Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

nytimes.com

Post reply on HN
Print view View original

211–215 of 215 posts

Re: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

#211

Post by olala69 »

doktrin wrote: post #182
proofofstake wrote: post #152

Earlier quoted context omitted.

> Why are people throwing money at these? Futures for Tezos are already trading at 6x the amount people invested during ICO. > It makes no sense. In the short term it makes a lot of sense (600% ROI). In the long term: An Ethereum based on OCaml has an interesting potential. > You have no guarantee that they won't just run off with the money If the developers are not anonymous, while no guarantee, it makes it less lik…

> An Ethereum based on OCaml has an interesting potential. I see this kind of stuff a lot in the "cryptocurrency" space. When I was reading about Waves, for instance, one proponent unironically proclaimed that "It's built on Scala, which is a better architecture than Ethereum". I'm no Scala hater, but surely stuff like the implementation language isn't the most important variable in evaluating a new altcoin / cryptoc…

It's built on OCaml because of functionality and langsec - contract code and implementations written in procedural/objective languages are immensely unstable which is also why ETH smart contracts keep getting hacked.

Consider that not even the fucking inventor of Ethereum himself can write a contract without massive exploits.

Re: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

#212

Post by olala69 »

flunhat wrote: post #160
proofofstake wrote: post #152

Earlier quoted context omitted.

> Why are people throwing money at these? Futures for Tezos are already trading at 6x the amount people invested during ICO. > It makes no sense. In the short term it makes a lot of sense (600% ROI). In the long term: An Ethereum based on OCaml has an interesting potential. > You have no guarantee that they won't just run off with the money If the developers are not anonymous, while no guarantee, it makes it less lik…

Can you, in one sentence, explain what Tezos is? Something of the form: Uber - Order a taxi with your phone Facebook - Connect with your friends online Google - Find stuff on the internet Wikipedia - An encyclopedia that anyone can edit Amazon - Buy stuff online, without going anywhere Tezos - ??? (And "Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth" doesn't co…

Tezos - An Ethereum where the smart contract language ambiguity and procedural nature of the code doesn't result in hundreds of millions in theft.

Re: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

#213

Post by olala69 »

dsfjksdf wrote: post #193
proofofstake wrote: post #152

Earlier quoted context omitted.

> Why are people throwing money at these? Futures for Tezos are already trading at 6x the amount people invested during ICO. > It makes no sense. In the short term it makes a lot of sense (600% ROI). In the long term: An Ethereum based on OCaml has an interesting potential. > You have no guarantee that they won't just run off with the money If the developers are not anonymous, while no guarantee, it makes it less lik…

"An Ethereum based on Ocaml" - that has to be a joke. 200 000 000 just because they use Ocaml? Afaik Ethereum encouraged independent implementations of their PROTOCOL in different languages, also as a way to discover flaws in the protocol. Ocaml as a selling point just sounds like an appeal to Noobs. Reading that was one of the reasons I decided to pass on the Tezos ICO.

Language security is a much bigger deal than anyone ever assumed and the DAO proved that. Just ask Vitalik.

Re: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

#214

Post by the_stc »

lawless123 wrote: post #190
the_stc wrote: post #188

Earlier quoted context omitted.

Think more of an app like Uber (without the sexism) than a website. We are not a listing site or a marketplace. We take both sides of the trade, offering full support and customer service. We have direct relationships with providers. This puts us in a position where we have a real chance of detecting coercion and offering assistance. At a minimum this means access to our lawyers. We are aware this is a delicate and c…

PimpCoin.

It is really the opposite of that. Pimps take a huge cut or 100% and generally have a more ownership-like relationship. Our platform is about providing services that empower individuals to decide how/when/etc they want to work.

Re: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows

#215

Post by magnetic »

ovulator wrote: post #109
walrus1066 wrote: post #15

Earlier quoted context omitted.

Beware that: “The market can stay irrational longer than you can stay solvent.” (John Maynard Keynes) Especially relevant to short selling

Shorting has got to be the dumbest way to invest. With a normal investment there is a ceiling to how much you can lose (the amount you invested) but there is no ceiling to how much you can gain. The complete opposite is true for shorting, not a bet I would make on any certainty level.

Maybe it's a calculated risk thinking that if you lose the bet you file for bankruptcy?
Post reply on HN