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Telegram has raised an initial $850M for its billion-dollar ICO

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11–20 of 108 posts

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#11
post #9

To be honest I have not seen any official marketing page from telegram nor any ico calendars like https://www.coingecko.com/en/ico . Is this entirely private by some group of deserving entities? When will the public can and able to participate?

That's interesting for sure as it is not even on biggest tracker https://www.trackico.io

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#12
post #8
post #2

Isn't their crypto implementation still private?

It is. I hope they don't do the same thing with their code for whatever they're making.

No it's not, the source is on Github. Windows client looks like it uses openssl, Android client looks like it uses boringssl. I didn't actually clone the repos and and take a proper look tho.

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#14
post #7
post #4

Maybe I'm the last to join the party but if i understand correctly, is this money they are going to receive as investment? I ask because as much as i can google I can't find any product they are selling or any ad they are displaying, so what is being bought here? I'm not trying to be sarcastic, is there something i am missing?

Presumably they will use the tokens in the app for payments and a way to run decentralized applications (so paying for computation, storage, etc.) What's being sold is the potential for the token price to appreciate in value. It's definitely a worse deal for investors than an IPO as there is no equity being sold.

> It's definitely a worse deal for investors than an IPO as there is no equity being sold.

If you pay $100,000 for 100 shares of Google I guess you're technically getting equity, but what exactly is the advantage of that?

Sure, your broker has a digital ledger that records your ownership, but is that fundamentally different from digital entries in any other ledger just because there's equity?

Whether you buy Google shares or Telegram tokens, the only reason you're buying is because you expect the price to go up in the future.

I'm not sure equity has anything to do with it.

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#15
post #9

To be honest I have not seen any official marketing page from telegram nor any ico calendars like https://www.coingecko.com/en/ico . Is this entirely private by some group of deserving entities? When will the public can and able to participate?

The cake is eaten first by the guys with big guns. Then, ICO will likely go public, where public buys enough so that the big guys can dump and get what they invested + interest. If you want in, you are already late to the party...

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#16
post #14
post #7

Earlier quoted context omitted.

Presumably they will use the tokens in the app for payments and a way to run decentralized applications (so paying for computation, storage, etc.) What's being sold is the potential for the token price to appreciate in value. It's definitely a worse deal for investors than an IPO as there is no equity being sold.

> It's definitely a worse deal for investors than an IPO as there is no equity being sold. If you pay $100,000 for 100 shares of Google I guess you're technically getting equity, but what exactly is the advantage of that? Sure, your broker has a digital ledger that records your ownership, but is that fundamentally different from digital entries in any other ledger just because there's equity? Whether you buy Google s…

Well, with shares you are more or less guaranteed that they will increase in value, if the company does well.

With tokens this is not clear, as it would be possible for Telegram to do insanely well, but the tokens not being very popular/being used for some unimportant feature.

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#17
post #8

Earlier quoted context omitted.

It is. I hope they don't do the same thing with their code for whatever they're making.

What do you mean by "it is"? The Telegram client is open source.

The telegram server is not.

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#18
post #14
post #7

Earlier quoted context omitted.

Presumably they will use the tokens in the app for payments and a way to run decentralized applications (so paying for computation, storage, etc.) What's being sold is the potential for the token price to appreciate in value. It's definitely a worse deal for investors than an IPO as there is no equity being sold.

> It's definitely a worse deal for investors than an IPO as there is no equity being sold. If you pay $100,000 for 100 shares of Google I guess you're technically getting equity, but what exactly is the advantage of that? Sure, your broker has a digital ledger that records your ownership, but is that fundamentally different from digital entries in any other ledger just because there's equity? Whether you buy Google s…

Shares mean you get a vote in the running of the company. You also have recourse in law to bayous standards according to the country's laws they are registered in

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#19
post #14
post #7

Earlier quoted context omitted.

Presumably they will use the tokens in the app for payments and a way to run decentralized applications (so paying for computation, storage, etc.) What's being sold is the potential for the token price to appreciate in value. It's definitely a worse deal for investors than an IPO as there is no equity being sold.

> It's definitely a worse deal for investors than an IPO as there is no equity being sold. If you pay $100,000 for 100 shares of Google I guess you're technically getting equity, but what exactly is the advantage of that? Sure, your broker has a digital ledger that records your ownership, but is that fundamentally different from digital entries in any other ledger just because there's equity? Whether you buy Google s…

The U.S. government has a set of laws that govern what “shares” in a US-listed company mean. If Google’s management tries to completely nullify what equity ownership means, the US government will go and take it back. They will freeze the founders assets. They will ground the company aircraft. They will send scary men with big guns to make arrests of people indicted by a grand jury. Those things are pretty hard to get away from, short of fleeing to Venezuela or something.

What analogous threat of violence is behind the value of Telegram tokens?

Re: Telegram has raised an initial $850M for its billion-dollar ICO

#20
post #4

Maybe I'm the last to join the party but if i understand correctly, is this money they are going to receive as investment? I ask because as much as i can google I can't find any product they are selling or any ad they are displaying, so what is being bought here? I'm not trying to be sarcastic, is there something i am missing?

There's no product yet, they're selling the tokens that will be used in future products.

When we finally find use cases that make cryptoassets relevant to regular people for routine activities, then the skeptics will understand that there's more going on here than just tulips and Ponzis.

Telegram has real potential to do that, it just takes some imagination to see what it could be.

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