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Was just talking with friends yesterday about this - Internet Computer getting absolutely dumped by the VCs who pumped it so hard from the beginning. Once I saw

Was just talking with friends yesterday about this - Internet Computer getting absolutely dumped by the VCs who pumped it so hard from the beginning. Once I saw that they were headquartered in the Bay, had their entire team in the Bay, and wanted to be the “everything for everyone” computer, that was kinda my sign that this was a scam.

artfulhippo 5y ago
Internet Computer aka DFINITY is not a scam. The price action is fishy, but when you investigate the project’s vision, the technical architecture, the team behind it, and the community building on it, you’ll discover that it’s perhaps the most serious, innovative, and ambitious system out there.
- zajd 5y ago
  lol
- vgatherps 5y ago
  I agree that people often use scam to mean “it’s not worth what people think it is”, “this is going to be vaporware”, “this doesn’t have much real world use”. I expect that the folks at DFINITY are actually trying to build something. But it’s a little beside the point. I’ve seen some of how the sausage was made in creating and listing new crypto projects, and it’s pretty ugly. There’s a lot of focus on pumping, shilling each other (all while putting in a facade of independence), “tokenomics” which is 50% euphemism for Ponzi scheme. There are likely scam-like qualities to the way that this was listed, who was involved in providing early liquidity / pricing (the initial listing price/pump matters a lot in keeping the price stable above a certain value), and a suite of lesser benefits the inner crowd get. I left before ICP so I don’t have any facts, but what I saw with projects before that make me confident the exact same thing happened.
  - danuker 5y ago
    I chuckled at the analogy with sausage-making. Thank you for getting your point across!
- quickthrowman 5y ago
  How large are those bags you’re holding I wonder?

artfulhippo 5y ago

Internet Computer aka DFINITY is not a scam. The price action is fishy, but when you investigate the project’s vision, the technical architecture, the team behind it, and the community building on it, you’ll discover that it’s perhaps the most serious, innovative, and ambitious system out there.

zajd 5y ago
lol
vgatherps 5y ago
I agree that people often use scam to mean “it’s not worth what people think it is”, “this is going to be vaporware”, “this doesn’t have much real world use”. I expect that the folks at DFINITY are actually trying to build something. But it’s a little beside the point. I’ve seen some of how the sausage was made in creating and listing new crypto projects, and it’s pretty ugly. There’s a lot of focus on pumping, shilling each other (all while putting in a facade of independence), “tokenomics” which is 50% euphemism for Ponzi scheme. There are likely scam-like qualities to the way that this was listed, who was involved in providing early liquidity / pricing (the initial listing price/pump matters a lot in keeping the price stable above a certain value), and a suite of lesser benefits the inner crowd get. I left before ICP so I don’t have any facts, but what I saw with projects before that make me confident the exact same thing happened.
- danuker 5y ago
  I chuckled at the analogy with sausage-making. Thank you for getting your point across!
quickthrowman 5y ago
How large are those bags you’re holding I wonder?