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conroe64 | 11 years ago

I also am thinking of investing but this pre-sale is not the time. They are creating and distributing 1/3 of the ether from the pre-sale to the development team (along with the proceeds from the sale itself, so they in essence get to have their cake and eat it, too). Then they are creating another 1/3 of the ether from the pre-sale and giving it to the miners.

The "fuel" used is going to be a fart in the wind, since it is setup like a bidding process so the transaction goes to miner willing to accept the least amount of ether per clock cycle to run the contract. Since these contracts are going to contain at most maybe thousands of instructions, the expense is going to be extremely small.

So at launch, unless there is some "killer app" from day one, or they are able to generate more hype then they are right now, there won't be any buyers (anyone who was interested in the protocol would probably have bought at the pre-sale) and some major selling pressure from the miners and the ether distributed to the development team.

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