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Ask HN: What Happened to ICOs?

15 points by ushakov 7y ago

72deluxe 7y ago
I still use them for the window's main image. Simply put them in your .RC and they'll be embedded as a resource for you to use.
- ushakov 7y ago
  you can tell this guy is old
  - 72deluxe 7y ago
    Darned right! These kids today eh!
Mattasher 7y ago
I worked for a company that was on the vanguard of trying to make ICOs legal and mainstream. Among other problems, there were tensions between trying to achieve regulatory compliance, transparency, and privacy of trades. I worked on a potential solution involving ring signatures, but it never made it into production. There were some other important tensions too, happy to discuss if anyone wants to get into the weeds. FWIW I still would love to see a highly fluid market for shares in small businesses and pre-IPO startups.
- Jugurtha 7y ago
  >FWIW I still would love to see a highly fluid market for shares in small businesses and pre-IPO startups. I would have loved to be able to buy shares for startups I believed would succeed (Tesla, Facebook, LinkedIn, etc.) way before they got to IPO. I live in Algiers, Algeria. Even buying shares of classic public companies is a challenge: I had to email, and call a _lot_ of brokers on the phone and be passed from one extension to the other. I have been denied account creation due to "company policy" reasons. The only one that has accepted to open an account was TD Ameritrade. I'm talking like ten years ago or something. Payments: one virtual card provider after the other dropped support for this geographic location. One payment provider after the other did the same. The are others that pop up every few years that support this geographic location, but the policies change in ways that make it impractical for me. Fashion is more stable that payments support. It's hard to commit to markets without utility like payments.
- unlinked_dll 7y ago
  How do you create such a market without crazy volatility, rampant manipulation and low liquidity, like penny stocks?
songshuu 7y ago
Regulations were the big one. It's hard to magically bootstrap instant utility for tokens. The rest were all trying to either replace fiat or replace stocks, both of which are heavily regulated.
cjbprime 7y ago
The US SEC declared them to be securities offerings, which are extremely heavily regulated.
zzo38computer 7y ago
You should perhaps explain what you mean by "ICOs", rather than only using the abbreviation.

15 points by ushakov 7y ago

I still use them for the window's main image. Simply put them in your .RC and they'll be embedded as a resource for you to use.

ushakov 7y ago
you can tell this guy is old
- 72deluxe 7y ago
  Darned right! These kids today eh!

Mattasher 7y ago

I worked for a company that was on the vanguard of trying to make ICOs legal and mainstream. Among other problems, there were tensions between trying to achieve regulatory compliance, transparency, and privacy of trades. I worked on a potential solution involving ring signatures, but it never made it into production. There were some other important tensions too, happy to discuss if anyone wants to get into the weeds. FWIW I still would love to see a highly fluid market for shares in small businesses and pre-IPO startups.

Jugurtha 7y ago
>FWIW I still would love to see a highly fluid market for shares in small businesses and pre-IPO startups. I would have loved to be able to buy shares for startups I believed would succeed (Tesla, Facebook, LinkedIn, etc.) way before they got to IPO. I live in Algiers, Algeria. Even buying shares of classic public companies is a challenge: I had to email, and call a _lot_ of brokers on the phone and be passed from one extension to the other. I have been denied account creation due to "company policy" reasons. The only one that has accepted to open an account was TD Ameritrade. I'm talking like ten years ago or something. Payments: one virtual card provider after the other dropped support for this geographic location. One payment provider after the other did the same. The are others that pop up every few years that support this geographic location, but the policies change in ways that make it impractical for me. Fashion is more stable that payments support. It's hard to commit to markets without utility like payments.
unlinked_dll 7y ago
How do you create such a market without crazy volatility, rampant manipulation and low liquidity, like penny stocks?

songshuu 7y ago

Regulations were the big one. It's hard to magically bootstrap instant utility for tokens. The rest were all trying to either replace fiat or replace stocks, both of which are heavily regulated.

cjbprime 7y ago

The US SEC declared them to be securities offerings, which are extremely heavily regulated.

zzo38computer 7y ago

You should perhaps explain what you mean by "ICOs", rather than only using the abbreviation.