Where was he before during the high point ?
..counting his cash.
Topic: [2017-10-26] Vitalik Buterin: 90% of token startups will fall - page 2. (Read 4039 times)
Funny he noticed after all this time and after all the money he made that.. they made ETH look bad
Where was he before during the high point ?
..counting his cash.
Where was he before during the high point ?
..counting his cash.
This is simply common sense even if I believe 90% is a bit too high.
It is probably very similar with Startups. So many are created and only a very few of them are succesful in the long term.
if they really have good plan and idea, it's easy to success here. It's easy to get fund even with just weird coin name. It is probably very similar with Startups. So many are created and only a very few of them are succesful in the long term.
This is simply common sense even if I believe 90% is a bit too high.
It is probably very similar with Startups. So many are created and only a very few of them are succesful in the long term.
It is probably very similar with Startups. So many are created and only a very few of them are succesful in the long term.
The founder of the second most popular cryptocurrency in the world has always been skeptical about initial coin offerings, or when companies issue digital tokens to attract investment. Those digital tokens’ price is based only on the desire of people to have them, Mr. Buterin noted on the ETHWaterloo hackathon, dedicated, as one can guess from the title, to the structure of Ethereum.
As Vitalik Buterin believes, 90% of current ICO projects, even based on trusted ERC20 standard and even those listed on Coinmarketcap, will eventually crash. What we see right now is only the first version or first practical implementation of tokens, and “tokens 2.0” that will emerge somewhere between 2018 and 2019 will be much better. The hype around current token projects is doomed to fall, and after that, Buterin thinks, we all will finally understand which projects are worth investing and which are not. The ICO rating system is, indeed, one of the most serious problems the market is currently facing. But the market will mature, Ethereum founder assures.
Previously, when it became known to Buterin that independent Ethereum upgrade developers had launched an ICO, he immediately told this is not what he wants to see with his currency development and swiftly established a private fund that invests in decent Ethereum development projects.
Read more
As Vitalik Buterin believes, 90% of current ICO projects, even based on trusted ERC20 standard and even those listed on Coinmarketcap, will eventually crash. What we see right now is only the first version or first practical implementation of tokens, and “tokens 2.0” that will emerge somewhere between 2018 and 2019 will be much better. The hype around current token projects is doomed to fall, and after that, Buterin thinks, we all will finally understand which projects are worth investing and which are not. The ICO rating system is, indeed, one of the most serious problems the market is currently facing. But the market will mature, Ethereum founder assures.
Previously, when it became known to Buterin that independent Ethereum upgrade developers had launched an ICO, he immediately told this is not what he wants to see with his currency development and swiftly established a private fund that invests in decent Ethereum development projects.
Read more
Very interesting news and I am really curious how he had counted the ratio of 90%.. I would say 50%.
So he thinks in 1-2 years time all ICO projects will fail, it means ETH will fall as well. Thus, pretty smart would be for him to regulate altcoin market somehow..
I think he is right (a lot of startups fail too). But we are at the early stages, a lot of money will come in and i think we will se the fail of some tokens in the end if 2018. but like in the internet age some comapnys survied and got big.the ones you at real value for people to use. We will see
Cheers
Cheers
Well and if you look away from blockchain also 9 / 10 classic startups will fail also. So thats nothing new, thats just normal.
You have to do your normal due diligence before buying anything. And if you do good research and invest also in future projects, i am quite sure you ll make profit out of it.
You have to do your normal due diligence before buying anything. And if you do good research and invest also in future projects, i am quite sure you ll make profit out of it.
It is not necessary to be the founder of the second most cryptocurrency, Vitalik Buterin to say that most ICOs will fail eventually. Of course most of them will. How come all those hyped project be succesful in the end? Most of them are scammers in the beginning. The rest are some exciting guys abouth crypto future without any entrepreneur experience.
Only ICOs you should invest are the most realistic things like Waves ICO, or Tezos ICO or any working concept such as casino ICOs or realistic market ICOs. Rest of them are way too risky.
Only ICOs you should invest are the most realistic things like Waves ICO, or Tezos ICO or any working concept such as casino ICOs or realistic market ICOs. Rest of them are way too risky.
I agree that most of the current ICO's won't have any value in time, but those who really develop their projects can be very profitable. To secure your investment, just do a deep analysis of a project where you wanna deposit your money. Really worthy projects appear 1 of 50 approximately now.
I think 90 percent is fair enough. Given real life startups which is expected to have positive cashflow even sooner has quite a high fail ratio I expect even more in the altcoin business. As soon as the ICO Money is gone development will halt and the Project will be forgotten.
Projects will evolve as the tech, the future is Bright but I would not bet my Money on the everyday ico schemes....
Projects will evolve as the tech, the future is Bright but I would not bet my Money on the everyday ico schemes....
right now, i would say its more like 99%, meaningless token shit everywhere. those are not evenstartups, they are just creating token because they can..
I think you have a good point here. As what I observed, there is an Aidrop explosion even on Ethereum tokens. There are new airdrop daily and most are on Ethereum network. Though airdrop is a good way to distribute a token but mostly,they are from newbies.
