Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Ethereum IPO reboot coming, time to get nervous about the future of crypto
by
Nullu
on 31/07/2014, 19:25:41 UTC
Quote from: marcelus on July 31, 2014, 02:39:14 PM
Quote from: Nullu on July 31, 2014, 02:24:17 PM
Quote from: Queeq on July 31, 2014, 02:04:07 PM
Quote from: joe 90 on July 31, 2014, 01:27:35 PM
Quote from: EvilDave on July 28, 2014, 07:52:19 PM
Quote from: bitjoint on July 28, 2014, 05:42:51 PM
Comparing Ethereum with NXT is like comparing a nice car (NXT) with its production and assembly line (Ethereum).

Nope, there's nothing that Eth is slated to do that can't be implemented in the NXT eco-system.
When NXT releases Monetary System, NXT becomes the factory......a better comparison would be that NXT is Lego and Eth is a 3d printer.

https://www.ethereum.org/
https://nxtforum.org/index.php
I've just spent a few minutes checking out Ethereums site.....apart from the money slurping machine at the front door, it reads like an extract from NXTs technical discussion section.

How much money has it slurped now?

9,471.85518446 BTC at the moment.

Which makes the company currently worth $5,544,000 USD.

Ridiculous.

Why is it ridiculous?

To value a start-up company at over 5 million USD? I shouldn't even have to answer that question. So a company that isn't making any money is now worth over 5 million. How long, if at all, do you think it will take for your stake to be worth anything? For it to double, the company, once it goes live, would have to make 5 million on top of that, and that's assuming 100% of their earnings will go into the value of Ether, which it certainly won't.

Just think about it and you'll see how overly-inflated the evaluation is.