News for hackers. Stuff that matters.
Re:CEO of porn cryptocurrency disappears with investor money by the_stc on Monday January 08, 2018 @08:50PM (#16102806)
It is completely disgusting. We started by calling our ICO an IPO and making a note that we are selling shares, not tokens. But people still want to see a whitepaper and hear about tokens. And despite clearly saying we accept physical dollars [cash] for payment of services, people still think we are selling tokens to buy stuff with and comment how little sense that makes.

In the end, we decided to go along with the ICO terminology because it was too hard to fight perception. We still do the right thing: We're selling an unregistered security, shares in our company, and will pay dividends.

In short though, people trying to do the right thing are punished, and the people that overhype and do the ridiculous approach are highly rewarded.

Re:CEO of porn cryptocurrency disappears with investor money by dna_polymerase on Monday January 08, 2018 @09:10PM (#16102921)
Exactly. People don't realize that the "product" (if you can call whitepapers that) is completely decoupled from the Token s value. Of course the product could indeed use the Token but they don't have to and it doesn't make sense in most cases either.

I am wondering if 2018 will bring a deflation, maybe even a burst to the crypto bubble. It's all fairy dust right now anyway.