IPO vs ICO vs Pre-Sale

[Daedelus]

Nothing decentralised about a premine, IPO, Crowdfund, ICO, Presale.

Or POW. Millions of blocks mind by a handful of people in the early days of BTC. Satoshi has 5% minimum of all BTC that we know about 

Depends what type of POW you are talking about. A long POW with the right difficulty targeting and with a number of pools on board it is fair. Early adopters are not always there in the long run.

What about for people without mining rigs/ASICS? Or your grandchildren's children?

[shanem]

There is nothing different.
Just that many people hate these pre-sale due to the large amount of scams in altcoin.

[pc888]

Nothing decentralised about a premine, IPO, Crowdfund, ICO, Presale.

Or POW. Millions of blocks mind by a handful of people in the early days of BTC. Satoshi has 5% minimum of all BTC that we know about 

Depends what type of POW you are talking about. A long POW with the right difficulty targeting and with a number of pools on board it is fair. Early adopters are not always there in the long run.

What about for people without mining rigs/ASICS? Or your grandchildren's children?

Exchanges?? Buy it or Earn it.

[Daedelus]

Nothing decentralised about a premine, IPO, Crowdfund, ICO, Presale.

Or POW. Millions of blocks mind by a handful of people in the early days of BTC. Satoshi has 5% minimum of all BTC that we know about 

Depends what type of POW you are talking about. A long POW with the right difficulty targeting and with a number of pools on board it is fair. Early adopters are not always there in the long run.

What about for people without mining rigs/ASICS? Or your grandchildren's children?

Exchanges?? Buy it or Earn it.

This can be said for POS/IPO. So why didn't you include POW in your list if there is nothing inherently fair about it? You still need money to buy your ASICS, and your grandkids-kids will have to buy at prices much higher than today (assuming successful) so they don't even have the opportunity to get a substantial cache.

[celestio]

Nothing decentralised about a premine, IPO, Crowdfund, ICO, Presale.

Or POW. Millions of blocks mind by a handful of people in the early days of BTC. Satoshi has 5% minimum of all BTC that we know about  

Depends what type of POW you are talking about. A long POW with the right difficulty targeting and with a number of pools on board it is fair. Early adopters are not always there in the long run.

What about for people without mining rigs/ASICS? Or your grandchildren's children?

Exchanges?? Buy it or Earn it.

This can be said for POS/IPO. So why didn't you include POW in your list if there is nothing inherently fair about it? You still need money to buy your ASICS, and your grandkids-kids will have to buy at prices much higher than today (assuming successful) so they don't even have the opportunity to get a substantial cache.

No it cannot. IPO usually distributes a very large, or all of the coins to investors and developers/the "foundation". That is generally always horrible distribution, as there's no way for newcomers to mine coins themselves without having to buy in at inflated prices by the whales that now own the coin.

PoW is indefinitely more fair than an IPO can ever be. In PoW, anyone with a cpu, gpu, or asic can begin mining for their own coins no matter how small the reward is. That simply is not available in an IPO, because all the coins are all given away to investors at launch. IPO coins are basically centralized stocks.

Then, there's the small point that having an IPO that isn't registered(Which is what all these coins have done) is illegal. All those developers that sold coins in an IPO, have done so illegally and will at some point be charged.

[Daedelus]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

[pc888]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

Well quite a lot if you mined it when it was a "SHITCOIN".

It's a bit like saying I don't want to work but I am entitled to money. ASIC miners forked out money and lets not forget without those ASICS, the network could would not be able to cope.

[pc888]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

Well quite a lot if you mined it when it was a "SHITCOIN".

It's a bit like saying I don't want to work but I am entitled to money. ASIC miners forked out money and lets not forget without those ASICS, the network could would not be able to cope.

The Buzz word of the wild crypto west is shitcoin, history shows us during the gold rush fortunes where made and lost. Did the guy who dug, get more riches from the gold he dug up or did the guy he wholesaled it to?

[Daedelus]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

Well quite a lot if you mined it when it was a "SHITCOIN".

