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Bancor has lost more than half its value since June ICO

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Re: Bancor has lost more than half its value since June ICO

#11

Earlier quoted context omitted.

Just because some ICOs can be scams is no reason to write off the entire concept as a scam.

The entire concept is a multi level marketing scheme.

No, not all of it. It only appears that way before looking into it more.

Re: Bancor has lost more than half its value since June ICO

#12
post #6

Why not name the coin in the title? Bancor.

In this case the more general title is superior. I, for example, had never heard of bancor so wouldn't have clicked on the article.

I mean, you could write "Bancor, One of the Most High-Profile Initial Coin Offerings, Has Crashed 50%"

Then it's informative to readers who know what Bancor is and those who don't.

Re: Bancor has lost more than half its value since June ICO

#13
Ehh, my 3d printing stock fell to about 10% of its value. It happens in every market - just make sure you are diversified... especially if you are investing in high risk markets.

Edit: I'm probably getting downvoted because I'm comparing IPOs to ICOs. They are significantly different and everyone should beware of scams.

Re: Bancor has lost more than half its value since June ICO

#14
post #5

I'm sure Bancor couldn't care less about their token price collapsing. They've already got all of the "investors'" money. In fact, they could just walk away right now instead of carrying on developing the system. The brave new world of ICOs offers no protection against companies failing to follow through on their ICO roadmap. Maybe Bancor could use the token collapse as an excuse to quit now?

The SEC might say otherwise. There are plenty of civil and criminal options for recourse if they simply "walk away".

Re: Bancor has lost more than half its value since June ICO

#16

Earlier quoted context omitted.

The entire concept is a multi level marketing scheme.

And this reductive reasoning can be applied to the stock market or for that matter any cryptocurrency - that doesn't make it right.

No, when I buy stock the company has obligations to me as a shareholder. There is nothing but disclaimers if I buy into an ICO.

Re: Bancor has lost more than half its value since June ICO

#17
post #15

Why do so many cryptocurrency projects seem so meta? Platforms for creating platforms, coins for creating coins.

Because that's where the money will be. Being a piece of the infrastructure means you don't have to care about how particular coins are behaving, as long as the market as a whole is moving up so are you.

Re: Bancor has lost more than half its value since June ICO

#18

Earlier quoted context omitted.

The entire concept is a multi level marketing scheme.

No, not all of it. It only appears that way before looking into it more.

Would love to hear more on legitimate use cases for blockchain (not being sarcastic) that cannot already be solved by centralized database, merkle trees and/or public key encryption.

Re: Bancor has lost more than half its value since June ICO

#19

Earlier quoted context omitted.

The entire concept is a multi level marketing scheme.

No, not all of it. It only appears that way before looking into it more.

That's exactly the level of plausible deniability they need, so people like you come to the comments defending them. I promise you 0% of these coins will be a thing 10 years out. I'll put money on that.

Re: Bancor has lost more than half its value since June ICO

#20
post #18

Earlier quoted context omitted.

No, not all of it. It only appears that way before looking into it more.

Would love to hear more on legitimate use cases for blockchain (not being sarcastic) that cannot already be solved by centralized database, merkle trees and/or public key encryption.

I think they meant that concept behind an ICO are a scam not that blockchain is.
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