Half of ICOs Die Within Four Months After Token Sales Finalized

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by api on Monday July 09, 2018 @05:38PM (#17493647)

The main use case for block chains is quite obviously to skirt government regulation: black markets, unregulated securities and quasi-securities, etc. A secondary and related use case is to avoid the hassle and complexity of old fashioned equity and other fund raising constructs and to make easier international wire transfers.

Putting ethical concerns aside: these are very large market segments. Cryptocurrencies may be overvalued but there's definitely a real use case. It's just not a use case that governments, banks, or conventional VCs like.

I feel like all the claims to the effect that cryptocurrencies have no use case are ignoring the obvious.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by godelski on Monday July 09, 2018 @11:33PM (#17495239)

I thought the main use case was gambling. Specifically volatility trading.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by arisAlexis on Monday July 09, 2018 @07:23PM (#17494234)

the main argument of Blockchain since its a public ledger is totally the opposite. total transparency in government, voting, public expenses etc.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by jonhendry18 on Tuesday July 10, 2018 @04:07AM (#17496180)

It need not be a public ledger. I'd think it'd be simple enough to limit access to an intranet.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by arisAlexis on Tuesday July 10, 2018 @05:38AM (#17496576)

you mean people should trust the intranet of Putin during the elections something like that?

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by perl4ever on Monday July 09, 2018 @10:46PM (#17495054)

Also, don't forget countries with draconian currency controls, like Venezuela, produce demand for money transfers even if difficult and expensive.

And I think the hidden story of the "war against terrorism" has probably been a sustained effort to crack down on informal money transfers, and something like cryptocurrency is an inevitable response to the decline of traditional methods.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by imesh on Monday July 09, 2018 @06:38PM (#17493981)

Ignoring tax evasion and other white collar crimes, selling drugs alone is a $36 trillion dollar a year industry.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by gehwartzen on Monday July 09, 2018 @10:33PM (#17495000)

I think maybe you mean billion. The Gross World Product is around 78T USD.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by api on Monday July 09, 2018 @06:53PM (#17494082)

We're probably entering an era when enforcement of these kinds of laws will be either impossible or will require draconian surveillance and extreme penalties. Anything short of "iron fist" enforcement will be skirted easily using cryptography, darknets, etc.

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