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I half expect to wake up some morning and find out that someone has figured out the killer app (mass market) for Eth or the blockchain in general, but stuff lik

I half expect to wake up some morning and find out that someone has figured out the killer app (mass market) for Eth or the blockchain in general, but stuff like this also makes me wonder if it can go on indefinitely, without producing any real value other than investing in itself with money hungry crowds and hopefuls (especially those invested) propping it up. It's been years since Eth launched and this and Cryptokitties are about it. Currently investing in a range of different cryptocurrencies requires a lot of technical knowledge. This has spawned the need for easy way to invest while reducing entry barriers. Ex. Is a lack of funding something that's really limiting what's possible there? You'd figure with the millions thrown at projects that don't have anything to show (Eth at the beginning, even), that if there was really some problem searching for a solution, someone would have hit it. I suppose that could seem luddite-ish.

ScJa 9y ago
I don't think it is a lack of funding from project from the ICO side. There are great funds out there which had success after an ICO (like C20, ICONOMI). The quoted comment is addressing traditional investors who possible already manage funds with "real-world" assets and would like to invest at least partly in cryptocurrency as well. I am hoping that these smart contracts might make it easier for them to join and consequently increase adaption of cryptocurrency investments overall.
simias 9y ago
Your comment got me curious to see what ICOs look like nowadays so I went looking for a list of active ICOs. I'm not sure how trustworthy it is but I ended up here: https://iconow.net/ico-listing-active-icos/ https://iconow.net/ico-listing-active-icos/ If I can trust the various websites linked it seems that it's still relatively easy to get millions of dollars worth of "investment" by making a fancy website and a rather vague whitepaper (no previous experience or proof of concept required). The "red lantern" one at the top of the list who claims to be about "sexual education" is pretty transparently a prostitution app whose ICO currently nears $1 million. Looks like it's still the wild west over there.

ScJa 9y ago

I don't think it is a lack of funding from project from the ICO side. There are great funds out there which had success after an ICO (like C20, ICONOMI). The quoted comment is addressing traditional investors who possible already manage funds with "real-world" assets and would like to invest at least partly in cryptocurrency as well. I am hoping that these smart contracts might make it easier for them to join and consequently increase adaption of cryptocurrency investments overall.

simias 9y ago

Your comment got me curious to see what ICOs look like nowadays so I went looking for a list of active ICOs. I'm not sure how trustworthy it is but I ended up here: https://iconow.net/ico-listing-active-icos/ https://iconow.net/ico-listing-active-icos/ If I can trust the various websites linked it seems that it's still relatively easy to get millions of dollars worth of "investment" by making a fancy website and a rather vague whitepaper (no previous experience or proof of concept required). The "red lantern" one at the top of the list who claims to be about "sexual education" is pretty transparently a prostitution app whose ICO currently nears $1 million. Looks like it's still the wild west over there.