6 ms·

Cryptocurrencies Come to Campus

46 points by montrose 9y ago

IntronExon 9y ago
Sorry!
- dang 9y ago
  On HN, it doesn't count as a dupe until the story has had significant attention. Please see the bit about reposts in https://news.ycombinator.com/newsfaq.html https://news.ycombinator.com/newsfaq.html. We have this policy to allow good stories multiple cracks at the bat. What gets noticed on /newest is too random otherwise, and the goal is to help the best stories get noticed. Also, the convention on HN is to link to previous submissions of an article only when they had an interesting discussion. Otherwise users click on the link, find no there there, and get ornery.
  - IntronExon 9y ago
    Sorry about that, I’ll reread that link and avoid this in future.
- devereaux 9y ago
  Factually true, but the previous link wasn't discussed. I would like to know more about these students interest for crypto. Previously, most teens and young adults didn't care about the stock market and trading. It wasn't considered cool. Now we have a generation that is hooked. They follow their investment on their cellphone, they take positions on a whim, and yet still to be reacting more logically than older investors [1]. I want to know what they are interested in, to sell them products they will like. 1: https://www.cnbc.com/2018/02/08/younger-investors-are-remaining-calm-during-this-sell-off.html https://www.cnbc.com/2018/02/08/younger-investors-are-remain...
devereaux 9y ago
I would like to know more about these students interest for crypto. Previously, most teens and young adults didn't care about the stock market and trading. It wasn't considered cool. Now we have a generation that is hooked. They follow their investment on their cellphone, they take positions on a whim, and yet still to be reacting more logically than older investors [1]. I want to know what they are interested in, to sell them products they will like. 1: https://www.cnbc.com/2018/02/08/younger-investors-are-remain.. https://www.cnbc.com/2018/02/08/younger-investors-are-remain....
- tzahola 9y ago
  More logically?? Putting your money in shitcoins or outright pyramid schemes without SEC guarantees is being logical?
  - devereaux 9y ago
    Yes, it is very logical: anyone can buy a lottery ticket, but only accredited investors can invest in legitimate companies. Looks like there's a lot of room in the middle for people who are not stupid and don't want to be left out.
- nrhk 9y ago
  The younger generations loves this because where else are you going to get 10x your money in a year. We weren't so fascinated with it pre 2013. I think my generation being intrinsically digital find the idea of digital money and smart contracts to make hell of a lot more sense than older folks who've been working and realize the immense challenges of implementing these currencies. Naturally they find the challenges to be worth more than what Crypto can provide because they lack the need to a digitally connected physical world younger folks desire.
  - devereaux 9y ago
    Maybe I'm off, but I feel that as a desire to refuse to play a rigged game. I am "intrinsically digital" too, but just off by a few years so nobody talked about crypto at school even a year ago. Still, it makes a hell of a lot more sense! I don't know about you, but I've noticed quite a few rigged games, and I took action on that. For example, after my work tried one last shenanigan on me last year, I quit. I did not bother applying to another corporate job. I know I'd be paid 70 cents on the dollar and thrown a bone every now and then, so instead I just started my company. Come what may! I don't even bother with pension stuff, because of the system dynamic. I see it as very unfair, and I would be happy to vote to bring it down -- even if it meant I would be 100% sure I would not see anything in return of the money I am forced to pay. But at least, I would not contribute an unfair situation and burden the next generations. I wonder if the generation that daytrade crypto on their cellphone feel the same about money and banking? Maybe they believe that even if it is very far from ideal, crypto is preferable to the status quo?
Animats 9y ago
Name three ICOs that actually got their claimed product out the door and in use. Filecoin [1] raised $200 million last summer. But the actual storage of files hasn't been implemented. This is not going to end well. [1] https://filecoin.io/blog/ https://filecoin.io/blog/
- wyldfire 9y ago
  Please don't throw the baby out with the bathwater. Yes tons of ICOs are pure junk and unfortunately so are many coins. But there are several innovative and useful cryptocoins out there. Unfortunately no one is content with a 30% per annum gain so they all decide that they need to invest in scam ICOs that are brand new.
  - CryptoPunk 9y ago
    The same people who are lambasting token sales now are going to be accusing the token sale model of being unfair in favor of early buyers, when one of these tokens becomes a phenomenal success.
- dna_polymerase 9y ago
  Ethereum. More recently close to no project reached their goal. Yet if we consider the 2017 ICO "batch" we should give them some more time.
- charlesdm 9y ago
  Ethereum. Funfair is also looking good.
  - nwah1 9y ago
    Ethereum is not an ICO, it is a cryptocurrency and a platform, and it hosts approximately zero useful software services. Nobody is eagerly awaiting new features of some blockchain app they use, which makes their life better in any way. They are looking at the price charts.
    - 9y ago

