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Comment by yc1010 | Hacker News Reader

So how come Satoshi makes a brilliant breaktrough and released a really well designed/coded opensource project (Bitcoin) to the world without asking anyone for a cent, and then promptly disappearing (dead?) with all the coins he mined at the beginning not moved despite now being worth billions.

Yet every day, yet another project such as Ethereum, Maidsafe, Storj, OpenBazaar popup make grand promises via fancy websites and raise millions worth of bitcoin and then ... ... nothing.

BTW #3 on > https://en.wikipedia.org/wiki/List_of_highest_funded_crowdfu...

Please stop with all the promises and "crowdfunding" (which downright smells) and actually deliver something.

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I think we have just delivered quite a lot: the network is up and running, transactions enabled Monday or Tuesday, and the code is all FOSS and available for download.

We have shipped.

From what I gather one has to pay you (in bitcoin of course) to get ether to even use the network.

Now once again contrast it to how Satoshi quietly created probably one of the most important projects of the last decade without asking for a cent.

You do understand that the whole crowdfunding thing quite literally sends all sorts of alarm bells rolling, especially since so many other project are doing the same.

Now granted out of all the projects i listed above yours is the most promising and the most ambitious, but once again the whole thing stinks.

Programmers generally have to be hired and paid.

We do not know what Satoshi's financial arrangements were, and we do not know if he mined early on in the network using accounts which are not publicly associated with him.

I do not think your position is stable under close examination.

You're a bit misinformed. If you've got a decent GPU, there's nothing stopping you from firing up the mining software and earning some ether right now. In a few days you'll also be able to buy it on exchanges.

Crowd funding would have been fine. What you did was pre-mine. This undermines the currency. Nobody is going to trust a currency where you hold so much of it and there is no way to prove you gave as much away as you clam you did.

Earlier today, they completely delivered the product they had promised during their crowdsale, and more. As a participant in the crowdsale, I am fully satisfied with the release of geth 1.0.0 and the Frontier production network.

(with the caveat that the network is still limited until Monday or so when a regular transaction load will be possible)

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