News for hackers. Stuff that matters.

A comment on Half of ICOs Die Within Four Months After Token Sales Finalized. Parent comment

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by jerguismi on Monday July 09, 2018 @04:07PM (#17493033)
> It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning: you could at least send messages and files across the network, which was incredibly useful to academia and the military and was orders of magnitude more efficient than any alternative.

How is running an ICO not useful to people? Get lot of money with only doing a lousy whitepaper, drive ferrari and live luxury life rest of your life. No joking, many people can't imagine anything better.

[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by nkozyra on Monday July 09, 2018 @04:17PM (#17493115)
If you consider being the beneficiary of a boom in what is effectively fraud a "good thing," sure. I can driver a Ferrari if I literally rob people, too, but most people would consider the people I've hurt in the process when evaluating the merits of my actions.
[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by jerguismi on Tuesday July 10, 2018 @02:34AM (#17495884)
What does the market say? ICOs seem to be very popular so effectively quite a lot of people seem to consider them a good thing, at least currently. Does useful mean the same as ethical? Those people do ICO's to raise money from other people, and it seems to work for them.
[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by s73v3r_ on Monday July 09, 2018 @04:27PM (#17493173)
I think that's the joke; that there are at least enough of those unethical people that they can make money off it.
[ Parent | on HN ]
Re:Half of ICOs Die Within Four Months After Token Sales Fin... by babygoat on Monday July 09, 2018 @04:25PM (#17493156)
>Get lot of money with only doing a lousy whitepaper, drive ferrari and live luxury life rest of your life.

Sounds easy!

[ Parent | on HN ]