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Coinlist
- aaron-lebo 9y agoInvesting in token sales shouldn’t just have the potential for profit, it should also be simple, understandable, and enjoyable. It’s time to take token sales mainstream. - coinlist homepage Because there isn't enough speculation in the space already. Wonder when this bubble pops? The pitch must have been something like "did you know that there are over 800 coins listed on Coin Market Cap and that 795 of them are nothing more than vehicles for speculation. What if...what if we created a platform which allowed us to launch the next line of speculation?" The person in the meeting who asked about practical use and societal benefit got overruled pretty quickly because all the VCs saw was $$$.
- mrharrison 9y agoAlso, this isn't taking token sales mainstream, token sales are already mainstream. This is making token sales available to the privileged (accredited investors) before they are available to the public.
- sbisker 9y agoOn the plus side, token sales are actually mainstream - so companies will actually be able to choose this hacked together version of the old public securities model and controlling their own destiny via DAOs and, well, simply setting up shop outside of the US. Choice is a good thing for companies, and it's a clever compromise - but if the only way VCs can invest is with hacks like this, I'm not feeling bullish on America's chance of participating in this new economy.
- aml183 9y agoI don't know how you consider token sales mainstream. I wrote a post explaining how difficult it is to participate in a token sale. www.arilewis.com/blog/2017/5/15/my-mom-cant-buy-an-ico It's very plausible that there could be a bubble, but just to give some context, the cryptocurrency market is valued at $68 billion dollars. The Bloomberg US Internet Index went from $2.948 trillion at its peak to $1.193 trillion. We are nowhere those types of valuations.
- andruby 9y agoSure, but the internet at its peak was providing _real_ goods and services, not just a _financial_ service.
- MrPatan 9y agoYes! A VC telling us that bypassing VCs and enabling people to invest in what they want directly is bad. News at 11. But no, you see, they are worried about SEC compliance. Aren't you glad VCs are looking out for your interests?
- savar 9y ago@aaron-lebo: How will liquidation work for tokens offered during ICO at forums like CoinList? Will the concept same as 1. shutdown 2. M&A 3. IPO of offering companies ?
- placeybordeaux 9y agoLooks like there are at least three semi serious storage related blockchains: sia, filecoin and storj. Are any of these reasonable to actually use at this point? It looks like siacoin doesn't actually allow for true backups yet. Filecoin hasn't launched. Haven't looked into storj much yet.
- thewelder 9y agoOnce upon a time I stumbled upon vitalik's post 'Secret Sharing and Erasure Coding: A Guide for the Aspiring Dropbox Decentralizer'[1] and thought it was the coolest thing since sliced bread. I think storj is a working implementation of that (more or less). [1]https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-coding-guide-aspiring-dropbox-decentralizer/ https://blog.ethereum.org/2014/08/16/secret-sharing-erasure-...
- nemo1618 9y agoNone of them are ready to use in a serious capacity yet. However, Sia's network has been live for 2 years now, and people are forming smart contracts, getting paid to host data, and backing up real files on the network. The fundamentals are solid -- it's just Bitcoin with one extra transaction type -- but there's a lot of potential left to be explored. Based on the Filecoin announcement, they are building something very similar to Sia. It appears to depart from traditional Bitcoin proof-of-work consensus though. I'm looking forward to reading their whitepaper. Disclaimer: I'm one of the co-founders of Sia.
- dando 9y agoSia to the moon?
- placeybordeaux 9y agoI was under the impression that you can't currently recover your files from a seed on sia. Is that correct? I was also wondering if siacoin is LN compatible. Can you speak to that? It looks like there is something similar up, but will I be able to pay for storage with any other LN compatible coin? I'd have loved to see the value of coins like these that are supposed to provide a specific economic utility have their value essentially determined by it. For instance you could simply mint new bitseconds * mining efficiency each time that someone issues a proof of storage over a given time period. This way the value of bitseconds shouldn't never go above the real price for storage over time. Obviously you'd need to set the mining efficiency below 1 to encourage people to actually store user files, or else it'd always be more profitable to just store for the mining rewards.
- powera 9y agoIt's too weird and obscure to become a tech bubble, but making "pre-purchasing new digital coins" easier is not something I would support or encourage in any way.
