71–80 of 433 posts
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Or they ran away with the money and don’t want to be as easy to track.
Missing the point. TFA uses a metric which is unable to distinguish between success (working instead of tweeting) and failure (scam). That's beyond wrong...
Is there legit money to be made in ICOs without running a fraud?
Forget money, I would like to know of one legit ICO. One single ICO that has a product. One.
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Unless I'm misunderstanding you, you seem to agree with me, with the exception of you thinking geography doesn't matter. I'd disagree with your idea that geography doesn't matter. I would have more confidence in an ICO in the US than I would in say China where it can be hard to sue someone and collect your damages if you win. but if you really feel geography doesn't matter then please share your argument for this, I'…
> Unless I'm misunderstanding you, you seem to agree with me I am disagreeing and saying that it is VC/PE vs. Presales and ICO the whole story. > but if you really feel geography doesn't matter then please share your argument for this, I'm ready to learn!! It is not an argument, it is a fact. For example, you will see a really important investment to an Argentina based company (outside top geographies) in a few month…
All capital flows have a home-country bias. Even securities which are easily bought and sold internationally [1].
Proximity to investors matters even within countries. A start-up raising VC or person promoting an ICO in Silicon Valley will raise more money faster than someone in Montana. They, in turn, will outperform someone in Zanzibar. Doesn't mean it can't be done from Montana or Zanzibar. Just that it's more difficult.
"Still, all investors should probably sell their coins within the first six months, the study found." If all investors should sell their coins, who is the counterparty that should buy them?
Shhh
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DAPP Radar is not the authoritative source for all Ethereum applications. There are many like Augur, Golem, MakerDAI, etc that aren't even included on that list. Depends on when "early days of internet" is defined? The internet could be seen as an evolution of ARPAnet https://en.wikipedia.org/wiki/ARPANET which was defined in the mid-1960s and took years to deploy and probably decades to evolve to the usefulness you…
As per your citation, ARPAnet came online in 1969 and emails were being exchanged by 1972, barely 3 years later. Blockchains have been around for 10 years now and every year they cause bigger problems without actually solving any.
Being able to transfer value between two parties without having to trust anyone has value. We can argue about how much value, but it's non-zero.
You can see the state (volume, # daily users) of some of these promised "dapps" here: https://dappradar.com . It is indeed a barren wasteland. And when a new popular ICO comes along, the Ethereum network struggles and fees skyrocket. It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning: you could at least send messages and files across the netw…
The early internet I used was just as barely usable as the Ethereum network is now. I remember being in the college computer lab and begging on simple things like a page to load. Just a few years later and I was able to watch videos on the computers streaming from the internet. Technology rapidly advances. I still realized back in those computer labs how revolutionary the internet was going to be, I feel the same way…
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> Eventually someone will realize that the smarter move is to create sustainable value over time. Most ICO's - if not all of them - are powered by the greater fool theory, sustainable value isn't really on the table. I see value in the blockchain and some in BTC (but not as much as others apparently do), but the whole ICO concept seems to be just a way to transfer wealth from greedy suckers to even greedier suckers.
One promising example is SpankChain. It's a cryptocurrency specifically designed for the porn market. Traditionally, it's hard to make money in porn due to fraud and chargebacks. Most payment processors also won't touch you. But crypto has no chargebacks, so it's a natural fit. One could argue that if you have to dip down to the level of porn just to find some value, ICOs are worth dismissing. But I would say that it…
One could also argue that when porn starts adopting a technology, you should adopt it too because that tech is what is going to win.
Porn has consistently chosen the winners and any tech that discourages or disallows porn's involvement loses.
You can see the state (volume, # daily users) of some of these promised "dapps" here: https://dappradar.com . It is indeed a barren wasteland. And when a new popular ICO comes along, the Ethereum network struggles and fees skyrocket. It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning: you could at least send messages and files across the netw…
This is a serious question as I want to make sure I'm reading this right: CryptoKitties really had only 274 users in the past 24 hours? The USV/Andreessen company?
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One promising example is SpankChain. It's a cryptocurrency specifically designed for the porn market. Traditionally, it's hard to make money in porn due to fraud and chargebacks. Most payment processors also won't touch you. But crypto has no chargebacks, so it's a natural fit. One could argue that if you have to dip down to the level of porn just to find some value, ICOs are worth dismissing. But I would say that it…
> Traditionally, it's hard to make money in porn due to fraud and chargebacks. Is that so? Tell me more...
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Missing the point. TFA uses a metric which is unable to distinguish between success (working instead of tweeting) and failure (scam). That's beyond wrong...
If they were working on it, though, one would think they'd be delivering updates to show their progress.