Not all ICOs are bad. Moreover, investing in any project, we understand that this is a venture investment. That is, there are high risks and high profits are possible. Everyone knows this beforehand. If you study all information about the project and conduct a thorough analysis, then I think you can find promising projects. And not all erc-20 tokens are bad. This is just a convenient and easy way to start your project. And if it continues to develop well, the project can move to its own blockchain.
Topic: A Realization - Why All ERC-20 Tokens Are Shit - page 3. (Read 385 times)
Therefore, I follow ICO always using small capital.
I'd better buy a Coin that is already in top marketcap and I HODL.
Not all ERC-20 token are shit. In business we mostly think only about profits but sometimes looses are also inevitable and just because a certain ERC-20 token of certain poorly coordinated project didn't give you any profits does not mean the rest of the other successful ERC20 tokens are also shit
I disagree, they shouldn't be considered securities.
No one is being forced to invest in ICO's.
There is risk involved in almost everything you do in life, the last thing I want is the US government mandating for ICOs.
US can't do anything for those are working in another country. They are investing on their own risk said by investing in ico and they agree with all of the risks will be involved in their investment. No one is being forced to invest in ICO's.
There is risk involved in almost everything you do in life, the last thing I want is the US government mandating for ICOs.
The majority of tokens can be considered as security caused by the majority of them don't have utility usage. But will be a very wrong thing to implemented SEC compliance to the all of ico projects around the world.
to get the high reward you should have some balls to invest in the highly speculative crypto world. none is forcing to invest in shit, and you don't need to invest longterm, if we talk about small ICOs
i dont think all ERC-20 Token are shit, it just the dev and project of the token are shit
Sometimes they care just to collect a money and don't want to make a progress with their project after that the token will become a dead tokens
Sometimes they care just to collect a money and don't want to make a progress with their project after that the token will become a dead tokens
Erc20 is a very easy and good way to start a new project on.
U will see in practice once the project develops some will move away from erc20 and move to their own chain for example vechain soon
U will see in practice once the project develops some will move away from erc20 and move to their own chain for example vechain soon
-snip
at the first place you are not force to invest to their ICO, they do a crowdfunding to the believers of their token. and also not all erc20 token are shit. look at ethos, dent, denta and many more
With traditional shares, you own a part of the company. You have legally guaranteed protections in place that the board of directors of a company MUST have your best interest at heart at all times, or they go to jail. By us idiots (myself included) investing into ICOs whereby we forfeit all judicial and legislative protections that a company is MANDATED to have our best interests at heart, we essentially take on all the same risks as shareholders do, without any of the benefits. We essentially trust completely private enterprises that they'll always have our best interest at heart as token holders. Stop, pause, and realize how stupid we all are.
Take FUNFAIR for example. This is a huge risk investment with a lot of potential. As an early contributor, you get absolutely no equity, profit, or anything else in the platform, but rather simply the ability to purchase the token that will be used by casinos early. That's it. Investors like us fund companies like this from the ground up, and yet receive absolutely nothing comparable in return in the way of ownership and profit sharing.
Guys, we must all WAKE THE FUCK UP. Honestly. We must unite and STOP this practice whereby we invest in utility tokens. ALL ERC-20 tokens, and platform tokens, should be securities. Nothing else. We should all have ownership in a company we invest in, including sharing its profit.
None of these shit tokens offer any of the reward that we as investors deserve for the risk that we take. Absolutely none, unless you can cite me a specific ICO that gives you legal ownership of the company with the token, then none. The one exception are DAOs. Yes, these do confer you actual ownership, and I wish this is the direction that all ICOs would take, however they don't. Most ICOs are centralized and are not DAOs, and they will give you shit tokens rather than ownership shares that you deserve.
This is a realization we should all make. This practice needs to end.
Take FUNFAIR for example. This is a huge risk investment with a lot of potential. As an early contributor, you get absolutely no equity, profit, or anything else in the platform, but rather simply the ability to purchase the token that will be used by casinos early. That's it. Investors like us fund companies like this from the ground up, and yet receive absolutely nothing comparable in return in the way of ownership and profit sharing.
Guys, we must all WAKE THE FUCK UP. Honestly. We must unite and STOP this practice whereby we invest in utility tokens. ALL ERC-20 tokens, and platform tokens, should be securities. Nothing else. We should all have ownership in a company we invest in, including sharing its profit.
