Quote from: canth on January 20, 2014, 03:58:31 AM

Quote from: kovand11 on January 20, 2014, 03:41:37 AM

I like the product, but really hate the price. Its 0.0001 BTC * 1.2 trillion = 120000000 BTC This is insane. I know that not all the coins will be available at start, but its wrong with many many zeros.
This way, it is a scam, with a little development behind it.

Forget the 1.2 trillion max coin limit - it's really not relevant. In the first year, 2X Ether will be released, where X is based upon initial price and the amount invested. Assume for a minute that 10,000 BTC is invested @ 0.0001 BTC / Ethers. First year:

Investors: 100M Ethers
Founders pool: 25M Ethers
Dev bounty pool: 25M Ethers
Mining: 50M Ethers

Total after each year:
Year 1: 200M Ethers
Year 5: 400M Ethers
Year 30: 1.5B Ethers
Year 100: 5B Ethers
...
AD 26011: 1.2T Ethers

It's really just a matter of putting concrete examples in the whitepaper so as to not focus on the hard limits of the system. My advice? Be skeptical, just keep an open mind and don't be locked into your initial reactions on things like the max coin limits.

I think 10,000 BTC is a lot and won't be invested. So why there is need in 1.2T Ethers? Don't understand..

Anyway. I don't understand about IPO. What the profit? Isn't it better to mine or to buy at lower price from miners? I'm sure that miner's price will be lower than 0.0001 BTC (at least I hope).