Topic: Is there any real difference in Vitalik of Ethereum and Bobsurplus of crapcoin? - page 3. (Read 5926 times)

http://www.ibtimes.co.uk/vitalik-buterin-theorises-about-monetising-ethereum-browser-price-bitcoin-education-china-1522075

A company having absolute transparent bookkeeping is a chimera. Even if it manages to emerge it will soon disappear pushed out of the market by competitors keeping their secrets.

Where is it?  Who's the accountant?

That can't be, there was transparent accounting right?

The people at the top should be the last ones to get a large part of the moneyuntil the project is proven a success. Anyway, after doing some research and asking around about Ethereum, it would seem they hurried to get the 'frontier' release before their foundation's money ran out and before that got leaked to the public.  So they timed it while the hype was still very much alive.  

And some people close to the project (aka the insiders) who bought large allocations of ETH during the presale got first word on what's really up and got to dump first on the clueless buyers expecting Ethereum to be the holy grail of crypto.

So yeah, that's the story I got.

From Reddit :

"The highest salary is $190,000, followed by $180,000, followed by something in the 150s (I personally am not even in the top 3; mine is 137k CHF/year). For refrence, Gavin Andresen's salary was ~$210,000 when he was working for the Bitcoin Foundation; it got published somewhere and I have a link in an old post on reddit. The people who earn the most per hour are probably our external security auditing partners that make $300/h."

Vitalik, do you think it makes sense that you make 150k usd a year?

Others in the foundation (ie. the ones who actually decided these salary numbers) offered me $185k at one point; I declined. Are those numbers reasonable? I'll admit I'm not qualified to judge, though I find the arguments that were raised both internally and in comments on this thread that others in similar positions earn as much or more reasonable. No idea about Brian Armstrong, but the only two high-level crypto industry salaries we have that got leaked are Gavin Andresen at $208k and Changpeng Zhao at $240k so we're clearly not too far off (Note that all this may be a tu quoque fallacy, but then the whole concept of "paying X percent below market rates" is tu quoque all the way down in any case).

  ...

Errr.. I've changed my mind. Vitalik and his crew are greedy bastards.. 

He's talking about those numbers as if they had one less zero.

I just think, and this is my opinion, that Ethereum is a big fucking scam.

Similar to Paycoin, etc...

There are too many coins here that promise you the stars and in reality only give your donkey shit. Ethereum is one of them.

The turing language is bullshit, they dont even have a wallet 

If enough people had faith in the project there would be enough liquidity that even the biggest holders could sell out and the price would keep chugging along as normal.

Unfortunately in crypto people take big dumps as a sign to get out now.

Vitalik was involved with mastercoin at the beggining even if in an advisory role. He saw the $ potential and went for it.


I watched mastercoin ipo from the beggining. After they raised all their money and put crypto ico on the map all these people started leeching onto the project. If you saw their original webpage they had alot of people all looking to feed off the trough of investor money. Well that money dried up real quick and in the same manner as etherium, and several leeches dissapeared after drinking as much as they could. Some even moved to etherium when vitalik like the pied piper led them away to an even bigger trough with bigger promises.

Its a pitty. Chaulk this one up to, too many cooks in the kitchen and too many hands in the pot!

 

You mean they have no conscience!

At least Vitalick gives a timeline for community takeover. Most give no warning and disappear with the moolah leaving the community to pick of the pieces. It does put Eth one rung up from most community takeovers.

If that's any consolation.

alot of these people have great intentions and some good ideas.  unfortunately when they get the money in their accounts some or most of them decide to spend it on nice shiny things rather than coding.   eth had some great promises but i surely would have thought by now they would have something to show for it rather than say... ooopps we ran out of money, heres some bullshit code, its up to the community now to work for free to make it happen.

just remember there is more to crypto than its price...

It's quite alright mate. I'm going to assume you arn't aware of all of the evil Goldmansachs has caused.

The moon is made of blood.

Goldmansachs business is in killing, fraud, scams, extortion, and misery

& Business is good.



http://www.thecommonsenseshow.com/2013/09/19/the-worlds-most-evil-corporation-issues-a-dire-warning/



http://www.slate.com/blogs/moneybox/2013/07/21/goldman_sachs_commodities_scam_how_does_it_work.html



http://www.huffingtonpost.com/2010/04/16/goldman-sachs-fraud-expla_n_540938.html

Sorry you feel and evaluate the relationships in life in that way. We are talking about business and moon here.

no diff at all. they use same strategy to get ya money. you buy - they sell. all u ve to know is how to ride on these waves man

Stockholm syndrome, or capture-bonding, is a psychological phenomenon in which hostages express empathy and sympathy and have positive feelings toward their captors, sometimes to the point of defending and identifying with the captors.

I really hope that Ether can have Goldman Sachs (or any big banks and companies) on board with them. Isn't it what every coin hoping to have?

And you should be hurry. Otherwise they will build their own chains - http://www.coindesk.com/citi-hsbc-partner-with-r3cev-as-blockchain-project-adds-13-banks/

Difference is Vitalik got into bed with Goldmansachs the vampire squid enemy of humanity.


Vs
Bob who wishes he could get into bed with Goldmansachs

First, I am far from thinking that Ethereum is in REAL trouble.

I hope Vitalik pulls through, and can look back at this all and laugh someday.

..

Next, I think the question boils down to whether the final outcome is all that matters when branding someone a scammer ?

Obviously Vitalik and Bob are completely different people. Everyone is.

But thinking that someone is 'well meaning' is very subjective.

I too think Vit sounds like a nice guy uber-nerd. Don't know him. Can't really say.

But IF at the end of the day, 2 similar situations both result in investor money going AWOL, no matter the reason, are they not in some way in the same boat ?

I would say that NEITHER is a scammer.

If you put money into a scheme, it's your call, and no one else's.

If you want to blame someone, look in the mirror.

Luckily 'experientia docet'