cashmonkey85

Is unfair to call ISOs a casino. Casino are not outright scams and you know what you are paying for when going to a casino

New Zealand as a nation is very suspicious of success. 'tall poppy syndrome'

Dam $4B loss. At least ethereums real value of 0 is still unchanged

It can be a little difficult to pin them down. As everything is surrounded in more flash sounded tech that doesn't deliver. It's like trying to say if Amway, the multi level marketing company is a scam or not.

First it's the pre sale of tokens. Very problematic way of raising money. Nearly all pre sales token campaigns follow the same story. Build flashy website and run a slick marketing campaign. Make grand world saving claims for this software you are going to build by really you aren't. Raise a lot of money (10M USD or more). Then after the sale fail to deliver of the claims and shameless move onto the next crowd sale.

There is also the past of etherium founder. VB tried to do another crowd funded scam before etherium that was a lot more blatant. VB also puts his name on many ICOs (initial coin offering) which all end in scams. The founders take the large amount money and then the product in vaporware.

A post on why their tech is not that good https://bitcointalk.org/index.php?topic=1427885.msg14601127#...

ETH is scam and a marketing program. It's interesting that even the educated developer community of HN cannot see this and how effective flash marketing can be

Bitcoin is not anonymous your link doesn't say it is. It's easier to hide your identity than a credit card but it's more) not anonymous and there is a big focus on fixing this.

These ICO scams are so profitable right now. You would be crazy not to run one. They have the formula down too. The all look the same. And it's a scam with no legal consequences. Your product is vaporware and you get to keep the money

This is really not the case. It's been pair reviewed and testing for 2 years. Plus has been run on testnet since last year. It's technically superior and should be activated on bitcoin but it's been blocked for political reasons

I'm curious where? Someone actually pays you to do this?

...and it's a vaperware scam. Their technology just doesn't add up. No way it does what is claims.

You sound like you are being sarcastic but Ethereum is a vaperware scam so yes they did not research the project.

If Ethereum actually worked as an autonomy trustless network (which is what the project claimed to be) then there would be no middle man. But Ethereum is just vaperware and a marketing project

That's why when hiring I always say hire the lucky person not the hard worker. You're an idiot if you think it's hard work that explains success of a company. I get applications to role a set of dices and the one that roles the hirest number is hired.

That's likely an exception being paid for out of deep Hollywood pockets

I genuinely believe most of the comments on this page are paid trolls. Which I didn't think was a thing on HN

People should read up of the Chinese miners disinformation campaign. Really crazy stuff. https://medium.com/@WhalePanda/the-extended-extension-block-...

This is in Seoul. A news story would be businessmen going to a norabang and not seeing prostitutes

There is no anti-tourist feelings in New Zealand at all. You were just experiencing New Zealand like a local. It's an expensive country with not many people. If a shop can price gouge because of no competition it will. Customer service is terrible in general and you might be overcharged.

A "backpacking" is a traveler that's seen positively In New Zealand. Most NZs have gone traveling with a backpack at some point in their lives.

Crazy that an increase of supply depresses the price in a market. I have not been this outraged since I discovered water was wet. Competition makes our world prosperous. We should welcome it

Ethereum is a complete scam. Amazes me that other technical people can't see it. Can they backup any of their claims of a turing complete autonomous system. Nope! Total vaporware and has no way of scaling to any degree.

My only interest in the project is to see how far a sophisticated scam can go. Can the higher quality commenting on HN spot the scam? Not yet! How far can smoke and mirrors trick an educated audience? It's a very interesting project in this regard

You won't have to pay tax in your home country. Unless you spend a significant about of time there to be considered a tax resident

I feel like the title is fake news and should be banned. They are removing publishers from their ad network not baned from Google

Without a doubt higher. If you pore snake oil on your database it always slows it down a little

The problem is without blockchain you don't have a meaningless buzzword to sell bullsh*t to banks. Blockchain is a vital technology for this.

Cryptocurrency is the future but I've never talked to more snake oil sales people than when talking to "blockchain" companies. I marvel at people's ability to sell nothingness

Reply to the parent comment then. He was the one claiming Americans must drive cars.

My reply was to what's called a "parent" comment. And in that comment was context. And using that context you should understand my comment. They need to be read together. My comment and the parent comment. Read both together. First the parent comment and then my comment, the "child" comment.

It's an amazing technology and I believe it's only going to get better. But let's be honest here. Ethereum is a scam and so are 90% of the projects of there.

I see this in Tokyo. Americans just stuck at home, stranded and helpless because of their culturally reasons. Oh no wait they just use the awesome public transport system. But it's very difficult for them to enjoy such efficience because...you..know...culture

Yea it's amazing people complaining about efficiency and an increase in prosperity. I understand people arguing for the redistribution of wealth but arguing against an increase in prosperity is ludicrous

New Zealand has also had three large quakes on the bottom of the Pacific ring recently

You need to understand marketing to know what blockchain means. Then you'll know it's a vague meaningless word to describe bitcoin like technology and scams

Carbon emissions, smog and noise pollution are externalities and not reflected in the market. This creates the huge inefficiencies we see in the economy today with combustion cars still being produced. As Bobblebobble said the most efficient way to correct this is with a tax.