21–30 of 107 posts
Why do so many cryptocurrency projects seem so meta? Platforms for creating platforms, coins for creating coins.
The Bancor protocol enables built-in price discovery and a liquidity mechanism for tokens on smart contract blockchains
Talk about buzzwords and mumbo jumbo.
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".
What? This is like every shit coin. Tons of them tank to near zero and deflate. Anyone who thinks these coins are legitimate are fooling themselves. They are built with one core requirement, do just enough to differentiate from other coins, pump it, get out. The average person can't understand 99% of the specs of these coins, it's all speculation. The whole thing is a ponzi scheme.
Just because some ICOs can be scams is no reason to write off the entire concept as a scam.
Earlier quoted context omitted.
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.
Why do so many cryptocurrency projects seem so meta? Platforms for creating platforms, coins for creating coins.
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
The SEC might say otherwise. There are plenty of civil and criminal options for recourse if they simply "walk away".
They're based in Israel, though. What does the Israeli SEC say about that?
https://www.timesofisrael.com/the-wolves-of-tel-aviv-israels...
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.
Earlier quoted context omitted.
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.