This thread is such a joke. You have the EXACT three or four guys repeating over and over again what a great product it is and attacking and demoralizing anyone who has a negative opinion about it. Go to just about any forum thats sells products and you see the same pattern. Three or four shills pumping up the product throughout the entire thread making it seem like the entire community thinks it is awesome. This crowdfundraising is a total scam job. Who in their right mind gives 30,000 in untraceable bitcoins to a bunch of total strangers that refuse to file the proper paperwork that is required when crowdfundraising. This legally required fundraising is designed to provide transparency and protect people against fraud. This is not your average coin launch that does a percentage of pre-mine for advertising. They lost their right of anonymity as small time devs just casually creating coins when they asked for 36 million dollars from the public. When you ask for that kind of cash, you MUST file the proper paperwork.
They are asking YOU and the entire bitcoin community to TRUST them and GIVE them 30,000 BTC before launch and make them millions before one coin is mined with absolutely no documentation, no insurance, no bond, no transparency, no regulatory filings. Do not let them deceive you. This is not just another coin launch. When you ask for this type of money, you MUST file the proper paperwork and background checks. Who are these guys? ONE youtube video and they are asking for 30,000 BTC. Let them earn their money like every other dev, mine a small part and let the market decide how much the coins should be worth. Even if you like the tech DO NOT enable this kind of behaviour and let these fukin devs take advantage of the bitcoin community. They want to be millionaires with YOUR money before even launching. They want YOU to take ALL the risk while they become millionaires with ZERO risk. They will be laughing all the way to the bank in their new Lamborghinis and Homes, while you are nervous about your money the entire time. They have no sweat equity or money in of their own in this project. Does this seem right to you?
Actually if anyone has bombarded this thread by repeating the same point over and over and over again, it is you.
You have been repeatedly told that 30,000 BTC does not translate to 36 million dollars on current BTC prices but you ignore them and stick to your version. You just want to scare people away. You have repeatedly been told that 30,000 represents a hard cap and it remains to be seen how much our community actually invests but again you only acknowledge what is convenient for you. For the record what is the largest IPO in BTC terms that has been raised for alt-coins. I know XCP has PoB'ed 1600+ BTC. Anything higher than that? ETH might not attract an investment in 5 digits so I really do not understand the fuss.
30,000 BTC = 25 million, so a bit off. They probably should not have set a cap at all, because it shows what they think they are capable of acquiring from the people in a best case scenario.
You ask for conformity with US regulations when this is NOT a project within American jurisdiction and global investors including investors from outside your country. You know people do exist who are not American. Should they file paperwork with every country where investors come from?
So because it won't have any effect in some countries we should do away with any kind of recourse at all? What the hell kind of logic is that? "Hey your seatbelt wont save you from ALL injuries so you just shouldn't wear it"
At least if shit went sideways and they were regulated in canada, there would be SOME recourse, wouldn't you agree?
Everyone has a choice. You have made it clear that this is scam. So don't invest in it. You want to educate others about it? I have read a dozen of your posts that essentially make the same point. It's got to a point where this is now verbal diarrhea ad nauseum.
What he is doing (countering bullshit posts) is helpful to the community, because the majority of people don't read a 20, 50 or 100 page thread in its entirety. They read the first page and the last page(s). If he was to just shut up it would let people spread misleading propoganda. So thank you for bringing some issues to light Gunshot5820.
I suspect you actually do want to invest a large amount yourself so by scaring the crap out of people you want to minimize dilution. You can deny all you want but there is no other motive strong enough to repeatedly change the narrative of this thread your way with nothing else to gain. If I thought this was a scam I would have had my say and then left this thread alone.
He's doing what he feels is right, warning others about a potentially bad situation waiting to happen. It looks like he is trying to prevent others from being misled.
The truth is ETH has some very large issues in overrall design. We need people to point these out and bring things to our attention. The creators are treating this like a product. Well we are tired of being sold crap. ETH was not created by god, it was created by people. People can be stupid, nearsighted, petty, greedy and wrong. The creators of ETH are no different. People are people. The motivation for this project is obviously greed. Not a desire to create a better world.
