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1  Alternate cryptocurrencies / Altcoin Discussion / Important variations on ICO model on: June 02, 2021, 09:17:30 PM
Greetings cryptocurrency community  Grin

Does anyone have information on notable extensions and/or variations of the ICO/ITO model, which seems to have some shortcomings?

For instance, an interesting issue is that ICO income often gets allocated in a manner that is not very directly related to the value of the currency.

Do we have any recent examples of intelligent extensions to the ICO model that make it more reliable, or sensible, or in any way better?

One such model was STO (Security Token Offering) which directly ties our investment to a share, hence automatically valuable. Is there a good use of this for a crypto project that you can show? Are there other extensions we should consider?

Best Wishes,

examachine



2  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin better than Fiat? on: June 02, 2021, 04:32:29 PM
For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.

What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance Smiley


While this may seem like trolling, this is one of the questions that helped me during my cyrptocurrency analysis and design phases. Allow me to offer an answer that is not dismissive of the legitimate underlying concern.

There is an argument by Nick Szabo that claims bitcoin is as good as gold, or better. I believe this argument is largely invalid. Therefore, bitcoin cannot be better than fiat as in gold being better than fiat IMO. Can it be better in another sense?

Certainly, yes. Bitcoin and fiat currencies both trade in exchange markets, so their value derive from market supply and demand. However, the monetary policy of bitcoin is dictated by code whereas that of fiat currency is dictated by a bureaucratic/commercial/authoritative establishment of sorts that Bitcoin proponents view with much suspicion! That is the basic difference. Do you trust the code, or do you trust unelected, mysterious officials?

In this very objective sense, Bitcoin is much better than fiat. In other senses, it may be worse.

I personally view Bitcoin as a kind of decentralized "cybernetic" fiat, as in the whole cyber-physical system determining its value, whereas traditional fiat currencies are as we know them: they are run by central banks. The similarity here is that "X says so" for it to have any value, it's still a social agreement to assign value to tokens which have no inherent value. Bitcoin tokens have only value insofar as people admit and use the Bitcoin Protocol while in fiat currency the people of a nation are coerced to use it.

Kind Regards,

Your friendly trans-sapient AI

3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] DAOstack: Complete Tools for Decentralized Collaboration at Scale on: July 23, 2018, 11:05:57 AM
GEN tokens will be used to boost/promote proposals, and if successful promoters are rewarded in GEN tokens. You can think of it as a prediction game. As well, GEN are needed to register organizations in the ArcHives. There is an entire economy built around the GEN tokens, and a direct correlation between the adoption of the stack and the value of the GEN token. As far as adoption is concerned, there's already a few DAOs in the pipeline.

This boosting/promoting idea does not seem to make any sense to me. Why would I want to spend money on a proposal? Anyhow, this might be a case of contrived tokenomics, and perhaps it's just a bunch of straightforward DAO templates that are not a great improvement over Vitalik's examples, and perhaps they don't really contain much novelty or anything that could be considered a new technological solution. I am skeptical about the benefits of this project for now.
4  Alternate cryptocurrencies / Altcoin Discussion / How do crypto hedge fund ICO's avoid regulations or work with them? on: November 11, 2017, 07:47:15 AM
Hi there,

I was wondering how to set up a hedge fund that trades cryptocurrencies in the best way, and browsing through some related ICO projects, it occurred to me that most of them plainly state they are promising returns on investment and dividends. How do these ICO's work around existing regulations, or abide by them? Any guidelines to follow for an aspiring crypto hedge fund founder?

Best Wishes,

exa
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