It's a bit like saying I don't want to work but I am entitled to money. ASIC miners forked out money and lets not forget without those ASICS, the network could would not be able to cope.

So early on, say first 2 months:
In POW you are able to get a hoarde of coins for next to nothing.
In POS you are able to get a hoarde of coins for next to nothing.

Later when developed:
In POW you have to shell out a lot of dollars to get a tiny hoarde.
In POS you have to shell out a lot of dollars to get a tiny hoarde.

But somehow POW is 'fair' and POS is unfair and a s c a m?

[pc888]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

Well quite a lot if you mined it when it was a "SHITCOIN".

It's a bit like saying I don't want to work but I am entitled to money. ASIC miners forked out money and lets not forget without those ASICS, the network could would not be able to cope.

So early on, say first 2 months:
In POW you are able to get a hoarde of coins for next to nothing.
In POS you are able to get a hoarde of coins for next to nothing.

Later when developed:
In POW you have to shell out a lot of dollars to get a tiny hoarde.
In POS you have to shell out a lot of dollars to get a tiny hoarde.

But somehow POW is 'fair' and POS is unfair and a s c a m?

I never said POS was a scam.

[pc888]

I would though like to say your argument is flawed as people still purchase bitcoin and are making money off it.

[MRKLYE]

As a solid bit of advice I would avoid any sort of ICO/IPO/Pre-mine coin.

Most of these do not end up well.. Come to think of it I can't think of one that has done what is promised or had decent return.
Most of these terms are basically the same.. with the "developers" asking for money or pre-purchasing premined coins.
Pretty shady shit if you ask me.

[Daedelus]

Why would anyone buy at inflated prices? Surely you would just buy at market rates, as determined by supply and demand, right?

I have a CPU, how much bitcoin can I get?

Well quite a lot if you mined it when it was a "SHITCOIN".

It's a bit like saying I don't want to work but I am entitled to money. ASIC miners forked out money and lets not forget without those ASICS, the network could would not be able to cope.

So early on, say first 2 months:
In POW you are able to get a hoarde of coins for next to nothing.
In POS you are able to get a hoarde of coins for next to nothing.

Later when developed:
In POW you have to shell out a lot of dollars to get a tiny hoarde.
In POS you have to shell out a lot of dollars to get a tiny hoarde.

But somehow POW is 'fair' and POS is unfair and a s c a m?

I never said POS was a scam.

But somehow POW is 'fair' and POS is unfair and a s c a m?

True, edited. Any response to the actual meat of the comment?

[Daedelus]

I would though like to say your argument is flawed as people still purchase bitcoin and are making money off it.

What do market dynamics have to do with fair/unfair? My argument is that none of the listed options are fair, by any sensible definition, including POW. Do you believe 'fair' = everyone guaranteed to make a profit? If not, what relevance is there in your comment?

[CoinAwesome]

[benthach]

all the same = scam

[Braino]

SOOOO many butthurt posts in this thread.

Sounds like a lot of you should find a new hobby and stay out of crypto.

Use your head and you can profit from almost any altcoin.

Rather than complain about butthurt it's better to spend your time learning not to spread your cheeks so wide.

Devs are allowed to make money from coins, they're the ones who give us the goods to trade and make more BTCBTCBTC
 

[Daedelus]

all the same = scam

Yeah, I didn't think of that. I'm convinced.

Wait... hang on. Let me try something...


all the same != scam


Dammit. . that was what I was afraid of... Now what do we do??!

[pc888]

all the same = scam

Yeah, I didn't think of that. I'm convinced.

Wait... hang on. Let me try something...


all the same != scam


Dammit. . that was what I was afraid of... Now what do we do??!

we all have a drink and celebrate

your shout

[benthach]

all the same = scam

Yeah, I didn't think of that. I'm convinced.

Wait... hang on. Let me try something...


all the same != scam


Dammit. . that was what I was afraid of... Now what do we do??!

there is nothing we can do, just don't buy into it. if we're lucky then we would make some btc but if we get caught holding then chance all the saving would be gone. altcoins trading is more risky than trading pink sheet/over the counter.