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Comment by WikipediasBad | Hacker News Reader

This definitely feels like a bubble. But if anyone is interested in investing in some potentially cool tokens and projects, I personally think the most interesting ones are:

1. Tezos (not part of ethereum ecosystem) 2. Golem (part of ethereum) 3. Litecoin (they are pioneering the lightning + SegWit protocol first, before BTC, the price could rise dramatically if it's a success) 4. Dogecoin (this one is just fun and has been a cult classic since it came out, don't recommend anyone buying, just fun to add it to the list, much wow)

Disclaimer: I own no position in the above nor am I affiliated with any of them. These are just my opinions.

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http://gizmodo.com/reddit-users-lose-real-money-after-meme-c...

> The dogetipbot website emphasized that the service was always free. Yet, somehow Mohland believed his creation could support a business model. He tried to get investors, but who would want to invest in dog meme tokens with no path to monetization?"

> “Very lies, such betrayal, WOW.”

> Now, Dogecoin will likely meet the fate of other altcoins, such as Titcoin, Auroracoin, or Namecoin. The greedy holders have no reason to ever divest, so the currency will be kept alive by the weird true believers in some godforsaken corner of the internet, where forgotten botnets and graphics cards mine blocks for the benefit of no one, until all the wallet passwords are finally forgotten. Though the currency began as a spoof of crypto culture, it was the same greed and delusional idiocy that has plagued more serious ventures like Bitcoin that struck the final blow.

Bad article. Turns out they raised several hundred K USD, and were hoping to run a tip/donation system for streamers and others that worry about being attacked, chargebacks, etc. It's not as stupid as the article makes it out. Though running off with user funds just adds the cryptocoin spin to it.

More interesting ones are:

  - SiaCoin: Free market cloud storage
  - Lisk: Decentralized Javascript apps

Any thoughts on Augur/Gnosis? Those have a real use case in my opinion.

Prediction market tokens seem to be really popular. I am sure they will rise in value with the rising tide, but I am not extremely interested in them personally. I am not sure they can deliver on the utopia-like vision they claim to be able to deliver. If I were to buy something right now, I would purchase tezos, ether, and 1-2 of my favorite ether contract tokens. I am very weary though that this is a big bubble.

Are those just prediction markets or is there something else to them? I remember there was a site called TradeSports everyone was excited about in the early 2000s. It's problem was that there was very little liquidity for any bet other than presidential elections and the Super Bowl.

Why is low liquidity a problem? As long as there is someone betting for and someone against an outcome, a prediction market is successful, right?

I bet 50 cents to your dollar that the S&P 500 will be above 2,500 on Jan. 1, 2018. Would I have bet 51 cents if offered? 55 cents? 75 cents? Without a bunch of participants, we'll never know.

Markets with low liquidity are terrible at price discovery. Price in a prediction market is (if we believe in the concept) directly tied to how likely a prediction is to be true.

Augur had been in development for quite a while and it seems to be going pretty slowly. I bought some REP in the crowd sale (which has gone up in value, with the rising tide), have been following along on the subreddit, and I'm not sure it'll ever have any use.

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