/post--why-crowdfunding-startups-could-get-ugly
Exactly why they are trying to crowdsource this instead of taking it to an investment banker. Can you imagine what the prospectus would look like? LOL, the financials would be hilarious. So where does the 36 million go? Ummm..oh well new houses cars, bank accounts, trips to LA Vegas. How much are you working to account for this bonanza? Um total hours? So far...like 72 hours but I promise to do more. There is no venture capital company or investment bank in the world that would take this as an investment of even a hundred thousand dollars. So what do you do if you want to get rich quick? Take it to joe public and capitalize on the Bitcoin/crpyto hype and cash in as much as you can before the fad dies out.
I'm now officially interested in this coin too. I'm interested in finding out how many joe blows will give these guys 36 million cash and 50% pre-mine for just another tech coin.
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't
Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way)
Have at it then, I'm sure you will be selling your house and cashing out your retirement to give these guys money that they never had just because they say so. With 36 million and 50% stock options we could invest in a venture capital company that is regulated by US laws that could start-up 20 of these coins with full devs and office and equipment and salary and have money left over to buy a condo and a Mercedes for every employee. It's great that we are all part of this revolution that you are talking about, but here in the real world 36 million and 50% is real money. How many total man hours are each of these principal owners putting into the coin? One or two months tops in their spare time? Revolution and changing the world is great, I hear you, but do people have to get swindled and ass-fracked along the way?
no one is selling their homes to buy Ethereum, too bad you missed the point. Free markets will decide if this is overvalued or not, if it is then the price will tank on launch if it really turns out worth the $36Mill then investors will be rewarded handsomely. It's up to the individual to due their own due diligence, if you think this won't go anywhere and they are asking for more than it's worth then don't invest simple as that.
Why crowdfunding startups could get ugly
Venture capitalism is about to go mainstream. But while online fundraising could be a gold mine for startups, experts warn of risks to average investors.
http://money.msn.com/technology-investment/post--why-crowdfunding-startups-could-get-ugly
Venture capitalism is about to go mainstream. But while online fundraising could be a gold mine for startups, experts warn of risks to average investors.
http://money.msn.com/technology-investment/post--why-crowdfunding-startups-could-get-ugly
The video published on the project's main page mentions Dropbox as one of the examples that could be recreated as a distributed system with this project, but I couldn't find any info on the more interesting question: how?
Which of its facilities would be useful for that? Who would store the data? Would it be a separate system which just happens to use ethereum for user authentication, or would it actually has anything to do with data storage? How would the insanse amount of data stored distributedly in a way that it doesn't choke the individual nodes, but would be readily available any time?
Dropbox really stands out of the other example applications and without at least some basic techincal description it sounds like just a marketing stunt... so can we have some more info?
Which of its facilities would be useful for that? Who would store the data? Would it be a separate system which just happens to use ethereum for user authentication, or would it actually has anything to do with data storage? How would the insanse amount of data stored distributedly in a way that it doesn't choke the individual nodes, but would be readily available any time?
Dropbox really stands out of the other example applications and without at least some basic techincal description it sounds like just a marketing stunt... so can we have some more info?
My understanding is that different types of contracts will be broadcast through the system for various purposes, including renting out your disk space for periods of time for a consideration i.e. X amount of ETH which someone can accept and backup their stuff on your space. Only the contract will be part of the database of transactions.
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't
Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way)
Have at it then, I'm sure you will be selling your house and cashing out your retirement to give these guys money that they never had just because they say so. With 36 million and 50% stock options we could invest in a venture capital company that is regulated by US laws that could start-up 20 of these coins with full devs and office and equipment and salary and have money left over to buy a condo and a Mercedes for every employee. It's great that we are all part of this revolution that you are talking about, but here in the real world 36 million and 50% is real money. How many total man hours are each of these principal owners putting into the coin? One or two months tops in their spare time? Revolution and changing the world is great, I hear you, but do people have to get swindled and ass-fracked along the way?
interested 
good luck and hope it starts soon.
good luck and hope it starts soon.
