Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
extee
on 26/01/2014, 18:10:06 UTC

They are NXTers. And low tier to boot.  They are followers; you can't expect them to question authority.
I for one thank you for wording my doubts.

30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money.
but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework.

Actually, most Ether followers hate Nxt.  Nxt had an IPO of 21 BTC (1 BTC was from the founder).  The creator (BCNext) didn't allow anyone to invest more than 1BTC.  Most people were skeptical, called it a scam, so they didn't invest and he launched Nxt.  Then everyone screamed that the distribution was unfair and they didn't have enough time to invest.  Personally, I don't like large public IPO's for crypto's, it's lame, if it's POW, it should be launched for free and mined.  POS is tricky, because it has to be launched all at once, I don't think any POS will have a small IPO after Nxt.  Regardless, I'll avoid Ether, it's going to be killed by greed.
Vitalik hates NXT - nothing ever mentioned by him or his magazine about it. He pretends as if it non exists!
Go figure...
 Cheesy

When I asked when was the deadline to invest in NXT while it was still open, it was suddenly closed without any advance notice, and I was not allowed to invest in it. The deadline was not clear in the announcement,

Bcnext asked for 21 btc for the lot and he got the 21 btc and consequently closed the IPO. if he had carried on selling nxt coins even past the 21 btc goal he would have screwed the ones who had invested thinking the 21 btc would buy the whole pie. for example if someone had invested 1btc thinking he would get around 450k of nxt....selling nxt even past 21 btc it would have screwed that investor as his share would be much less than what he had agreed into.
having said that me too i prefer an IPO which is open from day A to day B , with no cap and and which gives everyone time. but that also means it's an investment where you don't actually know how much % of the total thing you are buying as it will all depend on how many invest etc.