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  1. #1681
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    Quote Originally Posted by BlackPeter View Post
    Are you just referring to your recent post or to your comments in general ?

    How are they "offering" a new block chain? They might use a modified variant of block chain technology, but they don't sell it - its anyway all shareware -
    and whoever participates in the ICO can't buy it.

    Why would anybody participate in an ICO unless they speculate on finding some bigger fools buying their worthless "coins" from them? Sure - sometimes this strategy works, and sometimes not. But hey, its just a gamble based on hype and greed - isn't it?

    BTW - as per today 1545 different "crypto currencies" around and the average market cap per currency shrinking fast: only $322 m today vs $ 588 m on January 1st, 2018). Feels like we are past peak crypto. Time to move on - what is the next big Ponzi schema - you need to go with the times ?
    you do realise that bitcoin is a different blockchain to ethereum right? different technology, code, different everything.
    its not shareware either, you mean open source.
    and no they dont "own" the blockchain, they own the relevant tokens. no body can own a blockchain unless it's centralised as some are.

    but you know all that right? no need to respond btw.

    3 mistakes in your first sentence and then back to the same old recycled greater fool rubbish you're been spreading in here from day 1.

    i'm off on another holiday from this thread. good luck to all the genuine people actually interested in this stuff

  2. #1682
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    Quote Originally Posted by minimoke View Post
    At the risk of spending some time on the naughty step I'm going to take issue with this.

    In actuality you cannot apply most Due Diligence you'd do for an IPO to an ICO. Heres why.

    For a start IPO's work in a regulated environment. ICO'S dont. That means that each share market has an established set of rules that apply to all companies. With ICO's there are no rules. Thats why you have coins like Dogecoin which were set up essentially to pull the mick on ICO backers.

    So if you have a look at the Rule's see what ICO's offer the following (I bet not many if any)
    - is the ICO a genuine entity. For an IPO a company has to be Incorporated - and there will be evidence of this incorporation with a statutory body
    - does the ICO have Directors who understand managing a business comes with governance and compliance responsibilities.
    - does the ICO show full contact details of the company, Street address, phone numbers etc (and are these details bonefide and not just some random street address)
    - Does the ICO list its Solicitors and its Auditors.
    - Does the ICO have an established track record, particularly a financial one. Can they show five years of audited financial accounts to financial history
    - Does the ICO company have a minimum value - say $5m for a minnow or $50m if you want to start to be one of hte big boys. (should go without saying the value will be supported by the five years of annual reports - not just some made up number)
    - Does the ICO come with a full disclosure document, such as a prospectus
    - Will the ICO return any funds back to a coin holder. Is there some kind of statement on what a Coin holder can expect financially

    There is more - but you get the gist
    I understand completely, you choose to look at garbage icos that have very little of the above. improve your sources

    Quote Originally Posted by minimoke View Post
    And please understand an ICO and Coins are not a blockchain.
    really? what did ethereum (a blockchain) do then? https://www.coindesk.com/ethereum-la...-already-sold/
    what do zilliqa (a blockchain) recently do? https://www.zilliqa.com/

    THEY DID ICO FOR A BLOCKCHAIN

    And if you are taking words literally, like it seems you are, then yes, of course the ICO itself is not a blockchain. That is absurd. Like saying an IPO is a company. if there is any confusion about that then that person should not be responsible for their own money.

    This stuff is so basic and yet the top tulip crew naysayers can't even get it right.

    bye again
    Last edited by Entrep; Today at 09:56 AM.

  3. #1683
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    Quote Originally Posted by Entrep View Post
    ...
    i'm off on another holiday from this thread. good luck to all the genuine people actually interested in this stuff
    This promise made my day .... what a pity it took you only 5 minutes to break it ;

    Quote Originally Posted by Entrep View Post
    I understand completely, you choose to look at garbage icos that have very little of the above. improve your sources



    really? what did ethereum (a blockchain) do then? https://www.coindesk.com/ethereum-la...-already-sold/
    what do zilliqa (a blockchain) recently do? https://www.zilliqa.com/

    THEY DID ICOs

    This stuff is so basic and yet the top tulip crew naysayers can't even get it right.

  4. #1684
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    Quote Originally Posted by Entrep View Post
    I understand completely, you choose to look at garbage icos that have very little of the above. improve your sources



    really? what did ethereum (a blockchain) do then? https://www.coindesk.com/ethereum-la...-already-sold/
    what do zilliqa (a blockchain) recently do? https://www.zilliqa.com/

    THEY DID ICO FOR A BLOCKCHAIN

    And if you are taking words literally, like it seems you are, then yes, of course the ICO itself is not a blockchain. That is absurd. Like saying an IPO is a company. if there is any confusion about that then that person should not be responsible for their own money.

    This stuff is so basic and yet the top tulip crew naysayers can't even get it right.

    bye again
    How about we apply the DD test against this ICO. Its not a garbage one I've picked - I have no idea if it is garbage or not. Its simply the very next ICO on the blocks.

    https://let.bet/

    Edit. Due Diligence done. Noting in the available information passes any of my traditional tests so I won't be investing.
    Last edited by minimoke; Today at 11:37 AM.

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