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A comment on Telegram plans multi-billion dollar ICO for chat cryptocurrency. Parent comment

Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by goodside on Monday January 08, 2018 @09:53AM (#16097064)
It makes it possible for the asset to be traded on third-party markets without the knowledge, consent, or control of the organization that issued the tokens.

It also helps you trust that movement of the asset will not be hindered by the issuer's inability to keep servers running in the face of potential DDoS attacks.

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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by Maro on Monday January 08, 2018 @10:03AM (#16097149)
That's a good point. It assumes they don't control the miners, and don't demand "registration" to participate, which would void anonymity. It still sounds like they could use an existing coin though, no?
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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by CPLX on Monday January 08, 2018 @10:20AM (#16097274)
Sure, but then they wouldn't get a few billion dollars of free money.
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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by goodside on Monday January 08, 2018 @12:17PM (#16098190)
I'm not sure what you mean by "control the miners" — they're building this on OmiseGo, which isn't mineable.

All of the substantial ICOs require some level of KYC/AML registration for direct public sales and pre-sales. Tokens later become available to everyone else through independent exchanges, which happens quickly these days.

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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by mistermackle on Monday January 08, 2018 @12:52PM (#16098432)
Where did you see that they are building on OmiseGo?
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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by philfrasty on Monday January 08, 2018 @01:37PM (#16098726)
speculation at this point IMO https://www.reddit.com/r/omise_go/comments/7oif3j/telegram_i...
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Re:Telegram plans multi-billion dollar ICO for chat cryptocu... by 45h34jh53k4j on Monday January 08, 2018 @01:34PM (#16098704)
It will be an eth token like OMG until they launch their 'main chain and 2^92 sidechains' LOL! good luck with that
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