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Topic: F*** ICO's. (Read 4112 times)

full member
Activity: 448
Merit: 103
July 29, 2017, 01:52:14 AM
#71
ICO is a short term adrenaline, once the adrenaline ends it's not gonna look good. And this will reflect unfashionably on coins too.
sr. member
Activity: 378
Merit: 250
Embrace change
July 28, 2017, 08:47:50 AM
#70
On a different and positive viewpoint, it's a good thing we have ICOs. These ICOs are doing a great job in promoting cryptocurrency. There will never be a buzz for bitcoin, ethereum, etc if not for these ICOs. We need to embrace change and these cryptocurrencies can change our world for the better. I can tell these crptocurrencies can fight corruption and can improve the quality of education. If we can make a way to educate the students about the real function of cryptocurrencies through ICOs, I'm sure the world will be a better place for them.

The International MultiModal Logistics Application (IMMLA) has came up with a genius idea of conducting pre-ICO to build a decentralized system for cargo transportation. The team behind the project makes use of Ethereum to fight additional and hidden fees in shipping business. Details here goo.gl/qeK3mQ

I'm hopeful more people will realize the real value of IMMLA-ICO before the shipping industry becomes a haven of corruption. Now is the time for a change. It's time to use the magic of cryptocurrency!
legendary
Activity: 2730
Merit: 1068
Juicin' crypto
July 28, 2017, 08:09:40 AM
#69
this is why the dev from WBB (DLS) who runs 1ex.trade started things off as one of the only legit fair mined coins in late 2014 and has since done well as a project and in price.  i suggest ppl get away from bullshit ICO's and get with something that HAS a major real world product about to launch!  Cool
sr. member
Activity: 602
Merit: 252
July 28, 2017, 04:25:20 AM
#68
It's stupid on the part of investors that they move from investing and making profit from one ICO and investing the returns into another ICO, eventually getting scammed by the 'n'th ICO. If every ICO really intended on raising millions of dollars for software development, we would've been in world full of cryptos and the government would have to stop issuing fiat as you would have one crypto for milk, another for vegetables etc.
hero member
Activity: 615
Merit: 500
July 28, 2017, 04:17:38 AM
#67
theres nothing wrong with doing an ICO.. theres just a ton of scam ICOs now because its easy money.  there will probably be some diamonds in the rough.. but ya, a lot of scams.

SEC practically greenlighted ICOs.. all u gotta do is block US people, US residents use VPN.  exchanges can't list some ICOs, so now decentralized exchanges will be in higher demand..  Cheesy
hero member
Activity: 560
Merit: 500
July 28, 2017, 03:46:36 AM
#66
People who investing in ICO do not read this kind of threads, and if you want to change something the you must talk with people as neutral, else people will be neglect all negativity said against ICO.
Many people had good luck this year, and greed is what makes this situation worse. No regulations or prohibitions will change people's bad habits, we have bunch of examples.
Maybe best solution for this would be consensus about what an ICO must look like and what must provide as guarantee for investors.
hero member
Activity: 756
Merit: 501
DeepOnions for the WIN!
July 28, 2017, 03:38:20 AM
#65
I have only made REAL money with 2 ICO's so far. WAVES and CVC (Civic). Some of the other ICO's I have invested in have not yet returned any profits. But I am still holding and seeing where they go.

I think the time when making easy money on ICO's is slowly coming to an end.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
July 28, 2017, 03:10:52 AM
#64
The Libertarian dream has evolved into a Capitalist nightmare. The banks used to fear cryptocurrencies. Not any more. They just need to get some popcorn and watch us destroy ourselves chasing their fiat cash.

The bankers must be laughing themselves to sleep every night.

Wow this is so true, in the beginning the banks laugh at us, they ridiculed us, and they accepted us and some even succumbed to us. But wait, I think they'll be laughing again

The banker just playing with us. You can see all of the news that has released by the banker to make the traders feeling panic and sell all of their portfolio in the lost area. SEC is one of them in my opinion. because US is not the world. So take your conclusion about that.
full member
Activity: 218
Merit: 100
July 28, 2017, 02:41:13 AM
#63
Friendly bump. I feel this could be of relevance seeing where the industry is headed at the moment.
full member
Activity: 448
Merit: 103
November 13, 2016, 08:15:10 PM
#62
The Libertarian dream has evolved into a Capitalist nightmare. The banks used to fear cryptocurrencies. Not any more. They just need to get some popcorn and watch us destroy ourselves chasing their fiat cash.

The bankers must be laughing themselves to sleep every night.

Wow this is so true, in the beginning the banks laugh at us, they ridiculed us, and they accepted us and some even succumbed to us. But wait, I think they'll be laughing again
full member
Activity: 218
Merit: 100
November 13, 2016, 01:47:43 PM
#61
I don't think anyone cares if funds raised in a crowd sale or in an ICO are really from the crowd?
We can't have a currency and offer it to people before printing them(mining).

If a company is going to pay dividends to investors then it has nothing to do with crypto and being decentralized.
And if they tell you otherwise then better to stay away from them because no company would open source and operate in a decentralized environment could actually earn money.

Wrong.
Bitcoin went from a token worth nothing to 1350 working in that very environment.
Albeit, not a company in the conventional sense.
Don't get me wrong but it's the truth, if you have a money maker idea and you go open source then everyone start to clone your idea, so in order to be able to make money you need to be closed source and I think all the companies have their own secrets why is that? because it's a money maker idea.
If a developer team comes out and says otherwise then you should check their money making idea to see if it is possible and if you can't have access to it then it's not open source and being decentralized means nothing.

Also bitcoin didn't offer any tokens to crowd sale.

