As surprising as it might sound from me, I might invest in Ethereum and get out before the pump phase is over. The basic idea is ingenious, I respect Vitalik very much. But until the role of Goldman Sachs hasn't been clarified I won't trust this project.
Have you read the terms ?? PEOPLE YOU MUST READ !!
All coins will be locked for one year. You won't be able to sell anything before a year AND you won't be able to sell more 1/3 of your coins per year which mean that you will never be able to sell all your coins.
In the meantime, 1000 new altcoins will be lauched.
Yeah, you're right. The level of my enthusiasm has fallen like a stone since yesterday.... In addition to what you wrote about the sell restrictions there is also 40% (!!!) yearly inflation constraint (
The linear inflation rate has been reduced to 0.4*X per year.). So the value of your investment depreciates 40% a year??!! What in the world were they thinking??? Do they really think we are that stupid?
As for the Goldman Sachs involvement: One of the founders acknowledges that at 8:08-8:12 on the video
https://www.youtube.com/watch?v=q5FDvzj8YX4 . I challenge anybody who states he was saying "worked" in past tense to turn on the captions (cc button under the video in Youtube) see he says "work" in present tense....