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Topic: Vitalik writes Dear John letter to the Ethereum community... (Read 4850 times)

legendary
Activity: 1764
Merit: 1000
Quote
So what are we doing to actually make cryptocurrencies interesting to new people? So far everyone seems to insist we'll all be rich as soon as someone comes along and actually makes Bitcoin useful, very few people are actually trying to make it useful.

Quite frankly, I think the limited supply which forces early adopters to get rich if it's successful has created a crowd so aweful no one wants to deal with it.

Back on topic.  I followed Ethereum from the start and actually was able to recover some massive crypto losses that I should have never had in the market in a hail mary throw on the project.  I STILL find it interesting and they have done a better job on most fronts than any other 2.0 coin.  From marketing to people outside the crypto community to plotting out user friendly software (mining Ethereum is a dream compared to what litecoin ever was).  I'm interested / excited to see where the project goes.

But three massive failures.  Transparency.  Scope creep.  Distribution.  Tual left left when Vitalik payed out what he'd promised early adopters without consulting the foundation (and started a hissyfit publicly on reddit ... what kind of PR guy does that?)   Frankly I liked Charles much better - his original vision of Ethereum was what made it interesting to me.  If I'd seen it marketed as dApps in the beginning and then understood that marketing was on top of a virtual machine no more powerful than a smartphone for all users I would have rolled my eyes.  

This bringing a Chinese auto company with a 50mil angel fund for crypto 2.0 is no less than bizarre to me.  A bank or any number of institutions I could understand but I read the history of the company.  Maybe someone's rich kid who has an interest in crypto?=



ah, homeless now became millionaire. thanks to all the dumb morons out there for the support! lol
working hard for a few years by going around spreading nonsense hype craps(all this nonsense can be done with simple java) to all the bitcoin conventions, now became millionaire. not bad, work hard, travel hard paid off. easy to find niches and holes in this scam hype altcoin world.

just find a niche and hole, work hard a bit to creating hype then everyone can become a millionaire just like this person in this dumb scam and hype world. we all know all these coding with no adoption worthless crap is way to became rich! very very easy!
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK

Just have a look at the 'transparent accounting'.

We will have transparent accounting

Well if they would work really hard on the ETH project and would be very dedicated, then they would have settled with low salary and use the rest of the funds to promote ETH, or finance conferences.

Instead they just keep hyping the coin with useful idiots, while they funnel all the cash away in their pockets. It is so classical  Grin

I mean they dont hire rocket scientists that need huge salary to keep them loyal, these are just average programmers, thant dont need to be that greedy.
legendary
Activity: 1256
Merit: 1009
Quote
So what are we doing to actually make cryptocurrencies interesting to new people? So far everyone seems to insist we'll all be rich as soon as someone comes along and actually makes Bitcoin useful, very few people are actually trying to make it useful.

Quite frankly, I think the limited supply which forces early adopters to get rich if it's successful has created a crowd so aweful no one wants to deal with it.

Back on topic.  I followed Ethereum from the start and actually was able to recover some massive crypto losses that I should have never had in the market in a hail mary throw on the project.  I STILL find it interesting and they have done a better job on most fronts than any other 2.0 coin.  From marketing to people outside the crypto community to plotting out user friendly software (mining Ethereum is a dream compared to what litecoin ever was).  I'm interested / excited to see where the project goes.

But three massive failures.  Transparency.  Scope creep.  Distribution.  Tual left left when Vitalik payed out what he'd promised early adopters without consulting the foundation (and started a hissyfit publicly on reddit ... what kind of PR guy does that?)   Frankly I liked Charles much better - his original vision of Ethereum was what made it interesting to me.  If I'd seen it marketed as dApps in the beginning and then understood that marketing was on top of a virtual machine no more powerful than a smartphone for all users I would have rolled my eyes.  

This bringing a Chinese auto company with a 50mil angel fund for crypto 2.0 is no less than bizarre to me.  A bank or any number of institutions I could understand but I read the history of the company.  Maybe someone's rich kid who has an interest in crypto?=
sr. member
Activity: 252
Merit: 251
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...

Just have a look at the 'transparent accounting'.

We will have transparent accounting

a found it... thank you Wink
https://www.reddit.com/r/ethereum/comments/39ujsp/founder_salaries/

they REALLY deserve it NOT!
legendary
Activity: 2968
Merit: 1198
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...

Just have a look at the 'transparent accounting'.

We will have transparent accounting
sr. member
Activity: 252
Merit: 251
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...

