Half of ICOs Die Within Four Months After Token Sales Finalized

Re:Half of ICOs Die Within Four Months After Token Sales Fin... by lurker456 on Monday July 09, 2018 @08:00PM (#17494399)

How would you send fiat to a family member stuck in Venezuela ? I agree that the value of cryptocurrency is hugely inflated, but it's not zero either. It's a good fit in some scenarios.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by herval on Monday July 09, 2018 @09:19PM (#17494738)

You could (and people do) send gift cards, or pre-paid debit cards. These have the added benefit of being accepted in stores, etc, whereas cryptocurrencies... not really?

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by lurker456 on Wednesday July 11, 2018 @06:34PM (#17510786)

Anything of value sent via snail mail gets seized. CC and bank accounts denominated in USD can't be used. There is a black market where people pay with physical USD and crypto.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by bduerst on Friday July 13, 2018 @01:48PM (#17525058)

That's why people send the gift cards electronically, and they sell them on Facebook or something similar.

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by sadturnip on Monday July 09, 2018 @08:40PM (#17494565)

How would said family member actually convert the crypto into something that can be spent in their day to day lives?

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Re:Half of ICOs Die Within Four Months After Token Sales Fin... by aclsid on Tuesday July 10, 2018 @12:37AM (#17495520)

With an exchange that transfers money to your local bank account? I know at least two that do that for Venezuela.

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