<story><title>Half of ICOs Die Within Four Months After Token Sales Finalized</title><url>https://www.bloomberg.com/news/articles/2018-07-09/half-of-icos-die-within-four-months-after-token-sales-finalized</url></story><parent_chain><item><author>shawn</author><text>One promising example is SpankChain. It&amp;#x27;s a cryptocurrency specifically designed for the porn market.&lt;p&gt;Traditionally, it&amp;#x27;s hard to make money in porn due to fraud and chargebacks. Most payment processors also won&amp;#x27;t touch you. But crypto has no chargebacks, so it&amp;#x27;s a natural fit.&lt;p&gt;One could argue that if you have to dip down to the level of porn just to find some value, ICOs are worth dismissing. But I would say that it&amp;#x27;s a decent example of the future potential.</text></item><item><author>jacquesm</author><text>&amp;gt; Eventually someone will realize that the smarter move is to create sustainable value over time.&lt;p&gt;Most ICO&amp;#x27;s - if not all of them - are powered by the greater fool theory, sustainable value isn&amp;#x27;t really on the table.&lt;p&gt;I see value in the blockchain and some in BTC (but not as much as others apparently do), but the whole ICO concept seems to be just a way to transfer wealth from greedy suckers to even greedier suckers.</text></item><item><author>shawn</author><text>Once ICO scams stop working, the world will move towards traditional models. Crypto is out there, and it&amp;#x27;s not going anywhere. Eventually someone will realize that the smarter move is to create sustainable value over time.</text></item><item><author>MBCook</author><text>Why would anyone running an ICO agree to that? Clearly the current system ‘works’.&lt;p&gt;They get money, no accountability, and everyone just moves on.&lt;p&gt;No wonder crypto-currencies enjoy such a positive image among the ‘haters’ and ‘doubters’. Because they keep earning it.</text></item><item><author>mrnobody_67</author><text>I&amp;#x27;m so surprised that smart contracts aren&amp;#x27;t being used to release the funds over some set of time, with the ability for community to vote to block it if they feel team has stalled. Nobody needs $20 or $50m on day 1.</text></item></parent_chain><comment><author>madamelic</author><text>&amp;gt;One could argue that if you have to dip down to the level of porn just to find some value, ICOs are worth dismissing&lt;p&gt;One could also argue that when porn starts adopting a technology, you should adopt it too because that tech is what is going to win.&lt;p&gt;Porn has consistently chosen the winners and any tech that discourages or disallows porn&amp;#x27;s involvement loses.</text></comment>
<story><title>Half of ICOs Die Within Four Months After Token Sales Finalized</title><url>https://www.bloomberg.com/news/articles/2018-07-09/half-of-icos-die-within-four-months-after-token-sales-finalized</url></story><parent_chain><item><author>shawn</author><text>One promising example is SpankChain. It&amp;#x27;s a cryptocurrency specifically designed for the porn market.&lt;p&gt;Traditionally, it&amp;#x27;s hard to make money in porn due to fraud and chargebacks. Most payment processors also won&amp;#x27;t touch you. But crypto has no chargebacks, so it&amp;#x27;s a natural fit.&lt;p&gt;One could argue that if you have to dip down to the level of porn just to find some value, ICOs are worth dismissing. But I would say that it&amp;#x27;s a decent example of the future potential.</text></item><item><author>jacquesm</author><text>&amp;gt; Eventually someone will realize that the smarter move is to create sustainable value over time.&lt;p&gt;Most ICO&amp;#x27;s - if not all of them - are powered by the greater fool theory, sustainable value isn&amp;#x27;t really on the table.&lt;p&gt;I see value in the blockchain and some in BTC (but not as much as others apparently do), but the whole ICO concept seems to be just a way to transfer wealth from greedy suckers to even greedier suckers.</text></item><item><author>shawn</author><text>Once ICO scams stop working, the world will move towards traditional models. Crypto is out there, and it&amp;#x27;s not going anywhere. Eventually someone will realize that the smarter move is to create sustainable value over time.</text></item><item><author>MBCook</author><text>Why would anyone running an ICO agree to that? Clearly the current system ‘works’.&lt;p&gt;They get money, no accountability, and everyone just moves on.&lt;p&gt;No wonder crypto-currencies enjoy such a positive image among the ‘haters’ and ‘doubters’. Because they keep earning it.</text></item><item><author>mrnobody_67</author><text>I&amp;#x27;m so surprised that smart contracts aren&amp;#x27;t being used to release the funds over some set of time, with the ability for community to vote to block it if they feel team has stalled. Nobody needs $20 or $50m on day 1.</text></item></parent_chain><comment><author>detaro</author><text>If it is just payments, why have a special cryptocurrency? Or does it do something more clever?</text></comment>