Hacker News Reader

Did any ICO ever result in anything useful?

Becoming fantastically wealthy by scamming a bunch of people is probably viewed as pretty useful to most ICO founders.

Can we stop with the blockchain trolling please? It only makes you look very ignorant.

Yes, there is a humongous number of scammy projects. But there are also projects working really hard to succeed and they deserve a chance. Right now I'm particularly impressed by what Augur pulled off, it's not certain whether it will succeed long term but credit should be given where it's due.

Augur: "Report the Outcome Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree."

I think I can spot the weak link in this system.

Yes, everyone who's spent two minutes thinking about designing a decentralized prediction market has spotted that weak link. Hence that's what Augur is designed to address.

Think it won't work? Go get your bug bounty, or even put in a massive short and then break it.

Eeeeh, I think I don't get this thing. Isn't this an unregulated betting house?

Reply on news.ycombinator.com