Asrael999
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June 13, 2017, 04:38:47 PM


I guess history is destined to repeat. Over and over again.

The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).

And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.

Someone correct me if I got the facts wrong.


ICOīs are scams. a few minutes to gain $ 50 million for a small software project?? my ass.

isnīt it ironic that bitcoiners who get labeled by outsiders as delusional greedy fuckers see THE REAL GREED, see people on the verge of ruining themselves, and are all of a sudden conservative, sane investors... ?!  

lawmakers will outlaw all alts and recognize bitcoin only.

Far more likely that lawmakers all the ones that the government can't exercise control over surely. They'll be a few asset seizures and some scammers will go to jail - but the big downside will be the regulatory oversight off the whole crypto universe. ICO's need regulating just like IPOs to protect ordinary greedy folk from themselves.