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Topic: Should IPOs be banned from the site? Poll - page 4. (Read 6755 times)

legendary
Activity: 1260
Merit: 1000
February 19, 2014, 10:06:21 AM
#71
Who are you really ? you joined the board in December when Bitcoin was like 1200$ and you sounded like Bitcointalk GOD looking down upon new users. Stop the non-sense.

How are those 100 Bitcoins from that IPO scam treating you?

!% premine - a few disgruntled complainers, not many people making a big deal

2% premine - immediate accusations of scamcoin

3% premine - only a true scammer like Wolong could possibly attempt such a thing

100% premine then charge you for the coin - the scam is now so large, the human brain is unable to comprehend it as a scam.
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
February 19, 2014, 09:58:50 AM
#70
IPO = FIAT.

Period.

What does that even mean?

it means he wants to pre-sell you small European cars, I think, at a pre-agreed price.

I wouldn't fall for it, i'm not sure they are that good quality cars anyhow. 
sr. member
Activity: 602
Merit: 268
Internet of Value
February 19, 2014, 08:52:46 AM
#69
If you don't like them fine.

This is one of the things wrong with the world. For some reason people want to force everyone else to follow their beliefs because they think they have a foolproof reason why they are correct. This so insane to me. It doesn't matter how great your reason is, it DOES NOT translate to forcing others to adopt it.

Do what you want, but leave me alone. I'm so sick of people like you in the world!!!

All someone has to do is click your post history to see you're an NXT/NEM shill.  You joined the forum this month and start shilling for NXT/NEM your first day posting?  Is this a joke?  I can't read a single thread on this forum without seeing an avalanche of NXT or Quarktard shills.

The argument you use is ridiculous, it means people should be able to post spam ads for bass fishing boats on the forum because booting them out is preventing them from "following their beliefs".  Maybe I can call up some people and we can get a team selling Evinrude outboard motors to people in every thread.  I'm sure everyone will love that.  Maybe some other people can sell stolen credit cards to go along with the IPO scams too.  Stolen credit cards are an alternative currency, right?

This is a privately run website, that's what the free market and freedom is, being able to do whatever you want on your privately run website.  If they want to boot the scamsters out, that's their choice, if they want to let people start The Federal Reserve 2.0 on this site, that's their choice too.


Who are you really ? you joined the board in December when Bitcoin was like 1200$ and you sounded like Bitcointalk GOD looking down upon new users. Stop the non-sense.
legendary
Activity: 1260
Merit: 1000
February 19, 2014, 08:06:09 AM
#68
If you don't like them fine.

This is one of the things wrong with the world. For some reason people want to force everyone else to follow their beliefs because they think they have a foolproof reason why they are correct. This so insane to me. It doesn't matter how great your reason is, it DOES NOT translate to forcing others to adopt it.

Do what you want, but leave me alone. I'm so sick of people like you in the world!!!

All someone has to do is click your post history to see you're an NXT/NEM shill.  You joined the forum this month and start shilling for NXT/NEM your first day posting?  Is this a joke?  I can't read a single thread on this forum without seeing an avalanche of NXT or Quark shills.

The argument you use is ridiculous, it means people should be able to post spam ads for bass fishing boats on the forum because booting them out is preventing them from "following their beliefs".  Maybe I can call up some people and we can get a team selling Evinrude outboard motors to people in every thread.  I'm sure everyone will love that.  Maybe some other people can sell stolen credit cards to go along with the IPO scams too.  Stolen credit cards are an alternative currency, right?

This is a privately run website, that's what the free market and freedom is, being able to do whatever you want on your privately run website.  If they want to boot the scamsters out, that's their choice, if they want to let people start The Federal Reserve 2.0 on this site, that's their choice too.
legendary
Activity: 1204
Merit: 1000
to your stations, man the pineapples!!!
February 19, 2014, 07:35:58 AM
#67
if most IPO's are managed for mainly dev benefit, does that make all IPO's bad ?

what is that actually makes an IPO good or bad ?
full member
Activity: 279
Merit: 100
February 19, 2014, 06:40:10 AM
#66
If you don't like them fine.

