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Comment by al2o3cr | Hacker News Reader

    ICOs are a new breed in economy

Pumping up worthless crud with tons of PR to get suckers, er "investors" to "get in now" is an old old old scam. Adding "with cryptocurrency" onto the end of it doesn't make it new.

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You get liquidity the next day instead of in 5 or 10 than with regular startups, I don't see a problem with that, investors are here to make money right?

Is not like it doesn't happen with the regular VC cash money right? E.g. Color?

Or with regular stock market. e.g. Enron.

Clueless investors are always gonna be there.

How can you make the claim that that $186M is liquid? Last time someone dumped a large amount - $1-2M worth of Etheruem's Ether? - it tanked.

In the past 30 days, over 30 Billion dollars worth of Ether has been purchased. 2 million is nothing. Source: https://coinmarketcap.com/currencies/volume/monthly/

Here, I'll pay buy $1 million worth from you, if you'll buy $1 million worth next week. Sound good?

Likewise, that "$30B USD" is referencing exchange between different crypto-assets, yes?

it was a flash crash as in it ended in a flash/quickly and the price rebounded, central banks becoming insolvent and not being liquid and needing bailouts are the reason there is high speculation in crypto tokens in the first place, the trust is shifted from the bankers to the developers

That's a neat distraction from how crypto-assets will ultimately shift a lot (an unreasonable amount) of wealth to early adopters simply because they were early adopters, if it gains a legitimate status as a currency throughout nations.

1) The $186M raised was a mix of Ethereum, Bitcoin and cash. We don't really know how much was of each.

2) They really don't need to sell all at once and who knows, may even have engineers willing to be paid in cryptocurrencies.

Filecoin already has investment from USV, they have their runway using real money to pull anyone looking for a paying job into the mix, and could give them crypto-assets to incentivize their loyalty.

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