I am sure real, legitimate ICOs must exist, but I have yet to find one. Can anyone point to one that they strongly believe is legitimate?
Ycombinator has invested in a few, including Request Network: https://request.network
Facebook is banning all ads promoting cryptocurrencies
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Re: Facebook is banning all ads promoting cryptocurrencies
#102these news sent the bitcoin charts below the magical $10000, a second time after the "crash that wasn't", two weeks ago will we finally see a real dramatic crash, or will it just fade away? as much as I feel sorry for those that were duped, some part of me is urging for the drama.
> will we finally see a real dramatic crash, or will it just fade away? Aside from global prohibition there's not much that would destroy the value that's created by this novel tool. Even then it would still have some residual value.
I think that a global carbon emissons tax would do the trick.
Re: Facebook is banning all ads promoting cryptocurrencies
#103The first ad I saw for Crypto was an ad for Bitmain -- it flashed through my ad blocker enough for me to turn off the blocker to see it. It was Bitmain, advertising a miner back in stock. Clicked it, saw it in stock, then thankfully went back to the fb comments to see someone mention it was a Punycode domain -- was a complete phishing site. There was an 'a' that was actually some other glyph that had a small, nearly…
You have pretty garbage ad blocker if it loads the ad then hides it instead of just never wasting resources to load the ad in the first place.
Some blockers are specifically created like that. Their rational is a combination of letting the website owners (who embedded the ads) get their money and hiding that they're using a blocker.
Re: Facebook is banning all ads promoting cryptocurrencies
#104Earlier quoted context omitted.
> Do they expect people to land on those pages and drop money without reading anything? Huh? I assume those are just aimed at people who speak/read the language.
Sorry, forgot to add that I don't know any Chinese and I don't have any reason to believe that Facebook thinks that.
Maybe there's another option the creators selected that they think correlates to reading Chinese. Maybe they went for some pan-Asian option. "Uh, anyone who reads Chinese, Korean, Japanese is probably fine".
Re: Facebook is banning all ads promoting cryptocurrencies
#105Earlier quoted context omitted.
The key difference being that the intrinsic use of gold is proven by thousands of years of use and a current robust market in the $100 billion/year range [1], while the "intrinsic value" of Bitcoin has no historical track record and approximately $0 current demand. An important second difference is that creating a replacement for the intrinsic value of gold is somewhere between difficult and impossible, whereas it ap…
after all these hundreds of comments about bitcoin this is by far the best explanation why it is (asymptotically) worthless
Couple that with (asymptotically) infinite energy demand just to support the network...
Re: Facebook is banning all ads promoting cryptocurrencies
#106...but they're totally OK with political ads paid in rubles. Fuck Facebook.
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Re: Facebook is banning all ads promoting cryptocurrencies
#107Earlier quoted context omitted.
sorry -- bat was a scam. https://medium.com/the-bitcoin-podcast-blog/a-look-at-the-ba...
What is your definition of a scam?
Selling a large slice of the tokens to a small group of specific investors, such that they obtain a much larger price when these are listed. Because they were in so few holders from day0, and the 'auction' closed so quickly, price discovery entirely up to small group of 'investors'. Its birthing shark whales to steal from the little people.
This was back before the real real ICO scams, so it looks pure in comparison. 2017, what a year!
Re: Facebook is banning all ads promoting cryptocurrencies
#108This is weird to me. Does Facebook currently ban advertisements for commodities like gold? If no, then what's the difference between advertising for bitcoin and advertising for gold?
> Does Facebook currently ban advertisements for commodities like gold? I don't think the problem is Bitcoin per se as much as the rancid industry of scams and frauds pumping and dumping alt coins and ICOs.
just like they banned political ads in the past election...
Re: Facebook is banning all ads promoting cryptocurrencies
#109Earlier quoted context omitted.
building one now, called Ethertain will be publishing details in a week or two on http://www.ethertain.org/ not a social network though - more like "paypal for video", where you can send/request content, with proper verification
So... it's not what the OP was talking about all, then?
I was responding to the "reward users for sharing content ... and attention" part, just not as a social network. Those already have been established (one could argue YouTube is a good functional example of that), I don't anticipate much innovation happening there.
But, the concept of content value, no matter where it resides, intrigues me.
Re: Facebook is banning all ads promoting cryptocurrencies
#110Earlier quoted context omitted.
I hear what you're saying, but am compelled to ask: what intrinsic value does gold have?
Gold is shiny, stable (chemically and nuclearly), heavy (harder to fake by coating a facsimile), and rare. It's not "useful" per se (outside niche applications), but it definitely has a certain intrinsic suitability as currency.
Also, if all goes to shit, a bar of gold can still be used to club someone to death and take their supplies.
Compare with bitcoin, which has no physical form and is only usable in context of present economy of technological civilization.