Easiest Path to Riches on the Web? An Initial Coin Offering
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Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#2Except that soon, the proliferation of cryptocurrencies will reduce the value of such ICOs.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#3> made it easier than ever for entrepreneurs to raise large sums of money without dealing with the hassles of regulators, investor protections or accountants.
Umm no easier than raising funds for any other venture, in fact probably more difficult and I would think a lot of that money is coming from people who were already made rich by other coin like bitcoin. Easy come, easy go, but enjoy the gravy train while you are riding it.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#4I'm sorry but this is so absurd. They are doing the equivalent of printing their own monopoly money in the garage and then selling it for real currency... dollars.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#5> made it easier than ever for entrepreneurs to raise large sums of money without dealing with the hassles of regulators, investor protections or accountants. Umm no easier than raising funds for any other venture, in fact probably more difficult and I would think a lot of that money is coming from people who were already made rich by other coin like bitcoin. Easy come, easy go, but enjoy the gravy train while you ar…
There are programs that generate the tokens for you, templates for promotional websites, companies that specialize in shilling, pump groups that help for a cut. You don't have to do much but invent a name and write a nonsense "white paper" (pet supplies on the blockchain). Best of all, you can remain anonymous.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#6> made it easier than ever for entrepreneurs to raise large sums of money without dealing with the hassles of regulators, investor protections or accountants. Umm no easier than raising funds for any other venture, in fact probably more difficult and I would think a lot of that money is coming from people who were already made rich by other coin like bitcoin. Easy come, easy go, but enjoy the gravy train while you ar…
>in fact probably more difficult and I would think a lot of that money is coming from people who were already made rich by other coin like bitcoin.
That's why it is easier. You have a bunch of gamblers who have gotten lucky on one bet thinking they are now master investors. They have seen a few ICOs pop so they are willing to take a punt on any that come through pretty much even if it makes no sense.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#7> made it easier than ever for entrepreneurs to raise large sums of money without dealing with the hassles of regulators, investor protections or accountants. Umm no easier than raising funds for any other venture, in fact probably more difficult and I would think a lot of that money is coming from people who were already made rich by other coin like bitcoin. Easy come, easy go, but enjoy the gravy train while you ar…
There are programs that generate the tokens for you, templates for promotional websites, companies that specialize in shilling, pump groups that help for a cut. You don't have to do much but invent a name and write a nonsense "white paper" (pet supplies on the blockchain). Best of all, you can remain anonymous.
Can you link to such programs, templates, companies? I'm interested to research and have a good chuckle.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#8I'm sorry but this is so absurd. They are doing the equivalent of printing their own monopoly money in the garage and then selling it for real currency... dollars.
"A fool and his money are soon parted"
Sounds fitting, huh?
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#9these things are strike me as greater-fool schemes. everyone hops on thinking they are probably ahead of the curve, and most of them are suckers. what a funny game- the skill is knowing how many other people will go for it.
Re: Easiest Path to Riches on the Web? An Initial Coin Offering
#10Does anyone think these cryptocoins will hold value during, in, and through the next recession?