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Ethereum also had an ICO (paid in Bitcoin) and it delivered. Cosmos held an ICO and delivered. Not all ICOs are scams.

by seibelj 7y ago

sieabahlpark 7y ago
I think the point is those are the outliers and the majority are scams.
- fastball 7y ago
  Ethereum is an outlier in the cryptocurrency world? Ethereum is the reason there have been so many ICOs in the past 3 years.
  - pxndxx 7y ago
    Yes, Ethereum is an outlier in the sense its ICO wasn't a complete scam.
    - jfk13 7y ago
      So it was a non-scam ICO in support of a platform for facilitating scam ICOs? Great.
      - gowld 7y ago
        You may not like how it's, but it's not fraudulent nor illegal. Similar to to sellers of alcohol, tobacco, or firearms operating legally.
      - dangero 7y ago
        You could make similar arguments about US Dollars
- rolltiide 7y ago
  thats not distinct from funding models that you respect, don't you find that at least weird?
will_brown 7y ago
>Ethereum also had an ICO (paid in Bitcoin) and it delivered. According to the SEC it was also an illegal offering of a security, and its receiving special treatment bc they considered it to have matured and no longer be considered a security, therefore grandfathered its grandfathered in unlike any other ICO. No one else is going to have the good fortune of being able to offer an unregistered security then mature into a non-security with the SEC acting first.
- nwalker85 7y ago
  ....which is the point of this lawsuit, the determine if an ICO is a security or not.
- magnamerc 7y ago
  ETH is more of a commodity than a share in some enterprise.
abalone 7y ago
They “delivered” only because they sold wheelbarrows to the 49ers. As gold rush history will tell you, most fortunes were made by merchants not miners. Name a non-ICO-infrastructure ICO that isn’t a scam.
- village-idiot 7y ago
  Ethereum as infrastructure is also a dicey proposition. It works, slowly, but it doesn’t seem like there’s a lot of demand for “dapps” outside ICO tokens, gambling, and the odd Ponzi scheme. The smart contract revolution at this point is complete vapor ware.
  - DennisP 7y ago
    Other popular smart contracts right now: an ETH-backed token that uses a derivative to maintain a fairly stable value, the Uniswap decentralized exchange, and games with non-fungible tokens for player assets.
    - dangero 7y ago
      “popular”
      - DennisP 7y ago
        At its peak the stablecoin contract held $2 billion, I'd say that's reasonably popular. None of this stuff is ready for the mass market because scaling is so limited, but that's on track to get about 1000X better over the next two years.
  - RexetBlell 7y ago
    Ethereum is currently being used for decentralized finance. It's not vaporware at all: https://defipulse.com/ https://defipulse.com/
    - dangero 7y ago
Ihfhcub 7y ago
What did Ethereum delivery? What works on their centralised house of cards network?
deleted 7y ago
[deleted]

Ethereum also had an ICO (paid in Bitcoin) and it delivered. Cosmos held an ICO and delivered. Not all ICOs are scams.

sieabahlpark 7y ago

I think the point is those are the outliers and the majority are scams.

fastball 7y ago
Ethereum is an outlier in the cryptocurrency world? Ethereum is the reason there have been so many ICOs in the past 3 years.
- pxndxx 7y ago
  Yes, Ethereum is an outlier in the sense its ICO wasn't a complete scam.
  - jfk13 7y ago
    So it was a non-scam ICO in support of a platform for facilitating scam ICOs? Great.
    - gowld 7y ago
      You may not like how it's, but it's not fraudulent nor illegal. Similar to to sellers of alcohol, tobacco, or firearms operating legally.
    - dangero 7y ago
      You could make similar arguments about US Dollars
rolltiide 7y ago
thats not distinct from funding models that you respect, don't you find that at least weird?

will_brown 7y ago

>Ethereum also had an ICO (paid in Bitcoin) and it delivered. According to the SEC it was also an illegal offering of a security, and its receiving special treatment bc they considered it to have matured and no longer be considered a security, therefore grandfathered its grandfathered in unlike any other ICO. No one else is going to have the good fortune of being able to offer an unregistered security then mature into a non-security with the SEC acting first.

nwalker85 7y ago
....which is the point of this lawsuit, the determine if an ICO is a security or not.
magnamerc 7y ago
ETH is more of a commodity than a share in some enterprise.

abalone 7y ago

They “delivered” only because they sold wheelbarrows to the 49ers. As gold rush history will tell you, most fortunes were made by merchants not miners. Name a non-ICO-infrastructure ICO that isn’t a scam.

village-idiot 7y ago
Ethereum as infrastructure is also a dicey proposition. It works, slowly, but it doesn’t seem like there’s a lot of demand for “dapps” outside ICO tokens, gambling, and the odd Ponzi scheme. The smart contract revolution at this point is complete vapor ware.
- DennisP 7y ago
  Other popular smart contracts right now: an ETH-backed token that uses a derivative to maintain a fairly stable value, the Uniswap decentralized exchange, and games with non-fungible tokens for player assets.
  - dangero 7y ago
    “popular”
    - DennisP 7y ago
      At its peak the stablecoin contract held $2 billion, I'd say that's reasonably popular. None of this stuff is ready for the mass market because scaling is so limited, but that's on track to get about 1000X better over the next two years.
- RexetBlell 7y ago
  Ethereum is currently being used for decentralized finance. It's not vaporware at all: https://defipulse.com/ https://defipulse.com/
  - dangero 7y ago

Ihfhcub 7y ago

What did Ethereum delivery? What works on their centralised house of cards network?

deleted 7y ago

[deleted]