Topic: is ethereum actually going to launch on the 20th and in what condition? - page 2. (Read 3109 times)

Who knows if they will produce anything?


Why do anything for 5 million bucks when you told everyone upfront nothing may be produced? I cannot believe people bought into this.

The reality is you don't know unless you get to play with the GUI yourself.  That could just be a mockup and yes mockups can be interactive.  Quite probable that Ethereum is systemic deceit and there's little that can be done about it.

I thougt they had a gui

http://www.youtube.com/watch?v=IgNjs_WaFSc

Any thoughts from someone who invested? Not me.

https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

Top 100 addresses control 45.7% of all Ether.  Addresses =/= people.  It is a common security practice to split your funds up amongst different addresses.  So it could be as few as 10 incredibly rich investors or representatives from a fund who didn't want to publicly associate with Ethereum (or banking managers from our beloved Goldman Sachs).  Last time a bunch of guys tried to create a rich mans' ponzi scheme (Pay Coin / Mastercoin) it didn't work out that well.  The thought process here is if I throw big bags of money at a coin that it will attract subsequent bags of money but it doesn't work that way in cryptos.  People who bought into high IPO projects of 2013-2014 made more money off things like NXT, Doge, et al.




 The alternative explanation, like Maidsafe, is that it may had involved laundered bitcoins from Mt Gox (perhaps Mark Karpeles is the biggest holder of Ethereum).

https://bitcointalksearch.org/topic/mtgox-stolen-bitcoins-moving-into-maidsafes-ipo-582731


but yes the economics as the investment aren't there.  There is no proof of concept with Ethereum and PoW is diluting the investments from those people.  Furthermore, with the exception of spamming articles that only get read by hundreds on obscure crypto news sites, the launch is supposedly only days off and yet their forum is a ghost town and their Reddit only has mild activity (their forum was dead months ago).


As for our teenager mascot Vitalik getting awards - they hand them out to every kid if you go to any sports' minor leagues.

That is the plan all along. Investors not able to sell and new hyped buyers pushing the price up.

Ethereum economics never made sense for investors. Smart marketing meant the developers got paid upfront, and they will cash out on the initial hype after launch.

This could be fun........imagine a shitload of Eth investors who've never seen a command line trying to cash out without a GUI.
We may need to buy popcorn.

But, is this really gonna happen ? I can almost hear the screams of 'unfair' already.

There is nothing wrong with a command line interface. It is a smart plan as most won't be able to get their balances to trade while the release will create the hype. This will cause a shortage in supply and boost price and let the developers cash out.

There will be no GUI during this launch, only a command line interface. The GUI will take time.

Any insight into how the gui may look, what features will be available and most importantly, in what condition will the network be in would be much appreciated if any one has a good understanding of this.