AWARD-WINNING

CASINO CRYPTO EXCLUSIVE

CLUBHOUSE 1500+

GAMES 2 MIN

CASH-OUTS 24/7

SUPPORT 100s OF

FREE SPINS PLAY NOW ertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.

Torque



Offline



Activity: 2268

Merit: 1781









LegendaryActivity: 2268Merit: 1781 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion June 13, 2017, 12:34:51 PM #341529 Quote from: Last of the V8s on June 13, 2017, 11:09:23 AM

blog is worth a look: https://elaineou.com/2017/06/12/tulips-and-token-mania/

I guess history is destined to repeat. Over and over again.



The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).



And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.



Someone correct me if I got the facts wrong. I guess history is destined to repeat. Over and over again.The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.Someone correct me if I got the facts wrong.

bitserve



Offline



Activity: 1316

Merit: 1200





Self made HODLER ✓







LegendaryActivity: 1316Merit: 1200Self made HODLER ✓ Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion June 13, 2017, 01:05:30 PM #341531 Quote from: Torque on June 13, 2017, 12:34:51 PM Quote from: Last of the V8s on June 13, 2017, 11:09:23 AM

blog is worth a look: https://elaineou.com/2017/06/12/tulips-and-token-mania/

I guess history is destined to repeat. Over and over again.



The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).



And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.



Someone correct me if I got the facts wrong.

I guess history is destined to repeat. Over and over again.The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.Someone correct me if I got the facts wrong.

I don't know about NXT. But I have go on my analysis on random ICO's....



Let's see now Monaco... It's basically another bitcoin/ethereum debit card, something like Xapo. The funny thing is that the ICO is currently now on progress. Atm they have got around 50 million$ in ETH.... Yep, 50 million dollars for launching a debit card.... SOmething that could be done with much less than 1 million. Oh, and the ICO haven't finished yet...



I remember the time when the LUCKY startups that convinced some VC, got a few hundred thousands to take off, then some more AFTER hitting roadmap milestones, etc etc....



But now we have crowdsales that give the founders as much money as if they already invented the next Google... without not even a PoC.



Oh, and what to say about that board members... tens of them needed for a single stupid idea that needs almost no development? Really? And do investors need to pay some salary to them all?



I am thining about launching my own ICO. I will name it ScamICO (SICO) and I am sure it will be a fucking disaste, because, unlike the rest, I will be the only one delivering exactly as promised. Mmhhhh, on second second I wouldn't be surprised if some people handed me a few millions without even reading the name. Maybe I should do it... Anyone on board?



I don't know about NXT. But I have go on my analysis on random ICO's....Let's see now Monaco... It's basically another bitcoin/ethereum debit card, something like Xapo. The funny thing is that the ICO is currently now on progress. Atm they have got around 50 million$ in ETH.... Yep, 50 million dollars for launching a debit card.... SOmething that could be done with much less than 1 million. Oh, and the ICO haven't finished yet...I remember the time when the LUCKY startups that convinced some VC, got a few hundred thousands to take off, then some more AFTER hitting roadmap milestones, etc etc....But now we have crowdsales that give the founders as much money as if they already invented the next Google... without not even a PoC.Oh, and what to say about that board members... tens of them needed for a single stupid idea that needs almost no development? Really? And do investors need to pay some salary to them all?I am thining about launching my own ICO. I will name it ScamICO (SICO) and I am sure it will be a fucking disaste, because, unlike the rest, I will be the only one delivering exactly as promised. Mmhhhh, on second second I wouldn't be surprised if some people handed me a few millions without even reading the name. Maybe I should do it... Anyone on board?

600watt



Offline



Activity: 2170

Merit: 1530









LegendaryActivity: 2170Merit: 1530 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion June 13, 2017, 01:13:46 PM #341533 Quote from: Torque on June 13, 2017, 12:34:51 PM Quote from: Last of the V8s on June 13, 2017, 11:09:23 AM

blog is worth a look: https://elaineou.com/2017/06/12/tulips-and-token-mania/

I guess history is destined to repeat. Over and over again.



