Anyone buying Ether ? - page 3. | Bitcointalksearch.org

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: BitCoinDream on August 13, 2014, 05:02:36 PM

I heard Ethereum guys have announced to dump their BTC collection resulting in a price drop. Any idea regarding this ?

I haven't heard about this but then I find it funny when people attribute one thing to another. Anyone who says price drop is because they want to dump their bitcoin is being stupid. They haven't seen a real market in their life.

Hell, he/she are they aware of the recent US sale of Silk Road's bitcoin. No one, and I mean, no one with such a huge cache is going to be able to sell coins without hurting themselves. Think about this if current value of their cache is say 60 million due to 600 USD per btc rate. Are they going to get same value when they try to dump? Obviously not.

The whole thing is simply, btctalk's favourite word, FUD.

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: discodancer on August 12, 2014, 05:34:49 AM

Quote from: BitCoinDream on August 12, 2014, 05:10:38 AM

Quote from: discodancer on August 12, 2014, 04:12:21 AM

Quote from: BitCoinDream on August 11, 2014, 01:28:49 PM

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? Tongue

People should get into T&C otherwise they cry later. Even the ICOs on bitcointalk turn shitty like that.

Ps2: I am from the 80s. Disco Dancer - Mithun da's path breaking movie came out in 1982. but I am more fan of his 90s works like Shapath and Raavan etc Wink

What's wrong with the BitcoinTalk ICO ?

For one they are illegal in most of the jurisdictions (thats where you have to tip the hat to ethereum -- wonder why they are based out of switzerland? Wink

). and they don't really have any legally binding T&Cs. Most of it are promises. But if you are making money, I know I do, then nothing is wrong with them.

I heard Ethereum guys have announced to dump their BTC collection resulting in a price drop. Any idea regarding this ?

googlesearch

newbie

Activity: 19

Merit: 0

Quote from: discodancer on August 11, 2014, 03:48:15 AM

Quote from: BitCoinDream on August 10, 2014, 01:25:40 PM

Quote from: discodancer on August 10, 2014, 11:50:42 AM

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

U got it right. When an ex GoldMan Sachs executive is backing them, u should not expect a petty alt coin scam from them. They'll do it intelligently Wink

...But anyway, the basic concept of Ether was awesome.

p.s. By the way, I like your user name. Are u a fan of Bappi Lahiri ? Tongue

Well it is really petty when you think about it. Its just that people are not reading the big fonts. T&C 20 clearly says:

Quote

"20 All Purchases of Ether Are Non-Refundable

ALL PURCHASES OF ETH ARE FINAL. PURCHASES OF ETH ARE NON-REFUNDABLE. BY
PURCHASING ETH, THE PURCHASER ACKNOWLEDGES THAT NEITHER ETHSUISSE NOR ANY OTHER
OF THE ETHSUISSE PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT
THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY ETH THAT IS
NOT USED AS CRYPTOFUEL OR REMAINS UNUSED."

and section 19 lists out the risk. While some of them are given like exchange risks, cheap forks, lower adoption, regulation etc are acceptable. This is the one which people should really think about:

Quote

"19.9 Risk that the Ethereum Platform May Never be Completed or Released

Purchaser understands, that while the Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released and
there may never be an operational Ethereum Platform."

Virtually they are saying we are free to spend your money, because of the marketing blitz they did. Only in crypto world such stupidity can go without being scrutinized in detail.

PS: I am a fan of Mithun da Wink

I do not buy it .

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: BitCoinDream on August 12, 2014, 05:10:38 AM

Quote from: discodancer on August 12, 2014, 04:12:21 AM

Quote from: BitCoinDream on August 11, 2014, 01:28:49 PM

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? Tongue

People should get into T&C otherwise they cry later. Even the ICOs on bitcointalk turn shitty like that.

Ps2: I am from the 80s. Disco Dancer - Mithun da's path breaking movie came out in 1982. but I am more fan of his 90s works like Shapath and Raavan etc Wink

What's wrong with the BitcoinTalk ICO ?

For one they are illegal in most of the jurisdictions (thats where you have to tip the hat to ethereum -- wonder why they are based out of switzerland? Wink

). and they don't really have any legally binding T&Cs. Most of it are promises. But if you are making money, I know I do, then nothing is wrong with them.

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: discodancer on August 12, 2014, 04:12:21 AM

Quote from: BitCoinDream on August 11, 2014, 01:28:49 PM

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? Tongue

People should get into T&C otherwise they cry later. Even the ICOs on bitcointalk turn shitty like that.

Ps2: I am from the 80s. Disco Dancer - Mithun da's path breaking movie came out in 1982. but I am more fan of his 90s works like Shapath and Raavan etc Wink

What's wrong with the BitcoinTalk ICO ?

