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You can't generalize and say all ICOs are scams. Sure, a lot of them are useless. But look at NEO (formerly Antshares). It had an ICO a while ago and it's becom

You can't generalize and say all ICOs are scams. Sure, a lot of them are useless. But look at NEO (formerly Antshares). It had an ICO a while ago and it's becoming a top crypto.

aitrean 9y ago
Hahahahahaha... ha... you probably haven't read their codebase if you really think that. Tell me, how many of their promised features do you think they've implemented?
JumpCrisscross 9y ago
> You can't generalize and say all ICOs are scams Honest question. Is there a single ICO where one can use the tokens to redeem a good or service which cannot otherwise be procured and which is improved by way of using a token to purchase it instead of cash?
- Etheryte 9y ago
  Bonus question, is there a good or service with the aforementioned properties which also isn't illegal?
- TeMPOraL 9y ago
  I can name one potential case, pretty much the only ICO so far I still think might be actually useful - Filecoin. The idea is to use the cryptocoin to provide an incentive layer for people to pin each others' stuff on IPFS. You could technically use dollars for the same purpose, except the required micropayment infrastructure doesn't exist, and AFAIR (from reading the whitepaper), Filecoin has a nice, integrated way of ensuring the counterparty is actually rehosting your data - so together with IPFS, this has the potential to create a distributed, bandwidth-efficient, universal CDN network. I say potential case, because while the goal seems noble, so far I don't see the tokens available, and it seems the project is still knee-deep in some mathematical and technological issues around the coin itself.
weego 9y ago
You've picked a bad example. NEO is likely a long con based on how much actual work has ever been done on it
- twostorytower 9y ago
  They have an ambitious roadmap and a long way to go. Maybe it will fail, but so do most startups and projects. But right now, whether you think it's a worthless token or not, the market values it insanely highly (3,166X the ICO price of $0.036) and any token holder can sell it this instant and get liquidity. So how is that a scam?

You can't generalize and say all ICOs are scams. Sure, a lot of them are useless. But look at NEO (formerly Antshares). It had an ICO a while ago and it's becoming a top crypto.

aitrean 9y ago

Hahahahahaha... ha... you probably haven't read their codebase if you really think that. Tell me, how many of their promised features do you think they've implemented?

JumpCrisscross 9y ago

> You can't generalize and say all ICOs are scams Honest question. Is there a single ICO where one can use the tokens to redeem a good or service which cannot otherwise be procured and which is improved by way of using a token to purchase it instead of cash?

Etheryte 9y ago
Bonus question, is there a good or service with the aforementioned properties which also isn't illegal?
TeMPOraL 9y ago
I can name one potential case, pretty much the only ICO so far I still think might be actually useful - Filecoin. The idea is to use the cryptocoin to provide an incentive layer for people to pin each others' stuff on IPFS. You could technically use dollars for the same purpose, except the required micropayment infrastructure doesn't exist, and AFAIR (from reading the whitepaper), Filecoin has a nice, integrated way of ensuring the counterparty is actually rehosting your data - so together with IPFS, this has the potential to create a distributed, bandwidth-efficient, universal CDN network. I say potential case, because while the goal seems noble, so far I don't see the tokens available, and it seems the project is still knee-deep in some mathematical and technological issues around the coin itself.

weego 9y ago

You've picked a bad example. NEO is likely a long con based on how much actual work has ever been done on it

twostorytower 9y ago
They have an ambitious roadmap and a long way to go. Maybe it will fail, but so do most startups and projects. But right now, whether you think it's a worthless token or not, the market values it insanely highly (3,166X the ICO price of $0.036) and any token holder can sell it this instant and get liquidity. So how is that a scam?