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.
You're right. We should never think of anything ever again. This is the furthest humanity will ever go, and we've reached it. Let's shut down everything. Ideas are scary, and they're risky, and that's why we do them. I think it's cool that these guys are at least trying to do something interesting. That's all there is to it. It's novel, they're delivering code, and they're open about things. That's cool to me.
Bitcoin was revolution that changed the world, these guys are just hopping on the train and taking advantage of the Bitcoin community while crypto coins are still hot. It's obvious you are a tech nerd and like the work these guys are doing, but if they can't get money from a bank or venture capitalist, and need to beg to Bitcoin community to fund their project, while having no initial investment of their own, that sends warnings bells through my head. You have a right to your opinion, if you like then so much, go ahead and invest 100k and be an early adopter. If they were were asking for a few million to fund for expenses and a %percentage of pre-mine to reward them if things work out, then I would be behind this. But the mere fact that they are asking for up to 36 million is just ridiculous on an entirely different greedy level.
If a company or government wants to utilize this emerging cc/blockchain technology, and they can basically chose which blockchain/coin they want to build on, why would they choose Ethereum? Isnt it quite possible when it is released and is potentially much easier to build upon than bitcoin, ripples etc that it will be heavily adopted and may make up ground rapidly? But then whats stopping bitcoin or others using their advantageous work and implementing into their protocol? (side note: also, isnt it conceivable that people could start building on the dogecoin blockchain?) All these "ifs" make the ipo price a little crazy imo, but then i dont know shit. Im interested in economics and the histroy of money and really like this new technology, but dont really understand it despite doing my best to learn about it, including watching a few vids with Vitalik. Having watched these vids, and confident that ive always had a really good "gut brain" and high level of EI, Id say he doesnt appear to me at all as someone who wants to wrong anyone let alone rip people off for greed. In fact, he donest strike me as someone who is likely to care about money much at all, certainly not at the expense of his reputation which is on the line so early in his career.
I cant see myelf investing at this stage.