Topic: Ethereum IPO reboot coming, time to get nervous about the future of crypto - page 8. (Read 11863 times)

Wow and now its only 2k per BTC, I wonder how they arrived at this new ratio.

10 000 (before jan. 18) and 1000 (jan25).

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

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 

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??

Old post with now relevant topic

I watched the video and they said "Turing Complete" 3 times in seven minutes...

My intuition tells me that this is a corporate+geek pre-mine IPO scam...

Buterin knows his tech stuff, but he's in over his head: the blockchain is not that cool of an innovation.

This planned grand architecture will do roughly what GNU Hurd has done - NADA.

why get small money from getting a handful of cryptophiles to pay for your idea, when you can get mega-millions from wall street venture capitalists to pay for your idea

seems legit

Yeah, part of me says the size and scope of Etherium could spell trouble for crypto in the U.S., but another part of me says I better invest some money before this shit goes mainstream. 

You can always issue at different country. With inter nationality and flexibility of altcoins it is easy to work and execute projects from all over the world. Not to mention, base on name, this project is already multicultural so I guess it shouldn't be a problem. State regulations are problem that most of initiatives encounter at some point. And to be honest, especially when it comes to common law country like USA, it is best to just stay away.

Interesting take, thank you.

First thing you notice when looking at the Ethereum website now, is that the team has ballooned to the size of a small town.  I was expecting to see 2-8 guys working on this thing max.  When you're dealing with this massive number of people, it's obviously no longer an open source p2p currency project, but an actual corporation looking to make mega bucks.  Yes, I understand the product may have some innovations (which Counterparty, NXT, and others are also doing similar things), but this is kind of an insult to the Satoshi legacy turning his original invention into a giant, corporate money grab.

I'm not really sure what their current funding plan is, but the previous one seemed to involve an IPO for enormous, windfall profits, combined with an enormous developer share to go along with that.  They probably would have made hundreds of thousands of dollars, while also controlling something like 10-25% of the equity/money supply as posted in the following thread:

http://forum.ethereum.org/discussion/11/founders-and-issuance


Now it seems like they're running into legal issues and may have to cancel IPO release for the United States.  All it takes is one look at Buterin to tell the guy was too young to know what the hell he was getting into.  He could have kept this thing with 2-8 people, issued themselves reasonable, time released equity shares, as proof of concept for how their invention is supposed to work, and just be done with it.  Now this thing is an out of control bus headed straight into the SEC + the front page of Hazaard's scam warning section.