I think open source vs closed source is a discussion in itself Smiley
legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
November 13, 2016, 04:30:42 AM
#60
what FUD sticks said in less words

F*** ICO's.

newbie
Activity: 3
Merit: 0
November 12, 2016, 11:18:19 PM
#59
decentralized is the wave of the future
copper member
Activity: 1330
Merit: 899
🖤😏
November 12, 2016, 10:45:22 PM
#58
I don't think anyone cares if funds raised in a crowd sale or in an ICO are really from the crowd?
We can't have a currency and offer it to people before printing them(mining).

If a company is going to pay dividends to investors then it has nothing to do with crypto and being decentralized.
And if they tell you otherwise then better to stay away from them because no company would open source and operate in a decentralized environment could actually earn money.

Wrong.
Bitcoin went from a token worth nothing to 1350 working in that very environment.
Albeit, not a company in the conventional sense.
Don't get me wrong but it's the truth, if you have a money maker idea and you go open source then everyone start to clone your idea, so in order to be able to make money you need to be closed source and I think all the companies have their own secrets why is that? because it's a money maker idea.
If a developer team comes out and says otherwise then you should check their money making idea to see if it is possible and if you can't have access to it then it's not open source and being decentralized means nothing.

Also bitcoin didn't offer any tokens to crowd sale.
full member
Activity: 218
Merit: 100
November 12, 2016, 09:30:39 PM
#57
I don't think anyone cares if funds raised in a crowd sale or in an ICO are really from the crowd?
We can't have a currency and offer it to people before printing them(mining).

If a company is going to pay dividends to investors then it has nothing to do with crypto and being decentralized.
And if they tell you otherwise then better to stay away from them because no company would open source and operate in a decentralized environment could actually earn money.

Wrong.
Bitcoin went from a token worth nothing to 1350 working in that very environment.
Albeit, not a company in the conventional sense.
copper member
Activity: 1330
Merit: 899
🖤😏
November 12, 2016, 09:29:08 PM
#56
I don't think anyone cares if funds raised in a crowd sale or in an ICO are really from the crowd?
We can't have a currency and offer it to people before printing them(mining).

If a company is going to pay dividends to investors then it has nothing to do with crypto and being decentralized.
And if they tell you otherwise then better to stay away from them because no company would open source and operate in a decentralized environment could actually earn money.
full member
Activity: 218
Merit: 100
November 12, 2016, 09:12:12 PM
#55
Have you lost a lot in these ICO's,finding profitable investment it's like looking a needle in a haystack,you have to exercise due diligence,so many ICO you are lost in a sea of ico.

I don't invest in ICO's personally.
Only help some of these projects though.
hero member
Activity: 2926
Merit: 567
November 12, 2016, 09:04:04 PM
#54
Have you lost a lot in these ICO's,finding profitable investment it's like looking a needle in a haystack,you have to exercise due diligence,so many ICO you are lost in a sea of ico.
copper member
Activity: 1330
Merit: 899
🖤😏
November 12, 2016, 09:02:00 PM
#53
You should always think before putting money in any ICO first you need to make sure if the funds are really from real investors and not the team behind the project and make sure to know for what you are investing your money.

I agree that 80% of ICOs are pure scam.
full member
Activity: 218
Merit: 100
November 12, 2016, 08:54:42 PM
#52
I really don't understand why people think crowd-sourcing is where the "innovation" is. People have been crowd-sourcing and offering shares in potential profit for hundreds of centuries. To put it in perspective, the British Conquest of India was partly "crowd-sourced" in the sense that East India Company had a number of private investors. You could say wars were also crowd-sourced in the sense that bonds issued to fund these wars in the 17th century were bought by private investors. None of this is what's "innovative"

The primary innovation in the ecosystem was what Satoshi offered when he made a system that allowed all of us to remove the barriers set by conventional banking and fiat system . A lot of these "investments" are being made because you have an anonymous system of value transfer that happens digitally. Granted a lot of the new coins (especially IOTA ) are solving drastically new problems, what am trying to talk of is the pointless hype around them.

I would respectfully disagree with you here in this example. The dutch east india traing company was a MASSIVE innovation, at the time, as it was the first example of capital formation. It was, at the time, and is to this day, one of the single most innovative legal structures, aside from the "trust" in legal history. Moreover, it was not "crowdsourced" in the sense that we know it, as it was only made avaliable to the aristocracy in part as a revolt to the monarch who was not always able or did not allow for the funding of expeditions. It was more akin to a "private Placement" the innovation of crowdfunding, as we know it today; is not the idea, but the methods in which it is done, the technology we have as the enabler. Which is where I agree with you. The difference from today, is anyone who has an interest no matter if you're rich, poor, smart or stupid, can participate.

If I understand you correctly, you seem to want to link the prevailing and good things from our investment regulatory system and apply them to ICOs but in the spirit of decentralization and crypto? I agree with you if thats the case, the question is what should we as a collective hold, and what should we shed to provide a working framework for issuers, and for investors so that our community can thrive?

I think a productive way to look at this might be to come up with a "Manifesto" for appcoins, ICOs etc, a loose, guiding framework that people can reference and be held accountable to so that a culture can be defined and governd around what we collective believe are the proper ways to issue and invest in ICOs. lets not overlook that on the other side as an issuer, there are nefarious things that investors do to screw with valuations and the success of platforms. I would sumbit that the DAO profiteer probably had it in for the whole Ethereum ecosystem, but thats a topic for another discussion.

I would say that respect to you for raising all this as a topic as it is necessary part of the eveolution of the community. I just hope we can sort it out before some bureacrat does and then it sucks for everyone.

I love how you are able to look through and see what I am getting at but how will you enforce such a manifesto ?
Through code  ? What if the code is broken ? (eg: DAO )
It'll have to be a mix of of tech  / regulatory procedures in order to ensure the best interest of everyone involved.
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