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Author Topic: Charles Hoskinson – co-founder and ex-CEO of Ethereum saw this fallout coming.  (Read 1561 times)
yorklab
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September 04, 2017, 03:51:44 PM
 #1

Charles Hoskinson said this ICO fallout was coming several months ago; he really nailed it.

https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb

Hoskenson believes only the quality coins will be standing after the fallout.



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September 04, 2017, 03:57:49 PM
 #2

Charles Hoskinson said this ICO fallout was coming several months ago; he really nailed it.

https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb

Hoskenson believes only the quality coins will be standing after the fallout.


This is generally right, for the garbage ones, we can't expect too much growth after fallout. But all of the loss wil recover with time, even for the worst ones, I believe. We should always take this founders serious before looking at the market.

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September 04, 2017, 04:11:41 PM
 #3

I also did an interview on Bloomberg about this topic: https://www.youtube.com/watch?v=LNS8ucQj-rM

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September 04, 2017, 05:33:35 PM
 #4

I also did an interview on Bloomberg about this topic: https://www.youtube.com/watch?v=LNS8ucQj-rM

oh my lord, the himself legend has graced with his presence.

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September 04, 2017, 07:30:05 PM
 #5

I've been posting on Bitcointalk for years.

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September 04, 2017, 07:33:28 PM
 #6

Charles Hoskinson said this ICO fallout was coming several months ago; he really nailed it.

https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb

Hoskenson believes only the quality coins will be standing after the fallout.



We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins. Grin
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September 04, 2017, 07:34:20 PM
 #7

I think sooner or later, these tough measures had to be taken. The most blatant ico Scam, not developing the needed technology. Such is now and fell good coins are kept and will go up soon.
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September 04, 2017, 07:58:09 PM
 #8

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We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

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September 04, 2017, 08:01:36 PM
 #9

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We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.
I agree with you. I also think that it's obvious. Everything in Economics textbooks - 90% of traders losing their profits advanced it to us) Classic.

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September 04, 2017, 10:26:49 PM
 #10

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We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

Since your talk on this subject I've been trying to follow the coins you seem to favor; and though I have missed out on the 10x moves on some of these ICOs, I've also seen my portfolio grow, but more importantly, i'm able to relax without constantly watching the exchange.

This may only be the beginning. If other countries follow suit then all the ICOs will be in trouble.



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September 04, 2017, 11:06:04 PM
 #11

I don't think its fair or accurate to say that all ico's are in trouble.

But the days of funding 50million usd for a whitepaper are OVER, and thats a good thing for crypto.
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September 04, 2017, 11:08:48 PM
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We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

ICOs where always a bad ideia.

A shame that your words will fall in deaf ears... even with whats happening at the moment people are still thinking about buying everything they can without taking into consideration what exactly is the "thing" they are buying.

No one with their head in the right place needs an expert to predict the rage and tears that are bound to come once people realize they have lost their pants and have no chance of getting them back.
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September 04, 2017, 11:41:38 PM
 #13

I also did an interview on Bloomberg about this topic: https://www.youtube.com/watch?v=LNS8ucQj-rM

Its nice when we get to see influent people frequenting the forums. Thanks for your insight and good luck with your future projects Smiley

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September 05, 2017, 03:08:25 AM
 #14

Hoskenson believes only the quality coins will be standing after the fallout.

The person who had warned Charles before he joined Ethereum that a Turing complete blockchain would be a “can of worms” and warned about ICOs here on BCT since 2016, predicted this ICO collapse event 2 days before.

With that public record of correct predictions, it’s notable that he is expecting eventually only non-ICO tokens will be standing:

Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?
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September 05, 2017, 03:15:35 AM
 #15

Charles Hoskinson said this ICO fallout was coming several months ago; he really nailed it.

https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb

Hoskenson believes only the quality coins will be standing after the fallout.





The ICO hype is getting stronger and stronger time by time, especially this year where projects fulfil and hit the cap within seconds-minutes and even causes ethereum network to go stuck. The huge money flow is just creating some sort of "Bubble", maybe i should not call it as a bubble but some overflow of cash

Industry is going too fast, a pause might be good for things to go further

Guess Quality coins should rebounce within 2 weeks as i realise the recover period for crypto is kinda of fast compare to Fiats

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September 05, 2017, 03:23:43 AM
 #16

I also did an interview on Bloomberg about this topic: https://www.youtube.com/watch?v=LNS8ucQj-rM

You should have done a crusade on all the ICOs. I read your article on bloomberg but was surprised not many heed to your advice.

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September 05, 2017, 03:28:37 AM
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how i wish i saw your video before going in too deep.. =(
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September 05, 2017, 04:55:33 AM
 #18

Quote
We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

I think the community should become active and make at least some small movements to add some value to trust/non trust. Not regulatory but "as a service" ad some extra value and give some extra trust.

 Community Driven Audit: https://bitcointalk.org/index.php?topic=2135456.new#new

I know it is not that easy solvable and contains many problems maybe also risks, but I believe the community should start thinking about some kind of solution. Its just an impulse / thought....

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September 05, 2017, 05:16:14 AM
 #19

ICOs are here to stay, too many coins with real value propositions like omg, ppt, veri, salt etc... folks just need to be wary of the sh*tcoins and not fall for the hype
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September 05, 2017, 05:44:18 AM
 #20

Quote
We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

The thing is tho, after everything falling and collapsing, what's left is only greed.  Whatever it is, be it ICO tokens or pennystocks, 'greedy people' (or smart people?) will always come up with 'investment vehicles' to make money and get rich quick.  There's no other way around it.

And what's going on with ICO's and all that, it's really nothing new.  Honestly, I hope it lasts longer than the tech bubble.

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