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This seems like bs. I would look at ICOs that arent clear scams. Using something like icodrops list.

by dk8996 9y ago

viraptor 9y ago
You mean, you'd look at specifically the place which does some initial filtering on submissions to count how many of them are scams? That's starting with a biased sample. That's not how you get good statistics.
- rebuilder 9y ago
  I guess it's a question of who's asking. Practically anyone can whip up an ICO, and there's a finanvial incentive to do o, so obviously the majority of ICOs will be lousy offerings. Knowing how many in total are fraudulent is interesting, but for most people the question is how many of the non-obvious scams are still scams. It's like if you analyzed every piece of fiction ever written and concluded that nearly 100% of fiction is awful. That's probably true without any prefilter, but most people will get their books from a curated selection of some sort and will not find that conclusion very useful. Instead, they'll likely conclude that just 90% of everything is crap. ;)
  - jancsika 9y ago
    The obvious answer to a hungry reader to avoid bad fiction is to read the NYT book review. The answer to a hungry investor to avoid bad ICOs is to... ? The obvious answer seems to me to be "avoid ICOs for the time being." Is there really another obvious answer to that?
    - kolinko 9y ago
      Just like with any other investment - unless you know the subject you plan to invest in, simply don't. It's the same for stock exchanges, properties, and so on. Having said that, there appear sites like IcoDrops (for ICO), and Trivial.co (for post-ICO) that help people make informed decisions.
      - jancsika 9y ago
        What is a sound decentralized app that was curated by IcoDrops where the app depended on blockchain-based tokens and could potentially scale up to millions of users based on that same blockchain? Or that isn't possible, what's a decentralized app that is still valuable technology which doesn't need to scale up like that?

This seems like bs. I would look at ICOs that arent clear scams. Using something like icodrops list.

by dk8996 9y ago

This seems like bs. I would look at ICOs that arent clear scams. Using something like icodrops list.

You mean, you'd look at specifically the place which does some initial filtering on submissions to count how many of them are scams? That's starting with a biased sample. That's not how you get good statistics.

rebuilder 9y ago
I guess it's a question of who's asking. Practically anyone can whip up an ICO, and there's a finanvial incentive to do o, so obviously the majority of ICOs will be lousy offerings. Knowing how many in total are fraudulent is interesting, but for most people the question is how many of the non-obvious scams are still scams. It's like if you analyzed every piece of fiction ever written and concluded that nearly 100% of fiction is awful. That's probably true without any prefilter, but most people will get their books from a curated selection of some sort and will not find that conclusion very useful. Instead, they'll likely conclude that just 90% of everything is crap. ;)
- jancsika 9y ago
  The obvious answer to a hungry reader to avoid bad fiction is to read the NYT book review. The answer to a hungry investor to avoid bad ICOs is to... ? The obvious answer seems to me to be "avoid ICOs for the time being." Is there really another obvious answer to that?
  - kolinko 9y ago
    Just like with any other investment - unless you know the subject you plan to invest in, simply don't. It's the same for stock exchanges, properties, and so on. Having said that, there appear sites like IcoDrops (for ICO), and Trivial.co (for post-ICO) that help people make informed decisions.
    - jancsika 9y ago
      What is a sound decentralized app that was curated by IcoDrops where the app depended on blockchain-based tokens and could potentially scale up to millions of users based on that same blockchain? Or that isn't possible, what's a decentralized app that is still valuable technology which doesn't need to scale up like that?