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Filecoin is one of the ones I'd stay far away from. VCs got in before anyone else with special preferences, which taints the whole project. There are alternativ

Filecoin is one of the ones I'd stay far away from. VCs got in before anyone else with special preferences, which taints the whole project. There are alternatives which don't come with the VC problem attached to them.

j_s 9y ago
What is your recommended alternative? Is there any unusual involvement beyond participation as a user that you should probably disclose?
- shepardrtc 9y ago
  Sia
- brndnmtthws 9y ago
  Sia is more legitimate. I don't own any Siacoin or Filecoin, but I would hold Siacoin if it was supported by the Ledger hardware wallet.
  - hobofan 9y ago
    https://sia.tech/funding2016/ https://sia.tech/funding2016/ ? How is this any different? I realize that this doesn't concern an ICO, but still there is plenty of VC involvement to "taint" the project.
    - brndnmtthws 9y ago
      Sia didn't do an ICO. Every coin has been mined, with no premine (although I assume the developers mined the first few blocks at least). The investors could have mined too, if they wanted, along with anyone else. This seems more egalitarian to me.
    - deleted 9y ago
      [deleted]
ringaroundthetx 9y ago
Most token sales are like this. There is no difference from the equity markets in this regard, except its WAY more liquid, WAY faster route to liquidity, AND there is no dilution. Sorry private equity, step to the left. Sorry egalitarian peons, take what you can get.
- otoburb 9y ago
  >>AND there is no dilution. There's no dilution unless token stewards (usually structured as non-profit foundations) decide to increase the overall supply of tokens.
  - ringaroundthetx 9y ago
    If they kept a treasury then they can add supply to the market which wasn't already in the trading float. The contracts themselves typically don't allow for more units to be created, unlike shares. Contracts can be structured that way, like Numeraire's.
hobofan 9y ago
So what is your opinion on Ethereum, given the knowledge that one of its co-founders was awarded a Thiel Fellowship?
- brndnmtthws 9y ago
  There wasn't any Ethereum ICO. Every ETH was mined.
  - SippinLean 9y ago
    I'm not sure they were calling it an ICO around then, but there was absolutely an online public crowdsale in 2014.
    - brndnmtthws 9y ago
      You're correct, my bad.

j_s 9y ago

What is your recommended alternative? Is there any unusual involvement beyond participation as a user that you should probably disclose?

shepardrtc 9y ago
Sia
brndnmtthws 9y ago
Sia is more legitimate. I don't own any Siacoin or Filecoin, but I would hold Siacoin if it was supported by the Ledger hardware wallet.
- hobofan 9y ago
  https://sia.tech/funding2016/ https://sia.tech/funding2016/ ? How is this any different? I realize that this doesn't concern an ICO, but still there is plenty of VC involvement to "taint" the project.
  - brndnmtthws 9y ago
    Sia didn't do an ICO. Every coin has been mined, with no premine (although I assume the developers mined the first few blocks at least). The investors could have mined too, if they wanted, along with anyone else. This seems more egalitarian to me.
  - deleted 9y ago
    [deleted]

ringaroundthetx 9y ago

Most token sales are like this. There is no difference from the equity markets in this regard, except its WAY more liquid, WAY faster route to liquidity, AND there is no dilution. Sorry private equity, step to the left. Sorry egalitarian peons, take what you can get.

otoburb 9y ago
>>AND there is no dilution. There's no dilution unless token stewards (usually structured as non-profit foundations) decide to increase the overall supply of tokens.
- ringaroundthetx 9y ago
  If they kept a treasury then they can add supply to the market which wasn't already in the trading float. The contracts themselves typically don't allow for more units to be created, unlike shares. Contracts can be structured that way, like Numeraire's.

hobofan 9y ago

So what is your opinion on Ethereum, given the knowledge that one of its co-founders was awarded a Thiel Fellowship?

brndnmtthws 9y ago
There wasn't any Ethereum ICO. Every ETH was mined.
- SippinLean 9y ago
  I'm not sure they were calling it an ICO around then, but there was absolutely an online public crowdsale in 2014.
  - brndnmtthws 9y ago
    You're correct, my bad.