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Now you just need to do an ICO for a "CoinCoin" that automates ICOs.
Recursico. It's ICOs all the way down.
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And just like I said, I'm sure all the neckbeards from the 70's and 80's felt the same way about the Internet and shit like Geocities and pets.com. But hey, I'm sure it's "different" this time, right? You're right and everyone in the crypto space is wrong.
> And just like I said, I'm sure all the neckbeards from the 70's and 80's felt the same way about the Internet and shit like Geocities and pets.com. But they weren't wrong. Geocities and Pets.com died without making very much money. The giants of the Internet were Search Engines, Online Shopping, Video Sharing, and Social Networks. The giants of "Blockchain" probably either in awful, primodial form (ie: Pets.com was…
For example, how many would have predicted the rise of small, fairly low-tech, text search ads as the multi-billion dollar revenue linchpin for all global search.
Similarly, whatever the core long-term value of crypto-currencies will be, it probably hasn't been truly understood yet.
Most of these ICOs are similar to the period before the dotcom crash when simply adding .com to the name of a failing business was enough to lift it's stock value. Anyone else remember that or can give an example?
Whatever rises from the rubble of this cryptocurrency bubble bursting is what will no doubt be most interesting and what will no doubt end up being truly world changing.
Looking forward to the middle/end-game.
This might as well be a scam created by the CEO himself. I mean, who in this 'crypto world' would be stupid enough to use the same, previously compromised, password on all his accounts? P.S. there was a story on reddit (can't find it now unfortunately) about how the attackers tried to deposit the money to Bittrex but luckily someone alerted them and the exchange froze the account. So there is still some hope that fun…
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I wonder if this is what the curmudgeons from the 70's and 80's sounded like during the web 1.0 boom of the mid-to-late 90's
Here you go, from 1995: http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... Note that most of his predictions did come true for a while and then were later falsified; many dotcoms learned that "being early is the same as wrong" the hard way.
1. Usenet is garbage: CORRECT although it was better in the early days. This seems to be a general trend with all comment/message board systems, they rapidly lose value when they breach a certain size, although some including our dear HN have survived for quite some time.
2. Downloading books won't happen: WRONG. Paper isn't going anywhere but ebooks are an unqualified success at this point, largely because (unlike at the time) we can carry our computers anywhere now.
3. The Internet is a wasteland of unfiltered data: CORRECT for now. Interestingly, there was a golden age of Google and Wikipedia that would have made this statement look false but now we've regressed back to fake news, social feeds, and personalized search results.
4. The internet will not be useful for governing: CORRECT for the most part.
5. Computers won't help schools: CORRECT for the most part.
6. "Cyberbusiness" will fail because the world needs salespeople: LOLZ.
I'm not going to try to break down the final paragraph. I think some of these will still improve in the longer run but 22 years later, I'm still giving him 4 out of 6 here.
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Could I invest in your course academy via some sort of ICO?
Coursecoin is going to change the academic world altogether. The combination of a distributed ledger algorithm with online academia opens up a world of education to people who otherwise could not afford it. Student loans are out of control, but with course coin, the students earn their tuition by mining coins. All the overhead of an academic institution is distributed over a wide array of systems that are responsible…
> Send your donation or investment money to coursecoin@gmail.com (seriously, please don't.)
On many of those same forums, I expect people would be sending money anyway, and justifying it by saying that "they have to say the seriously please don't part to avoid the SEC, but they don't mean it".
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> who in this 'crypto world' would be stupid enough Never attribute to malice what can be explained by stupidity, and never underestimate just how stupid a person can be.
Honestly, I tried really hard to attribute this to stupidity. But this level of stupidity and negligence is really beyond my understanding.
It wouldn't take more than a couple hours of skimming to completely recalibrate your expectations.
this seems useless
As with most things security, people tend to be the weakest link in the chain. This type of issue could be solved in a lot of ways. I think a solution wherein: 1. ICOs use a standard 'escrow' contract wherein ether and coin get held by the contract for 7 days or so before either party can withdraw the opposite pair (where either can back out). 2. Building some standard 'ether address' widget that verifies the type of…
That wouldn't solve this problem. Did you read the article? The ICO investors were tricked.
Initial Clown Outwitting
The term "investor" in relation to ICOs could be replaced with the term "mark", and the whole thing would be a lot more accurate.
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The hoarding problem source: https://www.forbes.com/sites/francescoppola/2017/07/26/the-f...
That's one person's opinion and prediction of the future, the same as yours. It is not proof or even evidence of anything. Cryptocurrencies literally work right now. People that keep saying a currency that doesn't have a central authority leeching off of it by printing more and using it however they want perplex me. If all else was equal, would you choose to put your money in a currency that continues to be worth les…