This is one of the things wrong with the world. For some reason people want to force everyone else to follow their beliefs because they think they have a foolproof reason why they are correct. This so insane to me. It doesn't matter how great your reason is, it DOES NOT translate to forcing others to adopt it.

Do what you want, but leave me alone. I'm so sick of people like you in the world!!!
sr. member
Activity: 308
Merit: 251
Giga
February 19, 2014, 02:47:35 AM
#65
i disagree, i think IPOs are fine. Without them we won't have a chance to invest in great Innovative ideas like Nxt, eMunie, Ethereum and Bitshares.

Ix
full member
Activity: 218
Merit: 128
February 19, 2014, 02:31:40 AM
#64
Next, the developers tend to try and hide all the code and not make anything open source for these IPO coins.  After enough community outrage, some release it, others will resist and eventually navigate cryptocurrency to a closed source model.  This is another huge negative of the IPO scheme that I didn't even mention in the original post.  Bitcoin is supposed to be an open source model.

If you don't start banning these clowns from trying to sell their IPO scams on the website, while trying to profit off something that's supposed to be open source,

You keep saying open source, but Satoshi released Bitcoin with the MIT license and ergo anyone is free to modify and distribute closed source derivatives barring other licensing concerns. So, while I do agree with the heart of what you're saying, this is not a good argument to back it up with. However, no one should be going anywhere near IPOs with little to no evidence of any actual design let alone code.
sr. member
Activity: 420
Merit: 250
Kamehameha!!!
February 19, 2014, 01:31:29 AM
#63
You know if people weren't interested in investing or chancing on an IPO their thread would slide away down the forum in minutes. let people do what they want. Most people who want this kind of control tend to be anal retentive and painfully controlling people on real life.
member
Activity: 81
Merit: 1002
It was only the wind.
February 19, 2014, 12:00:46 AM
#62
IPO = FIAT.

Period.

What does that even mean?

It means that it's pretty close to the system we have already. Print money, and loan it out at interest to people. Except they're just outright selling the printed money for something actually valuable.
newbie
Activity: 9
Merit: 0
February 19, 2014, 12:30:43 AM
#62
Voted no. I'm more of a Laissez-faire kind of person. Let the market reign, and if you think an IPO is 'scammy', just don't invest in it. Or, better yet, ask the developers for more information so that you can make a reasonably well-informed decision. I definitely don't think it's our place, though, to tell other people what investments (including IPOs) should or should not be advertised in this forum. Give everyone a fair chance to seek funds for a proposed crypto-project, and people will make their own decisions about whether that project merits funding. Of course, the caveat emptor principle still reigns supreme.
sr. member
Activity: 350
Merit: 250
Bitcoin Evengelist
February 19, 2014, 12:08:33 AM
#61
In the real world (I guess we are still in the real world on this forum), the entity who is closest to the creation of the money supply in the fractional reserve, fiat system benefits the most.  In other words, central bankers issue currency for profit.  People who establish IPOs and advertise for investment on the forum, are in effect, recreating the exact same system Bitcoin was designed to defeat.  Some might argue there's a difference because the systems are Austrian in nature, and not Keynesian, but there's really nothing that prevents them from using either method, so the difference is non-existent.

The normal Bitcoin protocol was not designed to be issued for profit, or to have a central issuing authority.  It was designed to be a trust free system where others work to acquire it through mining, and for any reward to be independent of the creator.  If one acknowledges the previous points as fact, you can clearly see that any IPO has absolutely no place on the forum in the context of money supply creation.  It is an evolution backwards in the technical domain of distribution, and in the ethics domain of corruption issues.

What's that you say?  You claim 100% proof of stake systems have benefits?  If you believe proof of stake is superior for coin dynamics and security, there's no reason you can't release a coin that uses normal PoW for distribution, then utilizes PoS entirely once all coins are mined.  The idea that an IPO is actually required to make 100% proof of stake work is an outright lie.  The term PoW/PoS hybrid exists for a reason and has already been accomplished.  If you wanted to be extremely lazy and have a proof of stake client entirely separate from the PoW client, you could always release a crap coin clone, have people mine it, then trade units of the crap coin for shares in the 100% PoS client coin.  Where does the need for an IPO fit into this anywhere?  It doesn't.  They should be banned.

