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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.
Ah, I see the comment you mean - didn't recognize it. Not sure what exactly he means with that but either way, I agree with you that money won't be the problem any time soon. But I also agree in some points with the "war-guy". I'm not a programmer and without a deep understanding of the technical side, but I recognized that there seem to be some uncertainty about the Casper-solution, even in the team. Or to say it with other words: It's maybe just my personal impression after reading discussions about it, but for me it seems that they don't exactly know how to do it and what could be the result in longterm - for the entire eco-system. And everytime I've asked about Casper it seems nobody wants to discuss it - I did not ask ETH-Devs, but several times in the german ETH-Thread and also in the official one. Either way I'm kind of surprised that Ethereum wants to switch to PoS. In my eyes that's a bad decision because PoS, even if it's a modified, must lead into economically centralization. I also recognized that V. Buterin did not reply to TPTB about Casper - as if he doesn't want to discuss it deeply.
At the moment I'm not invested, just watching and "analyzing" communication and also the market to figure out if I should buy or not. And I believe to see a lot of uncertainty and risk and I also believe that the market is highly manipulated. Can't prove that and it's not even because of the price but more because of the extremely high volume. Polo just has a little bit over 100k accounts and I never saw more than about 4000 active users at a time. I doubt that that is enough to maintain >30k BTC over several days. And if it's manipulated it won't be a usual pump group.