A bit off topic, but why is it a trend these days to use "cancer" for things that have nothing to do with the disease? It sounds a bit insensitive.
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ICOs are Cancer
31–39 of 39 posts
Re: ICOs are Cancer
#32A bit off topic, but why is it a trend these days to use "cancer" for things that have nothing to do with the disease? It sounds a bit insensitive.
It's hyperbole. Something modern conversations are plagued with.
Re: ICOs are Cancer
#33Cancer is a bad word for this for many reasons. Word choice aside, I agree many ICOs are scams, and in general I think it's not a great idea to give someone very large sums of money up front to build something, with very few strings attached. The immediate global liquidity of tokens is both good and bad. Having access to a lot of funding early on, especially with no accountability, even with most well-intended projec…
Thank you. ICO's fundamentally change the nature of global marketplace dynamics. Whether its stocks, bonds, tokens, or whatever other digital asset, it is now shown that these items can be traded by anyone, anywhere, and anytime. This is a fundamental shift in how markets have traditionally worked. Accessible by few, siloed by regional boundaries. This post comes off as another angry bitcoin maximalist, upset that bl…
> ICO's fundamentally change the nature of global marketplace dynamics. Whether its stocks, bonds, tokens, or whatever other digital asset, it is now shown that these items can be traded by anyone, anywhere, and anytime.
Sorry, what? this is literally untrue, and pure bullshit.
Anyone can buy any of these at any time already. There are online marketplaces that trade these things 24/7.
The only restriction is that a potential investor has to prove that they realise that the value of an investment can go down as well as up. That, in other words, they're not an idiot, and won't demand that the government "do something about it" when their investment tanks.
Of course, because of that niggling little regulation, you can't spam everyone with ridiculous promises of untold wealth if they'll only invest their life savings in the latest ponzi scheme. Until ponzicoin came along, of course.
Re: ICOs are Cancer
#34A bit off topic, but why is it a trend these days to use "cancer" for things that have nothing to do with the disease? It sounds a bit insensitive.
It can be used to describe some entity that is not only bad by itself but which also subverts nearby "good" things and turns them into "bad". Maybe it is overused in general but for ICOs in crypto industry it is very fitting and on point. ICOs will take down and sink anything good that may have happen in crypto space.
Re: ICOs are Cancer
#35Earlier quoted context omitted.
Thank you. ICO's fundamentally change the nature of global marketplace dynamics. Whether its stocks, bonds, tokens, or whatever other digital asset, it is now shown that these items can be traded by anyone, anywhere, and anytime. This is a fundamental shift in how markets have traditionally worked. Accessible by few, siloed by regional boundaries. This post comes off as another angry bitcoin maximalist, upset that bl…
> ICO's fundamentally change the nature of global marketplace dynamics. Whether its stocks, bonds, tokens, or whatever other digital asset, it is now shown that these items can be traded by anyone, anywhere, and anytime. Sorry, what? this is literally untrue, and pure bullshit. Anyone can buy any of these at any time already. There are online marketplaces that trade these things 24/7. The only restriction is that a p…
"The only restriction is that a potential investor has to prove that they realise that the value of an investment can go down as well as up. That, in other words, they're not an idiot, and won't demand that the government "do something about it" when their investment tanks."
So you're saying that isn't possible? Very few people in the ICO space are demanding the government do anything.
Also live outside of the US and you'll realize how untrue your statement is. You'll see very quickly that many services that deal with asset trading are region locked (Robin Hood) for example
Re: ICOs are Cancer
#36Earlier quoted context omitted.
It's a metaphor. I personally think that "cancer" describes something that is deadly, awful, and spreads. Instead of saying those three things, or maybe more, it conveys the message to me more quickly.
It's a really poor metaphor, though. ICOs are stupid, but really easy to avoid (just don't put money into them). Certainly not "awful" in the way losing a loved one to an early, excruciating death is. They're not deadly and they don't "spread", at least not by any means remotely comparable to how cancer spreads. It's not like the author works with the metaphor, either. The word appears exactly one time on the page, i…
Despite some other rude commenters I agree with you. Cancer is a devastating, tragic disease and it's used flippantly often. I just tell myself that since those people are fortunate to be shielded from such a loss, that they are simply ignorant of the pain it brings people.
Re: ICOs are Cancer
#37Cancer is a terrible disease which many have to fight with, and likely die from. I had to fight it and luckily didn't die. ICOs are a scam. Learn the difference.
Are we forbidden from the metaphorical use of words that reflect on a reality that personally affected you or should we just abandon metaphors altogether.
Perhaps we should stray away from accepting hyperbolic clickbait-y metaphors? I'd personally take as roughly as much issue if the title said "ICOs are retarded" instead. Its nonspecific & editorialized. This isn't reddit.
Re: ICOs are Cancer
#38Earlier quoted context omitted.
Are we forbidden from the metaphorical use of words that reflect on a reality that personally affected you or should we just abandon metaphors altogether.
Perhaps we should stray away from accepting hyperbolic clickbait-y metaphors? I'd personally take as roughly as much issue if the title said "ICOs are retarded" instead. Its nonspecific & editorialized. This isn't reddit.
What's with the anti-reddit virtue signaling? The quality of discourse on this site is not so far removed from reddit, the only real difference is that this site is much smaller with more aggressive moderation.
Regarding something as "cancer" is not the same as regarding it as "retarded". Using the word retard that way is a pejorative slur that demeans the mentally disabled by using their disabilities as an insult, calling something cancer does not reflect at all on those who suffer from cancer.
Still, I think you make a fair point that the title is click-baity and certainly inflammatory, my only disagreement is with the idea that metaphors are off limits if the non-metaphorical meaning has personal significance to some individuals.
Re: ICOs are Cancer
#39One of the things that bothers me about the ICO world is that even those ICOs that are not scams seem to mostly be trying to boil the ocean. I see a ton of massively over-specced ICO projects with huge road maps about how they are going to get somewhere very far away. That somewhere is usually blah blah AI blah blah smart blah blah IoT blah blah global blah blah blah-- in other words a vague mirage that might not eve…
Not sure I agree with all the doom and gloom but you make some good points.
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