Topic: All crypto with an IPO/ICO is trash - no exceptions. Just launch fairly. - page 2. (Read 3041 times)

I think it is a free speech forum and I just expressed my ideas, not attacking anyone! You have a strong unreasonable bias! I don't need to provide any evidence to argue with you, which is wasting my time! Please stop shouting and act as normal human being! Just check you trust! You deserve it!

Name any and WHAT made them a scam.
Not delivering on FUTURE promises ? Is that it ?
See what i said earlier so i don't have to copy & paste a wall of text AGAIN.


Because they are ALL a pyramid scheme for profit.
NONE of them ever accomplished anything but THOUSANDS have been made.

Promising ? What is ? their claims ?

Name one that REQUIRES / NEEDS an IPO launch for it to work.

Notice how POW coins were made first ? Why were they abandoned in favor of IPO's ?
When i started there was no such thing as a "White Paper" or ICO / IPO.
They were stolen from the REAL stock markets.. while we have no laws.


Are you high on fucking Crack ?
NONE of these anon fuckers are "legit"
ALL of them have a massive long track record of shitty coin cloning.. HIDDEN
Posted on a web site with no rules AGAINST posting scam coins.

"MANY" I'd say that is a stretch..

What did they make that was not already in Litecoin or Prime Coin or Bitcoin etc ?
That they are making IPO's with..

And don't have the Funds ?
What funds do you need ?
You HAVE TO quit your day job to post an ANN topic after you rip the code from Github ?
Uhhh maybe leave the coin cloning to people who can do it for free in their spare time ?
AS IT WAS MEANT TO BE !

Did Satoshi say ok idiots i want a million $$$ in cash to code my coin ?


You all have been told this endlessly and if you don't grasp basic common sense
then suffer like the stupid greedy little idiot brats you are.

Because in case you don't get it yet ?
They are ALL doomed to failure.. AND they all contribute to killing Crypto dead including Bitcoin itself !

Yeah yeah NXT and NXT2 (iota) insta ICO's are well distributed non scams. Okay!

Both have terrible intial distribution and already a lot of the whales are dumping out on noobs for 30x ICO price.

People this time are on to it though. Nobody is going to fall for nxt2 from the same people who scammed everyone into paying millions for their 21 btc nxt1 tokens.

There are some IPO/ICO scam coins. Some ppl may be scared of it. But why should we be against it as long as the project is promising and run by legit ppl. Many talent developers just lacks of fund to start it. We could fund their projects and get some return. What is the problem with it?

Agreed 100% OP ..i have a huge problem with ALL IPO/ICO coins.
I never supported any of them ever.. Ripple the first i can recall.

Dev's don't "deserve" to be paid either.

Just because you want to start a free open source currency hosted on Github
doesn't mean we should write you a paycheck (in advance) for 1 Million dollars in Bitcoin.
EXACTLY LIKE BLOCKNET !

I have spent exactly half my life coding and never in my life received one single cent.
I have also refused donations a lot.

This is what i write into my code..


I made the time..
If you can't fund your own project then leave it to someone else who has the means.
Rigging a coin to pay you the dev an obscene amount of coins (you can dump) is complete 100% fucking bullshit !

Sorry assholes but your not ENTITLED to sweet fuck all !
Don't create the problem "WORK" then blame the work for needing to be paid.
You are causing the problem so you can put the fix in..

Ripple ? Ethereum ? scam .

ALL OF THEM ARE SCAMMY BULLSHIT !

And don't even bother trying to say POW can be exploited.
A 100% premine is what an IPO is and it's 1,00000x more exploitable then any POW coin could be !

EDIT:
Once the main guy who starts an IPO possesses all 100% of the coins he can then do what he wants with them.
Imagine having every us dollar for 24/hrs.. know why pay interest to posses your money for short periods ?
Having all the coins is a colossal massive super advantage all on it's own.. never mind getting a "Cut"

Then consider the fact that the coin is no longer possible to be considered Decentralized
when 1 single guy or COMPANY inc. posseses -ALL- of the coins on launch.

THAT make sit a Pyramid scheme more than it does any sort of "currency"

Here i thought you new age digital hippies wanted a decentralized currency to topple "The Man" ?
How is a guy owning all the coins on an IPO launch any different than the US Federal reserve ?

Why do you all dive on all these THOUSANDS of IPO/ICO coins ?
Simple.. Greedy profit .

So ?
It means they are ALL doomed to failure.. ever heard of a Pyramid scheme that worked out well ? ROFL  

EDIT2:
See the comment below mine ?
They don't get it and never will.
It's like ike talking to a brick wall.

