3 ms·
When the majority of ICOs start to crash and burn (and the house of cards will fall), no one with a shred of legitimacy will want to be associated with the proc
by Obi_Juan_Kenobi 9y ago
When the majority of ICOs start to crash and burn (and the house of cards will fall), no one with a shred of legitimacy will want to be associated with the process. It's just too toxic, with too much room for bad actors to operate.
I'm hugely bullish on Bitcoin and crypto in general, but ICOs are like a bad joke that won't die (look at e.g. https://icowatchlist.com/ https://icowatchlist.com/ and tell me that isn't a fucking farce). I'd love for ICOs to be able to democratize investing, but the information asymmetry is too large. At best, you enable tech workers to make some more money if they're smart and understand a particular business space.
No, a 'blockchain powered' competitor to WeWork (i.e. Primalbase) and the billion other office-share companies isn't going to find any competitive advantage with Ether. None whatsoever. Yet they managed to fleece millions out of gullible investors. Tell me, do you honestly think that's a 7 million dollar idea? Oh, sorry, closer to 9 million when you count the non-public tokens. Late to the game in a super-saturated market that's 99% real estate? Have fun, I guess.
At least your Airtoken thing doesn't reek of scam; there's something actually distributed and blockchain-y going on there. Perhaps you guys are completely legit; if so, kudos. I hope you don't get dragged down with the rest of the charlatans.
But take off the blinders and take an honest look at what is going on.
- thecupisblue 9y agoWord. So many scams around and so many people buying just to "trade" and earn some money, it's making the space a huge stink for anyone interested in real crypto work.