TEZOS raised 231 Million

[EVILTOFU]

231 million for what? A whitepaper and a promise of doing something?

As only a wide-eyed child at the time, I'm too young to properly remember the dotcom bubble but can anyone shed some light as to whether this same type of thing was happening then? Were people just throwing money anywhere and everywhere if it sounded good enough?

Me being one of the few here who remembers and participated in the dot com bubble will shed some light on what is happening at the moment.

This is not, I repeat not the Dot-Com bubble all over again.....yet.
What is happening now looks more like the late 80's begin 90's with some 98/99 mixed in.

The fundament of the future is being laid out at the moment and thats what we see happening. And where we are partcipating in. Dont forget its only a 70 billion market(as we speak).
Many coins will be worthless in a few years, many other ico's, probably a bit more regulated, will follow and will shape the future even more. Regulators will step in and banks will enter the playing field. Behind them the ever greedy but also affraid to loose his money is the retail participant. The market will take off then and will swell to immense proportions and only than we can say....THIS IS DOT-COM ALL OVER AGAIN. Probably in 3-5 years. So you better brace yourself because it will be a hell of a ride.


gr E

[hodlthedoor]

we are the pioneers, and the potential to make alot of money is there, of course there is high risk aswell, but the people with patience and the ability to hold longterm are the ones that are going to have the rewards.

[landslide]

will see how much the company will worth, when the token trade in a 6 month time all will tell. this hype goes on and on for a few months now, I doubt it will sustain in any way.

[econcrypto5]

will see how much the company will worth, when the token trade in a 6 month time all will tell. this hype goes on and on for a few months now, I doubt it will sustain in any way.

When will the tokens be distributed? I have seen between 3-12 months... is this really true!?

[furylmz]

When will the stock market open?

[hodlthedoor]

will see how much the company will worth, when the token trade in a 6 month time all will tell. this hype goes on and on for a few months now, I doubt it will sustain in any way.

When will the tokens be distributed? I have seen between 3-12 months... is this really true!?

From Tezos site:

"When will Tezos first be listed on an exchange?
A few exchanges have expressed interest but there is no exact timeline for XTZ to become listed. XTZ will most likely begin listing when the Tezos network becomes active and changes in ownership can be recorded on the blockchain. The development team estimates that the time to completion is around 4 months, however, bear in mind this could take longer due to unforeseen events common in software development. The Tezos Foundation will not be able to allocate tokens until the network launches. If you are anxious about exchange listing dates, we suggest you do not contribute to the fundraiser and wait until such a listing happens."

[Celebrity]

will see how much the company will worth, when the token trade in a 6 month time all will tell. this hype goes on and on for a few months now, I doubt it will sustain in any way.

I strongly agree with you on tezos. It was a hyped ico and no matter how much they raised, it will be a huge disappointment for its investors who are dreaming to make their capital multiply by 5 or 10.

People will take lessons from tezos, unfortunately.

[hodlthedoor]

Theres no question there will be a big dump as soon as it hits exchanges which will drag the price down, thats a given, it will recover and anyone holding long term will reap the benefits. Tezos has alot of money for marketing, and to achieve their roadmap, this ones not going to dissapear.

[AshCoins]

I'd like to see other ICOs wait a few months before distributing tokens as well.  Provides time to use the funds raised to further market and build additional demand. 

[NPFC]

Interesting everyones different views on how this will affect ETH price.

[XbladeX]

Not that bad for an uncapped ICO. I thought it raised to much.
***

THe game is neverr about getting to much moeny but how they will convet those money in real project.
Some real shitcoin have now 250m$+ valuations and they show not much at this price wehre are now.
We will se in few years if tezos will be good project or just not.

[miningnew]

It will surely dump under ico price.
Bigger is the ico, smaller is the rise. I can't see anyway it can keep the $231 M market cap. And I'm sad it did not go into others ico ...
Just see how it ended for the dao, bancor and all ico records.

[furylmz]

Interesting everyones different views on how this will affect ETH price.

