MarketQ
Short

Ethereum discloses the state of its Finances September 28th 2015

KRAKEN:ETHXBT   ETH / XBT
A damning report about the state of Ethereums finances is circulating today after Ethers creator Vitalik Buterin revealed new information about the state of finances at the open source project.
The Coindesk report can be found at http://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/
The original blog post https://blog.ethereum.org/2015/09/28/the-evolution-of-ethereum/

Important points to note:
1. The projects current funding is down nearly 9 million dollars from its massive crowdsale of Ether ""It is indeed true that the foundation’s finances are limited, and a large part of this was the result of our failure to sell nearly as much of our BTC             holdings as we were planning to before the price dropped to $220; as a result, we suffered roughly $9m in lost potential capital." Vitalik Buterin

2. The repercussions of this lack of funding on the project will severely hurt its chances of ever being completed, already they have begun cutting positions from their team. When asked about the foundation's hiring plans, Buterin told CoinDesk the group had "already cut some, and cutting some soon."

3. Buterin went on to suggest that the Ethereum             Foundation and its subsidiaries "do not have the manpower" to complete the current vision of the project.

If you would like to short ether with 5 x leverage please use my referral link to the exchange Bitmex https://www.bitmex.com/register/MY6NFj
For more info on the flailing state of Ether be sure to check out my previous Ideas.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out