Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Bancor has lost more than half its value since June ICO

bloomberg.com

Post reply on HN
Print view View original

71–80 of 107 posts

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

#71

Post by tradersam »

sebleon wrote: post #45
tibbon wrote: post #36

Earlier quoted context omitted.

Compared to volatility in fiat currencies? I (perhaps incorrectly) assume you live in a relatively stable and developed nation that hasn't seen hyperinflation? 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.

In most of the developing world, hyperinflation is rare too.

Not really. Zimbabwe, Yugoslavia, Hungary, China (1945). It's not rampant, but it's not rare.

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

#72

Post by tedeh »

rublev wrote: post #19
whataretensors wrote: post #11

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.

Could we express this wager as a smart contract perhaps?

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

#75

Post by bdcravens »

craftyguy wrote: post #73
bdcravens wrote: post #64

Earlier quoted context omitted.

Bring US charges. How hard they pursue extradition is the real question.

Is there a precedent of the SEC causing extradition?

Given Bancor is in Israel, this case is interesting:

http://www.reuters.com/article/us-israel-fraud/israel-approv...

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

#76

Post by [deleted] »

tedeh wrote: post #72
rublev wrote: post #19

Earlier quoted context omitted.

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.

Could we express this wager as a smart contract perhaps?

[deleted]

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

#78

Post by frakr »

velcro wrote: post #49

ICOs are more akin to angel/VC rounds than IPOs - you often invest in a idea thats still not fully developed and might need 1-2 years to come out on the market. The huge difference to traditional investing is that shares/tokens are immediately tradable and small(ish) crypto investors have 0 patience to wait those 1-2 years so they often sell early and crash the price to go looking for another get-rich scheme. Thats a…

Or pink sheet stock trading. Watch the film Boiler Room.

http://www.investopedia.com/terms/p/pinksheets.asp

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

#79

Post by dguaraglia »

random_rr wrote: post #60
s17n wrote: post #58

Earlier quoted context omitted.

There are reasons to write off the entire concept, though. Tokens are a stupid idea - universality is the whole point of currency. And it's pretty obvious that everybody who is promoting an ICO is doing it cause it's easy money (compared to more traditional means of raising capital), even if they are actually planning to build the product that they say they are. As a general rule of thumb, any Ethereum contract that…

Yeah, universality is the whole point of currency. That's definitely why every holiday season, millions of people buy gift cards to people's favorite stores. Please.

This... this has nothing to do with universality :/

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

#80

Post by 55555 »

emmab wrote: post #15

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

Because when you think hard enough about it, you can basically only build 'derivative' projects unless you want to use oracles/third party data. Smart contracts are a meme.
Post reply on HN