31–40 of 107 posts
Why do so many cryptocurrency projects seem so meta? Platforms for creating platforms, coins for creating coins.
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.
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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.
Anyone and their dog can start an ICO with nothing but a website filled with fluff and bullcrap.
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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.
the online gambling market is adopting bitcoin, or do you prefer cashing checks from Taiwan?
Unless you're doing some illegal (e.g. money laundering), there's no need and zero add for cryptocurrency for gambling. I don't need a distributed ledger with block consensus and wasting power computation to carry out a merchangt transaction.
Volatility in cryptocurrency-based securities? I am shocked, shocked.
Should I base my views of fiat currency from things like the 79.6 billion percent hyperinflation in Zimbabwe?
Neither is inherently volatile. Both can be, but it isn't a built-in trait of fiat or cryptocurrency.
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the online gambling market is adopting bitcoin, or do you prefer cashing checks from Taiwan?
Not sure I'd equate online gambling with legitimate (legal) use case. Even still if legal for use in given location (territory) why not leverage credit card or paypal? Unless you're doing some illegal (e.g. money laundering), there's no need and zero add for cryptocurrency for gambling. I don't need a distributed ledger with block consensus and wasting power computation to carry out a merchangt transaction.
Why do so many cryptocurrency projects seem so meta? Platforms for creating platforms, coins for creating coins.
Easier to sell to people trying to make a quick buck than doing something concrete that is directly useful. Why sell even shovels directly at the goldrush when you can manufacture the shovels...
I'm, ah, seeking investors.
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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'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".