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Main => General Discussion => Topic started by: bitmeat on July 23, 2014, 08:40:13 am

Title: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 08:40:13 am

So, total ether is 10^18 or 1,000,000,000,000,000,000.

at 2,000 ETH per BTC (and that's their LOW price!)

is

...

500,000,000,000,000 BTC!!! 500 FREAKING TRILLION BTC!!! LARGEST IPO EVER!!! :)

L-O-L W-T-F!

Title: Re: Ethereum valuation.
Post by: xeroc on July 23, 2014, 09:07:52 am

Ethers will be mined ... not all sold ..
afaik only a little percentage is sold ...

Title: Re: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 09:22:47 am

Quote from: xeroc on July 23, 2014, 09:07:52 am

Ethers will be mined ... not all sold ..
afaik only a little percentage is sold ...

Exactly my point. Based on the small % that is sold, this is THE MARKET CAP!!!! If you are buying ether right now you are paying... 500 TRILLION BITCOIN for it! :)

Title: Re: Ethereum valuation.
Post by: xeroc on July 23, 2014, 09:26:17 am

good point
reddit discussion:
http://www.reddit.com/r/ethereum/comments/2bgauv/ether_sale_do_you_think_ether_is_overpriced_cheap/

Title: Re: Ethereum valuation.
Post by: santaclause102 on July 23, 2014, 11:10:19 am

http://www.reddit.com/r/ethereum/comments/2bgauv/ether_sale_do_you_think_ether_is_overpriced_cheap/cj5cxv6

Title: Re: Ethereum valuation.
Post by: mitao on July 23, 2014, 01:38:53 pm

The ether crowdsale is on the news everywhere, while btsx release is still in silence. I think the bad marketing/PR during the past half an year has killed bitshares project, or need a long long time to make up the loss.


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Title: Re: Ethereum valuation.
Post by: bitbro on July 23, 2014, 02:05:55 pm

Where is it in the news?


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Title: Re: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 03:59:18 pm

Lose a battle, win a war

Title: Re: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 04:00:00 pm

BTSX WILL be on the news once there is a trading platform

Title: Re: Ethereum valuation.
Post by: toast on July 23, 2014, 04:27:12 pm

I'm pretty sure that is wrong.

They're scaling the supply so that 80% goes to presale.

Title: Re: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 04:33:01 pm

Quote from: toast on July 23, 2014, 04:27:12 pm

I'm pretty sure that is wrong.

They're scaling the supply so that 80% goes to presale.

Yes, it is wrong - supply is virtually infinite. Basically, there is inflation and the total supply is still an astronomical number.

80% goes to presale at the beginning, but then all goes to miners which will create massive inflation. It could work, if it becomes the worlds reserve currency, then yes, it doesn't matter presale got reduced to 5% it's still massive. And more fairly distributed than a 100% presale. But still high, from trading perspective, I would not put much in it, it will drop after they go liquid, it's a guarantee.

Title: Re: Ethereum valuation.
Post by: donkeypong on July 23, 2014, 04:35:05 pm

(https://www.ethereum.org/images/terms/distribution.jpg)

It's kind of funny how they model the miners to be that much better holders than the purchasers.

Title: Re: Ethereum valuation.
Post by: bitmeat on July 23, 2014, 04:42:39 pm

Might not be that bad actually - miners = adoption. So long as the inflation is combined with increase in the market cap, that's fine. But they are offsetting a lot of the risk onto the purchasers.

i.e. not worth initial purchase in my mind. wait for it to be liquid. I'll still probably get a few BTC just for the novelty.

Title: Re: Ethereum valuation.
Post by: CLains on July 23, 2014, 04:45:03 pm

If only they had replaced that teal stuff right there with some quality delegates ;)