Topic: [ANN] Ethereum: Welcome to the Beginning - page 1310. (Read 2006003 times)

I've read all 28 pages on the other thread, and all the posts on this one so far. I'm surprised at so many people who are opposed to the founders' share. My take on it is this: if you invent potentially world-changing technology, and that technology succeeds, you deserve to be rewarded. I don't see anybody here complaining about how much money Larry Page and Sergey Brin made off Google!

The founders' ether doesn't even begin to vest until one year after launch, and doesn't finish vesting until three years after launch. That means two things: first, there is no "insant profit" for the founders...they only make money if they create long-term value. Secondly, their premine shares are "locked," which means that even though there is an initial 33% premine (0.5X), no portion of that money will show up on exchanges until 1-3 years have passed. For all practical purposes, that ether doesn't even exist until it vests.

Some of you have said "but they get the bitcoins, and then they get a share of ether, too!" But you aren't reading their terms carefully enough--those bitcoins go to pay for development. They do not go into the pockets of the founders (other than inasmuch as they are paid salaries, as employees). If you think they are lying, well that's another thing entirely. Given the caliber of the founders' and their reputation, I think that is seriously unlikely.

Another thing I don't understand is how people understand ratios so poorly. Would you rather 1000 coins at $10 profit each, or 100 coins at $100 profit each? (HINT: It's the same amount either way!).

TL;DR If you think ethereum just faces too many technical and legal hurdles, or that it's just too risky, then don't invest. But if you think this has true potential and you decide not to invest "on principle" because you feel like the founders are making too much money, then you're a damn fool.

That's mean we have to wait 7 days and 21 hours ?

Trust Over IP to Bitcoin's Money Over IP . It is an ambitious project, one of the most exciting in this space for some years. Keeping an eye on the latest progress

https://bitcointalksearch.org/topic/m.4683379

Interested
Want to invest 0.2btc how to do?

Looks like another way to get money and give nothing back. Where did you dump your other projects? The ones people also invested into...

Dear Ethereum developers,
may i ask why you are fixing fee ratios instead of allowing the market to adjust them in the future?
Isn't it the same as trying to fix prices in a centrally planned economy?
What will happen if for a certain "x", DATAFEE will be too low (below real market value) and NEWCONTRACTFEE will be too high at the same time?
Don't you run the risk that some very good applications will not be built or run properly, while others "bad" applications will because of this?

GL for the project!

A premine? 50% of the whole supply? REALLY?

Isn't the massive amount of BTC you will probably gather in the IPO enough?

It seems to me that greed is taking over.

This is super exciting. I've been following this for a while now and the more I read, the more interested in it I am!

Looking forward to it!

Bump.

Good old 00:00 GMT

Along with the legal aspects, there are many risks with this project.  However, there is a solid team in place and it is the people that interest me.

At what time (please also state the timezone) will the IPO start on Feb 1st?

How can ethereum be illegal its just new technology what people do with the technology could be illegal, same goes for a browser, bitcoin, a chainsaw, a car, a hammer...

Sure, it's obvious that the protocol is only a tool
to achieve freedom based economy.

Obviously since the Master Protocol has many of the same goals, I'm keeping an eye on this project.

Regardless of which technology stacks survive and/or thrive, I think we can all agree that the financial world is in for some major upheaval!

Good points Charles, and I hope you succeed.  But how long do you think ethereum.org will stay online when the media runs an article titled "Silk Road 3.0 Launches on Ethereum" with instructions in the article?

1) Go to Ethereum.org
2) Download Ethereum
3) Click Silk Road app

I think this whole project will get forced underground onto the Tor network in short order because the illegal stuff will be in the blockchain instead of externalized.  It will have to directly compete with bitcoin with both hands tied behind its back because it will be hard for people to even find a safe copy of the program to download.  Am I to understand that you will not have a legal opinion supporting what you are doing?

We will have a legally vetted prospectus available on the first day of the fundraiser that will contain our terms and conditions as well as the risks and uncertainties as we understand them in the ecosystem. Obviously no one has the ability to fully understand the long term uses and misuses of their systems; however, legally speaking, ownership of ether and use of the reference client itself should be classified the same as use of bitcoin and bittorrent. Thus you are liable for the things you do whereas the developers, speculators and general users in the ecosystem are not.

Distributive ownership of dubious things is another fascinating legal topic that is quite relevant to people in the bittorrent sync and tor communities as well. It is really unclear how the law addresses an actor that simply relays content without purpose or direct knowledge- especially if the content is encrypted for example. In a client server model, generally this concern is addressed by a central entity compelling the server to shutdown usually on a sliding scale. This course isn't possible in decentralized networks nor have campaigns to attack random nodes been terribly effective.

All this said, bad actors will quickly learn- as they are with bitcoin- that the transparency of a blockchain will remove any long term sense of anonymity from their activities. The blockchain is a perfect, honest accountant that will keep accurate books. The blockchain is considered an admissible ledger. Nodes can collect IP addresses of their peers in distributive networks. Yes there are defenses, yet in an age of prism, one must have considerable domain skills to keep everything hidden. Thus most won't and this is why law enforcement as a whole are warming up in certain respects to things like bitcoin and blockchain based ecosystems.

Good luck!

I am definately in. 

A few questions here:

1.
Could you please put some more light on this statement, for example, if I invest 1 BTC within the first week, how much Ethers will I end win at the end of the fundraising period?

2. Where can I find a client for Linux and install it, if it is still not created, how can I get the ethers I am going to buy from the IPO?

Thanks and good luck again!