46 points by montrose 9y ago

IntronExon 9y ago

Sorry!

dang 9y ago
On HN, it doesn't count as a dupe until the story has had significant attention. Please see the bit about reposts in https://news.ycombinator.com/newsfaq.html https://news.ycombinator.com/newsfaq.html. We have this policy to allow good stories multiple cracks at the bat. What gets noticed on /newest is too random otherwise, and the goal is to help the best stories get noticed. Also, the convention on HN is to link to previous submissions of an article only when they had an interesting discussion. Otherwise users click on the link, find no there there, and get ornery.
- IntronExon 9y ago
  Sorry about that, I’ll reread that link and avoid this in future.
devereaux 9y ago
Factually true, but the previous link wasn't discussed. I would like to know more about these students interest for crypto. Previously, most teens and young adults didn't care about the stock market and trading. It wasn't considered cool. Now we have a generation that is hooked. They follow their investment on their cellphone, they take positions on a whim, and yet still to be reacting more logically than older investors [1]. I want to know what they are interested in, to sell them products they will like. 1: https://www.cnbc.com/2018/02/08/younger-investors-are-remaining-calm-during-this-sell-off.html https://www.cnbc.com/2018/02/08/younger-investors-are-remain...

devereaux 9y ago

I would like to know more about these students interest for crypto. Previously, most teens and young adults didn't care about the stock market and trading. It wasn't considered cool. Now we have a generation that is hooked. They follow their investment on their cellphone, they take positions on a whim, and yet still to be reacting more logically than older investors [1]. I want to know what they are interested in, to sell them products they will like. 1: https://www.cnbc.com/2018/02/08/younger-investors-are-remain.. https://www.cnbc.com/2018/02/08/younger-investors-are-remain....

tzahola 9y ago
More logically?? Putting your money in shitcoins or outright pyramid schemes without SEC guarantees is being logical?
- devereaux 9y ago
  Yes, it is very logical: anyone can buy a lottery ticket, but only accredited investors can invest in legitimate companies. Looks like there's a lot of room in the middle for people who are not stupid and don't want to be left out.
nrhk 9y ago
The younger generations loves this because where else are you going to get 10x your money in a year. We weren't so fascinated with it pre 2013. I think my generation being intrinsically digital find the idea of digital money and smart contracts to make hell of a lot more sense than older folks who've been working and realize the immense challenges of implementing these currencies. Naturally they find the challenges to be worth more than what Crypto can provide because they lack the need to a digitally connected physical world younger folks desire.
- devereaux 9y ago
  Maybe I'm off, but I feel that as a desire to refuse to play a rigged game. I am "intrinsically digital" too, but just off by a few years so nobody talked about crypto at school even a year ago. Still, it makes a hell of a lot more sense! I don't know about you, but I've noticed quite a few rigged games, and I took action on that. For example, after my work tried one last shenanigan on me last year, I quit. I did not bother applying to another corporate job. I know I'd be paid 70 cents on the dollar and thrown a bone every now and then, so instead I just started my company. Come what may! I don't even bother with pension stuff, because of the system dynamic. I see it as very unfair, and I would be happy to vote to bring it down -- even if it meant I would be 100% sure I would not see anything in return of the money I am forced to pay. But at least, I would not contribute an unfair situation and burden the next generations. I wonder if the generation that daytrade crypto on their cellphone feel the same about money and banking? Maybe they believe that even if it is very far from ideal, crypto is preferable to the status quo?

Animats 9y ago

Name three ICOs that actually got their claimed product out the door and in use. Filecoin [1] raised $200 million last summer. But the actual storage of files hasn't been implemented. This is not going to end well. [1] https://filecoin.io/blog/ https://filecoin.io/blog/

wyldfire 9y ago
Please don't throw the baby out with the bathwater. Yes tons of ICOs are pure junk and unfortunately so are many coins. But there are several innovative and useful cryptocoins out there. Unfortunately no one is content with a 30% per annum gain so they all decide that they need to invest in scam ICOs that are brand new.
- CryptoPunk 9y ago
  The same people who are lambasting token sales now are going to be accusing the token sale model of being unfair in favor of early buyers, when one of these tokens becomes a phenomenal success.
dna_polymerase 9y ago
Ethereum. More recently close to no project reached their goal. Yet if we consider the 2017 ICO "batch" we should give them some more time.
charlesdm 9y ago
Ethereum. Funfair is also looking good.
- nwah1 9y ago
  Ethereum is not an ICO, it is a cryptocurrency and a platform, and it hosts approximately zero useful software services. Nobody is eagerly awaiting new features of some blockchain app they use, which makes their life better in any way. They are looking at the price charts.
  - 9y ago