3 ms·
I understand the appeal of ICOs and cryptocurrencies and distributed storage that is automatically shared, decentralized, etc etc. But a part of me says "is thi
by rburhum 9y ago
I understand the appeal of ICOs and cryptocurrencies and distributed storage that is automatically shared, decentralized, etc etc. But a part of me says "is this complexity necessary?". The appeal of a service like Dropbox is that it is simple. Most engineer friends I had at the time when services like Box and Dropbox started popping up, laughed at the idea... "It is just a fancy ftp". Now they all use these services in one way or another.
Simplicity is often an important overlooked killer feature.
And this is exactly the polar oppossite of that!
A friend of mine that has been doing ICOs behind the scenes (there is an entire methodology that makes them successful that include some questionable marketing techniques) has been pushing me to do an ICO. But one of the requirements is that the service you provide is directly tied to the currency itself. This file storage service is a perfect example of that. A cryptocurrency looking for a service that works with a paradigm vs a service that just centers on being useful for customers. I am just not interested in doing that...
I can't deny that this has been useful and profitable for him. Here has been doing successful multimilliondollar ICOs where he charges 100k a pop. To me, it just seems like such a scam to take advantage of this bubble, that I'd rather just build a healthy successful business "the old way"
- ve55 9y agoSo they're basically an ICO consultant or contractor? It looks like it's just as profitable to him as it sounds. As far as those marketing techniques go, I'm aware of a lot of them such as paying for press releases or articles and paying users to shill their ICO everywhere, buying twitter followers, etc, but I wonder how much worse it gets. I guess it depends on the ICO and those behind it, some obviously 'just' use shady tactics while others completely lie and defraud investors.
- rburhum 9y agosadly much worse. Without getting into many details, part of the tactics involves writing a pseudo paper and then getting endorsements from high profile people within a specific community. It is legal, but shady as hell IMHO.
- thisisit 9y agoIf I may, what methodology is there exactly?
- rburhum 9y agosee my other reply
- patrickaljord 9y ago> Simplicity is often an important overlooked killer feature. > And this is exactly the polar oppossite of that! I totally agree but this project seems to be still in alpha state. Have they advertised any kind of stable end-user friendly release yet? It doesn't look like it and therefor attacking the user-friendliness of the project seems a bit pre-mature, I'm sure the first alpha version of dropbox was unusable too by common people it's just that this project is open source and therefor anyone can give it a try before it gets stable.