Topic: Ethereum IPO reboot coming, time to get nervous about the future of crypto - page 7. (Read 11856 times)
July 24, 2014, 09:22:22 AM
big IPO
July 24, 2014, 08:47:06 AM
Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.
Says who? There's no law requiring this. The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want.
July 24, 2014, 08:21:18 AM
The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense.
The blockchain has NOTHING to do with IPO being an extremely easy method of committing fraud and gaining an infinite amount of premine + profit at the same time.
Example:
1) I create a coin, protocol, whatever jibberish you want to call it called "etherealcrap".
2) I offer 50% of the coin as IPO
3) I create 10 separate BTC wallets and put 1 BTC in all of them and send it in to the IPO address.
4) Since there was a total of 20 BTC sent in for the IPO all together, and I was responsible for half of it, I get 1/2 of the IPO premine for free because all BTC I spent returns to me anyway.
5) Net profit for me is half of the premine + 10 BTC, and I spent nothing.
Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone. Everyone will be watching to make sure this is the case. If there is misappropriation of funds, action can be taken.
Like everyone else, you are rewarded with shares from the IPO for your BTC investment.
Nobody gets anything for free.
July 24, 2014, 06:46:20 AM
The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense.
The blockchain has NOTHING to do with IPO being an extremely easy method of committing fraud and gaining an infinite amount of premine + profit at the same time.
Example:
1) I create a coin, protocol, whatever jibberish you want to call it called "etherealcrap".
2) I offer 50% of the coin as IPO
3) I create 10 separate BTC wallets and put 1 BTC in all of them and send it in to the IPO address.
4) Since there was a total of 20 BTC sent in for the IPO all together, and I was responsible for half of it, I get 1/2 of the IPO premine for free because all BTC I spent returns to me anyway.
5) Net profit for me is half of the premine + 10 BTC, and I spent nothing.
July 24, 2014, 06:03:46 AM
So far it looks like the Ethereum pre-sale has raised 6300 BTC or nearly US$ 4 million - so there is every expectation that they will reach their $30 million target in the time-frame they set up.
If this happens it will become the largest ever Crypto-IPO and the Ethereum team will have their work cut out dealing with the influx of cash after striving for so long on very little.
Good luck to them for pulling off what is a very ambitious scheme - they have done their homework and attracted a lot of confidence that they can succeed.
We need these kind of initiatives in the crypto-world as they stabilize and strengthen the whole eco-system.
It is too easy to call these initiatives scams - I think there is far more at stake than that.
If this happens it will become the largest ever Crypto-IPO and the Ethereum team will have their work cut out dealing with the influx of cash after striving for so long on very little.
Good luck to them for pulling off what is a very ambitious scheme - they have done their homework and attracted a lot of confidence that they can succeed.
We need these kind of initiatives in the crypto-world as they stabilize and strengthen the whole eco-system.
It is too easy to call these initiatives scams - I think there is far more at stake than that.
July 24, 2014, 06:00:53 AM
The trouble with a huge IPO or pre-sale is the fact it's being conducted in a lawless wild west free market saturated with scammers and thieves.
and if that is not the no. 1 concern for people then your all brain damaged big time.
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
and Crypto-Excuses™ and verbal gymnastics run rampant just as Hitler did stuffing millions of Jews in a gas chamber !
Nothing changes.. BAD behavior.. justified.
crowd fund and angel invest my ass IPO douche bags !
and if that is not the no. 1 concern for people then your all brain damaged big time.
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
and Crypto-Excuses™ and verbal gymnastics run rampant just as Hitler did stuffing millions of Jews in a gas chamber !
Nothing changes.. BAD behavior.. justified.
crowd fund and angel invest my ass IPO douche bags !
The blockchain is the most efficient and transparent regulator in the world. It is regulating this crowdsale. If there's any impropriety we'll all know. Your post is nonsense.
July 24, 2014, 05:01:12 AM
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
A fool and his bitcoin are soon parted... this is how I see it.
Keeps happening regularly, you can see by the number people crying after all those IPOs. Even for legitimate IPOs they don't do a proper research. Like the Maidsafe one it was clear it was a form of cashing out of Mastercoin holders, but yet they all flocked to pour their Bitcoins in.
July 24, 2014, 04:30:25 AM
Not exactly
You are missing one point.
Gold already has a market and demand for it (it exists, its proven, and everyone on the earth wants it). Gold has value today and will have tomorrow.
On other hand they created (wait... they want to create) something that MAYBE will have a value. See the difference?
First they need to deliver the product, second they need to make you, me and everyone else to have a desire to buy more and more ethers..
Another thing, presale or IPO are usually used to make some money that will help "company" or project grow.
