Post
Topic
Board Altcoin Discussion
Re: **** Official Ethereum QA thread ****
by
ciscokid
on 16/03/2014, 09:33:29 UTC
Few more questions.

1- Will any of the IPO bitcoin be used to fund personal expenses like food/travel/accommodations?

2- Are we going to get a breakdown of where exactly the funds go?

3- If underfunded, we will all get refunds correct?

4- If ethereum "fails" for any reason after launch, and Vitalik decides to scrap the idea and do something else, will the investors get stake in whatever new project Vitalik takes on?

5- There seems to be a fair amount of risk involved here. Why is it that early investors are only getting 2K ether for 1 BTC? How exactly was this number arrived at? It seems very inflated for an IPO considering it is still a brand new tech that needs to be created, could very well fail, be copied, not have enough interest to see a return on the investment etc etc.

5a. Why not reward the early investors more for taking on huge risk? 10,000 ether per 1 BTC seems fair considering the risk involved.

6- Theoretically will the cost of using Ether cause the price to always remain low? Because people would not use it if it's too expensive right?