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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?
these 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 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?
Ethereum seems legit. For modern answers: WTC, SNM are two that I like
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That's still not an intrinsic value: it's a consensus value. Intrinsic value is the value it has even if it is not thought of as a currency or unit of trade.
> Intrinsic value is the value it has even if it is not thought of as a currency or unit of trade. That's like, your definition dude. https://www.investopedia.com/terms/i/intrinsicvalue.asp > The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may…
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?
Basic Attention Token https://basicattentiontoken.org/
https://en.wikipedia.org/wiki/Fifteen_Million_Merits
Some thoughts after going through the whitepaper,
> The BAT will, in early stages, be specifically tied to Brave browsers and Brave servers, along with verified publishers
Before this, they mention that other browsers are free to adopt BAT. However, no mention is made of a way to ensure the user attention data reported is legitimate. Presumably then only the Brave browser will be able to use this token. A novel, trustless/decentralised way to verify user attention would be of a paper on its own.
> Ad fraud will be prevented or reduced by publication of source code and cryptographically secure transactions. Ads served to individual browser/users will also be rate-limited and tied to active windows and tabs.
How will this be ensured without some kind of centralised whitelist of signatures/keys?
If the system is going to be centralised anyway, why use a blockchain? Blockchains are terribly inefficient append only DBs, and are only useful when there is not even a single server on the internet that you can trust. There is no point to using a blockchain if everything that can go on the blockchain is going to be mediated by a company/government/organisation.
> A 300 million endowment is for early adopters of Brave and the BAT at up to 5 BAT/user
followed by
> BATs are meant only for experts in cryptographic tokens and blockchain-based software systems
So they expect to get up to 60 million "experts in cryptographic tokens" to switch to their browser?
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i've been working on one related to climate change - i have perfected a self-replicating, solar-powered carbon recapture facility. i figure the coin can represent some amount of carbon offset. working on a white paper as we speak.
Sponsor the 64 million trees of The Northern Forest in the UK with the Bitcoin Pine backed by pine trees. Make people get off their arse and visit their trees in person to cash out. Also have Bitcoin Oak, Bitcoin Ash and Bitcoin Rowan etc. Work with a charity so Bitcoin Oak is fully tax deductible and not gambling.
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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.…
By that definition I guess all startups and IPOs are also scams.
Assuming rumours FB is developing their own cryptocurrency, along with Amazon and Google, as has been suggested on various forums, isn't there a risk here for them? Banning potential competitors in what you could generously describe as the dawn of the next internet (in many ways the crypto wild west is v similar to early dot com days, complete with all the shysters and con artists) seems unethical and may bring up an…
You are correct, that would be a risk for them (especially for FB) because of how big they've become. Anecdote: in 2014, I registered an account on Twitter called "tweetcoin". I felt social networks would start developing their own currencies. I posted one comment, "exciting things in the works". I was promptly locked out of the account, and a new tweet appeared there (dated 2012!), stating "this is not your account.…
reminds me that the internet is really just a cave wall with shadows on it...
Finally. I've been intentionally clicking ICO ads so that I get targeted for more ICO ads. It's been interesting. - Many of them have the most buttery smooth introduction video that was just so compelling to stare at. - Many has business lines like, "The total market for car loans / social media advertisement / game currency is N trillion... - The "team" page for them are mostly Russian / Eastern European. Some of th…
One technique scammers use in general is not to make things too legit because that would attract people with a clue. Make it just barely credible and get the most gullible people possible.
So those fantastical emails about a rich prince in Africa that needs your help to cash $20m is just scammers improving their signal-to-noise ratio (or ROI). I think it works for these ICOs too.