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A comment on Statement on Cryptocurrencies and Initial Coin Offerings. Parent comment

Re:Statement on Cryptocurrencies and Initial Coin Offerings by eudoxus on Tuesday December 12, 2017 @05:18AM (#15904365)
Seeing as most ICO are ERC20 tokens on the Ethereum chain you are most certainly incorrect about your deflationary theory implying appreciation. Since most ERC20 tokens are 100% premined and sold during the ICO, there is no concept of "mining" with those ICOs (except maybe Minereum :p ).

Please avoid making generalized statements, especially ones that are flat out wrong.

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Re:Statement on Cryptocurrencies and Initial Coin Offerings by dkersten on Tuesday December 12, 2017 @05:31AM (#15904429)
If they’re “pre-mined” then surely there is already a preset limited amount of tokens?
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by fidrelity on Tuesday December 12, 2017 @05:50AM (#15904536)
wouldn't that apply to every trading card and collectible item then?
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by dkersten on Tuesday December 12, 2017 @01:10PM (#15907907)
Usually the companies that make trading cards can also print more.
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by tomkarlo on Tuesday December 12, 2017 @02:45PM (#15908801)
Not generally, because there's no promise of any future utility or increase in demand, at least by the manufacturer. People buy them because they hope they'll appreciate in value, but that just makes them the subject of speculation, not a security.
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by xorcist on Tuesday December 12, 2017 @06:18AM (#15904683)
There are, but many of the ICOs are controlled by a company that reserve the right to change the contract at any time.
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Re:Statement on Cryptocurrencies and Initial Coin Offerings by gomox on Tuesday December 12, 2017 @10:54AM (#15906449)
Can you point to a specific ICO where the token contract allows for additional token issuance? The ERC20 reference code does not include functionality for this, nor for replacing the token code at a later date.
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