Quote from: Dyna on June 18, 2018, 04:16:16 PM

Quote from: MiningHabit on June 18, 2018, 02:53:05 PM

Quote from: Brandon Cheliak on June 18, 2018, 11:59:38 AM

Alan I think the requirement that our community members be forced to participate in an ICO is preposterous. Since seeing the first ICO's launched 4 years ago, I've refused to participate in a single one of the hundreds I've researched, and don't plan on starting anytime soon.

I'm as non risk-averse as they come. I make a lot of moves that no sane financial advisor would condone, but that's because my risk profile is a certain way. I'm comfortable making high variance moves with non-trivial amounts of Risk of Ruin.

But ICOs are where I draw the line. I've staunchly refused to participate in a single one. And like you, I don't ever plan on that changing.

MiningHabit, ICO can be the greatest tool for capital formation. Unfortunately, it has also been used as the greatest tool to exploit consumer protection.

I agree with this sentiment Alan, it has huge potential for investors and startups. If it were good, honest people with real businesses I was investing in, ICO's would be a great tool. But it will take a lot to earn back the trust after being completely destroyed by one ICO in particular, and then having opinion reinforced by many others. If any of you have time, check out "stackcoin". This ICO in 2014 was a blatantly obvious example of the same basic scheme that has now evolved into something much more covert and insidious:
https://bitcointalk.org/index.php?topic=457575.0

And scammer exits with a final slap in the face to investors:
https://bitcointalk.org/index.php?topic=457575.800