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How is it better for a startup than ordinary currency?
How is it better for a startup than experienced investors?
How is it better for a startup than common investment vehicles?
What is the obvious business case for the additional complexity and potential legal land mines?
Earlier quoted context omitted.
Exactly that
Could work. Alternatives probably exists but that just confirms the idea is ok. Would need some marketing to bootstrap - what good is an empty market place?
I think the fact that alts/ICO failed as bad as they did proved it could never work. Working with existing infrastructure, and I don't think ETH is worth consideration at this point, is the only way to get any credibility given who is investing into crypto these days.
DOGE will always be a funny meme thing, regardless of it's price rise: it was actually where we sent people to get used to the ecosystem as 'training wheels' Elon just made it hysterical and people bought into the hype, but as you can see he won't put it on Tesla or SpaceX's balance sheet for a reason.
Though if I'm honest it would be funny as hell to see a DOGE logo on the side of a Starship.
> Everyone here loves crypto (and have some) and loves startups too. Not true at all, many here on HN are openly hostile towards it because they dismissed it at the time while others were made obscenely wealthy. Whether they own some is probably true, though. > I want to create a coinbase for startup equity. Translation :you invest small sums of your cryptos in a startup of your choise. First, you don't want to be th…
I won't mince my words. People hate cryptocurrencies here because they are shit, the technology is shit. The only reason anyone buys Bitcoin is as you said, because they want to become part of the pyramid scheme.
Why would a startup want this? How is it better for a startup than ordinary currency? How is it better for a startup than experienced investors? How is it better for a startup than common investment vehicles? What is the obvious business case for the additional complexity and potential legal land mines?
Earlier quoted context omitted.
Could work. Alternatives probably exists but that just confirms the idea is ok. Would need some marketing to bootstrap - what good is an empty market place?
> Could work. I think the fact that alts/ICO failed as bad as they did proved it could never work. Working with existing infrastructure, and I don't think ETH is worth consideration at this point, is the only way to get any credibility given who is investing into crypto these days. DOGE will always be a funny meme thing, regardless of it's price rise: it was actually where we sent people to get used to the ecosystem…
Earlier quoted context omitted.
> Could work. I think the fact that alts/ICO failed as bad as they did proved it could never work. Working with existing infrastructure, and I don't think ETH is worth consideration at this point, is the only way to get any credibility given who is investing into crypto these days. DOGE will always be a funny meme thing, regardless of it's price rise: it was actually where we sent people to get used to the ecosystem…
That's true! I event sent my friend a couple of DOGE for his birthday. SpaceX may put it in their sheets, but for early-stage startups this could be a way to be get funded from crypto investors who got big early on.
However ICOs are certainly a sounder idea than NFT artworks.
Hahaha ... I think you are new to HN.
Earlier quoted context omitted.
That's true! I event sent my friend a couple of DOGE for his birthday. SpaceX may put it in their sheets, but for early-stage startups this could be a way to be get funded from crypto investors who got big early on.
ICOs were also big in the last crypto bubble and a lot of people got burned. So maybe it is too early for a revival. However ICOs are certainly a sounder idea than NFT artworks.
Both are bad ideas hatched from the ETH cohorts trying to make themselves relevant while selling buzzword laden pipe dreams and vapourware to idiot heads of state (Putin) [0] and imbecilic corpos with no idea of what they are doing.
This has to be a con by Vitalik, there is no way this guy really went from doing unSystem work to cryptokitties and NFTs.
Source: I worked for those imbecilic corpos.
1) innovation: a lot of people are already investing in startups. The main value of your idea is to do something existing, but with crypto. Which has most likely already been tried. It's not necessarily a bad idea. The execution is probably more important than the initial idea.
2) legal issues: why would using crypto avoid you the regulations ? I feel like it will make everything more difficult and confusing for everyone if you want to do it legally.
3) usability: you will most likely target a very small group of experts. crypto are not user-friendly.
Your startup idea may work. Some people are very much into crypto and you could target them. Personally I would consider the impact of my work to the society. The proof of work is a no-go for me, but you may not care.