Quote from: cyberhacker on February 28, 2016, 05:39:26 PM

Quote from: altcoinUK on February 28, 2016, 04:29:16 PM

To get to the point about Elastic Coin, the issue is the unregulated crowd funding. Again, they collect money from the wannabe rich greedy users and from the usual idiots of this microcosmos prior delivering the solution. So they create a speculative asset in the first place instead of creating a solution. The usual argument is, ohhhhh they need financial resource from the idiots to develop the software. I disagree with that. Firstly, there are notable solutions which were delivered without milking the idiots and scamming the public (the solutions of Linus Torvalds or Satoshi Nakamoto comes to mind mind as such), secondly if you need fund then go on the regulated avenues using VC and angel investors or regulated crowdfunding platforms which all provides the investors with some kind of protection. If they still want to do the crowdfunding here, then they must have reputable users on board to oversee the allocation of the fund and ensure the fund is strictly used for technology development.

thanks man.

although it seems crazy to drop few btc to a new ICO, i still feel more comfortable than LISK and IOTA.

thanks for your advices. I am always watching you to find this or that scam, including BITBAY.

I will do some research as well on Elastic Coin and depending on the fund allocation and who is handling the money and how I might give them some money. Just for the sake of supporting a novel technology. Again, the use case is very interesting, it is certainly ambitious but if everything works out then it seems doable. If they will not sell the coin on an exchange to the naives, noobs or idiots then I will be probably interested (that was my condition to the Gadgetcoin developers as well, don't do a P&D and don't sell the coin on an exchange to the naive crowd but instead of try to find a VC investor to develop the project.)