Topic: [ANN] Ethereum: Welcome to the Beginning - page 1308. (Read 2006003 times)

Just sayin'

I know.

Just because people say things on the Internet doesn't make it true.

a question about the mining: is it work like other alt coin?

Vitalik posted a Youtube video yesterday where he suggests that ethereum is not an altcoin, but rather a platform. FWIW.

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 

^That's why I'm liking this project.  The people behind it seem to have enough power to be able to pull the necessary strings to achieve success

It does but someone maybe paid enough bitcoins to some address to not make it happen.

I don't understand why this thread does not belong in the Altcoin section.

I too would like to read an answer to this question.

But it didn't coincide with anything, that's my point.  According to what it showed me, it was set to expire at midnight tonight (Pacific Time) -- but now it seems that nothing is happening at midnight tonight, the website was updated, there's new content and such to mull over, but that didn't align with midnight tonight.

My best guess is that there's legal stuff for them to finish sorting out, so they had to push it back.  Any official word on this?

1. We will have transparent accounting
2. Ethereum is 100% open source. If the community gets angry at the way we handle the funds, they can release a fork and delete whatever portion of the issuance they don't like out of existence. We are thus very aware that we have to tread carefully here.

Also, over two years, we will be transitioning the Ethereum org itself into a DAO, so at some point its reserve holdings will also be maximally trust-free.

Fundraiser participants are not locked down. Only the premine is locked down.

Me too. If it goes to hell I wont lose much anyway.

If you are talking about the IPO launch, then no.



IPO countdown:

The ethereum website originally had a timer without any indication as to what the timer actually meant. Some people interpreted that timer as a deadline to begin the IPO, others as a deadline for the announcement to be made...etc.

Hi Vitalik, I've learned about the project yesterday and I'm already in love with the idea, can't wait to help you fund it.

I have looked at CLL wiki entry and a simple use case I have in mind (app for company shares), and I found it won't be possible to implement dividend sending, since there is no way to iterate over contract storage. I've uploaded a contract sketch to gist and you can see it here https://gist.github.com/goshakkk/c97a8aa330c1f0a2d34b

I don't really see an issue with allowing to iterate over contract storage, the contract would get charged for every computation step regardless. It might be a bit of an issue to keep all the keys and values in RAM on large data stores though... So it could maybe keep just keys in memory? Perhaps, instead of the way I propose (`contract.storage` acting like a dictionary), it could at least be possible to access storage keys with `contract.storage.keys`?

The workaround I see is to use `contract.storage[1001]` and store an array of shareholder addresses there and then iterate over it when invoked with pay a dividend command (it's possible to store arrays as values, right?), but it would use up precious contract storage space to store shareholder addressed in two places.

So... are you planning on adding some way to iterate over storage keys? It would be super cool to see it.

I thought Ethereum was launching tonight at midnight, did that change?

I read through this forum waiting for someone to ask, but never saw the question.  I'm starting to think I had my dates wrong.

OK, I see your point now. It may not be "fair," but I don't see why it would impact the success or failure of the company. Let's say they make millions if they fail...or hundreds of millions if the succeed. Maybe it's not fair, but the incentives are still there for them to do a good job.

I'm not accusing them of stealing.
They just cannot lose while all investors can.
If they succeed, maybe all involved parties win. If they fail, everybody - except the founders - loses. That's a pretty comfortable starting point for the founders. I don't know if it's the same with "real world" venture capital, but I guess "real world corporation" investors safeguard themselves somehow.

This is not at all the same as a Canadian stock market IPO. Canadian law does not apply at all here. Stock offerings are extremely complicated. You usually have to pay investment bankers millions to do them for you. In the US you have to fill forms like S-1. Then a price for the IPO is set, by the market. You can't just go out and sell stock at any price you seem fit. And then you have to follow US Gaap Accounting, find a top accounting firm to do audits. I don't know about Canadian law, but it is roughly the same for any developed nation. In the US you can sell stock Over the counter, but even then you have to be SEC registered (roughly 200-500k$ per year to maintain such a listing). Trust is very non-linear. usually you find out about people when things go against you. if a lot of money is on the line, they use every weapon at their disposal. anyone who calls these processes that are currently going on "transparent" is living in a bubble. regulatory risk is extremely high.