None of these shit tokens offer any of the reward that we as investors deserve for the risk that we take. Absolutely none, unless you can cite me a specific ICO that gives you legal ownership of the company with the token, then none. The one exception are DAOs. Yes, these do confer you actual ownership, and I wish this is the direction that all ICOs would take, however they don't. Most ICOs are centralized and are not DAOs, and they will give you shit tokens rather than ownership shares that you deserve.
This is a realization we should all make. This practice needs to end.
You bought it cos you were expecting to make a huge profit by selling the coins somewhere down the road. You do not share the same vision as the company that you bought into but you expect that the company have your best intents.
I think we all enter into any ICO with our eyes open. It is usually declared that it is an utility token or a security token. We are aware and we bought into it.
The risk of ICO is high and we took it cos we want to make a big profit.
Yes some lost money and some made a pile.. but we are fully responsible for our action.
I think the crypto world is a wonderful place and we have access to all the information to decide whether to buy into the ICO or not.
Read the whitepaper properly and invest properly.
Having ownership means nothing if it is a shit company.. I rather own utility tokens in a company with a great concept than shit ownership shares in company that have nothing to offer.
Why the word shit coin or shit tokens born? It is because of negative income to those people who invest and purchased tokens. Absolutely not all the time here in cryptocurrency business are gaining all the time, actually this is a business, lets consider also a few losses. So, if we failed sometimes, lets considered it as a sharp tool to become a wise and smart on this business.
I disagree, they shouldn't be considered securities.
No one is being forced to invest in ICO's.
There is risk involved in almost everything you do in life, the last thing I want is the US government mandating for ICOs.
No one is being forced to invest in ICO's.
There is risk involved in almost everything you do in life, the last thing I want is the US government mandating for ICOs.
With traditional shares, you own a part of the company. You have legally guaranteed protections in place that the board of directors of a company MUST have your best interest at heart at all times, or they go to jail. By us idiots (myself included) investing into ICOs whereby we forfeit all judicial and legislative protections that a company is MANDATED to have our best interests at heart, we essentially take on all the same risks as shareholders do, without any of the benefits. We essentially trust completely private enterprises that they'll always have our best interest at heart as token holders. Stop, pause, and realize how stupid we all are.
Take FUNFAIR for example. This is a huge risk investment with a lot of potential. As an early contributor, you get absolutely no equity, profit, or anything else in the platform, but rather simply the ability to purchase the token that will be used by casinos early. That's it. Investors like us fund companies like this from the ground up, and yet receive absolutely nothing comparable in return in the way of ownership and profit sharing.
Guys, we must all WAKE THE FUCK UP. Honestly. We must unite and STOP this practice whereby we invest in utility tokens. ALL ERC-20 tokens, and platform tokens, should be securities. Nothing else. We should all have ownership in a company we invest in, including sharing its profit.
None of these shit tokens offer any of the reward that we as investors deserve for the risk that we take. Absolutely none, unless you can cite me a specific ICO that gives you legal ownership of the company with the token, then none. The one exception are DAOs. Yes, these do confer you actual ownership, and I wish this is the direction that all ICOs would take, however they don't. Most ICOs are centralized and are not DAOs, and they will give you shit tokens rather than ownership shares that you deserve.
This is a realization we should all make. This practice needs to end.
Take FUNFAIR for example. This is a huge risk investment with a lot of potential. As an early contributor, you get absolutely no equity, profit, or anything else in the platform, but rather simply the ability to purchase the token that will be used by casinos early. That's it. Investors like us fund companies like this from the ground up, and yet receive absolutely nothing comparable in return in the way of ownership and profit sharing.
Guys, we must all WAKE THE FUCK UP. Honestly. We must unite and STOP this practice whereby we invest in utility tokens. ALL ERC-20 tokens, and platform tokens, should be securities. Nothing else. We should all have ownership in a company we invest in, including sharing its profit.
None of these shit tokens offer any of the reward that we as investors deserve for the risk that we take. Absolutely none, unless you can cite me a specific ICO that gives you legal ownership of the company with the token, then none. The one exception are DAOs. Yes, these do confer you actual ownership, and I wish this is the direction that all ICOs would take, however they don't. Most ICOs are centralized and are not DAOs, and they will give you shit tokens rather than ownership shares that you deserve.
This is a realization we should all make. This practice needs to end.
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