@xenomorphe1
GREAT LINK and perfect example!
ICO's will rarely be decentralized and continue to drive up the risk of the cryptomarket!
AND Even if the ICO is legit and the project is real. A majority of the money invested is taken out of the cryptocurrency eco-system and exchanged directly for Fiat money. This is because of liquidity issues and a limited number of suppliers accepting crypto as payment. Therefore affecting market stability.
Topic: DO NOT INVEST in another ICO or Altcoins until you read this!! *IMPORTANT* (Read 131 times)
January 24, 2018, 11:11:29 AM
January 24, 2018, 11:07:14 AM
Did you read this? It is also important. It had 4.5/5 on ICO Bench... Having a good trust doesn't mean an ICO is legit or a scam. It is very risky to invest in ICO.
https://news.bitcoin.com/benebit-ico-runner-2-7-million-investor-funds/
https://news.bitcoin.com/benebit-ico-runner-2-7-million-investor-funds/
January 24, 2018, 11:04:57 AM
We are not saying that ICO's are bad. We are saying the ratio in which the market has become dominated by ICO's and Enterprise is bad.
The altcoins that these ICO's create are depend solely on the companies success. In the short-term you will receive gains but in the long term you essentially turn the cryptocurrency market into the stock market.
This was not the original vision forcryptocurrency. The understanding of this is hugely important.
It allows you to make better decisions and to assess risk when opting for who to invest in. Other than trying to make a quick buck.
The altcoins that these ICO's create are depend solely on the companies success. In the short-term you will receive gains but in the long term you essentially turn the cryptocurrency market into the stock market.
This was not the original vision forcryptocurrency. The understanding of this is hugely important.
It allows you to make better decisions and to assess risk when opting for who to invest in. Other than trying to make a quick buck.
January 24, 2018, 10:58:35 AM
This is not important. As long as the iCO is legit and the project is real why not
January 24, 2018, 10:56:31 AM
'Recently Blockchain has proven to be applicable to a wide variety of problems outside the scope of being used solely for currency purposes. Ultimately this is fantastic for the future of enterprise. However, the ratio in which blockchain is used for enterprise versus currency threatens to de-stabilize the cryptocurrency eco-system.'
In short this is because 90% of Altcoins & Tokens are created using decentralized means (the blockchain) but are run by centralized companies and start-ups.
The number of centralized participants is fast outweighing decentralized participants such as Bitcoin. This causes a big issue as there are too many participants (ICO's & Start-ups) that can be controlled and regulated. If regulation dominates the crypto space you will naturally see a drop in the value of the total market cap (It has lost close to 200bn already - more 'reason' for regulators to want to intervene).
In addition, all Altcoins & Tokens are being marketed together via exchanges (all of which are centralized by nature), therefore blurring the purpose of cryptocurrency and tricking new investors to jump in blind.
REGULATION and Mediation threatens the very existence and value proposition of Bitcoin and Altcoins similar to it. Re-read Satoshi's whitepaper - https://bitcoin.org/bitcoin.pdf
Alot of this is issue covered in our whitepaper - https://tipity.xyz/wp-content/uploads/2018/01/Tipity-Whitepaper.pdf Really understand Tipity before supporting it
This is not an attempt to get you to trade the Tipity Altcoin - instead this is a strong attempt to get you to understand that the cryptocurrency eco-system relies on YOU for its survival, our very FREEDOM to trade transparently with privacy relies on all of us as a collective. DO NOT forget the benefits that were laid out for us by Satoshi
Thank you all and long live the Crypto- revolution!
------------
Tipity - A true supporter of decentralization in the financial system
https://tipity.xyz
In short this is because 90% of Altcoins & Tokens are created using decentralized means (the blockchain) but are run by centralized companies and start-ups.
The number of centralized participants is fast outweighing decentralized participants such as Bitcoin. This causes a big issue as there are too many participants (ICO's & Start-ups) that can be controlled and regulated. If regulation dominates the crypto space you will naturally see a drop in the value of the total market cap (It has lost close to 200bn already - more 'reason' for regulators to want to intervene).
In addition, all Altcoins & Tokens are being marketed together via exchanges (all of which are centralized by nature), therefore blurring the purpose of cryptocurrency and tricking new investors to jump in blind.
REGULATION and Mediation threatens the very existence and value proposition of Bitcoin and Altcoins similar to it. Re-read Satoshi's whitepaper - https://bitcoin.org/bitcoin.pdf
Alot of this is issue covered in our whitepaper - https://tipity.xyz/wp-content/uploads/2018/01/Tipity-Whitepaper.pdf Really understand Tipity before supporting it
This is not an attempt to get you to trade the Tipity Altcoin - instead this is a strong attempt to get you to understand that the cryptocurrency eco-system relies on YOU for its survival, our very FREEDOM to trade transparently with privacy relies on all of us as a collective. DO NOT forget the benefits that were laid out for us by Satoshi
Thank you all and long live the Crypto- revolution!
------------
Tipity - A true supporter of decentralization in the financial system
https://tipity.xyz
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