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Comment by nadam | Hacker News Reader

The amount of misinformation in this topic is frightening. Guys, most of the serious cryptotokens are about making some markets more efficient, eliminating lots of middlemen. I have no time to go into details, but some coins I am currently invested in:

iExec BAT DASH Factom

These (and some others) are serious projects with huge potentials. I am not only speaking about huge investment potentials. I am speaking about potentials to add value to society, make markets more efficient. 99% of the tokens out there are crap, but why is it important? 99% of startups are also crap, but nobody cares.

I am also very sad that most people here are against making the investment landscape more meritocrtic than it is currently with all the privileged VCs, angles and lawyers born into lucky countires.

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There's also lots of hype from people reassuring everyone that the coins they just happen to have invested in are rock solid, with nothing to back their arguments up.

In my opinion none of the coins I mentioned is rock solid, but I have researched lots of coins, and currently these are the ones which I find most valuable compared to market cap. 3 years ago I made a very good bet with Ripple (almost exclusively invested in Ripple for 3 years, and achieved more than 30x returns), now we will see.

"Guys, most of the serious cryptotokens are about making some markets more efficient"

I'm willing to bet those are probably a tiny fraction of the cryptotokens out there.

"I am also very sad that most people here are against making the investment landscape more meritocrtic than it is currently with all the privileged VCs, angles and lawyers born into lucky countires."

That's not the case at all, and to try and phrase it like that is quite dishonest.

>>I'm willing to bet those are probably a tiny fraction of the cryptotokens out there.

And a tiny fraction of tech startups succeed.

>>That's not the case at all, and to try and phrase it like that is quite dishonest.

If a law is passed to treat token sales like how securities offerings are currently treated, that is indeed what it will be like, given that is how the venture capital market operates.

The only precedent we have with cryptocurrency regulations is New York's BitLicense, and that resulted in $60,000 in compliance costs and only two very well capitalized companies getting legal permission to operate in New York. The vast majority of cryptocurrency players are essentially banned from New York, and now you need lawyers to get past the ban.

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