- htsh 9y agoI get (and agree) with your point but aren't they making it harder than other coins here by limiting the pre-sale to accredited investors?
- xor1 9y agoIs there some sort of aggregator for these early crypto offerings? Still kicking myself for not participating in the Ethereum pre-sale after a friend linked it to me and I just wrote it off completely. Love me some gambling.
- buzzybee 9y agoCheck the bitcointalk forums. There are lots of altcoin announcement threads. Most are absolute drek and not worth your time, and most of the comments are people deceiving others or themselves by engaging in pumping/bashing. I scanned those a little more when I started, but they're awfully crowded now.
- OJFord 9y agoI think GP means an aggregating fund, not a news aggregator.
- MichaelGG 9y agoIs there a mining aggregator? I've got a few decent GPUs around, enough to mine a couple hundred bucks worth of, eg Monero a month. I'd love to run a script to automatically jump in on new coins where GPU mining is feasible. Not the most profitable at the moment, but more like speculation. Am I stuck with dredging through news and manually mining each one?
- TaylorGood 9y agoNext one is MobileGO ICO which closes in like 3 days.. has raised the most so far in ICO than any other coin..
- TaylorGood 9y agoNext one is MobileGO ICO which closes in like 3 days.. has raised the most so far in ICO than any other coin..
- jsnathan 9y agoCheck out TokenMarket [1], it might serve your need. [1] https://tokenmarket.net/ico-calendar https://tokenmarket.net/ico-calendar
- RichardHeart 9y agoPlease stop pumping little mini Ponzi ICO's. Please stop shoving new tokens to get rich under the guise of "anti-spam." Please stop trying to get rich on tokens. Storj and it's stupid token preceded this stupid token. Blockchains are useful for an extremely limited set of circumstances. They enhance trust at extreme throughput and expense. If you can solve trust almost any other way, its better. disclaimer, I'm long as fuck bitcoin, however I know that it's still risky, and has a rather unaddressed lists of vulnerabilities in it's wiki, and has very limited use cases beyond emergent ponzi value. That being said, creating a digital scarcity to act as functional proxy for human productivity, thus money, is hampered by every new shitcoin. Digital scarcity can be ruined for a couple decades, and every new shitcoin enhances that negative outcome. Utility before pump and dump please.
- aqsheehy 9y agoHN really needs to start cracking down on the coin pumping, out right ponzis have no place here.
- brighton36 9y ago100% agreed
- grzm 9y agoIf you think particular submissions are inappropriate for HN, flag them. If you think particular comments are inappropriate for HN, downvote them. Similarly, up-vote submissions and comments you believe are substantive and contribute meaningfully. Each of us plays a role in curating HN.
- arisAlexis 9y agoI guess some years ago you were calling Bitcoin a Ponzi scheme. HN has always been hard to change minds on this.
- tveita 9y ago> creating a digital scarcity to act as functional proxy for human productivity, thus money, is hampered by every new shitcoin This seems contradictory to me. Anyone can create a cryptocurrency like Bitcoin. If people exercising that ability hurts scarcity, is there really any scarcity in the first place? It sounds like you want to simulate scarcity through a gentleman's agreement, but it's not clear why the the creators of these "shitcoins" would cooperate.
- tudorconstantin 9y agoI think the blockchains now are like the internet was in '95. Besides BTC's proof of work consensus algorithm the majority of the rest of technologies are in alpha/beta stages, ready to launch sometimes next year: proof of stake algos, smart contracts, blockchain based computing, the lightning network, most of the governments not knowing how to treat the crypto economy, etc. While the market capitalization grew from 20 billion usd, close to 70 billion this year alone, I think the big growth will start next year, when some of these technologies will reach the production ready phase. As a technologist, I wouldn't forgive it to me, in say 10 years, that I didn't tried to ride the blockchain train if it becomes mainstream.
- foepys 9y agoWhat did change that made blockchains production ready?
- mifeng 9y agoI used the internet in '95. It was awesome: I played Trade Wars with my friends. I received and sent email with Juno. I chatted with random strangers on BBSes (a few were super weird, but whatevs). Despite the limited options and the slowness of my 28k baud modem, the internet in '95 still fulfilled my needs for entertainment, communication and socialization. Blockchain today doesn't fulfill any human needs.