In their case it is not capped(!) they are ready to take as much as we can give them, even if they dont need it....
Another aspect to consider - presale or IPO usually(!) benefit those who risk their money before everyone else with reward for the risk they take. Here, again, it is questionable, are you sure that next year there will be enough demand to reward risk of your investment today?
You are missing one point.
Gold already has a market and demand for it (it exists, its proven, and everyone on the earth wants it). Gold has value today and will have tomorrow.
On other hand they created (wait... they want to create) something that MAYBE will have a value. See the difference?
First they need to deliver the product, second they need to make you, me and everyone else to have a desire to buy more and more ethers..
Another thing, presale or IPO are usually used to make some money that will help "company" or project grow.
In their case it is not capped(!) they are ready to take as much as we can give them, even if they dont need it....
Another aspect to consider - presale or IPO usually(!) benefit those who risk their money before everyone else with reward for the risk they take. Here, again, it is questionable, are you sure that next year there will be enough demand to reward risk of your investment today?
here is my post from another topic:
Ethereum is out now.
I wanted to "invest", the idea is good... but now, after I learned more...
I just looked at their website they already "raised" about 3000 bitcoins... The odd thing is from what I learned is that there is no cap on number of coins and the future coins coming to the market just a percentage of "presale", which makes me think of a very strange strategy...
as many people invest the less value of each coin will have...
Their prelaunch is actually will dictate next years number of coins, so if there will be 1.000.000 coins mined next year or 300.000.000 coins is simply dictated by their prelaunch... And such a difference in number of next year(s) mined coins will have an impact on coins value for sure... Apparently, more people invest in ethereum the lower value of each coin will have... What the hell??
It appears they settled on the fixed percentages a long time ago. the difference in 1 million coins released an 100,000 coins mined the following year is the same as 1 coin released and .1 mined the following. your saying the more people want to buy gold the lower its price? its interesting concept. I dont see how more excitement and a large ipo could ever lead to a lower price in the future. if it fails horribly the price would be low anyways Ethereum is out now.
I wanted to "invest", the idea is good... but now, after I learned more...
I just looked at their website they already "raised" about 3000 bitcoins... The odd thing is from what I learned is that there is no cap on number of coins and the future coins coming to the market just a percentage of "presale", which makes me think of a very strange strategy...
as many people invest the less value of each coin will have...
Their prelaunch is actually will dictate next years number of coins, so if there will be 1.000.000 coins mined next year or 300.000.000 coins is simply dictated by their prelaunch... And such a difference in number of next year(s) mined coins will have an impact on coins value for sure... Apparently, more people invest in ethereum the lower value of each coin will have... What the hell??
July 24, 2014, 03:04:30 AM
Stop bitching and moaning. Don't like idea? stay away... Like the idea and want to support the development? help...
It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
People are simply exchanging their thoughts which is perfectly normal and beneficial for everybody as one cannot digest all the variety of possibilities on his own. Sharing of ideas will help many people to make objective decisions. Don't like the idea? Stay away.
July 23, 2014, 07:00:52 PM
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
Preach it, bro.
When I saw the "founders" list and actually know some people on it...
It is loaded with people that bought the "founder" title by investing $100K or whatever...
People with close to zero technical skills, but with $$$.
This is all designed to FLIP to greedy MOOKS... and make 1000%...
Selling unregistered securities in this manner to the public is TOTALLY ILLEGAL in North America.
Yeah it's a ponzi scheme ran by a few wealthy investors, your point?
eMunie came before Ethereum and IIRC they were able to get like $1 million pre-IPO from a bunch of suckers. We don't know how much pre-IPO was invested into Ethereum but I assume it's millions. The current IPO is likely just pre-IPO investors transferring their funds over in internal buying.
July 23, 2014, 06:56:55 PM
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
A fool and his bitcoin are soon parted... this is how I see it.
July 23, 2014, 06:43:43 PM
Stop bitching and moaning. Don't like idea? stay away... Like the idea and want to support the development? help...
It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
It is as simple as that. We're all grown ups here (I suppose?) to know where you can put your money and what you can afford to lose...
I'm giving away some btc and don't give a f*ck if I lose them... this is how I see it.
July 23, 2014, 02:08:09 PM
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
Preach it, bro.
When I saw the "founders" list and actually know some people on it...
It is loaded with people that bought the "founder" title by investing $100K or whatever...
People with close to zero technical skills, but with $$$.
This is all designed to FLIP to greedy MOOKS... and make 1000%...
Selling unregistered securities in this manner to the public is TOTALLY ILLEGAL in North America.
