Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
newuser01
on 23/07/2014, 08:13:41 UTC
Ok I read most of the Terms and Conditions of the Ethereum Genesis Sale. You may find it after clicking on Buy Ether.

1) There is no cap on overall btc invested. 3265 btc as of now (10 hours after start) has been invested already. I think it's safe to judge at least 30000 btc will be invested in the 42 days left.
2) There's a cap of 12.5% for every investor, aiming to avoid centralization/inequality. This is more for corporations as it's unlikely anybody would invest so much.
3) Offer will last 42 days. You get some bonus in the first 14 days and after that you get less bonus.
4) 83,5% of ether is being sold, but this coin has an infinite inflation and ether will be forever mined. ( https://www.ethereum.org/images/terms/supply.png ) BUT after only 10 years these 83.5% will have become only 26.3% ( https://www.ethereum.org/images/terms/distribution.jpg ) and will keep becoming less and less significantly for a long time. At least 20 more years.
5) If 30000 btc gets invested we will have an instant market cap of 36000 btc and an actual market cap (if you take 10 years into consideration which some might argue is too much and others is too small so i guess its a fair number it becomes 114068 btc instant market cap. More than nxt already.
6) This is their btc direct address in case someone is curious: https://blockchain.info/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2 DO NOT SEND BTC DIRECTLY TO IT
7) This seems to me maidsafe 2.0. I hope it's good and it will actually deliver something, but hardly enough for investors to break even. I don't know if I'm investing on this. Most likely I will not as it seems only people getting rich out of this are developers.



Sums it up pretty good

The only good thing with this IPO is that there is no rush, you have ~13days to decide if you want to buy it at the current price or not.

other than that, it seems like maidsafe IPO


I think you're better off investing in whatever mining equipment becomes useful instead of buying these overpriced ethers that will only drop in value over time.