Who are you? Bitcoin Police?
legendary
Activity: 1260
Merit: 1000
February 18, 2014, 11:34:58 PM
#60
More scamcoins on the horizon, need more votes.
hero member
Activity: 518
Merit: 500
February 04, 2014, 04:51:29 AM
#59
IPO = FIAT.

Period.

What does that even mean?
legendary
Activity: 1260
Merit: 1000
February 03, 2014, 12:24:28 PM
#58
POW not safe,dirty and wasteful yawn

Ok, let's hypothetically assume everyone agrees with you.  You did nothing to counter my premise in the original post that an IPO is not actually needed to run a proof of stake coin.  It can be considered as nothing more than a money grab.  Even if you only ran PoW distribution for your PoS coin, for a single year, Quarkcoin style, it would still be light years better than what NXT did.

Imagine if NXT becomes the #1 coin?  We already had a book detailing the creation of the Federal Reserve entitled, "The Creature from Jekyll Island".  The book details a handful of bankers sitting down to create a money supply instantly, out of thin air, for personal gain.  You could write the exact same book about NXT IPO if it succeeded.
hero member
Activity: 714
Merit: 500
February 03, 2014, 12:20:33 PM
#57
Predictably, most votes are against IPO.  The biggest flaw of the poll is people don't have to disclose being NXT bagholders in order to vote.  The no vote distribution is eerily similar to total NXT founding numbers as well so far haha.
POW not safe,dirty and wasteful yawn
legendary
Activity: 1260
Merit: 1000
February 03, 2014, 12:19:31 PM
#56
Predictably, most votes are against IPO.  The biggest flaw of the poll is that people don't have to disclose being NXT bagholders in order to vote.
sr. member
Activity: 297
Merit: 251
Founder, Filmmaker, Fun Guy
February 03, 2014, 12:15:39 PM
#55
Does anyone have a list of coins that have IPO'd on the site already?
sr. member
Activity: 616
Merit: 250
February 02, 2014, 07:57:41 PM
#54
Caveat emptor - let the buyer beware


 Some, even most of us, have yet to fall victim to these types of unethical IPO's.

 Why should anyone have to defend anyone else from themselves?

 After all, no one can save a fool from themselves.

 In other words: Caveat emptor - let the buyer beware


 As for the notion of bans; okay then, Let's exterminate all the useless eaters and be done with it.
Starting with those that we strongly don't agree with. right?

 In other words it's a very slippery slope. And although personally I would like nothing more than
to see the banksters and many on wall street and in the City of London given the death penalty
I will settle for clawing back all their ill gotten gains, and bailouts, and them serving life in a
work prision from the rest of their evil, rotten lives. Hence banning them from ever again doing
harm to others. But it may still be a while before enough folks scream out "Off with their evil,
rotten, dirty, slimy heads".

 Bans? Where shall we draw that invisible line? At pure PoS crypto that are merely IPO's? Because
some might be frauds?

 So we need the Crypto-Currency Police?

 So do we also need financial police and monitors throughout the entire finance sector protecting
every fool from themselves?

 Many understand the OP's points, and rational. But to ban something that isn't even known to
be fraudulent is quite a reach. Rather than that how about the death penalty for possession of
alcohol since it is in fact a deadly poison that also kills tens of thousand of innocent bystanders
each and every year. And after that we can write a much longer list in a vain attempt to legislate
morality.

 I think not. And no one can save any fools from themselves. Maybe some reflection on the matter
will help one realize that no matter what, a fool and their money is soon parted. Just like the fact
that there really is a sucker born every second or so.

 Hence, once again why I sign my posts the way I do. (to repeatedly remind reader to beware).

 And if we are going ban certain types then let's first ban the very one's that brought many of us
including Satoshi to this very place! By hanging them by the neck, till dead. In public, a dawn,
the very day after their speedy convictions.


Caveat emptor - let the buyer beware
sr. member
Activity: 420
Merit: 263
let's make a deal.
February 02, 2014, 02:01:03 AM
#53
I'd treat them more seriously if there wasn't a new one every 2 days.
WE NEED MORE IPOs!
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