Another ponzi pumping article on HN
Thoughts on Tokens
21–30 of 85 posts
Re: Thoughts on Tokens
#22Beyond buying some Bitcoin and Ethereum, is there anything else a prospective investor should do?
Have knowledge asynchronous from the market. If you're asking here you don't, so don't trade.
Re: Thoughts on Tokens
#23Another ponzi pumping article on HN
At least its happening here in the form of blog posts and not in a retirement home with phones ringing off the hook.
Re: Thoughts on Tokens
#24Re: Thoughts on Tokens
#25Beyond 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.
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Re: Thoughts on Tokens
#26To me the two most provocative points made in this essay are that tokens could be used to fund open source projects and that tokens could be used to distribute some of the value in large successful internet companies like Google & FB to early adopters. I don't see how this would work though.
I buy a token for some random open source project (say a unit testing library because they link to one as an example). And then what?
Or I buy a token in a new social network that eventually becomes very popular. What does that get me?
They don't connect the dots on these ideas at all & I really wish they did. As it is it sounds like they're trying to gloss over something that doesn't really make sense when you try to think it all the way through.
Re: Thoughts on Tokens
#27Shameless plug, I've written an extensive article on "how to handle your bitcoin investments in 2017", and I feel it answers many of the questions raised here, mostly about whether investing in crypto (BTC or else) makes sense, and how: https://medium.com/simone-brunozzi/how-to-handle-your-bitcoi...
Re: Thoughts on Tokens
#28To me the two most provocative points made in this essay are that tokens could be used to fund open source projects and that tokens could be used to distribute some of the value in large successful internet companies like Google & FB to early adopters. I don't see how this would work though. I buy a token for some random open source project (say a unit testing library because they link to one as an example). And then…
Like all currencies and alike, they have to be exchangeable in order to be of any value.
Re: Thoughts on Tokens
#29To me the two most provocative points made in this essay are that tokens could be used to fund open source projects and that tokens could be used to distribute some of the value in large successful internet companies like Google & FB to early adopters. I don't see how this would work though. I buy a token for some random open source project (say a unit testing library because they link to one as an example). And then…
You can raise money by crowdsourcing without having to raise a single USD ever, fill forms, go through regulators and banks etc. It's not that you offer redeemable tokens. You just create a token and people buy it. Then you have money. That's how it works for at the moment.
Re: Thoughts on Tokens
#30To me the two most provocative points made in this essay are that tokens could be used to fund open source projects and that tokens could be used to distribute some of the value in large successful internet companies like Google & FB to early adopters. I don't see how this would work though. I buy a token for some random open source project (say a unit testing library because they link to one as an example). And then…
I think the idea is that people have to spend the tokens to use the network and thus they buy tokens from early adopters. https://coincenter.org/entry/what-are-appcoins