Quote from: que23 on January 25, 2014, 11:06:46 PM

Quote from: gutshot5820 on January 25, 2014, 10:44:58 PM

Apparently you are advocating the entire bticoin community to give them a no doc 36 million cash gift. I have a problem with that. LMAO We all want to make money on these coins but when someone says gimme 36 million before I launch, they better have everything audited and legal dont you think that makes sense?

From the whitepaper: "Ether will be released in a fundraiser at the price of 1000-2000 ether per BTC, with earlier funders getting a better price to compensate for the increased uncertainty of participating at an earlier stage. The minimum funding amount will be 0.01 BTC."

The fundraiser will run 60 days and starts FEB 1st. The official announcement is at the Miami conference this weekend. Some facts of the project still aren't known. I'm looking forward to the news coming out of Florida.

I believe 36 million in the implied market cap if the fundraiser were to raise 30k in BTC on the first day. This is probably unlikely to happen, but you never know.

The problem with it is developers want to get rich off the expense of suckers willing to pay the insanely high price of 1 BTC for 1000 ether. And it's premined? To top it all off it's an infinitely inflationary stock (which means it dilutes forever), and it's mined. I don't see why it has to be mined. Mastercoin and Bitshares aren't going to be mined so why do we need mining at all?

I won't be investing in Ethereum early on and I had intended to when I read the technical specifications. The technical specifications are impressive but whoever is behind the economics of this is doing it all wrong.

You want to return the best ROI for the early investors/adopters. If you're going to punish them then why would anyone have faith in your stock, your product, or your future decisions? Ether is a stock and it's a perpetually diluting stock which means you have to keep buying more and more if you want to maintain the same position.

If you're an investor you should put your money in Bitshares, Mastercoin, Counterparty, but if you want to support the technology you should donate to Ethereum.