Post
Topic
Board Altcoin Discussion
Re: [NFO] Ethereum = Scam
by
CoinRocka
on 27/07/2014, 02:09:19 UTC
   Supposedly any BTC the founders put in they get back but keep the Ether.


Wow.  I wonder if investors know this...  What a sham.

–]vbuterinFounder
You mean if I had sent 100 BTC in then I would get 100 BTC out and also keep 200000 ETH, so a 2x return? We are certainly not doing a deal of that sort.
Additionally, note that we do not "own" the BTC that goes into the ether sale. Those BTC are held by a GmbH (German for "limited liability company") owned by a Swiss non-profit Stiftung (foundation) registered and regulated by the Canton of Zug; it is illegal for us to use those funds for personal benefit (with obvious exceptions like salary).