Topic: **** Official Ethereum QA thread **** - page 9. (Read 34540 times)
So if I invest 1 BTC and get my 2,000 or so Ether, what happens when people start mining? Is some dude with a jacked up rig going to be able to mine 10,000,000 Ether in the first couple hours? How is this being handled so that my investment is actually worth something?
If I invest 100 btc what could I expect?
I have an ethical question which I do not want to post in public - who do I contact with this issue?
Quote
Before the Accredited Investor issue comes in to play, there has to be a determination if they are considered securities. If they aren't securities then it's irrelevant.
Seems like you're on to something
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
Which crypto law would Ethereum be breaking that the other 300 or so crypto offerings didn't?
IMO, this is the biggest hindrance in all of the IPO in crypto:
http://www.sec.gov/answers/accred.htm
Before the Accredited Investor issue comes in to play, there has to be a determination if they are considered securities. If they aren't securities then it's irrelevant.
What happened to the original "Ethereum Welcome to the Future" thread?
Did you delete it?
Still up and not lockedDid you delete it?
https://bitcointalksearch.org/topic/ann-ethereum-welcome-to-the-beginning-428589
From : http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/
Question : "What is the most common misconception/myth about the ethereum project that you've seen so far?"
I thought that was the case. So can you explain basically what is the purpose of Ethereum?
Question : "What is the most common misconception/myth about the ethereum project that you've seen so far?"
Quote from: 'Vitalik'
1. Ethereum is not your personal decentralized Amazon EC2 instance. You will not be able to run anything on top of Ethereum that you cannot run on a smartphone from 1999.
2. The inflation rate is 0.4x the amount released in the presale per year, not 40% per year. That is, we'll have 1.5x after 0 years, 1.9x after 1 year, 2.3x after 2 years ... 401.5x after 1000 years, 401.9x after 1001 years, etc.
3. We are not affiliated with Goldman Sachs, or any other particularly nefarious organization. We just have 2 members on our team (not the core team) who used to work for GS. Ethereum is 100% certified NWO-free (although I suppose once the pre-sale starts NWO will be free to buy in just like everyone else).
2. The inflation rate is 0.4x the amount released in the presale per year, not 40% per year. That is, we'll have 1.5x after 0 years, 1.9x after 1 year, 2.3x after 2 years ... 401.5x after 1000 years, 401.9x after 1001 years, etc.
3. We are not affiliated with Goldman Sachs, or any other particularly nefarious organization. We just have 2 members on our team (not the core team) who used to work for GS. Ethereum is 100% certified NWO-free (although I suppose once the pre-sale starts NWO will be free to buy in just like everyone else).
I thought that was the case. So can you explain basically what is the purpose of Ethereum?
What happened to the original "Ethereum Welcome to the Future" thread?
Did you delete it?
more likely locked it Did you delete it?
but if they did delete it... that was stupid
What happened to the original "Ethereum Welcome to the Future" thread?
Did you delete it?
Did you delete it?
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
Which crypto law would Ethereum be breaking that the other 300 or so crypto offerings didn't?
IMO, this is the biggest hindrance in all of the IPO in crypto:
http://www.sec.gov/answers/accred.htm
No fighting between each other please 
In other news, we're doing an AMA - right now
http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/
In other news, we're doing an AMA - right now
http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/
Apologize, I'll keep it civil. Thanks for posting AMA
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
well no, its open source so there are plenty of people to maintain the code if its worth doing.
And you can jurisdiction shop to set up etherium in as well, e.g. Singapore or Denmark would be good.
There is no reason to be in the US , and every reason not to be.
FWIW, they are planning on setting up in Switzerland, however a number of the "core" team, including Charles, live in the U.S. (And may not want to become expatriates.)
Ursium, that was a fantastic AMA! Thank you for setting it up. I sent you a PM a few days ago, when you have a chance could you get back to me? Thanks a bunch!
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
well no, its open source so there are plenty of people to maintain the code if its worth doing.
And you can jurisdiction shop to set up etherium in as well, e.g. Singapore or Denmark would be good.
There is no reason to be in the US , and every reason not to be.
No fighting between each other please
In other news, we're doing an AMA - right now
http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/
In other news, we're doing an AMA - right now
http://www.reddit.com/r/IAmA/comments/1xb5rj/hi_were_the_ethereum_founding_team_ask_us_anything/
But that is one in the same ... it's really a turn-off for investors when you're asking money from them and then immediately diluting their shares with the premine.
I don't see why so many people think of it that way. When you're getting VC funding for a startup, it's common practice to hand out something like 10-20% in the first round. Nobody ever thinks of that as some kind of evil plot where you sell the company and then pull the rug out from under the hapless venture capitalists and dilute them 80-90%; people think of it as, well, you creating X shares and only handling out 0.1X-0.2X to the VCs. It's the same here; we're taking preorders for 67% of the initial issuance instead of 100% of the initial issuance.
What a naive thing to say. Do you think VC's are spending their own money when investing? They have zero risk when investing other than a diminished return.. We are talking about spending our hard earned cash on this project, not spending other people's money. Don't compare the community here to VC investing, such bullshit.
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
Which crypto law would Ethereum be breaking that the other 300 or so crypto offerings didn't?
You know, I just don't understand this sentiment.
Ok. Never mind.
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes.
IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law.
Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure.
But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people...
Quote
it could be an etheirum fork would set fees lower......
I still think there is some confusion about fees here. Fees do not go to ether holders nor the project developers. The fee structure has no impact on who owns what.
my understanding of fee in this context is the fee goes to the execution of eth code, I don't think I am confused on that point so the question stands
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