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1) Watch out for the website. And here's another tip from Vitalik, 'Reminder: if someone makes a token sale that gives discounts to large buyers, this can be c
by discombobulate 9y ago
1) Watch out for the website. And here's another tip from Vitalik,
'Reminder: if someone makes a token sale that gives discounts to large buyers, this can be circumvented via collective-buying smart contract.'[0]
I think people are going to start understanding how to navigate the new investment waters. It's going to take time. I still don't have as many sources of info in the area as I'd like. That too -- if the market continues to develop -- will change in time.
[0]: https://twitter.com/VitalikButerin/status/886191450727297024 https://twitter.com/VitalikButerin/status/886191450727297024
- joosters 9y agoThe 'tip' can be summarised to just 'avoid token sales, you mug'
- discombobulate 9y agoCan it? I understood it as more nuanced.
- joosters 9y agoIMO, not Vitalik's
- discombobulate 9y agoVitalik was talking about token sales that give discounts to large buyers. And that they can be circumvented via collective-buying smart contracts. I got that information by reading his tweet. Frankly, I don't know what you're talking about. I would imagine if he was trying to convey one should avoid all token sales he would have said something similar to that. Not something specific to a specific situation. The trick I'm employing involves reading comprehension.