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A comment on Facebook is banning all ads promoting cryptocurrencies. Parent comment

Re:Facebook is banning all ads promoting cryptocurrencies by 45h34jh53k4j on Tuesday January 30, 2018 @04:38PM (#16269295)
Selling a large slice of the tokens to a small group of specific investors, such that they obtain a much larger price when these are listed. Because they were in so few holders from day0, and the 'auction' closed so quickly, price discovery entirely up to small group of 'investors'. Its birthing shark whales to steal from the little people.

This was back before the real real ICO scams, so it looks pure in comparison. 2017, what a year!

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Re:Facebook is banning all ads promoting cryptocurrencies by atomical on Tuesday January 30, 2018 @11:14PM (#16271231)
Wealth is always concentrated in the hands of a few. It's the same story with Bitcoin.

http://www.businessinsider.com/bitcoin-97-are-held-by-4-of-a...

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Re:Facebook is banning all ads promoting cryptocurrencies by wmf on Tuesday January 30, 2018 @04:44PM (#16269336)
By that definition I guess all startups and IPOs are also scams.
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Re:Facebook is banning all ads promoting cryptocurrencies by danmaz74 on Tuesday January 30, 2018 @05:00PM (#16269489)
The difference is that you can't do a IPO with just little more than a white paper, like most ICOs do.
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Re:Facebook is banning all ads promoting cryptocurrencies by lmm on Wednesday January 31, 2018 @05:28AM (#16272870)
"IPOs" happening separately from actually listing on an exchanges are always scams. Startups soliciting investment from the public rather than accredited investors are almost always scams.
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