Quote from: b0art on June 27, 2016, 10:27:46 PM

I love ico's and crowdfunding. Easy 20-100% gains upon launch.

And I acknowledge your free-will to invest in ICOs:

Quote from: iamnotback on June 11, 2016, 03:31:25 PM

Quote from: Spoetnik on June 11, 2016, 01:51:11 PM

Copy-cat ICO Schemes Unleashed:
You call stayed silent on that and we seen an explosion of copy cat ICO schemes unleashed..
And we seen the greedy profiteer dregs go along with it all so they could profit off them all.

When i asked the dev of BlockNET why he needed a million dollars in Bitcoin
He told me word for word, "to ensure it's a success"

Crypto-Minimum Wage Increase ?
When i started this coin devs would work on projects for FREE.. mostly.
Satoshi did not put his hand out and say i want a MILLION DOLLARS first before i release anything..

It is true that the ICOs aren't really providing any funding for development that matters. It is just the insiders cashing out.

That being said, no top notch s/w developer will work on a risky project that might net him $0, if he can't at least generate $250,000 per year of effort. And that is really on the low end since most of them can make that much (and more with stock options) in a job in silicon valley.

For example, I have been doing research and basically "working" in crypto since 2013. If I launched a project, I would expect to recover those years of investment.

But I also wouldn't waste all the funds on nonsense development of pie-in-the-sky fantasies.

But any way, I am not going to ask anyone to give me an ICO money. Mined distribution is clearly the fair way to launch a coin.

But just keep in mind if the developer is receivng a $million for years of effort, it is really just about break even, if he is a top developer. Please be respectful of the opportunity cost of top developers.

Also even the developers have a right to seek higher ROI. Speculators invest and risk to get a big payoff. When developers invest their time/effort and risk to get a big payoff, this is capitalism.

Having said that, afaik most of the developers of altcoins are not top developers. Afaics, most of them have nearly no experience as employed software developers before their work in crypto. This is excluding the Bitcoin core devs of course. There are experienced developers in the Bitcoin ecosystem.

The DAO is only 2080 lines of source code. And it can never be "fixed" or "finished" any more than it already is, because it is a flawed concept and I have difficulty believing Tual doesn't realize it.. It probably wasn't intended to grow into something great. It was probably a quickie rush to latch on to the euphoria about ETH and so those looking to cash out of ETH at the double-top at $15, had another option The DAO. It was probably a timing and marketing product decision and not an engineering or long-range focus. I could understand your criticism of something like that. But it is a free market and you can't stop them.