wellinever

5 ms·

1.
Show HN: ChainBounty – improving the blockchain funding model
11 points by wellinever 9y ago|0 comments
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by wellinever 9y ago
Governments should be forcing these operators to place the bike deposits in a trust account, rather than using the money for capital to fund expansion. I paid $50 USD as a "deposit" for oBike, however in the future when one of th
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by wellinever 9y ago
Yes.. I think the ship has sailed now however because in the big league ICO's (eg. BAT) it is almost impossible to buy in time
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by wellinever 9y ago
There is still massive FOMO when you go over an ICO, decide its stupid, and then post ICO it goes up 1000%. Its a ponzi scheme, sure, but people are still making 1000% in 2 weeks. So what do you do? Stick to your guns and ignore it? Or hav
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by wellinever 9y ago
Andreas Antonopoulos made a good point that a "countrycoin" would always have a trusted key held by the country's monetary issuing authority which would basically then provide an enormous honeypot to tempt attackers to target
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by wellinever 9y ago
Excellent point.
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by wellinever 9y ago
No, in the US it was 4 trillion dollars of money printed and transferred to banks. I know, it seems ridiculous.
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by wellinever 9y ago
The idea that we should trust entire fields of experts just because they are the experts is flawed. Many of the "basic concepts" of economics are not empirically proven. This is not newtonian physics; it is a vague social science
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by wellinever 9y ago
" If the currency were successful, bitcoin's fixed supply (a constant denominator) wouldn't keep up with global growth (a growing numerator), which would make the currency more valuable over time. This would result in a defla
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Brave's “Basic Attention Token” ICO raises $36M in 90 second crowdfunder
1 points by wellinever 9y ago|1 comments