Exactly.Everyone expects the price of eth.I think it will have a positive impact

[JeffBrad12]

Not that bad for an uncapped ICO. I thought it raised to much.
***

THe game is neverr about getting to much moeny but how they will convet those money in real project.
Some real shitcoin have now 250m$+ valuations and they show not much at this price wehre are now.
We will se in few years if tezos will be good project or just not.

I think so, at the end of result of the project the best answer will about the project's result. bitcoin has started with no money, But i think tezos will be a good upgradeable version for the smartcontract. But some thing don't make sense for me about claimed to be the better version from the ethereum ( future version). Because of the ethereum still on the development.

[Preclus]

Me being one of the few here who remembers and participated in the dot com bubble will shed some light on what is happening at the moment.

I am in silicon valley and started a company during the dotcom bubble. This is well beyond that. When people were raising money, the investors had shareholder rights. They were on the board of directors of the company, could attend meetings and did due diligence on the company. Not all investments in the companies worked out but when they did shut down, the investors were involved.

On the going public side, companies went public that had huge losses. But they had a company behind them. It wasn't one guy selling you nothing but virtual coins where you had no ownership in the business at all.

In the long run, things with value are worth something. Things that don't have value aren't worth anything. Amazon, Google, etc. came out of that era and produced something of value that made money.

In this case, even if the company that does the ICO makes money, the buyers of the coins don't get it. So, the question is.. does the virtual coin itself have value in the long run? Why will people want to own them? For the hope they will go up in the future? To buy something?

Right now, nobody is buying any of these coins to use them. They are all buying them in the hope to sell them to someone at a higher price in the future. That works out fine if you can find someone in the future who wants to buy them at the higher price. If you can't, it doesn't work.

The only credible use for any of these coins seems to be illegal transactions. Drugs, gambling and ransomware, primarily. There is a market for that but you don't need 50 different virtual coin types for it. Just one will do.

[cryptohunter]

Me being one of the few here who remembers and participated in the dot com bubble will shed some light on what is happening at the moment.

I am in silicon valley and started a company during the dotcom bubble. This is well beyond that. When people were raising money, the investors had shareholder rights. They were on the board of directors of the company, could attend meetings and did due diligence on the company. Not all investments in the companies worked out but when they did shut down, the investors were involved.

On the going public side, companies went public that had huge losses. But they had a company behind them. It wasn't one guy selling you nothing but virtual coins where you had no ownership in the business at all.

In the long run, things with value are worth something. Things that don't have value aren't worth anything. Amazon, Google, etc. came out of that era and produced something of value that made money.

In this case, even if the company that does the ICO makes money, the buyers of the coins don't get it. So, the question is.. does the virtual coin itself have value in the long run? Why will people want to own them? For the hope they will go up in the future? To buy something?

Right now, nobody is buying any of these coins to use them. They are all buying them in the hope to sell them to someone at a higher price in the future. That works out fine if you can find someone in the future who wants to buy them at the higher price. If you can't, it doesn't work.

The only credible use for any of these coins seems to be illegal transactions. Drugs, gambling and ransomware, primarily. There is a market for that but you don't need 50 different virtual coin types for it. Just one will do.

Disagree with some of this.

Blockchain has so many use cases.
Also for illegal usage then having a lot of different coins can be a big advantage ...who wants eggs in one basket. Shutting down/monitoring 10000000s of currencies can be trickier than 1. Of course I dont condone such activities just saying.

[bbc.reporter]

@cryptohunter. Can you enumerate what those uses are? I have heard arguments lately that companies that want to use a blockchain, especially permissioned ones, are in a better situation if they used centralized databases.

[MagenDavid]

Does this mean ETH will see another dip when the Tezos people start cashing out their ETH for real money?

EOS and Tezos will definitely impact ETH price.

[Puncher]

is this the biggest funds being raised so far by any icos ever created?

[williamevanl]

I'm really looking forward to the "We are the new wealthy elite thread" for Tezos... Might be 5-10 years but would be great to see!