Mistake #1: locating yourself in the world's most expensive country.

well swiss is only about 150km from here.. i know its not THAT expensive Wink
legendary
Activity: 2730
Merit: 1068
Juicin' crypto
buy some $WBB (using 1EX.Trade) with that CHF, the dev is based in switz, get in touch with him if you like!  Grin Cool
hero member
Activity: 560
Merit: 500
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...

Mistake #1: locating yourself in the world's most expensive country.
legendary
Activity: 2198
Merit: 1014
Franko is Freedom
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...

well they now have a renewed interest in transparency so, maybe they will let folks know.
sr. member
Activity: 252
Merit: 251
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.

what are they doing with 340,000 CHF MONTHLY?
that amount is insane...
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*

To fund their 340,000 CHF monthly budget for the next 12 months they will be massively selling ETH.
That is one way things are headed.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
So any speculations about ETH future?

Will they pull their exit scam soon? What will happen? I need answers *grab popcorn*
member
Activity: 104
Merit: 10
because when Satoshi released the first btc client it was bug proof, security audited and ready for bank adoption and there was soon a crowd sale taking in millions using the currency.

as an aside some of you guys sound like you work on the local street corner asking for hand outs. which only says to me BTC and the rest need to stay depressed for at least another year just to wash you all out.

can't wait for the new blood to come in.

Pretty much this. Barely anyone cares about what is actually trying to be accomplished here. Not just in Ethereum, but the whole movement initiated by Satoshi. Anyone who thinks Vitalik, himself, is a scammer is just nuts in my opinion. Dude's boarder line idiot savant; I see people who really care about what Ethereum (or NXT or SUPERNET) is trying to accomplish would be right by investing in it. Just me, but I don't see what joy some of you take in saying "HAHA SCAM, HAHA".

Guess what? The majority of the aforementioned don't contribute a baker's fuck to crypto. At all.

And they know it. Keep up the good work guys!

Most people are here because they want to "get munny nd talk shjit"

I for one welcome the depressed prices, gives me more time to spread my porfolio - even to precious metals such as Gold. In a way, I guess I'll have to thank them all, later, of course.
tss
hero member
Activity: 742
Merit: 500
all this time.. all these promises of innovation.   all this money.  still you have nothing to date to show for it but hype of the evolution, innovation and revolution coming from etherium.  give this coin to bob the builder and you will have a launched project in 3 months.  but i guess its a long con not a short one with this one. 
hero member
Activity: 912
Merit: 1021
If you don’t believe, why are you here?
because when Satoshi released the first btc client it was bug proof, security audited and ready for bank adoption and there was soon a crowd sale taking in millions using the currency.

as an aside some of you guys sound like you work on the local street corner asking for hand outs. which only says to me BTC and the rest need to stay depressed for at least another year just to wash you all out.

can't wait for the new blood to come in.

Pretty much this. Barely anyone cares about what is actually trying to be accomplished here. Not just in Ethereum, but the whole movement initiated by Satoshi. Anyone who thinks Vitalik, himself, is a scammer is just nuts in my opinion. Dude's boarder line idiot savant; I see people who really care about what Ethereum (or NXT or SUPERNET) is trying to accomplish would be right by investing in it. Just me, but I don't see what joy some of you take in saying "HAHA SCAM, HAHA".

Guess what? The majority of the aforementioned don't contribute a baker's fuck to crypto. At all.

And they know it. Keep up the good work guys!
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.
full member
Activity: 236
Merit: 100
I hate to say I told yall so, but.....

This one was so easy to spot. Let me give another hint.

Goldmansachs was involved and they are crooks.


Goldmansachs was involved and they are crooks.


Goldmansachs was involved and they are crooks.


Goldmansachs was involved and they are crooks.

Goldmansachs was involved and they are crooks.
hero member
Activity: 826
Merit: 1000
He's very clear about the situation. Basically he's saying "We scammed you, now go find other developers who want to scam you more."
Only if you have more money though. Smiley
What a smart guy, he became rich before he legally go to concerts, clubs and even buy alcohol. Cheesy
full member
Activity: 199
Merit: 110

can't wait for the new blood to come in.

So what are we doing to actually make cryptocurrencies interesting to new people? So far everyone seems to insist we'll all be rich as soon as someone comes along and actually makes Bitcoin useful, very few people are actually trying to make it useful.
member
Activity: 70
Merit: 10
because when Satoshi released the first btc client it was bug proof, security audited and ready for bank adoption and there was soon a crowd sale taking in millions using the currency.

as an aside some of you guys sound like you work on the local street corner asking for hand outs. which only says to me BTC and the rest need to stay depressed for at least another year just to wash you all out.

can't wait for the new blood to come in.

People have been waiting for new blood for a couple years now. Currently its the same folks selling the same shit back and forth to each other.
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