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Ethereum Launches; but Leaked Chat Says Project Needs ‘Years More’ (cointelegraph.com)
2 points by davidgerard on Aug 9, 2015 | hide | past | favorite | 3 comments


Well, given that the project is launched and things have been running smoothly so far, the "Needs Years More" crowd is going to have to give more specific rationale.


That's the devs talking amongst themselves.

If you look at how the money actually flowed, it went from the suckers to the premining pumpers who dumped it, and the devs will be paid another seven months before leaving the bagholders high and dry.

Note the irrelevance of the promised smart contract/distributed botnet functionality - which, as that post notes, at present rates won't be working properly for years - to the actual, observed flow of cash.

This is a repeat of Paycoin and Stellar. Totally standard premined altcoin pump and dump.


> before leaving the bagholders high and dry.

Well, the price could certainly fall, but at this very moment the "bagholders" can sell their ether at a 4x USD profit.

> which, as that post notes, at present rates won't be working properly for years

Funny, I deployed a couple of smart contracts today into the production network and they work great.




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