Huh? Not sure what you are saying... Difficult to enter "the ICO" ? What do you mean? Nobody will want to send ETH because it's too valuable?

I know it sounds crazy, but you have to consider that right now nobody outside a very small circle even knows about Ethereum, but most people have at least heard about Bitcoin..... If Ethereum has just 1 or 2 successful dapps that get the mainstream using it, or simply if institutional investors start coming in (which they will be very soon), then really 6k is not that unrealistic. That would be a 575b marketcap. Gold for comparison is about a 7t marketcap. Most people a year ago would not believe you if you said BTC would be 10k, look at it now...

My opinion may be unpopular here, but eventually ETH will match or surpass BTC maketcap. Just like Facebook surpassed Myspace. It won't happen overnight, but 1-2 years is a safe estimate. It all comes down to tech fundamentals and the development community. There's a reason why developers are flocking to Ethereum, and why Bitcoin can't even agree on simple protocol upgrades without having to fork.... Of course, nobody really knows for certain what will happen, so take my comments with a huge grain of salt... But to me the risk/reward is very clear and favorable towards ETH in the long term.

Nobody will expect what comes next. $1000 is highly likely by the end of the year. $6000 by the end of 2018 would not surprise me. By this time institutional investors will be in. The herd is coming, and when it does, the numbers will make your head spin. Here is a strong signal for you doubters:

https://entethalliance.org/members/

@ Ursium Do you care to chime in?

OR, the amount of Ether it takes to run the same application decreases over time, while the price could stay the same or go higher... Are the units of Ether not divisible like Bitcoin?...

We'll see.

Fundraiser, pre-sale, IPO, call it what you will. But as long as Curecoin was being exchanged for money/crypto then it's all the same.

And to be clear, the only thing I did not like was that they would not take additional investment. Why not? And just take less Curecoin from the pre-mine instead? Anyhow, we'll see how it pans out. But I am sure I am not the only one feeling the same way.

That is not true at all.

I have much respect for the Curecoin team and think its awesome what they are doing. I have even told many people about it. But from an investment perspective, it does not make sense for me to buy them at anything but 10k/1btc, otherwise I will simply invest in something else that I can get in on from day one. Like Ethereum or eMunie.

Willing to buy 10k CURE for 1 BTC,

seems fair since that is what early "investors" paid. I asked many times months ago to invest but the "window" was closed. Instead of pre-mine for devs they could have taken BTC instead and allowed more investors. Anyhow, I don't think I will be supporting this project otherwise.

Here is a re-post of my questions:

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

2- Prior to IPO, are we going to get a breakdown of where exactly the funds go?

3- If underfunded, we will all get full 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?

7a- Added these since last post: Will any of the devs/mods be investing their own money into the project to purchase for Ether, at the set 2k Ether/1BTC ? If so, approx how much will be purchased?
7b- What kind of appreciation are you expecting at one year, two years and 3 years? I know this is really does not matter, nor can it be accurately predicted at all. But I just want to know what is going on in your minds, even if it is not accurate at all. Helps me to better gauge where you guys are coming from. If you guys are indifferent that is useful to know as well. And yes, I understand you guys are primarily about developing tech, not creating another speculative investment. But I still would like to know where exactly you guys stand.


Thank you for your time, I understand that you guys are working hard, which is why I tried to not bug you too much. But I really hope I can get some solid answers so I can gauge where I would be standing as an investor.

So is QA officially over now?

I asked some questions almost a month ago but still no reply. Ursium dropped in to post links but still no reply..... Pretty sure I am not the only one with these questions, and without them answered I don't feel comfortable investing.

I would really appreciate a reply so I can make an informed decision on whether or not I should take part in the IPO...

Really hoping to get some answers to my above questions before the IPO....

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?

Thanks again for your time, you have cleared-up many things for me. I am excited for this project.

lol, obviously trolling...

Thank you for the reply. Some more questions...

1- What exactly is the need for ether? Could the system, run without it? How exactly does it support the system? And are individual computers in the p2p network actually assisting in the " processing work" in any way?

2- What is preventing someone from making a clone should ether become too expensive?

I know you can't clone the dev team, but if ether becomes too expensive then you can bet there will be a cheaper alternative available right? The language of the clone would then be compatible with any new layers/plugins being built on the ethereum protocol and they would essentially offer the same experience. Correct? Is there anything in place to help minimize the risk of this? 


2a- Regarding the above question, would this mean a strong increase in price would actually hurt ethereum, thus making huge price gains not a likely scenario? Because it would be too expensive to use? Or can the ether cost to the system (or whatever it cost to use a service) be changed on the fly? If so, would that be done automatically?


3- Is there any reason why you guys can't patent the technology but still keep it open source? To prevent copycats?

4- When you use ether to "pay" for a service, where does that ether go?

5- Is there something wrong with your webpage, http://www.ursium.com  It wont load....



Sorry for the newb questions, but I am pretty new to this all.

Thanks for the reply.

So what will be the " fixed percentage of what was raised in the ether sale." ?  An estimate is fine.

I guess what I am trying to figure out is what would be the better way to go, build a mining rig, or invest in the IPO the same amount that I would spend on the rig.

Can we please get a reply to this prior to the IPO.


"So if I invest 1 BTC and get my 2,000 or so Ether, what happens when people start mining?  Is some dude with a jacked up rig going to be able to mine 10,000,000 Ether in the first couple hours?  How is this being handled so that my investment is actually worth something?"