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: BitCoinDream on August 11, 2014, 01:28:49 PM

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? Tongue

People should get into T&C otherwise they cry later. Even the ICOs on bitcointalk turn shitty like that.

Ps2: I am from the 80s. Disco Dancer - Mithun da's path breaking movie came out in 1982. but I am more fan of his 90s works like Shapath and Raavan etc Wink

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: discodancer on August 11, 2014, 03:48:15 AM

Quote from: BitCoinDream on August 10, 2014, 01:25:40 PM

Quote from: discodancer on August 10, 2014, 11:50:42 AM

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

U got it right. When an ex GoldMan Sachs executive is backing them, u should not expect a petty alt coin scam from them. They'll do it intelligently Wink

...But anyway, the basic concept of Ether was awesome.

p.s. By the way, I like your user name. Are u a fan of Bappi Lahiri ? Tongue

Well it is really petty when you think about it. Its just that people are not reading the big fonts. T&C 20 clearly says:

Quote

"20 All Purchases of Ether Are Non-Refundable

ALL PURCHASES OF ETH ARE FINAL. PURCHASES OF ETH ARE NON-REFUNDABLE. BY
PURCHASING ETH, THE PURCHASER ACKNOWLEDGES THAT NEITHER ETHSUISSE NOR ANY OTHER
OF THE ETHSUISSE PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT
THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY ETH THAT IS
NOT USED AS CRYPTOFUEL OR REMAINS UNUSED."

and section 19 lists out the risk. While some of them are given like exchange risks, cheap forks, lower adoption, regulation etc are acceptable. This is the one which people should really think about:

Quote

"19.9 Risk that the Ethereum Platform May Never be Completed or Released

Purchaser understands, that while the Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released and
there may never be an operational Ethereum Platform."

Virtually they are saying we are free to spend your money, because of the marketing blitz they did. Only in crypto world such stupidity can go without being scrutinized in detail.

PS: I am a fan of Mithun da Wink

People really dont get into the T&C and companies take advantage of that.

p.s. 1: Ethereum seems like a company, not a project.

p.s. 2: Mithun da !!! Are u from 70s ? Tongue

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: BitCoinDream on August 10, 2014, 01:25:40 PM

Quote from: discodancer on August 10, 2014, 11:50:42 AM

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

U got it right. When an ex GoldMan Sachs executive is backing them, u should not expect a petty alt coin scam from them. They'll do it intelligently Wink

...But anyway, the basic concept of Ether was awesome.

p.s. By the way, I like your user name. Are u a fan of Bappi Lahiri ? Tongue

Well it is really petty when you think about it. Its just that people are not reading the big fonts. T&C 20 clearly says:

Quote

"20 All Purchases of Ether Are Non-Refundable

ALL PURCHASES OF ETH ARE FINAL. PURCHASES OF ETH ARE NON-REFUNDABLE. BY
PURCHASING ETH, THE PURCHASER ACKNOWLEDGES THAT NEITHER ETHSUISSE NOR ANY OTHER
OF THE ETHSUISSE PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT
THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY ETH THAT IS
NOT USED AS CRYPTOFUEL OR REMAINS UNUSED."

and section 19 lists out the risk. While some of them are given like exchange risks, cheap forks, lower adoption, regulation etc are acceptable. This is the one which people should really think about:

Quote

"19.9 Risk that the Ethereum Platform May Never be Completed or Released

Purchaser understands, that while the Ethereum Team will make reasonable efforts to complete the Ethereum
software, it is possible that an official completed version of the Ethereum Platform may not be released and
there may never be an operational Ethereum Platform."

Virtually they are saying we are free to spend your money, because of the marketing blitz they did. Only in crypto world such stupidity can go without being scrutinized in detail.

PS: I am a fan of Mithun da Wink

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: discodancer on August 10, 2014, 11:50:42 AM

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

Thats a big flag for me. The entire thing reeks of a lot of greed. The initial botched IPO and now this.
I don't doubt there will be some decent product at the least, but I doubt the investors will benefit much. The developers have covered their profits.

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: chronicsky on August 09, 2014, 11:57:44 AM

i wouldn't say stellar guyz ae doing it , with those big guys , when they know it's making good progress already , they wouldn't be doing it , and even if they are , it's still a lot to go
and Ether is 1880 per btc now , am not gonna buy any now , they are surely gonn drop on release , i don't think buying them now will be a good idea

You remember how they made money off Ripple? So if you can do it once, why not again? After all they don't have to do much.

