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> All of the employees can exit if they choose That's assuming there are enough willing buyers around who'll offer them cash for those tokens. I don't know any
by jfk13 8y ago
> All of the employees can exit if they choose
That's assuming there are enough willing buyers around who'll offer them cash for those tokens. I don't know anything about Cosmos in particular, but it often seems much easier to find facilities for exchanging fiat money for crypto tokens of some kind than vice versa.
Obviously, someone is selling the tokens and getting real money in exchange, but if we don't all have equal access to that market as sellers, something smells fishy...
- seibelj 8y agoThey did an ICO a few years ago, and 1100 people bought in at 10 cents. Now they can sell at $4.50. Not a bad return, and they actually delivered a valuable product, which is shows not every ICO was a scam.
- Nursie 8y agoI'm not seeing a product there, just another page full of blurb about frameworks and blockchains layered upon blockchains. After scanning the front page I'm no wiser as to what they're trying to deliver, what problems are addressed, what any use-cases might be. I'm getting the exact same architecture-astronaut feeling I get about most blockchain companies. We have a highly scalable bar of interconnected, interchangeable fleems which will allow flurbles to foo more efficiently and faster!
- seibelj 8y agohttps://cosmos.network/intro https://cosmos.network/intro We are still in the "creating the low-level protocols" phase of blockchain development, but essentially Cosmos is an SDK to create Proof of Stake blockchains easily, which has traditionally been extremely difficult. Then their SDK allows each chain to communicate easily, which is another extremely difficult feature.
- Nursie 8y agoYeah, like I said, not seeing much of a product there. Doesn't mean it won't be successful, whatever that means in this space, but it doesn't look much like a 'product' to me.
- seibelj 8y agoI work professionally in the space, and not understanding nitty gritty blockchain protocols is like saying you don't understand how audio drivers work, or media codecs, or database locking mechanisms. You won't understand it unless you put the time in to study it. Cosmos is a very interesting and novel technology, and it makes creating an application-specific blockchain perhaps 100x easier (2 orders of magnitude).
- Nursie 8y agoI'm not claiming this is my specialism, just contrasting the claims of a delivered product with a webpage full of nebulous uncertainties. I mean, to say that this project has delivered where others haven't, yet say what it has delivered is yet more blockchain infrastructure is odd to me. I could, sure, I could put in the time to learn the ins and outs of these protocols as you say, but I'm not sure why I would absent any actual use cases. And I'm not seeing any here - It makes flurbing the flooz 100x easier! OK, so .. what use is the flooz? This question is still unanswered AFAICT, and cosmos does nothing to answer it. Or at least its front page does nothing to answer it or anything much else.
- seibelj 8y agoThe same use cases as always - decentralized applications with no central authority operating it, scarce digital assets, global money transfer, elimination of middlemen, and so on. Of course, skeptics such as yourself will say, "all of that is worthless!" But I could not disagree more.
- Nursie 8y ago