(...)
Are blatantly wrong, as you know given the fact that VB said himself that the foundation have been selling Eths all the way up to $6 to ensure economical safety for the years ahead.
Are blatantly wrong, as you know given the fact that VB said himself that the foundation have been selling Eths all the way up to $6 to ensure economical safety for the years ahead.
As far as I know that is not correct. What he said was:
The foundation currently has ~1.65 million ETH, plus ~$750k in non-ETH assets. 1650000 * 6.1 + 750000 = $10,815,000. Based on our current ~$200k/month burn rate, that will last us ~54 months ~= 4.5 years. That said, we are planning some substantial expansions which will increase our expenses but also get casper and other fun stuff out the door much faster, and we are also starting to get interest for corporate sponsorships coming in, which could secure us a more sustainable funding path in the long term.
https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwpr04
They did not sell. And the price of $ 6.1 was correct two days ago but after the price drop it's currently at about $ 4.90. Makes less 2.7 Mio Dollar and I expect it to go down more.
The problem: They are highly dependent on the ETH-price.
In that reddit thread you are quoting VB says "Have been negotiating ETH sales going all the way up
"Which is obviously the smart thing to do as it is in the best interest for the foundation. If I'm not completely mistaken it implies that companies or private individuals who are looking to buy a lot of Eth have contacted Ethereum foundation and made deals. Nothing wrong about that, in fact if they didn't consideer that then I would seriously question their ability to run and develop something as major as this.
Anyways my point is that the "war" guy said Ethereum was running out of funding, which couldn't be more untrue, especially now.