Latest posts of: iconoclast

I don't think all that much of projects that release buggy MVP's just so they have something to show potential investors. I do check Github repositories to see what sort of work they have been doing on the project. It is my experience that projects that start building before asking for money are the ones that actually continue building after they get money.

Games built on the blockchain have not been a success. They tend to be neither fun or lucrative. If you want people to play they either need to be a good way to make money or a lot of fun to play. So far I have not found one that meets either of those conditions. I have some ETH Town Heroes so I will give this new game a try but I am not all that optimistic.

Quote from: adekogbe on November 13, 2018, 01:21:14 PM

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

The most intelligent approach is to make the bounty a percentage of the money raised. That way you actually tie the interests of those doing the bounty with the goals of company. It used to be the most common approach to running a bounty campaign. Smaller budgets will only get you fewer participants. I know that I won't do small sum bounties unless the duration is really short (like 1 or 2 weeks) and the number of participants is small. The way to avoid spamming is to make it a fixed amount of stakes per week rather than allocating stakes for each post.

Quote from: Rhinoboy11 on March 18, 2018, 01:15:37 PM

this is my own opinion but it may help others.

I have found that all the ICOs i have invested in have launched at almost the ICO price but in a few days dipped below the ICO prices by half or 5X for some.

With this i have discovered its better not to invest in an ICO but wait for the launch and the DIP to buy it at the corrected prices made by market forces.
Its just too hard to tell the real or recommended value of a token in an ICO these days.

Hope this helps to the new investors thinking of ICOs

The main cause of that is ICO's offering substantial discounts to Private and Pre Sale investors without attaching a hold period. If you avoid ICO's that are overly generous to the whales you will be less likely to get played for a sucker. Anything bigger than a 10% discount without attaching a hold period is setting itself up for a fall at the open.

The way that I find bounty campaigns is by using the search function on this forum.

Press the search button in the navigation bar.

Search for: Bounty

Tick the box marked "Search in topic subjects only"

Choose the number of days. I recommend 7 days.

Untick the box marked " Check all"

Select "Bounties" as the board to search in. (second last one one the right hand column)

Hit Search.

#Proof of authentication
Bounty Campaign: Facebook, Twitter & Telegram
Bitcointalk Username: iconoclast
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1152897
Telegram username: @CMRoxburgh

I would treat a celebrity endorsement as a negative. It has been my experience that when a project goes out to seek celebrity endorsements that project almost always ends up being a scam. I look for endorsement by knowledgeable and successful people within the cryptocurrency industry, not athletes or movie stars who know nothing and are just there to attract unknowledgeable investors into parting with their money.

Some really interesting statistics about ICO's. While the overall number of ICO's declined, Ethereum actually increased its dominance. The total amount raised fell by 17% from the previous quarter but the amount raised in Ethereum saw a 4% increase. Also if you read the report this thread is based on the shortest duration ICO's were the most successful as well as those with a smaller Hardcap.

Though there is no legal requirement for KYC for bounties for KYC AML reasons since no payment for tokens actually takes place. It has nonetheless become ubiquitous as ICO's try to weed out the increased incidence of people signing up to bounties using multiple identities. I would say that if you are not prepared to identify yourself you should probably not do anymore bounties.

If it was going to replace Bitcoin it would have done it already. The original idea was to create something that worked better as a payment medium. Unfortunately it is only marginally better as a payment system and there are other competitors that work even better. It also lost a lot of credibilty about how it has reacted to a fork being created of itself.