Greed i have the two example for you and hoping if you can reviewing those ico project because in my mind it's familiar with bought account or farmed account in some threads on meta sections.
I guess there are two are running by bought account in my mind.
PM me or post here I will review them.I guess there are two are running by bought account in my mind.
Simple.. it's an ICO.
They are by design scammy.. nuff said.
All your doing here OP is trying to make *some* seem better than others.
I wonder why ?
What do you mean? I had some experience with scams... I know how it works and I know scammers well. I don't want people to get burned because it hurts the scene so I learn how to prevent/avoid investing in scams. They are by design scammy.. nuff said.
All your doing here OP is trying to make *some* seem better than others.
I wonder why ?
I think 2 broad types of ICO scams
1. the deliberate stealth ICO - usually the best to be in on. There is some tech behind them and can be made to look interesting and could have some actual value to the crypto community. The ICO will be under the radar to a degree and the devs and pals will hoard most of the coins. The promoting phase comes later whilst they suffocate supply whilst pumping/driving demand. You will see for some reason these coins sell for X sats value at ICO and then are suddenly being sold off for X x 10, 20, 100 sats even before reaching an exchange. Whether this is actually a scam is a matter of definition they are not promising anything they will not provide but they are not ensuring a fair balance level of entry to all persons.
2. the blatant scam ICO - low or no new/useful tech - promote lots and raise as much as possible. Then dump the BTC and provide nothing of note.
All ICO's on here are open to huge manipulation since you can not see who is buying what.
POW with a fair release protocol will always be a fairer way of initially distributing the coins. With anti instamine measures in place it will always be fairer than an ICO conducted on this board as they are conducted right now.
If they need to raise funds for development upfront and widely advertised ICO . Then a POW phase of at the minimum of 50-75% for the rest of the coin distribution. The ICO funds should be held in multi sig wallets and only released to them as milestones are hit.
I understand the argument that POW will centralise eventually to those with the cheapest electricity. That to me is nothing compared to the manipulation that can happen behind the scenes with ICO's conducted here.
Agreed on most points. Especially about manipulations in ICOs (self-buying) and releasing funds by reaching milestones.1. the deliberate stealth ICO - usually the best to be in on. There is some tech behind them and can be made to look interesting and could have some actual value to the crypto community. The ICO will be under the radar to a degree and the devs and pals will hoard most of the coins. The promoting phase comes later whilst they suffocate supply whilst pumping/driving demand. You will see for some reason these coins sell for X sats value at ICO and then are suddenly being sold off for X x 10, 20, 100 sats even before reaching an exchange. Whether this is actually a scam is a matter of definition they are not promising anything they will not provide but they are not ensuring a fair balance level of entry to all persons.
2. the blatant scam ICO - low or no new/useful tech - promote lots and raise as much as possible. Then dump the BTC and provide nothing of note.
All ICO's on here are open to huge manipulation since you can not see who is buying what.
POW with a fair release protocol will always be a fairer way of initially distributing the coins. With anti instamine measures in place it will always be fairer than an ICO conducted on this board as they are conducted right now.
If they need to raise funds for development upfront and widely advertised ICO . Then a POW phase of at the minimum of 50-75% for the rest of the coin distribution. The ICO funds should be held in multi sig wallets and only released to them as milestones are hit.
I understand the argument that POW will centralise eventually to those with the cheapest electricity. That to me is nothing compared to the manipulation that can happen behind the scenes with ICO's conducted here.