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Looks like the Storj coin is trading higher now than when it first launched. https://coinmarketcap.com/assets/storj/ https://coinmarketcap.com/assets/storj/ T
by axiom 9y ago
Looks like the Storj coin is trading higher now than when it first launched.
https://coinmarketcap.com/assets/storj/ https://coinmarketcap.com/assets/storj/
The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.
- nebabyte 9y agoThere was that SEC report a while back that sounded like it was gonna end the wild west era of ICOs, and though I don't keep up with ICO news I haven't heard of any big new launches in a while.
- adamnemecek 9y agoThe thing is that icos can just move abroad.
- isubkhankulov 9y agoonly if they also exclude US persons
- oh_sigh 9y agoHow would the US enforce that? Especially if ico runners remain anonymous
- davidgerard 9y agoThey're frequently tied to actual companies with known principals.
- nebabyte 9y agoThe ICOs enforce that, because there is no one who will stand in the USG's way from fucking them up if they don't. How many ICOs have you heard of with anonymous-only distribution?
- napoleoncomplex 9y agoMy impression is that it has accelerated if anything. Random teams are raising 5-10m$ daily, and people who missed out on the first wave a few months ago are now gearing up to be a part of the second wave. A good overview of the amount of these things is here: https://www.icoalert.com/ https://www.icoalert.com/ Not all of them will raise successfully, but the percentage is way higher than you would expect. Not to mention some of the longer ongoing sales, such as EOS, with 200m+$ raises. Either way, it's still quite insane out there.
- davidgerard 9y agoAlmost all crypto market action is in China. And the ICO market there is so pathological that it's the exchanges asking for regulation. http://news.8btc.com/okcoin-ceo-host-non-public-ico-regulation-meeting-in-beijing http://news.8btc.com/okcoin-ceo-host-non-public-ico-regulati...
- mdpopescu 9y agoThe incumbents are always in favor of regulation, it prevents competition.
- davidgerard 9y agoI think in this case it's more that they already have various governments breathing down their necks, so a show of regulation is just the thing - and trying to blame the terrible assets they're trading, rather than being blamed themselves for putting them up for trading.
- to3m 9y agoIt is in dollar terms, but not in BTC terms...
- csomar 9y agoIt's a crypto bull market. Most of the coins are at all time highs.