The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).



And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.



Someone correct me if I got the facts wrong.

I guess history is destined to repeat. Over and over again.The first company I witnessed to basically pre-mine all their coins, crowdsale the majority (~80%) of their coins to a select few investors (in return for btc I might add), and allow the remaining tiny float to be bid up quickly by Average Joe retail buyers was Nxt. Nxt had a single developer who basically controlled everything. The source was closed, at least in the beginning. And we can see from history how that all turned out. (Of course Nxt is getting pumped again now like every other shitcoin).And Nxt arguably had an actual working wallet before they even did their crowdsale, and was working on an integrated marketplace. These Eth ICOs have nothing but slick marketing and over promises.Someone correct me if I got the facts wrong.



ICO´s are scams. a few minutes to gain $ 50 million for a small software project?? my ass.



isn´t it ironic that bitcoiners who get labeled by outsiders as delusional greedy fuckers see THE REAL GREED, see people on the verge of ruining themselves, and are all of a sudden conservative, sane investors... ?!



lawmakers will outlaw all alts and recognize bitcoin only. ICO´s are scams. a few minutes to gain $ 50 million for a small software project?? my ass.isn´t it ironic that bitcoiners who get labeled by outsiders as delusional greedy fuckers see THE REAL GREED, see people on the verge of ruining themselves, and are all of a sudden conservative, sane investors... ?!lawmakers will outlaw all alts and recognize bitcoin only.

Torque



Offline



Activity: 2268

Merit: 1781









LegendaryActivity: 2268Merit: 1781 Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion June 13, 2017, 01:29:46 PM #341536 The strange (and somewhat irritating) thing is, these young tech people are running around looking for the "killer app" that will somehow make a new cryptocurrency fly with the masses overnight.



The thing they keep missing is that, the Bitcoin blockchain network by itself *is* the killer app. Sure, cool things can integrated with it and be built into it and along side it --- those things will definitely improve Bitcoin. But essentially Bitcoin already has all of the best attributes that make it the killer app for a new kind of digital money. And it's built right in.



Does Gold need a 'killer app' to serve as a store of value and usage as money? Does Silver need a killer app? No, they really don't. All they need is people's faith/belief in the PM's built-in attributes that make them a good form of money.



And that's all Bitcoin really needs (and of course, a way to scale better with lower fees).



As typical though, even when given a near-perfect wheel, everyone will run around convinced that they can reinvent a better one... and fail.

bitserve



Offline



Activity: 1316

Merit: 1200





Self made HODLER ✓







LegendaryActivity: 1316Merit: 1200Self made HODLER ✓ Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion June 13, 2017, 01:37:36 PM #341537 Quote from: Torque on June 13, 2017, 01:29:46 PM The strange (and somewhat irritating) thing is, these young tech people are running around looking for the "killer app" that will somehow make a new cryptocurrency fly with the masses overnight.



The thing they keep missing is that, the Bitcoin blockchain network by itself *is* the killer app. Sure, cool things can integrated with it and be built into it and along side it, but essentially Bitcoin has all of the best attributes that make it the killer app for a new kind of digital money. And it's built right in.



Does Gold need a 'killer app' to serve as a store of value and usage as money? Does Silver need a killer app? No, they really don't. All they need is people's faith/belief in the PM's built-in attributes that make them a good form of money.



And that's all Bitcoin really needs (and of course, a way to scale better with lower fees).



As typical though, even when given a near-perfect wheel, everyone will run around convinced that they can reinvent a better one... and fail.



YOu are missing the point. They do not try to reinvent the wheel. They just want people to give them absurd amounts of money for THEIR wheel concept. Or for their posing as they have plans to think about a better wheel. Or for... anyway, the wheel is unimportant here, it's all for the money. YOu are missing the point. They do not try to reinvent the wheel. They just want people to give them absurd amounts of money for THEIR wheel concept. Or for their posing as they have plans to think about a better wheel. Or for... anyway, the wheel is unimportant here, it's all for the money.