Yes that is true and not interesting. 80% of the projects will be successful, seriously? They most are already same and most are trash. I bet 95% will fail.
right now, i would say its more like 99%, meaningless token shit everywhere. those are not evenstartups, they are just creating token because they can..
I am quite sure a lot of the startups will fail, but i think that should be a fact that everyone who is investing in alts or better said icos should be aware off.
Either you buy them for short term profit or you go with it. Then it will be decided, if you are in the 90% you will loose it all, but if you also have one coin of the 10% i am quite sure it will compensate your loss of the others. For me this works pretty fine at the moment.
Either you buy them for short term profit or you go with it. Then it will be decided, if you are in the 90% you will loose it all, but if you also have one coin of the 10% i am quite sure it will compensate your loss of the others. For me this works pretty fine at the moment.
Crypto is still an emerging market and i agree that we will mature and thats why governments have been banning the use of ICO to fill their pockets and most of this ICO they dont have any idea about blockchain etc.
The founder of the second most popular cryptocurrency in the world has always been skeptical about initial coin offerings, or when companies issue digital tokens to attract investment. Those digital tokens’ price is based only on the desire of people to have them, Mr. Buterin noted on the ETHWaterloo hackathon, dedicated, as one can guess from the title, to the structure of Ethereum.
As Vitalik Buterin believes, 90% of current ICO projects, even based on trusted ERC20 standard and even those listed on Coinmarketcap, will eventually crash. What we see right now is only the first version or first practical implementation of tokens, and “tokens 2.0” that will emerge somewhere between 2018 and 2019 will be much better. The hype around current token projects is doomed to fall, and after that, Buterin thinks, we all will finally understand which projects are worth investing and which are not. The ICO rating system is, indeed, one of the most serious problems the market is currently facing. But the market will mature, Ethereum founder assures.
Previously, when it became known to Buterin that independent Ethereum upgrade developers had launched an ICO, he immediately told this is not what he wants to see with his currency development and swiftly established a private fund that invests in decent Ethereum development projects.
Read more
As Vitalik Buterin believes, 90% of current ICO projects, even based on trusted ERC20 standard and even those listed on Coinmarketcap, will eventually crash. What we see right now is only the first version or first practical implementation of tokens, and “tokens 2.0” that will emerge somewhere between 2018 and 2019 will be much better. The hype around current token projects is doomed to fall, and after that, Buterin thinks, we all will finally understand which projects are worth investing and which are not. The ICO rating system is, indeed, one of the most serious problems the market is currently facing. But the market will mature, Ethereum founder assures.
Previously, when it became known to Buterin that independent Ethereum upgrade developers had launched an ICO, he immediately told this is not what he wants to see with his currency development and swiftly established a private fund that invests in decent Ethereum development projects.
Read more
the problem also lies in some sort of pyramid scheme via mass media attention
coinmarketcap systematically keeps a pyramid style structure alive, people that have created altcoins will have to create their own information channels and depictions where the odds are complete vice versa,
that is the only way they can create a new reality, because the established coins will systematically keep attention away from others in order to continue to grow themselves.
there are in the meantime also alternative smaller ethereum lots of alternative bitcoins etc. as i said media attention is the issue, if the coinstartups are smart they simply will stop participating in the established market and found an own market on themselves.
pretended simulated facts this way can quickly become true facts that can be measured.
regards
ICO's will fail not because ERC20 is bad, the problem is not the tokens themselves but the networks that they represent. Most of them are not able to deliver their promises for many reasons, like lack of skill, unrealistic goals or just being plain scams - and the situation is quite similar with real world startups. So, this suggested token 2.0 system might not necessarily solve the problems with current ICO's. What is really needed is community effort for filtering obviously bad projects on early stage, so investors will have to spend less time looking for good projects. Also, ICO's are in bubble because people are speculating on them - they are not buying tokens because they believe in projects, they buy them to sell a few weeks later after expected pump.
just this.
I saw a comment from Lopp not to believe in any token that has a limited use case.
As in the only place to spend the token is in the intended ICO system.
I get the comment but this also feels against the basics of tokenomics.
And If we agree that payments is not the only use case for cryptocurrency then this seems kind of counter productive.
I love Bitcoin but I think other tokens and use cases need to develop.
Thoughts?
As in the only place to spend the token is in the intended ICO system.
I get the comment but this also feels against the basics of tokenomics.
And If we agree that payments is not the only use case for cryptocurrency then this seems kind of counter productive.
I love Bitcoin but I think other tokens and use cases need to develop.
Thoughts?
Maybe it could be 99%. If you noticed, there are many ICO that have the same qualities and they are just competing with each other to stay longer and be the best.
A statement from an alt coin creator stating that 90% of alt coin will fall.
That only means that even the coin that he develop has a chance of falling in the future.
How can we be sure that the one that he created will be strong enough not to be included in that 90%?
Ethereum might have a value right now but who knows what will happen in the future.
Is he trying to say that it will be better just to invest on bitcoin?
That only means that even the coin that he develop has a chance of falling in the future.
How can we be sure that the one that he created will be strong enough not to be included in that 90%?
Ethereum might have a value right now but who knows what will happen in the future.
Is he trying to say that it will be better just to invest on bitcoin?
I think things will happen naturally. There will be regulation brought in and standards will be established. There's already other blockchains better than ethereum out there.
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