Half of ICOs Die Within Four Months After Token Sales Finalized

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by mockingbirdy on Monday July 09, 2018 @04:22PM (#17493142)

Snake oil is actually very useful: https://www.organicfacts.net/health-benefits/oils/snake-oil....

My superpower: Taking things literally. Still more useful than the last 10 ICOs. And my bad jokes aren't as bad for the environment. 10k joke-coins pre-ICO and 2 downvotes for that one for me!

We had three innovative ideas in the financial sector - certificate of debt, compounded interest and book money. And now the fourth - trolling idiots to risk their retirement money because they want to get rich "with that computer money my son told me about".

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by pessimizer on Monday July 09, 2018 @08:50PM (#17494616)

The idea that the topical application of omega-3 fatty acids has some benefit other than psychological is definitely snake oil.

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by reificator on Monday July 09, 2018 @09:02PM (#17494662)

When it comes to health benefits, I'm not likely to click a link to `organicfacts.net` and assume it's backed with scientific evidence.

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by abledon on Tuesday July 10, 2018 @12:13AM (#17495410)

Well in this case they provide a link:

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1026931/?&utm_m...

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by s73v3r_ on Monday July 09, 2018 @04:26PM (#17493166)

Can we offer an ICO for tokenized "taking things literally" jokes?

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by paulmd on Tuesday July 10, 2018 @12:09AM (#17495378)

What about an options market for jokes that may be taken literally in the future?

r/memeeconomy but irl, if you will.

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by freddie_mercury on Tuesday July 10, 2018 @12:16AM (#17495428)

> Snake oil is actually very useful

You don't appear to actually understand what the phrase "snake oil" means in English. It doesn't mean "snake oil isn't useful".

It means: during in the 1800s Chinese immigrants to American used snake oil (from the Chinese water snake; the one in your link) as a cure-all. Unscrupulous "snake oil salesmen" would sell what-they-called-snake-oil-but-actually-wasn't. Or it used rattlesnake oil instead of water snake oil.

Here's a 90 second video that says the same thing: https://www.youtube.com/watch?v=LaDsOJATX3A

[ Parent | on HN ]

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by JackCh on Tuesday July 10, 2018 @12:22AM (#17495459)

I'm pretty sure he knows. Hence "My superpower: Taking things literally."

Incidentally I'm pretty sure water snake oil is not actually a cure-all anymore than rattlesnake oil is.

[ Parent | on HN ]