Thoughts on Tokens
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Thoughts on Tokens
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Re: Thoughts on Tokens
#2Beyond buying some Bitcoin and Ethereum, is there anything else a prospective investor should do?
Re: Thoughts on Tokens
#3Beyond buying some Bitcoin and Ethereum, is there anything else a prospective investor should do?
Tokens in organizations that you think may succeed? I'm not particularly clear on details, i.e. how would you know whether a company is succeeding vs. just being a speculator's toy.
Re: Thoughts on Tokens
#4I think it's safe to say that the entire market is currently being driven by speculation. If it had a volatility index, it would be through the roof.
Re: Thoughts on Tokens
#5Beyond buying some Bitcoin and Ethereum, is there anything else a prospective investor should do?
Tokens in organizations that you think may succeed? I'm not particularly clear on details, i.e. how would you know whether a company is succeeding vs. just being a speculator's toy.
Ideally the organization itself should:
a) be fully built on distributed technologies, if that's not the case, this is a clear red flag as it gives too much control to the founders to screw it. Ether+Web3.js+IPFS is a good combo. Proper voting/execution system for members is also a must IMO but very few actually have it.
b) have a clear incentives model in place (built in smart contracts which code you should be able to inspect), meaning both initial users/contributors get increased value from participating and long-term growth can be achieved.
c) solve a real problem, obviously. There're some existing models that can be disrupted as well as some of the more futuristic things like prediction markets, distributed clouds, etc.
All of that should be explained in their whitepaper. That said, we're in a sort of 1999 situation right now so expect it to correct short-term. Also there's a lot of scammy projects now, so do your due diligence.
Re: Thoughts on Tokens
#6This definitely feels like a bubble. But if anyone is interested in investing in some potentially cool tokens and projects, I personally think the most interesting ones are:
1. Tezos (not part of ethereum ecosystem) 2. Golem (part of ethereum) 3. Litecoin (they are pioneering the lightning + SegWit protocol first, before BTC, the price could rise dramatically if it's a success) 4. Dogecoin (this one is just fun and has been a cult classic since it came out, don't recommend anyone buying, just fun to add it to the list, much wow)
Disclaimer: I own no position in the above nor am I affiliated with any of them. These are just my opinions.
Re: Thoughts on Tokens
#7This definitely feels like a bubble. But if anyone is interested in investing in some potentially cool tokens and projects, I personally think the most interesting ones are: 1. Tezos (not part of ethereum ecosystem) 2. Golem (part of ethereum) 3. Litecoin (they are pioneering the lightning + SegWit protocol first, before BTC, the price could rise dramatically if it's a success) 4. Dogecoin (this one is just fun and h…
Any thoughts on Augur/Gnosis? Those have a real use case in my opinion.
Re: Thoughts on Tokens
#8This definitely feels like a bubble. But if anyone is interested in investing in some potentially cool tokens and projects, I personally think the most interesting ones are: 1. Tezos (not part of ethereum ecosystem) 2. Golem (part of ethereum) 3. Litecoin (they are pioneering the lightning + SegWit protocol first, before BTC, the price could rise dramatically if it's a success) 4. Dogecoin (this one is just fun and h…
Any thoughts on Augur/Gnosis? Those have a real use case in my opinion.
Are those just prediction markets or is there something else to them? I remember there was a site called TradeSports everyone was excited about in the early 2000s. It's problem was that there was very little liquidity for any bet other than presidential elections and the Super Bowl.
Re: Thoughts on Tokens
#9I'm 100% bullish on tokens backing great projects and awesome people. I'm going to help bring to light some quality uses of them by both people and organizations.
Re: Thoughts on Tokens
#10Earlier quoted context omitted.
Any thoughts on Augur/Gnosis? Those have a real use case in my opinion.
Are those just prediction markets or is there something else to them? I remember there was a site called TradeSports everyone was excited about in the early 2000s. It's problem was that there was very little liquidity for any bet other than presidential elections and the Super Bowl.
Why is low liquidity a problem? As long as there is someone betting for and someone against an outcome, a prediction market is successful, right?