July 23, 2014, 01:26:39 PM
I'm actually on the fence with this one. I was thinking about buying 200 ether for 0.1 BTC, but I've already girded myself to see it as a spend. Not an "investment," a spend - just like I'd spend $60-$70 for a gadget on eBay. The value I'd get from it, like a gadget, would come with what use I could squeeze out of it.
That's why I was thinking of throwing 0.1 BTC into the pre-sale. Just so I'd have 200 to play around with once the Etherium system is up and running next year.
But part of me says I should be buying more NFD...that's a price of being a dev. Investing for essentially reputational reasons.
That's why I was thinking of throwing 0.1 BTC into the pre-sale. Just so I'd have 200 to play around with once the Etherium system is up and running next year.
But part of me says I should be buying more NFD...that's a price of being a dev. Investing for essentially reputational reasons.
July 23, 2014, 01:00:32 PM
Biggest scam in Human History.
in altcoin histroy maybe. far from biggest scam in human history though
July 23, 2014, 12:57:53 PM
The trouble with a huge IPO or pre-sale is the fact it's being conducted in a lawless wild west free market saturated with scammers and thieves.
and if that is not the no. 1 concern for people then your all brain damaged big time.
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
and Crypto-Excuses™ and verbal gymnastics run rampant just as Hitler did stuffing millions of Jews in a gas chamber !
Nothing changes.. BAD behavior.. justified.
crowd fund and angel invest my ass IPO douche bags !
and if that is not the no. 1 concern for people then your all brain damaged big time.
this isn't the New York Stock exchange with regulators and laws and protection mechanisms in place..
instead we're in a scene we're your free to pull any kind of scam you want and it's even encouraged !
..just so long as *some of the participants make *some money then ANYTHING is fair game.
this is wrong .
and Crypto-Excuses™ and verbal gymnastics run rampant just as Hitler did stuffing millions of Jews in a gas chamber !
Nothing changes.. BAD behavior.. justified.
crowd fund and angel invest my ass IPO douche bags !
July 23, 2014, 12:49:34 PM
here is my post from another topic:
Ethereum is out now.
I wanted to "invest", the idea is good... but now, after I learned more...
I just looked at their website they already "raised" about 3000 bitcoins... The odd thing is from what I learned is that there is no cap on number of coins and the future coins coming to the market just a percentage of "presale", which makes me think of a very strange strategy...
as many people invest the less value of each coin will have...
Their prelaunch is actually will dictate next years number of coins, so if there will be 1.000.000 coins mined next year or 300.000.000 coins is simply dictated by their prelaunch... And such a difference in number of next year(s) mined coins will have an impact on coins value for sure... Apparently, more people invest in ethereum the lower value of each coin will have... What the hell??
It appears they settled on the fixed percentages a long time ago. the difference in 1 million coins released an 100,000 coins mined the following year is the same as 1 coin released and .1 mined the following. your saying the more people want to buy gold the lower its price? its interesting concept. I dont see how more excitement and a large ipo could ever lead to a lower price in the future. if it fails horribly the price would be low anyways Ethereum is out now.
I wanted to "invest", the idea is good... but now, after I learned more...
I just looked at their website they already "raised" about 3000 bitcoins... The odd thing is from what I learned is that there is no cap on number of coins and the future coins coming to the market just a percentage of "presale", which makes me think of a very strange strategy...
as many people invest the less value of each coin will have...
Their prelaunch is actually will dictate next years number of coins, so if there will be 1.000.000 coins mined next year or 300.000.000 coins is simply dictated by their prelaunch... And such a difference in number of next year(s) mined coins will have an impact on coins value for sure... Apparently, more people invest in ethereum the lower value of each coin will have... What the hell??
Well...he has his point. The trouble with a huge IPO or pre-sale is that it brings demand forward in time, from the future to the present.
It's similar to the paradox of contrarianism: investments are most risky, bear-market wise, when a large majority is bullish on it. Here's what resolves the paradox [a resolution that some might well peg as yet another intervention from Captain Obvious
]: people, preponderantly, are bullish about assets they've already bought. If almost everyone is bullish, and the aforementioned is the primary reason, who's left to buy? Where's the future demand that will put the price up?In the case of Etherium, they've snagged a huge amount of demand already - leaving the question, who's left to support the price once it trades?
Case in point: Maidsafe.
July 23, 2014, 11:22:11 AM
What a ridiculous post. Surely the more people working on it the more decentralised and open source it is?
July 23, 2014, 10:52:20 AM
Biggest scam in Human History.
July 23, 2014, 10:06:46 AM
Does anyone remember what was the ratio of ether to BTC in the failed IPO.
Now it is 2 000 ether for 1 BTC.
Just curious
Now it is 2 000 ether for 1 BTC.
Just curious
10 000 (before jan. 18) and 1000 (jan25).
I'm astonished people are worried about this.
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