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Hopefully the SEC actually finds a good one to leave alone. but I am guessing that will be a challenge for them. The entire landscape of ico could be decimated

Hopefully the SEC actually finds a good one to leave alone. but I am guessing that will be a challenge for them. The entire landscape of ico could be decimated and nothing of value would be lost.

pwaai 8y ago
your comment will shortly be downvoted people involved in ICO and the idiots that bought into it. I'm sorry but HN has changed dramatically since this crypto craze. It's invited a lot of charlatans, and weird vote manipulations to drive the narrative. Not just with crypto but that alt right trash Damore who committed career suicide had strange number of new accounts in the comments and it was like seeing reddit.
- paulie_a 8y ago
  I know it will but I don't honestly care about downvotes. It is hilarious that people are so dedicated to these obvious scams though. Literally every ico is a scam aimed at idiots. Honestly if I met someone that outright said they sell cocaine I would have more respect for them than anyone involved in an ICO
  - pwaai 8y ago
    I think it's one of those sunk cost fallacy. Because you put your reputation and social credit as collateral for a large expected return, you have no choice but to keep living the lie. Like that aussie dude who keeps telling people he is satoshi. He told the lie for so long that he refuses the remotest possibility that he is amongst the very small minority of people he surrounded himself with that reinforces his reality. The facts don't matter to religious fanatics. They are simply pawns of sociopathic tendencies.
  - s73v3r_ 8y ago
    "Literally every ico is a scam aimed at idiots." Well, if you were planning a scam, would you aim it at smart people? Seems similar to the reason why so many of those scam emails have terrible grammar: they want to weed out anyone smart enough to recognize the scam.
- woah 8y ago
  It's actually the opposite: HN has always had a large contingent of rabid cryptocurrency haters. These commenters show up in large numbers on even highly technical discussions to spam their off-topic pronouncements of moral outrage.
  - pwaai 8y ago
    literally within minutes of you writing, my comments against ICOs and showing doubt and criticism in crypto/blockchain were downvoted.
    - Aramgutang 8y ago
      You were likely downvoted because: 1. As @woah said, your statement is incorrect, HN has more vocal crypto opponents than supporters. 2. You needlessly called people "idiots". 3. Your comment was rambling and mostly consisted of whinging and name-calling. 4. HN Guidelines frown on commenting about the voting on comments (yes, I know that's what I'm doing too).
  - simias 8y ago
    You're right that there are more opponents than cryptocurrency fanboys on HN but saying that they only "spam off-topic pronouncements of moral outrage" you have a very selective reading. There is no shortage of technical issues with everything cryptocurrency-related.
- throwaway37585 8y ago
  On what basis do you claim James Damore is “alt right” [1]? It sounds like you’re just making up lies. [1] http://money.cnn.com/2017/08/15/technology/culture/james-damore-interview/index.html http://money.cnn.com/2017/08/15/technology/culture/james-dam...
sjg007 8y ago
You could probably do the next gen stock market as ICOs
- paulie_a 8y ago
  But why? It has zero benefits.
  - sjg007 8y ago
    Lower transaction costs, more control, easier to trade for small cap companies?

Hopefully the SEC actually finds a good one to leave alone. but I am guessing that will be a challenge for them. The entire landscape of ico could be decimated and nothing of value would be lost.

pwaai 8y ago

your comment will shortly be downvoted people involved in ICO and the idiots that bought into it. I'm sorry but HN has changed dramatically since this crypto craze. It's invited a lot of charlatans, and weird vote manipulations to drive the narrative. Not just with crypto but that alt right trash Damore who committed career suicide had strange number of new accounts in the comments and it was like seeing reddit.

paulie_a 8y ago
I know it will but I don't honestly care about downvotes. It is hilarious that people are so dedicated to these obvious scams though. Literally every ico is a scam aimed at idiots. Honestly if I met someone that outright said they sell cocaine I would have more respect for them than anyone involved in an ICO
- pwaai 8y ago
  I think it's one of those sunk cost fallacy. Because you put your reputation and social credit as collateral for a large expected return, you have no choice but to keep living the lie. Like that aussie dude who keeps telling people he is satoshi. He told the lie for so long that he refuses the remotest possibility that he is amongst the very small minority of people he surrounded himself with that reinforces his reality. The facts don't matter to religious fanatics. They are simply pawns of sociopathic tendencies.
- s73v3r_ 8y ago
  "Literally every ico is a scam aimed at idiots." Well, if you were planning a scam, would you aim it at smart people? Seems similar to the reason why so many of those scam emails have terrible grammar: they want to weed out anyone smart enough to recognize the scam.
woah 8y ago
It's actually the opposite: HN has always had a large contingent of rabid cryptocurrency haters. These commenters show up in large numbers on even highly technical discussions to spam their off-topic pronouncements of moral outrage.
- pwaai 8y ago
  literally within minutes of you writing, my comments against ICOs and showing doubt and criticism in crypto/blockchain were downvoted.
  - Aramgutang 8y ago
    You were likely downvoted because: 1. As @woah said, your statement is incorrect, HN has more vocal crypto opponents than supporters. 2. You needlessly called people "idiots". 3. Your comment was rambling and mostly consisted of whinging and name-calling. 4. HN Guidelines frown on commenting about the voting on comments (yes, I know that's what I'm doing too).
- simias 8y ago
  You're right that there are more opponents than cryptocurrency fanboys on HN but saying that they only "spam off-topic pronouncements of moral outrage" you have a very selective reading. There is no shortage of technical issues with everything cryptocurrency-related.
throwaway37585 8y ago
On what basis do you claim James Damore is “alt right” [1]? It sounds like you’re just making up lies. [1] http://money.cnn.com/2017/08/15/technology/culture/james-damore-interview/index.html http://money.cnn.com/2017/08/15/technology/culture/james-dam...

sjg007 8y ago

You could probably do the next gen stock market as ICOs

paulie_a 8y ago
But why? It has zero benefits.
- sjg007 8y ago
  Lower transaction costs, more control, easier to trade for small cap companies?