For real though...when will we stop using crypto to refer to cryptocurrencies? Crypto is short for one thing and it's cryptography.
If you think that's bad, just wait until you hear about the word "sanction"!
Fools and their crypto
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Re: Fools and their crypto
#42I will repeat myself from another ICO thread last week: you cannot have investment vehicles where commiting fraud results in no punishment. It simply doesn't work. Until someone figures out a way to even somewhat integrate ICOs into the existing legal system, this will keep happening. I have proposed one possible solution to this problem here: https://news.ycombinator.com/item?id=16208325
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Re: Fools and their crypto
#43For real though...when will we stop using crypto to refer to cryptocurrencies? Crypto is short for one thing and it's cryptography.
like when cyber started to become slang for sex while online. it has probably happened through out history where well established names get hijacked when something else get picked up by the general population. e.g. hacker vs cracker. drones (rc helicopters vs pilotless aircraft).
also: broadband. It originally contrasted with narrowband, and they describe modes for propagation of light through fiberglass cables... I thought it was really weird when I heard people on mainstream radio discussing such things. Eventually I realized they were using broadband as a synonym for 'fast internet' :P
Re: Fools and their crypto
#44For real though...when will we stop using crypto to refer to cryptocurrencies? Crypto is short for one thing and it's cryptography.
Crypto comes 'from Ancient Greek κρυπτός (kruptós, “hidden, secret”).'
Re: Fools and their crypto
#45Hopefully a wake up call.. but probably won't be.
It won’t be. Every ICO I’ve bought into and the subsequently sold once it hit the exchanges has made me ridiculously amounts of money. Some sells were stupid, others were brilliant but they were all green.
My stocks have increased as well and hold the majority of my investments, but they increased by 11% last year. My Cryptocurrency increased by 1153% in the same period of time. As long as that happens Cryptocurrency isn’t going away, even if it makes no sense.
It’s taking money from other people by selling useless shit, so it’s obviously not going to last forever.
Re: Fools and their crypto
#46For real though...when will we stop using crypto to refer to cryptocurrencies? Crypto is short for one thing and it's cryptography.
like when cyber started to become slang for sex while online. it has probably happened through out history where well established names get hijacked when something else get picked up by the general population. e.g. hacker vs cracker. drones (rc helicopters vs pilotless aircraft).
Anecdotally, I once had someone on facebook randomly start berating me over the use of the word "trans", because I was being disrespectful. I was of course talking about transmissions/gearboxes, but this fact was lost on that person.
Re: Fools and their crypto
#47For real though...when will we stop using crypto to refer to cryptocurrencies? Crypto is short for one thing and it's cryptography.
Crypto used to exclusively mean cryptography. Cell used to exclusively mean unit of living matter. Language evolves, and it's the popular culture that decides meanings. Cryptography isn't as popular as cryptocurrency. I don't know what you expect to gain by holding on to a definition losing the language war.
So many people being very pedantic about it these days.
Re: Fools and their crypto
#48Earlier quoted context omitted.
You shouldn't be able to run one unless you're a registered company. It has to be relatively easy to come after you for fraud as an investor. Considering that this is a mechanism that is predominantly used to fund projects or companies anyway, I don't think that's an irrational requirement.
all the same laws are applicable and fraud is fraud. what is more interesting is that a variety of traditional control mechanisms appear to be ineffective at stopping the two voluntary parties from interacting whereas for banking and brokerages they are sufficient. I'd hate to see a second useless set of laws be made, similar to "hate crimes" (a crime is a crime - except when you say a certain something or think a ce…
I've never understood the problem some people have with hate crimes. Don't we already have plenty of crimes where the only differentiator is mental state or intent? Hard to see how a hate crime classification is any different than, say, Murder 1 versus Murder 2.
Re: Fools and their crypto
#49Re: Fools and their crypto
#50The one question which any of these Crypto ICOs dont answer is why do I want to get paid/pay in their coin over actual cash! There is only drawbacks with it!