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Separating bad actors and their crypto from good actors and their crypto is where were headed next. Lessons in due diligence apply to crypto just as with any ot

Separating bad actors and their crypto from good actors and their crypto is where were headed next. Lessons in due diligence apply to crypto just as with any other investment vehicle but it seems many have missed this. The crypto space is being refined, which is a good thing.

JumpCrisscross 9y ago
> The crypto space is being refined, which is a good thing Honest question, is this a parody account?
- qsymmachus 9y ago
  https://en.wikipedia.org/wiki/Poe%27s_law https://en.wikipedia.org/wiki/Poe%27s_law
sverige 9y ago
Yes, I am confident that there are as many good actors in cryptocurrencies as there are in any other multi-level marketing scheme.
- KasianFranks 9y ago
  Many of them are MLMs but I'm referring to the ones that are not, the ones that actually using the crypto capital for true innovation.
  - mrep 9y ago
    Name 1 that has used that capital to achieve over 10$ million in profit per year.
    - KasianFranks 9y ago
      It's early days. Think Netscape.
      - richardknop 9y ago
        It's not so early. People have been developing apps on top of Bitcoin Blockchain for years now. Ethereum has been almost 2 and half years ago. I am not expecting any unicorns like Google/Facebook but at least couple of dapps with actual customers (e.g. not couple hundred crypto fanatics that sign up to every dapp just to pump the price) that are growing revenue and customer base and seem like a legitimate business. I've been following crypto space for a long time but can't think of any blockchain app like that. Only money making companies are exchanges which make money from fees because of the mania and all the people trying to flip tokens to make big bucks and quickly sell to other noobs, but exchanges are old fashioned companies with centralised databases and Java/.NET codebase, they are not actual dapps.
        ncallaway 9y ago
        Think back to when people had been building websites for 2 years on the internet. It's still early days. 2 years feels like a long time, but it's not that long.
        CPLX 9y ago
        I was there, it was great. Suddenly I could access tons of information, save hundreds of dollars by sending emails instead of long distance calling, look up airline schedules, download lists of jokes, find local singles looking to mingle, browse mail order catalogs, read recipes, or order books from a small Seattle company with a huge selection. The personal real-world benefits of the www were real and obvious and constantly improving. What has the blockchain actually done for people on a daily basis?
        FabHK 9y ago
        The WWW was developed 1989, first software (browser) in 1990, first websites went live in 1991, Mosaic came out in 1993, and things really exploded from 1994 on, with Amazon, Spiegel Online (German weekly newspaper), Pizza Hut, The Economist, etc. all going online. Dotcom bubble was 1997 to 2001. Bitcoin white paper came out in 2008, first software release in 2009. With comparable development, we'd have expected an explosion of usage and applications from 2013 already (that didn't happen), and a bubble about 2016 to 2020 (that arguably did happen). At any rate, the WWW was super useful (and was being extensively used) pre- and during the bubble. You cannot say the same about cryptocurrencies. (And by the way, during the dotcom bubble there were several companies, such as Flooz and Beenz, offering digital currencies. They're all defunct now. If only they had been decentralised on the blockchain...)
    - tim333 9y ago
      Kucoin (KCS)
iuguy 9y ago
If only there was a token that could be used to verify reputation, stored on the blockchain...
Theodores 9y ago
The author was more saying that this was going to be new way to fund startups, with coins that get speculatively gambled. So rather than crypto-coins being used as per the original dream of wonderful decentralised money with no payment fees and 'better than gold' store of wealth, in fact these coins are going to be the new way for companies to raise capital for taking their startup to the next level - so crypto-alt-coins are going to be replacing 'Kickstarter', 'YC' as well as the big VC companies as cited in the article. So then the merit of a coin will be 'backed' by business fundamentals, i.e. is the business any good? So think of crypto-coins as shares, not this magic bean currency and everyone is a winner.
richardknop 9y ago
According to your profile you are doing a new ICO so obviously you would defend them.

JumpCrisscross 9y ago

> The crypto space is being refined, which is a good thing Honest question, is this a parody account?

qsymmachus 9y ago
https://en.wikipedia.org/wiki/Poe%27s_law https://en.wikipedia.org/wiki/Poe%27s_law

sverige 9y ago

Yes, I am confident that there are as many good actors in cryptocurrencies as there are in any other multi-level marketing scheme.

KasianFranks 9y ago
Many of them are MLMs but I'm referring to the ones that are not, the ones that actually using the crypto capital for true innovation.
- mrep 9y ago
  Name 1 that has used that capital to achieve over 10$ million in profit per year.
  - KasianFranks 9y ago
    It's early days. Think Netscape.
    - richardknop 9y ago
      It's not so early. People have been developing apps on top of Bitcoin Blockchain for years now. Ethereum has been almost 2 and half years ago. I am not expecting any unicorns like Google/Facebook but at least couple of dapps with actual customers (e.g. not couple hundred crypto fanatics that sign up to every dapp just to pump the price) that are growing revenue and customer base and seem like a legitimate business. I've been following crypto space for a long time but can't think of any blockchain app like that. Only money making companies are exchanges which make money from fees because of the mania and all the people trying to flip tokens to make big bucks and quickly sell to other noobs, but exchanges are old fashioned companies with centralised databases and Java/.NET codebase, they are not actual dapps.
      - ncallaway 9y ago
        Think back to when people had been building websites for 2 years on the internet. It's still early days. 2 years feels like a long time, but it's not that long.
        CPLX 9y ago
        I was there, it was great. Suddenly I could access tons of information, save hundreds of dollars by sending emails instead of long distance calling, look up airline schedules, download lists of jokes, find local singles looking to mingle, browse mail order catalogs, read recipes, or order books from a small Seattle company with a huge selection. The personal real-world benefits of the www were real and obvious and constantly improving. What has the blockchain actually done for people on a daily basis?
        FabHK 9y ago
        The WWW was developed 1989, first software (browser) in 1990, first websites went live in 1991, Mosaic came out in 1993, and things really exploded from 1994 on, with Amazon, Spiegel Online (German weekly newspaper), Pizza Hut, The Economist, etc. all going online. Dotcom bubble was 1997 to 2001. Bitcoin white paper came out in 2008, first software release in 2009. With comparable development, we'd have expected an explosion of usage and applications from 2013 already (that didn't happen), and a bubble about 2016 to 2020 (that arguably did happen). At any rate, the WWW was super useful (and was being extensively used) pre- and during the bubble. You cannot say the same about cryptocurrencies. (And by the way, during the dotcom bubble there were several companies, such as Flooz and Beenz, offering digital currencies. They're all defunct now. If only they had been decentralised on the blockchain...)
  - tim333 9y ago
    Kucoin (KCS)

iuguy 9y ago

If only there was a token that could be used to verify reputation, stored on the blockchain...

Theodores 9y ago

The author was more saying that this was going to be new way to fund startups, with coins that get speculatively gambled. So rather than crypto-coins being used as per the original dream of wonderful decentralised money with no payment fees and 'better than gold' store of wealth, in fact these coins are going to be the new way for companies to raise capital for taking their startup to the next level - so crypto-alt-coins are going to be replacing 'Kickstarter', 'YC' as well as the big VC companies as cited in the article. So then the merit of a coin will be 'backed' by business fundamentals, i.e. is the business any good? So think of crypto-coins as shares, not this magic bean currency and everyone is a winner.

richardknop 9y ago

According to your profile you are doing a new ICO so obviously you would defend them.