231–240 of 249 posts
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The "Coin of the Realm" source: Page 49 of Debt, The First 5000 Years by David Graeber. https://libcom.org/files/__Debt__The_First_5_000_Years.pdf
I'm not really in a position to read a 540 page pdf right now, maybe you should pick a line you like.
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One thing I don't understand about ICOs is - what do the companies promise their coins to be worth? That is, if I have a Coin from your brand new endeavour - what can I, hypothetically, exchange it for? Do I get a vote in how your company is run? Can I give it back to you in exchange for a product or service later down the line? Or is it just a geegaw for me to put on a shelf, like a printout of a Patreon receipt?
they are for a product or service, the limited issuances of the token gives them a speculative market based on future demand and future supply. the team and organization gets funded, the buyers are liquid, nobody makes ridiculous decisions counter to their dreams hoping for "an exit", because everyone already has one. we don't have consumer or investor protections here yet so sure it is ripe for abuse, so far people…
Are they? It's hard to imagine there being enough buyers to match sellers if/when a coin hits a high peak, let alone if there is a collapse of confidence in the coin or product or its promoters
How to make money in ethereum, from high to low risk: 1. Dump the leftovers of your bi-weekly software engineering paycheck into buying ETH, BTC, or whichever altcoin is popular this week. It went up 5000% in the past, it's got to keep growing right? 2. Participate in an ICO and stock up on whatever platform token they're hawking. It's more profitable if you get in early due to some presale mechanism (hopefully here…
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That's one person's opinion and prediction of the future, the same as yours. It is not proof or even evidence of anything. Cryptocurrencies literally work right now. People that keep saying a currency that doesn't have a central authority leeching off of it by printing more and using it however they want perplex me. If all else was equal, would you choose to put your money in a currency that continues to be worth les…
Oh this is only one citation, my friend. There are many other economists that have studied this phenomenon, even if they haven't applied it to cryptocurrencies.
You need to connect the dots and explain yourself, which you don't seem to be doing.
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Here you go, from 1995: http://www.newsweek.com/clifford-stoll-why-web-wont-be-nirva... Note that most of his predictions did come true for a while and then were later falsified; many dotcoms learned that "being early is the same as wrong" the hard way.
Interesting. I wanna try a 2017 scorecard: 1. Usenet is garbage: CORRECT although it was better in the early days. This seems to be a general trend with all comment/message board systems, they rapidly lose value when they breach a certain size, although some including our dear HN have survived for quite some time. 2. Downloading books won't happen: WRONG. Paper isn't going anywhere but ebooks are an unqualified succe…
Granted, this doesn't readily translate to the classroom nor does it fit everyone's learning style.
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And mostly, they indeed get rich.
I know several people from crypto community and people who got rich are in a minority. Most people lost their money and are acting as gamblers now, throwing more money into new tokens to double down (which is one factor feeding the current ICO frenzy). But I agree that there is a small group of people making big bucks from this (people behind ICOs plus a tight group of early bitcoin adopters).
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And mostly, they indeed get rich.
How can they mostly get rich? For every buyer, there's a seller. A rich cryptocoin speculator gained their wealth from poor cryptocoin speculators. Where else did the money come from?
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I think it can all be automated: 1) Have the bot build the currency here: http://build-a-co.in 2) Generate HTML5 pages 3) Submit to twitter (focus on new york area) / make tshirts
holy cow! that's so out of this world, you can now generate a whole new coin.
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If you sell equity, and will pay dividends, why not just do an IPO? The SEC will treat you as a security anyways.
We're doing a blockchain IPO because the subject we deal with has significant legal issues in most countries (details in profile). We're operating as an extrajurisdictional company to get around these issues, with an anonymous founding and executive team.