Topic: well, ether sale has started. - page 3. (Read 9068 times)

Quote from: Baitty on July 23, 2014, 09:40:28 AM

Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.

Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT.

It does seem rather arbitrary, yes.

Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.

So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.

For a company with no product. Just promises.

Does that sound like a worthy risk/reward ratio? That's up to you.

I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin.

It's not an alt-coin. If you think of it as that, then i'm not sure if you fully understand what it is.

https://www.youtube.com/watch?v=GJGIeSCgskc

No one fully understands it.

slaveforanunnak1

hero member

Activity: 743

Merit: 502

Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.

Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT.

It does seem rather arbitrary, yes.

Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.

So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.

For a company with no product. Just promises.

Does that sound like a worthy risk/reward ratio? That's up to you.

I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin.

It's not an alt-coin. If you think of it as that, then i'm not sure if you fully understand what it is.

https://www.youtube.com/watch?v=GJGIeSCgskc

Mercator

newbie

Activity: 17

Merit: 0

The Ethereum team seem to have done their legal stuff right, and in so doing they have set a precedent for a new kind of fundraising for projects - simply selling an essential part of your crypto as a piece of software and therefore selling a product.

This seems a neat way around the SEC, FCA rules and regs and enables loads of people from around the world to participate in a crowd-sale.

Expect to see a lot more fundraisers designed around the Ethereum model in future.

hellscabane

legendary

Activity: 896

Merit: 1000

It does seem rather arbitrary, yes.

Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.

So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.

For a company with no product. Just promises.

Does that sound like a worthy risk/reward ratio? That's up to you.

Based on the way the crypto world works, the risk on this is significantly high. But in terms of a more mainstream investment, it's actually more in-line with the "crazy" things that have already happened.

Fortunately the test clients that they have had available seem pretty solid in form.

This may be very risky, but I'd rather throw something at a company that could have far-reaching impact in the entire crypto realm (and not just via ethereum, but also in terms of future IPOs in terms of crypto and other similar regulatory issues) than at some of the ridiculous things that have had wildly inflated valuations. [Example: the "Yo" app raised over $1.5M and is valued at $10M.]

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.

Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT.

It does seem rather arbitrary, yes.

Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.

So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.

For a company with no product. Just promises.

Does that sound like a worthy risk/reward ratio? That's up to you.

I can just imagine they will be walking out when they have reached their goal (I hope they prove us all wrong) but because of the amount of devs and people involved with the altcoin I think they will be aiming to go past 10+ in usd. I think theres over 20 people involved with this alt coin.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Lordoftherigs on July 23, 2014, 09:31:20 AM

Sounds like a lot of fancy wishy-washy marketing spiel to win over investors, than actual end-users.

Then it's exactly how it sounds the devs don't care about the coin they are using this to get Bitcoin and the amount of coin can change at any time? WHAT.

It does seem rather arbitrary, yes.

Based on the amount of Ether sold so far, 8,326,240, and 2000 Ether = 1 BTC, they've currently amassed $2,614,000 in BTC.

So a totally unproven company, essentially a startup, is currently valued at $2,614,000, and it's going to go much much higher.

For a company with no product. Just promises.

Does that sound like a worthy risk/reward ratio? That's up to you.

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux

I just hopes this crowd sale ends well otherwise it can have serious impact on all crypto environment.

In regards to the IPO there is no max cap and no final amount of ether that will be created. (like with fiat). So far it seems that greed will drag this IPO to highly overpriced category. I wouldn't be surprised if ether will be available on exchanges for half the IPO price once released.

It's just like fiat in a way and yes the price will just keep going down because there is no supply and demand because they can just create more coins where is the sense in that? the devs have really made a huge profit on this already.

Lordoftherigs

sr. member

Activity: 313

Merit: 250

I just hopes this crowd sale ends well otherwise it can have serious impact on all crypto environment.

In regards to the IPO there is no max cap and no final amount of ether that will be created. (like with fiat). So far it seems that greed will drag this IPO to highly overpriced category. I wouldn't be surprised if ether will be available on exchanges for half the IPO price once released.

Baitty

hero member

Activity: 532

Merit: 500

Currently held as collateral by monbux