Filecoin Suspends ICO After Raising $186M in One Hour
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Filecoin Suspends ICO After Raising $186M in One Hour
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Re: Filecoin Suspends ICO After Raising $186M in One Hour
#2So much people with much money trying to find new ways to make money out of money.
That says much about the current state of the economy.
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#3So much people with much money trying to find new ways to make money out of money. That says much about the current state of the economy.
And making the rich richer. No way to invest unless you have money or you are in the inner circle. Code has also not been released. So much for open source.
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#4So much people with much money trying to find new ways to make money out of money. That says much about the current state of the economy.
And how many computing cycles and kWH are wasted on cryptocoins
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#5So much people with much money trying to find new ways to make money out of money. That says much about the current state of the economy.
And making the rich richer. No way to invest unless you have money or you are in the inner circle. Code has also not been released. So much for open source.
If it makes you feel any better, I suspect that a lot of these schemes are going to make a lot of rich people that bit less rich...
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#6I don't get it. Competing with Amazon S3 seems like a very unpromising business idea, blockchain or not.
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#7Earlier quoted context omitted.
And making the rich richer. No way to invest unless you have money or you are in the inner circle. Code has also not been released. So much for open source.
If it makes you feel any better, I suspect that a lot of these schemes are going to make a lot of rich people that bit less rich...
And a few rich people a bit more rich.
All depends which side of the coin you're on (pun intended).
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#8So much people with much money trying to find new ways to make money out of money. That says much about the current state of the economy.
And how many computing cycles and kWH are wasted on cryptocoins
To be honest, this is my reason for not jumping mindlessly on the cryptocurrency bandwagon: it's wasting so much resources and power, especially when you take a look at videos of mining farms.
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#9Great, another Ponzi scheme I can get in at the start with... how do I invest?
Re: Filecoin Suspends ICO After Raising $186M in One Hour
#10So much people with much money trying to find new ways to make money out of money. That says much about the current state of the economy.
And making the rich richer. No way to invest unless you have money or you are in the inner circle. Code has also not been released. So much for open source.
Yep, only accredited investors could buy Filecoin at the ICO. The rest of us can still buy Siacoin which is similar.
I don't think these VC-backed cryptocurrencies will win in the long term. It's the same principle as with stocks, cryptocurrencies are going to work in favour those who understand them the most; in this case, developers.
The mission of cryptocurrencies is to take control away from finance people. Hobbyist developers are going to decide which cryptocurrencies deserve their precious development time.
Cryptocurrencies are all about the tooling and infrastructure around them.