Agree on Ether, price will drop after release so better to buy then if you do find merit in the project.

polynesia

legendary

Activity: 1358

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Quote from: discodancer on August 10, 2014, 11:50:42 AM

One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

They would say it is just a standard condition to CYA. Cheesy

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: discodancer on August 10, 2014, 11:50:42 AM

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

U got it right. When an ex GoldMan Sachs executive is backing them, u should not expect a petty alt coin scam from them. They'll do it intelligently Wink

...But anyway, the basic concept of Ether was awesome.

p.s. By the way, I like your user name. Are u a fan of Bappi Lahiri ? Tongue

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

I don't like ethereum going ahead with the ICO while they are yet to finalise their most basic operation - PoW. With that not out, how can one even trust them with their money. Add to it the fact that the ICO will form majority of the coins in circulation for a year or two - it is just bad. Though I don't think there will be a cheap fork.
One of the best conditions in the ICO are - They are not obliged to return the money if they fail to deliver. Yep! so basically a crowdfunding without a commitment. Hell even btctalk's scam ICO's are better than that.

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: Fernandez on August 09, 2014, 07:55:18 AM

Quote from: Divinespark on August 07, 2014, 01:28:28 AM

I like the look of Stellar better, esp the folks backing it
Trouble with Ether is you are essentially backing a genius hacker (Buterin) barely out of his teens

Stellar is just a fork where they are attempting yet another massive lock-up of funds. Release a few for free, hype it up and then they slowly sell their stock. Its also centralized with a few in control of the nodes. I don't see how Stellar is any good.

Same for Ether. They are even pre-selling. I smell BFL.

chronicsky

legendary

Activity: 2828

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Just looking for peace

i wouldn't say stellar guyz ae doing it , with those big guys , when they know it's making good progress already , they wouldn't be doing it , and even if they are , it's still a lot to go
and Ether is 1880 per btc now , am not gonna buy any now , they are surely gonn drop on release , i don't think buying them now will be a good idea

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: Divinespark on August 07, 2014, 01:28:28 AM

I like the look of Stellar better, esp the folks backing it
Trouble with Ether is you are essentially backing a genius hacker (Buterin) barely out of his teens

Stellar is just a fork where they are attempting yet another massive lock-up of funds. Release a few for free, hype it up and then they slowly sell their stock. Its also centralized with a few in control of the nodes. I don't see how Stellar is any good.

Divinespark

hero member

Activity: 938

Merit: 501

I like the look of Stellar better, esp the folks backing it
Trouble with Ether is you are essentially backing a genius hacker (Buterin) barely out of his teens

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: Fernandez on August 04, 2014, 10:03:48 PM

Quote from: BitCoinDream on August 04, 2014, 06:12:45 AM

Quote from: Fernandez on August 04, 2014, 05:49:33 AM

How much have they raised by now? I wonder how much do the developers need to survive Grin

STORJ sounds good but I have to look into it properly. Maybe get a few.

Do u think Ether will be eclipsed by Stellar in coming days ?

Not at all. Stellar is riding the Ripple fork hype, but if you look into it theres nothing to show that it will be big.
Ether is hyped too, but there is big money in it now.

If I buy either it will be definitely later, not now.

I think Stellar is backed by big names too...

Quote from: vaisajne on August 04, 2014, 01:22:20 PM

Stellar has rallied big shots behind them.Keith Rabois,co-founder of PayPal, Stripe CEO Patrick Collison, YCombinator president Sam Altman, Mt. Gox creator Jed McCaleb, AngelList cofounder and CEO Naval Ravikant, cofounder of Dogecoin Jackson Palmer, and Matt Mullenweg, founder of WordPress, among others.

http://www.businessinsider.in/PayPals-Cofounder-Is-Supporting-A-New-Non-Profit-That-Will-Tackle-The-Vision-PayPal-Never-Accomplished/articleshow/39375145.cms

Fernandez

legendary

Activity: 1008

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Quote from: BitCoinDream on August 04, 2014, 06:12:45 AM

Quote from: Fernandez on August 04, 2014, 05:49:33 AM

How much have they raised by now? I wonder how much do the developers need to survive Grin

STORJ sounds good but I have to look into it properly. Maybe get a few.

Do u think Ether will be eclipsed by Stellar in coming days ?

Not at all. Stellar is riding the Ripple fork hype, but if you look into it theres nothing to show that it will be big.
Ether is hyped too, but there is big money in it now.

If I buy either it will be definitely later, not now.

BitCoinDream

legendary

Activity: 2366

Merit: 1204

The revolution will be digital

Quote from: Fernandez on August 04, 2014, 05:49:33 AM

How much have they raised by now? I wonder how much do the developers need to survive Grin

STORJ sounds good but I have to look into it properly. Maybe get a few.

Do u think Ether will be eclipsed by Stellar in coming days ?

Topic: Anyone buying Ether ? - page 3. (Read 10290 times)