Quote from: digitalmagus on January 25, 2014, 05:55:05 PM

I was really hoping the Ethereum team was going to start answering some of the serious questions in this thread, but I'll give them a break for a few days since I know they are at the Miami conference. I just hope they are not discouraged by pages and pages of posts by people who don't seem to have spent any significant amount of time researching this project.

If you are seriously concerned then please frame your posts in the form respectful intelligent questions rather than accusatory bashing rants. You'll find you have more support when you post coherently and factually. Have you actually read the white paper (at least twice), read the previous 28 page thread by tacotime, or bothered to research the core team behind Ethereum and some of their recent work? (rhetorical question). Is 30,000 BTC + 50% premine of the initial batch of coins too much? Maybe. From a 'how much $$ do they really need to operate full time for ~3 years to develop this into a solid platform without having to worry about rent, consultants and lawyer fees' - It definitely strikes me on the high side but not crazy excessive. From a 'this thing *may* really be the best bitcoin 2.0 platform we'll see for a while'... $36 million is going to seem like a very cheap valuation in hindsight.

You are crazy off in your calculations, 36 million to support how many guys for how many years and that is not excessive? We are living in two different worlds because I'm sure any venture capitalist would tell these guys to blow off if they presented them with the investment numbers they are asking from the public. You are acting as if this coin will actually survive in the long run. Every coin forum I have been to has a group of devs that think they have the best and innovative tech. You know what? There will be more coins and even better tech next month from the next group and so on and so on. If ANY coin survived in the long run it would make a 100M investment look cheap, that is a very lame apologist explanation. The chances of any coin to surviving besides bitcoin after the crypto hype is over is slim to none. This coin and every coin before and after it is a long long long shot to survive when the crypto hype dies. You can take all the technology you want and nobody cares except for tech nerds. The only thing people care about in coins is the ability to transfer money anonymously and liquidity liquidity liquidity. What good is a coin if you cant cash it out, I dont care what tech is behind it.