5 ms·

Coinjob – A distributed labor marketplace for computer-based work

14 points by hamburglar1 9y ago

lpa22 9y ago
I could see this being successful by undercutting the Upwork fees alone
nannal 9y ago
This looks suspiciously like overt advertising for another useless ICO, 50% of which is premined and 30% (make that 40% including "bonuses" & "marketing") of that is going to the "founders". If this coin ever hits an exchange I would short it hard, there's no platform, no demo, the whitepaper is 13 pages of tosh "Microsoft Word - CoinJob Whitepaper V1.3.docx" "Day 1: 1ETH = 1200XCJ" So with 200m tokens at 1200 eth each, that's $26,000,000 so they only want 780,000 for marketing and 780,000 for bonuses And how much is going to the founders? $3,640,000, there are four of them so skim a little marketing and bonus money and that's 1m each.
- chisleu 9y ago
  This is an ICO that is apparently to fund the creation of the platform itself.
  - nannal 9y ago
    at $2,600,000, it's not a cheap platform to build apparently. This is a blatant cash grab
    - chisleu 9y ago
      Oh, I agree.
- jraines 9y ago
  A lot of the ICO "whitepapers" are comedy gold
  - JamieF1 9y ago
    Just like http://Fomocoin.org/whitepaper.pdf http://Fomocoin.org/whitepaper.pdf Disclosure: I wrote this "whitepaper"
jraines 9y ago
Congrats to them for front-paging this ;) I've heard some people say that most ICOs wouldn't stand a chance at getting VC funding. So, investors of HN, what say you of this one? To me, the first question is why does this need its own token rather than just using Ether? I can maybe see appcoins making sense for something like Status (mobile messenger platform trying to be the crypto WeChat), but this seems too small even if it's a success to merit a separate token.
- nannal 9y ago
  Because if they didn't make a useless token, they couldn't sell the useless token
  - synaesthesisx 9y ago
    I don't think anyone is going to buy their useless token, in this case.
    - repomies6999 9y ago
      There ia a token named "useless ethereum token" which is created as a joke. And people are buying it. I think they habe sold at least 5 grands worth of it.
- keymone 9y ago
  i wonder how expensive is it to frontpage something on HN.
  - deleted 9y ago
    [deleted]
  - jraines 9y ago
    Free, probably. It doesn't take much. I imagine this gets flagkilled pretty soon. (And just to be clear, my wink above is just b/c I thought it was kind of funny, not b/c I have anything to do with it)
byoung2 9y ago
What's with the verify endpoint. If a hacker changed the address, couldn't they change the verify endpoint too?
- Jabanga 9y ago
  Token sales should always use a .eth name as the wrapper for their deposit address. That's what FunFair did with their token sale [1]. It makes it a lot harder for a hacker or scammer to trick users into sending to the wrong address, since a user-specified identifier can be made far more mnemonic than an Ethereum account address. [1] https://medium.com/@weka/token-sales-done-better-funfair-d38c07a03c0b https://medium.com/@weka/token-sales-done-better-funfair-d38...
deleted 9y ago
[deleted]
KirinDave 9y ago
It seems like a neat idea, but do etherium-backed ICOs have any credibility right now? There are so many problems surfacing that it's not clear why anyone can take them at face value.

14 points by hamburglar1 9y ago

I could see this being successful by undercutting the Upwork fees alone

This looks suspiciously like overt advertising for another useless ICO, 50% of which is premined and 30% (make that 40% including "bonuses" & "marketing") of that is going to the "founders". If this coin ever hits an exchange I would short it hard, there's no platform, no demo, the whitepaper is 13 pages of tosh "Microsoft Word - CoinJob Whitepaper V1.3.docx" "Day 1: 1ETH = 1200XCJ" So with 200m tokens at 1200 eth each, that's $26,000,000 so they only want 780,000 for marketing and 780,000 for bonuses And how much is going to the founders? $3,640,000, there are four of them so skim a little marketing and bonus money and that's 1m each.

chisleu 9y ago
This is an ICO that is apparently to fund the creation of the platform itself.
- nannal 9y ago
  at $2,600,000, it's not a cheap platform to build apparently. This is a blatant cash grab
  - chisleu 9y ago
    Oh, I agree.
jraines 9y ago
A lot of the ICO "whitepapers" are comedy gold
- JamieF1 9y ago
  Just like http://Fomocoin.org/whitepaper.pdf http://Fomocoin.org/whitepaper.pdf Disclosure: I wrote this "whitepaper"

jraines 9y ago

Congrats to them for front-paging this ;) I've heard some people say that most ICOs wouldn't stand a chance at getting VC funding. So, investors of HN, what say you of this one? To me, the first question is why does this need its own token rather than just using Ether? I can maybe see appcoins making sense for something like Status (mobile messenger platform trying to be the crypto WeChat), but this seems too small even if it's a success to merit a separate token.

nannal 9y ago
Because if they didn't make a useless token, they couldn't sell the useless token
- synaesthesisx 9y ago
  I don't think anyone is going to buy their useless token, in this case.
  - repomies6999 9y ago
    There ia a token named "useless ethereum token" which is created as a joke. And people are buying it. I think they habe sold at least 5 grands worth of it.
keymone 9y ago
i wonder how expensive is it to frontpage something on HN.
- deleted 9y ago
  [deleted]
- jraines 9y ago
  Free, probably. It doesn't take much. I imagine this gets flagkilled pretty soon. (And just to be clear, my wink above is just b/c I thought it was kind of funny, not b/c I have anything to do with it)

byoung2 9y ago

What's with the verify endpoint. If a hacker changed the address, couldn't they change the verify endpoint too?

Jabanga 9y ago
Token sales should always use a .eth name as the wrapper for their deposit address. That's what FunFair did with their token sale [1]. It makes it a lot harder for a hacker or scammer to trick users into sending to the wrong address, since a user-specified identifier can be made far more mnemonic than an Ethereum account address. [1] https://medium.com/@weka/token-sales-done-better-funfair-d38c07a03c0b https://medium.com/@weka/token-sales-done-better-funfair-d38...

deleted 9y ago

[deleted]

KirinDave 9y ago

It seems like a neat idea, but do etherium-backed ICOs have any credibility right now? There are so many problems surfacing that it's not clear why anyone can take them at face value.