Topic: Do you think coins with IPO/premines will succeed and be popular/mainstream? (Read 5372 times)

There are huge markets for penny stocks, HYIPs, ponzies, lotteries, extended warranties, etc.

The idea that people want to give their money away should not be surprising.

EDIT: thanks rokkyroad for extended warranties. Added.

I don't think a ICO will takeover BTC. Currency is a network effects product and there will be one winner. I hope it is bitcoin. We need to move on from politics and learn to innovate as a community.

42 people voted 'Yes'   

No wonder the world is fucked.

IPO/premines/instamines are all free money to a few.

People like throwing their money away in the hopes of making a quick buck. A few win but most lose and the cycle of "free money" continues.

Its like going to Staples(for example) and buying that hundred dollar extended warranty they push on you. Chances are you will never use it and if you do you will probably be denied. Its "free money". Everyone loves "free money".

none would adopt by the mainstream, when people think about crypto then bitcoin is the only one and will always stay this way even this scam crap etheorum think it is worth something by the insiders.

IPO/premines really undermines one of the core reasons for p2p currencies is the first place; ie to take the money changes out of the equation, but again this stuffs just lost on most of the in it for the fiat current crypto crowd.

Throwing molotov cocktails at thirsty drunks is "delivering"  

The rest of your post was gracious, but really you don't understand that the insiders stole the supply and then they crafted masternodes which they could own most of, which thus pay them dividends, so they own an eternal supply of coins to P&D with. There is mining debasement that appears to be decentralized, except due to insider control over masternodes, the debasement ends up back in the insiders' pockets for dumping on greater fools.

P.S. I worked this entire day and night. Only 3 posts in the forum. The multi-herbal tea is working (and restarted Vitamin D3 supplementation). Body starting to come back to normal. I am working long hours without adverse effects, same as before the illness.

How is it possible to bump this thread after two years and not discuss Ethereum discuss anything other than Ethereum?

It's easy for you to slam DASH, but at least the DASH team has delivered results. They are doers, not talkers.

You've been talking about your wonderful plans for years now, but the bottom line is that you've failed to deliver. It's enjoyable following your posts though, and I recognise that your unfortunate illiness has held you back. I wish you all the best in making a full recovery, because I genuinely believe you're capable of some advanced designs that take all the finer details into account.

It is partially a proof-of-work coin.

There is nothing competing with it yet on widespread adoption and Dash is promising that (but will never deliver millions of users and then the coin will die because another coin will).

I will kill Dash. Guaranteed.

Eh Dash is doing pretty well in spite of the premine and all the other scandal stuff.  I actually like it as a coin and I don't care what the haters say and there are many.  All of the other ones are destined for the trash can, and there have already been many of those.

I hate to agree with Spoetnik but once in a while he manages to write a decent post and this is one of them.

There have been so many IPO scams. I thought they were dying off then came Ethereum. Well... after bringing in 18 mil and a dramatic rise in price we are seeing a resurgence in the IPO/ICO/ITO scam. Developers are quickly bringing out "the next big thing" in hopes of a Ethereum repeat.

Until a better system of distribution comes along i will stick with POW or even POS maybe.
I don't jump on board with Angel Investing or Crowd funding IPO / ICO etc bullshit
simply because we did not make a better alternative method yet.

IPO shit was born out of the need for dev's to continue flogging THOUSANDS of news shit coins non stop.

It was taking the easy scammy way out.
And users who are only interested in profit from any coin (even if obviously scammy) are fine with it.
just so long as they make money off them.

THIS IS WRONG !

This rapes the spirit of true Altcoin dev's.
I enjoy the technical aspects of crypto but am not the smartest at that stuff
I want to see it go forward and not actually die off.

It just seems you all agreed to go along with IPO's because well there wasn't a better and as fast method of
pumping out endless coins to make money from.

It defeats the entire point LOL

The point of an altcoin is to one up Bitcoin and improve it.
Not establish a money making pyramid scheme from it that is distributed in an even worse way than BTC was !

Altcoins are suppose to be better than bitcoin.. NOT worse !

Many of you lost the point of it all.

And what i want to see is dev's find an improved method of distribution over BTC's
But instead they stopped working on that key aspect of ALT's and focused entirely
on misc other gimmicks or un-needed features like Anon features, Markets etc

I have heard all the retorts on this issue such as Mining can be exploited for example..
Well, IPO launched coins are even more vulnerable to Exploitation so that doesn't improve anything does it ?
It's a step in reverse code wise !

One example? I can't think of any. All the IPO/ICO coins have crashed and burned. Only the proof-of-work distributed coins have sustained, e.g. Monero, Litecoin, Bitcoin.

IPO are a good thing i f managed well and by trusted / real devs.

They all do that now and then say it's NOT an IPO coin hahahha
They say ohhh well, it can be mined 

There are few, actually only two that I can think of that has a decent future. A Real future.

What it ultimately requires is a developer who is serious about making it work and knows how to approach it realistically and with professionalism. Someone who can actually navigate the real world infrastructure and legality/economic environment.


Of course he would have a completely open profile and public identity from the beginning. He would also have to have been around crypto for a long time, certainly longer then a few months.

actually some "investors" want to "invest" in "coin" where there is no miner, because miners dumped on them.
So now, they built their own system where they can dump on each other... no miner involved.

people apparently like to buy wind... (at least with miner you buy electricity somehow)

I think a new section should be created, only for them so that they don't have to see any miner anywhere...
(which would be good, because we wouldn't have to see them anymore either...)

ipo/ico/ito coin is worth nothing

all of them go to zero sooner or later