Here's my knowledge in a nutshell; all ICOs are scams. No exceptions.
Not all ICO are scams dude that is based on my experience.And remember Ethereum was pass through in online crowdsale also.
Topic: Best of (upcoming) ICO's - page 5. (Read 5316 times)
And remember Ethereum was pass through in online crowdsale also.
Depends if the devs decide the project is actually worth working on or if they will just completely ignore it and essentially take your money and run. As the second guy said, it's gambling. Either profit or bust, something extremely risky. There have been successful crowdsales including Ethereum but that was a long time ago and the times are different nowadays.
Thing is, if a dev or group of devs are confident in their project, they should finance it themselves. That at least shows that they are confident and not just want a quick payday. They should launch as PoW as it's still the only fair initial distribution method and mine it themselves or buy cheap early coins and hold if they're confident they can deliver as that would make them great profit. Or even make it so they get a cut automatically for a period of time from every block, Zcash style (but not as much as 20%). That way they're incentivized to keep improving the project and can't just get an initial payment and lost all incentive to continue and not just disappear.
And ICOs are going against everything crypto stands for; it's a centralized form of inital fund distribution.
Depends if the devs decide the project is actually worth working on or if they will just completely ignore it and essentially take your money and run. As the second guy said, it's gambling. Either profit or bust, something extremely risky. There have been successful crowdsales including Ethereum but that was a long time ago and the times are different nowadays.
Here's my knowledge in a nutshell; all ICOs are scams. No exceptions.
Slightly longer but still short version: we have a lot of new, mostly lazy people in crypto thanks to the rise of Bitcoin who look at this as a gold rush and want a quick and easy buck and consider mindlessly gambling with ICOs as smart investments. Your 11-day-old account is a testament to that. While I'm not against gambling as long as the participants are understanding what they're doing (I lived off of playing onlike poker for years) ICOs are nothing but a distilled and rotten form of gambling without rules. It's like a game of cards where the cards absolutely doesn't matter and you just give your money to the house which decides if you won or not. This phase in crypto is even more detrimental then the "every wallet has a keylogger or trojan" phase following the "every coin is heavily premined" era (which seem to have a comeback).
That is really true. I participated in a recent ICO and the way the dev are behaving, I think I just donated my money. In other words, gambling as you said. Slightly longer but still short version: we have a lot of new, mostly lazy people in crypto thanks to the rise of Bitcoin who look at this as a gold rush and want a quick and easy buck and consider mindlessly gambling with ICOs as smart investments. Your 11-day-old account is a testament to that. While I'm not against gambling as long as the participants are understanding what they're doing (I lived off of playing onlike poker for years) ICOs are nothing but a distilled and rotten form of gambling without rules. It's like a game of cards where the cards absolutely doesn't matter and you just give your money to the house which decides if you won or not. This phase in crypto is even more detrimental then the "every wallet has a keylogger or trojan" phase following the "every coin is heavily premined" era (which seem to have a comeback).
Here's my knowledge in a nutshell; all ICOs are scams. No exceptions.
Slightly longer but still short version: we have a lot of new, mostly lazy people in crypto thanks to the rise of Bitcoin who look at this as a gold rush and want a quick and easy buck and consider mindlessly gambling with ICOs as smart investments. Your 11-day-old account is a testament to that. While I'm not against gambling as long as the participants are understanding what they're doing (I lived off of playing onlike poker for years) ICOs are nothing but a distilled and rotten form of gambling without rules. It's like a game of cards where the cards absolutely doesn't matter and you just give your money to the house which decides if you won or not. This phase in crypto is even more detrimental then the "every wallet has a keylogger or trojan" phase following the "every coin is heavily premined" era (which seem to have a comeback).
Slightly longer but still short version: we have a lot of new, mostly lazy people in crypto thanks to the rise of Bitcoin who look at this as a gold rush and want a quick and easy buck and consider mindlessly gambling with ICOs as smart investments. Your 11-day-old account is a testament to that. While I'm not against gambling as long as the participants are understanding what they're doing (I lived off of playing onlike poker for years) ICOs are nothing but a distilled and rotten form of gambling without rules. It's like a game of cards where the cards absolutely doesn't matter and you just give your money to the house which decides if you won or not. This phase in crypto is even more detrimental then the "every wallet has a keylogger or trojan" phase following the "every coin is heavily premined" era (which seem to have a comeback).
Hi guys,
right now we have a lot of exciting new icos coming.
I am not starting this thread, so I do not have to do my own research. I am starting this thread, because as a community we can share our knowledge, hint others in directions they did not see, spread our knowledge and let the community (and our bank accounts
) grow.
Soon there a following icos, which really spark my interest and I think everyone of them is worth participating.
Civic
Status
openANX
Tezos
tenX
Wagerr
Dcorp
Omisego
There are too many icos. One can not participate in all of them. Please share with all of us your thoughts and advice about these icos and may add more, which spark your interest! We all can profit from this.
I will also add websites, infos and my thoughts, which will hopefully help everyone as well.
Cheers
right now we have a lot of exciting new icos coming.
I am not starting this thread, so I do not have to do my own research. I am starting this thread, because as a community we can share our knowledge, hint others in directions they did not see, spread our knowledge and let the community (and our bank accounts
) grow.Soon there a following icos, which really spark my interest and I think everyone of them is worth participating.
Civic
Status
openANX
Tezos
tenX
Wagerr
Dcorp
Omisego
There are too many icos. One can not participate in all of them. Please share with all of us your thoughts and advice about these icos and may add more, which spark your interest! We all can profit from this.
I will also add websites, infos and my thoughts, which will hopefully help everyone as well.
Cheers
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