- wpietri 9y agoExactly. One of my eternal questions about shiny new technologies is, "Great, but who's getting value from it on a daily basis?" I keep asking this about Bitcoin, et al. For 6 years I've been getting, "Oh, it's just about to take off! You'll see soon!" The Internet was definitely delivering value daily by 1990. It wasn't just a technological curiosity. Email, Usenet, mailing lists, file transfer, remote computing: all providing the sort of benefits that let researchers and academics justify paying to connect up. I think cryptocurrencies and blockchains are technologically neat, and I appreciate them on that level. But neat technology doesn't always end up being useful.
- aqsheehy 9y agoCan't wait for the SEC to come in and crack down on the crypto space.
- wakkaflokka 9y agoWhy?
- hal9000xp 9y agoCalm down folks, Coinlist is not for you (and not for me): https://coinlist.co/about/help/investors/2 https://coinlist.co/about/help/investors/2 They require you to be an accredited investor. For those who don't know what it is: It's the single biggest reason why rich become richer and the rest stay the same. In short, you have to have at least $200k yearly income (per individual) or $1M liquid net worth in order to be an accredited investor according to SEC. I hate so much this regulation! Just because of some retarded voters can't realize risks they taking, the rest must be out of all sweet deals angels and VCs are making. What the government tells you: stay where you are or invest in crappy index fund and it takes you about 23 years to get $1M if you invest $1000 each single month and every single year index grow 10% which never happens by the way. I'm so so glad that first time in history the government forgot to put their heavy hand and I had a chance to invest in Ripple before Google Ventures did. So now, for the first time in my entire life, I'm enjoying the same rate of grow as Google Ventures and Andreessen Horowitz. So folks enjoy the crypto-party, dance till music stops! It won't last long before the government with support from leftists impose new regulations when a few retards lose their money in obviously scammy ICOs.
- stupidhn 9y agoI love how you believe that the government is standing in the way of you making a fortune investing. That's precisely why the laws exist. How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates.
- hal9000xp 9y ago> How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates. If they are so stupid to buy a million dollar home without even having income (NINJA loans), it doesn't mean I must be out of all possible deals I can make. And yes, by sharply increasing the barrier of entry, the government effectively standing in the way of me of making a fortune! I'm not saying that I definitely make a fortune if there is no such requirement. I'm saying my chances would be significantly better (by the way, it doesn't imply that chances would be big, it's would be just better). Unlike leftists, I never asking any help from the government. I never dare to think that rich owe me money! I never dare to blame the government if I lose my money in risky investment! May be I'm sound aggressive but unlike leftists I'm super peaceful since I don't think anybody owe me anything! I just want the government leave me alone.
- sandGorgon 9y agocoinlist announces SAFT - Simple Agreement for Future Tokens, inspired by YC Safe! https://coinlist.co/about/help/saft/ https://coinlist.co/about/help/saft/ anybody know why this is generally relevant w.r.t the regulatory landscape around bitcoins ?
- SippinLean 9y agoHow is this meaningfully different than Siacoin et al?
- andrewfromx 9y agothere is something odd about a new modern company like this not using SSD drives https://coinlist.co/static/media/landing.6efaa9c2.png https://coinlist.co/static/media/landing.6efaa9c2.png
- nivertech 9y agoCoinList uses this background photo b/c those HDDs are shiny like silver coins. The actual representation of tokens as a uint256 variable in Solidity contract is not as sexy ;)
- wslh 9y agoIf you like to follow good blockchain progress to move beyond proof of work take a look at https://dfinity.network https://dfinity.network using threshold relay chains.
- woodandsteel 9y agoThis article is about how Juan Benet's Protocol Labs is getting into cryptocurrencies to fund protocol development. The basic idea seems be that a new protocol will have a cryptocurrency attached to it that will capture some of the value the protocol provides, and this will provide funds for developing additional new protocols. In addition, if I understand it correctly, they are developing a way of making investing in the development of new protocols into securities that ordinary people can buy, instead of raising funds from VC's. https://protocol.ai/blog/protocol-labs-creating-new-networks/ https://protocol.ai/blog/protocol-labs-creating-new-networks...