I fail to see why IPO is not a honest way to get initial funding? If you have a good white paper and all you need is money to implement it, IPO is probably the most honest way: win-win situation for both company making it and for early investors, if developers do the ob well. I don't see it being scammy by default.

I thought bitcoin was considered an asset like comic books or bullion...?  I did not think it was actually considered money by the US gov't.

Also, is it possible to have a premined coin that is actually good as a coin?  The issue with premining is that it disproportionately enriches the dev(s), correct?  But the coin could actually be a good one.  Is that possible?

Oh I wasn't aware of one.  Actually it seem to me that FinCEN has issued reasonably clear guidelines on crypto, while the SEC (despite being very aware of it) have stayed hands off, except in cases of egregious scams/pyramid schemes.  
  
Despite this, TPTB likes to troll the Altcoin board with doom and gloom talk about how the SEC will one day arrest everyone involved with cryptocurrency because he believes the SEC will consider all crypto to be "unlicensed securities", despite FinCEN guidance already explicitly making the distinction.  
  
So I was just offering TPTB a chance to write another 3000 word essay about the minutiae of SEC law, because that's what his agenda here actually is.  Secretly, every opportunity I get to waste TPTB's time is an invaluable chance to delay his 'ultimate cryptocurrency' just a little bit more, which gives me peace of mind that my flawed proof-of-work fascinations will continue to have a legitimate existence for a while longer.

Where is the conflict between FinCEN and SEC guidance?

So you were about to tell me about the Sia premine/devmine/ICO/IPO? 
 
Also, my apologies.  I just heard you say the other day that you were leaving Bitcointalk until your project was launched, so I naturally assumed that since you have returned the project also must have gone live. 
 
Also, since you seem to be so knowledgeable about these things, when FinCEN and SEC guidance conflict - which takes precedence?   What if SEC guidance doesn't apply, or they haven't released any?
 

I am trying to be a developer of a social network, not of a ticker symbol.

You know something the masses are interested in, not a circle jerk of fools playing greater fool fistfucking with each other while violating SEC regulations and setting themselves up for future jail time.

Does SIA have a significant premine/ICO/IPO?  I wasn't aware of one. 
 
Also how does it feel to return to Bitcointalk as a full developer?  I knew you had it in you.  What's your coin's ticker so I can own some for the lulz?

The greater community already has. The masses don't adopt nor buy any of the altcoins.

There isn't a problem. It is just a few fools here who like to give their money away. Including yourself.

Nice how your closed the Sia thread so I couldn't rebut you.

The worst is that the legitimate and honest crypto projects get lumped in with the other garbage.  Only by the community taking a stand and refusing to acknowledge IPO/ICO crypto can this trend be reversed.

My favourites are the ones with flashy graphics and swish roadmaps. Roadmaps that lead nowhere. Fodder for goats.

If a coin truly has potential it will grow on its own. Look at bitcoin no icos/ipos yet people were still drawn to work on it because it had potential. The reality is that if a coin has potential it will grow on its own without the need for icos/ipos or some other shady shit. These days i outright refuse to touch coins launched via IPO/ICO as there have been far too many of these scam coins in the past and i am tired of greedy devs not doing what they preach.

Sounds good these admins are on a hurry to make money they offer ICO right away even if they do not have a site of their or any feature or road map just a plain algorithm of their clone coin..

Yep do it. MS is getting in bed with some real insta ico scams lately. I wonder if they would boot them out if they'd known about their shady origins.

Put the good and the bad so everyone can see it.

I was there at the Very start of over 100 POW coins. There was only really one fully successful and fair launch. Everything went correct and to plan. Launched exactly on time as advertised. Wallet rar password given to everyone at the same time. Diff went mad as everyone jumped on in the first seconds. Nobody could get more than their fair share. That coin sadly died. It was however a perfect example of how to launch a POW coin.

All you have mentioned are far more fair than most of the ICO coins though.

i'd agree, there is certainly a ton of fairly launched cryptos, enough that no one needs to be supporting these ICOs, premined etc coins.

I just remembered that there is an actual company behind zerocash who is also taking a devmine.  It should be interesting to see where in the FinCEN guidance this behavior will fall.


Why don't we get a list of legitimate, non-premine, non-ICO/IPO coins and put it in the OP?  If I miss any, let me know.  Off the top of my head I can think of things like Bitcoin, Litecoin, Namecoin, Primecoin, Monero, Aeon, Boolberry, Dogecoin....