Quote from: Cakinmate on August 21, 2016, 05:14:28 PM

Quote from: Genamant on August 21, 2016, 02:50:49 PM

Quote from: thevictimofuktyranny on August 21, 2016, 10:46:07 AM

Quote from: CryptoScum on August 21, 2016, 09:58:09 AM

What a delusional bunch in here...sure..violate the blockchain ok...oh you want a 60 million $ pre-mine, sure...your thieves too, great..lemme just get your btc address real quick, oh that's right you are the ones who want transactions to be forked away. Nevermind, what you need is a pencil and paper.

You need to do more research and you've not read the ANNs previous posts either Cheesy

60 million ETH was sold too raise the original seed money to build this new network.

Sep 2, 2014

https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfunding_projects

Ethereum Network, is the 9th largest crowdfunded project to date.

$18,4 million - this was principally raised in BTC. This was sold off, to purchase hardware, hire coders and fine tune the implementation of software.

When the BTC was converted into cash - just prior to it cash conversion, BTC price cash value crashed to $220 (suspicious)!

This left the original project with a $9 million shortfall; on original costings.

Strangely, as soon as the conversion of BTC to cash had finished, the BTC price jumped up to $300 (suspicious)!

That is problem with funding really huge projects in BTC, the traders in BTC collapse the Cash (like dollars) price to fatten their profit margins and then push it back up afterwards.

Another, thing that has given BTC a very poor reputation with non-crypto entrepreneurs and businesses.

Ironically, that original BTC hit a high in July 2016 of $65 million, yelp, that crypto-currencies for you.

Fortunately, for those who crowdfunded the Ethereum Network - the new network is blistering fast and is widely acknowledged to be a success!
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This is the actual period 2015 too early 2016, when the Ethereum Foundation was trying to raise extra funding by approaching non-crypto businesses.

Vitalik Buterin, Gavin Wood, Jeffrey Wilcke, Anthony Di Iorio, Mihai Alisie, Joseph Lubin, Stephan Tual.

The people behind ETC have used this too mislead everyone - they have lied and called this period as a sell out for the developers' personal gain. This is a lie, because it is a published fact, that the dollar conversion of BTC left a $9 million shortfall in the original budget for the Ethereum Network.

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In the end, the Ethereum Foundation sold off, a large part of its 12 million development fund - to raise the additional $9 million to fully fund the project according to the original costings.

This was reason, why the ETH price was not higher during the last quarter of 2015 and the 1st quarter of 2016.

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The original crowdfunding for seedfunding the Ethereum Network was not just too private investors, but actual crypto businesses:

"Wanxiang representatives confirmed Blockchain Labs recently purchased $500,000 worth of ETH as part of its wider effort to support the technology."

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As most people can see: ETC lies delete the published facts and replace them with fantasies!

60 million ETH was spent to raise the funds for the development of the the Ethereum.

It is a very necessary for the further development of the Ethereum.

The ETC can also learn from the coding by the ETH developers.

But I heard that the ETC will be independent will employ its own coders.

Definetly ETC will have Own Coders ,,, Hope Good luck with it