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comment by mk
mk  ·  2525 days ago  ·  link  ·    ·  parent  ·  post: The Scam Economy is Entering its Baroque Phase

  Step 1: write whitepaper touting Ethereum-styled revolution of X

Step 2. ICO

Step 3. Profit





veen  ·  2525 days ago  ·  link  ·  

https://ponzico.win/

Seriously though, what do you think of the -in my opinion- bananas ICO offerings of the last weeks? MobileGo for example is now at $32 million invested. It doesn't help that Eth is moonshooting to $150 (omg) as I type - but still, there is a lot of value supposedly placed in tiny, unproven startups and I am worried what the consequences of such rampant speculation will be on the credibility of the platform.

mk  ·  2525 days ago  ·  link  ·  

I do think some damage will be done to Ethereum, but that it won't be lasting. More likely there will be much ado, but where there's money to be made, things work out.