Certainly an innovative and interesting project. I’ve read a bit about it here, on reddit and the official webpage (including whitepaper). Nowhere did I see, though, an explanation for these points:
-What exactly funds will be used for? There must be a plan I assume, on a more serious level after “30 kbtc should do it for us folks, right?” Why do you need funds at all?
- What are the achievements of those respective sounding gentlemen in the “Who is behind” section? Why exactly should anyone investing their btc? Vitalik, what achievements do you put into your “resume”?
- What is the project timeline? What are the goals? “Valve time” is not going to cut it here.
- Investors commit their btc, what investments each of those listed in the “behind” paragraph are committing apart from promises that are not an ethereum contract as of yet?
I hope these do sound as fair questions and are not too harsh. Looking forward for a honest answer.
-What exactly funds will be used for? There must be a plan I assume, on a more serious level after “30 kbtc should do it for us folks, right?” Why do you need funds at all?
- What are the achievements of those respective sounding gentlemen in the “Who is behind” section? Why exactly should anyone investing their btc? Vitalik, what achievements do you put into your “resume”?
- What is the project timeline? What are the goals? “Valve time” is not going to cut it here.
- Investors commit their btc, what investments each of those listed in the “behind” paragraph are committing apart from promises that are not an ethereum contract as of yet?
I hope these do sound as fair questions and are not too harsh. Looking forward for a honest answer.
What am I missing here? All I'm seeing is a bunch of smart guys that have figured out a new technology to sell people on investing in their computer generated monopoly money printing technology. As a trader of coins, I keep hearing every avid tech guy on chats and message boards tout their technology. You know what? Nobody gives a shit outside of the programming tech nerds. We only care if it will make us money in the short term. All these coins have a short life span outside of Bitcoin. You know what is most important to people who will actually use these coins? Anonymity and Liquidity, Liquidity, Liquidity. You can take all the tech of the ten thousand different coins and none of them will be worth anything if you can't buy ten million and cash out ten million in a day. But somehow this coin is worth 36 million in pre-sale along with salaries and 50% pre-mine? Frack that, there are new coins that return 20x investments in a day with decent dev support out every other day, this one will be no different.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
And who are all these guys that are interested in this coin and the underlying technology? I'm sure if I read through it thoroughly, I will be impressed with the tech, but c'mon this is just another specially designed coin to make the founders rich with no risk. Will I trade the coin if it does well initially? Yes, but I will dump it as soon as it reaches its peak , just like every other coin not named bitcoin does eventually. Trading this coin is probably smart, but fracking dumping 36 million plus 50% premine into their laps from day one is just dumb. There are plenty of coins with great dev support that don't ask/beg people disguised as an IPO (LMAO) for their money for a new tech coin. I don't care if Obama designed the coin, it's just idiotic to hand over 36 million and 50% pre-mine to a bunch of strangers just because they have a new tech coin. Coins are worth something because they are liquid and can be transferred from one person to another. This, my tech is better than your tech is a war being fought by tech nerds trying to make money off of people while crypto coins are hot. In three years the coin fad may be over and all these altcoins with superior tech will all be gone.
I can accept a few million IPO and a small percentage pre-mine but 36 million and 50% pre-mine? They are just beating everybody with a stupid stick and trying to get rich without any risk. How about a change of pace and they personally invest 36 million of their own money and then take 50% of the pre-mine at least they would have some skin in the game. THey want to get rich before the coin even starts and trying to disguise the greed as an IPO. Trade and invest in the coin, but frackin don't give your goddamn money away just because they say so.
It's free markets at work, it's either you make the most of it or you don't
Some win, some loose, maybe Ethereum will tank who knows, but what matters is we're witnessing the birth of incredible ideas and technology that are changing the world and will change the way we look at finance, assets & contracts. And i think it's fucking awesome that we are all here being part of this revolution (and hopefully making some decent money along the way)
Really solid team behind this development, you can't go wrong. Thanks for the update Vitalik 
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