ICOs = More of the same

[dumplingsandsushi]

The ann forum and bounty forum are absolutely nuts.  I've been looking up a bounty program to join soon and kept running accross the same uninspired projects over and over again.  I noticed there were 5 types of projects that kept popping up:

-decentralized banking
-decentralized exchanges
-tokenized gaming
-healthcare on the blockchain
-social media/social communities

well, there were more, but each project proclaimed stuff like "The world's first blah blah blah" and in each thread there would be like 10 posts immediately after the OP saying random shit like, "This looks promising!" or "Great idea! Great team!" and of course a bunch of people reserving translations.

I actually get excited when a weird one pops up.  Like doing an ico to fund a utopian community based on renewable energy out in the middle of siberia. That shit is lit.

[1714610018]

1714610018

[bittick]

This time there are so many similar projects just want to compete between each other. Thoe are not aiming for the future of project itself, but only interested in flipping the money into the doubled or more.

[NathanJB]

This time there are so many similar projects just want to compete between each other. Thoe are not aiming for the future of project itself, but only interested in flipping the money into the doubled or more.

This is the result of so many projects already. Others who want to join in the party cannot think anymore of a new innovation that they could introduce as revolutionary and a breakthrough project. They would end up copying something that is already existing and twitching a little of this and a little of that to appear original. But generally, they are simple copycats.

[dieselmeister]

yup. dont see any special idea from ICO in this time. All they focus is card, shop, payment and VR.... but sometimes simple idea is still good

[Bit_Happy]

Something really New

# Seeking people who try to understand and/or ask questions to help make this more clear.
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ETH Bubble Game / Early Seed Angel Mania  (numbers a bit extreme)
Early Angel Numbers Are "Extreme" (?), how much do they typically make?


For Every (for example) Early $100 From "Angel/Whales"                      
      pre-seed   1st       2nd       ICO
$100 |  $300  |  $900  |  $2700  |  $9000  (Based on discounts, re-investing, "private deals", etc) // then...Dump crap tokens and start over!  |

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Introducing Time-Frames: Short/Medium/Long-Term

         2018      2020      2024     2027/2028

$100 |  $300  |  $900  |  $2700  |  $9000  |
 

Numbers look the same, but you have more time to build real companies, not copycats.

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Now Show Building With The Community
>>> Fresh, New-wave Companies built (with help from) the Best and Brightest of this community.    

// Science Fiction Fans >> We have a special school for you.

:Play W/ Time +
:: Building With The Community
:::Borrowing from your long-term trust(!)

        2018     2020     2024      2027

// Note: ICO Credits were once a brand new idea, it took "one big Payday" for everyone to start treating then like real money. This is a NEW, improved type of Magic Money. Created for "students" (and HappySocks!) who want a better Future.

1) >> (Some time/effort required) Receive (for example) $200K Long-Term ICO Credits related to 2027/2028 'goals'.

2) "Invest" $1,000 (or more) Long-Term ICO Credits ("Today") by ""borrowing from your long-term trust(!)  // Someone will understand?
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2018/2019 +$800 (or much more in short-term profits)  / Reinvest at least $300 "Back Into the Future"  
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2020/2021 +$2,000  / Reinvest at least $700 "Back Into the Future"  // 2027/2028 Trust Fund is Paid Back
(Current profit ~$1,800 or much more )
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2024 +$3,400 or more <snip>

Make steady to Huge returns within 10 years starting with zero money and investing a bit of time in new wave companies built (with help from) the Best and Brightest of this community.    
The "gross cycle" of greed is slowly broken, since we offer something much better.

Comments?


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ps. Can anyone make an info-graphic based on these ideas?
#No_Competition

[berrygood]

I agree with you, but there is one more point also people still continue to investing in those ICOs, this is bad only for them

[illiki23]

yup. dont see any special idea from ICO in this time. All they focus is card, shop, payment and VR.... but sometimes simple idea is still good

Oh come on.  Aside from the scams yes there are many many mundane half thought out ones which will fizzle, maybe even 95% of them, but there have been a steady stream of good ideas which either will radically change how the web works or inspire future technology that will.   Look at how far Ethereum and IOTA have come and look at some of these really great application ideas being put forth.  Legally binding trustless decentralized smart contracts, a decentralized IOT framework which handles both computation and storage, new means of tapping into users unsused computational and storage resources to monetize web sites and services, and so on.

I am amazed at the hundreds of crappy ideas but even more amazed at the gems such as Oyster or SIA or Etherparty and so on.

[Bit_Happy]

yup. dont see any special idea from ICO in this time. All they focus is card, shop, payment and VR.... but sometimes simple idea is still good

Oh...

I am amazed at the hundreds of crappy ideas but even more amazed at the gems such as Oyster or SIA or Etherparty and so on.

Looks like you and the OP can "both be correct", there is way too much of "More of the same" all shouting for attention, and you are correct for pointing out some do have great potential.

[Filmmmakerr]

Every ICO does seem the same, I've been looking for an ICO with a completely original idea for a while now. Nothing seems to be popping up.

[rube08]

It is now hard to differentiate between good ones that are genuine and unique and carbon copy ones that just repeat what the previous ICO did.  I would suggest reading the whitepaper and ask yourself if it solves anything, could this be a revolutionary project that can profit and make money.

[sock_info.doNOT.send.$]

Every ICO does seem the same, I've been looking for an ICO with a completely original idea for a while now. Nothing seems to be popping up.

There are some, but too much noise in this forum.

[Dutchyyy]

I notice the same - just another real property ico, another exchange ico, another copy-paste.

ICOs number exploded lately and it's hard to find anything original.

[Decio]

Yes, most icos have become to be the same, and it's quite sad to seen it this way.

[Sir Cross]

This time there are so many similar projects just want to compete between each other. Thoe are not aiming for the future of project itself, but only interested in flipping the money into the doubled or more.

I guess that a majority of the ICO have patterned it to be like the ones that were already successful in the past. Most of the investors have based the success of the ICO on the type and goal of the project so they would like to have attractive projects. Also, some projects such as the one OP has shared like an ICO to fund a utopian community based on renewable energy out in the middle of siberia may sound impossible and does not attract that much investors if it sounds too weird or risky. This probably the reason why there are common ICOs that are similar; a way of playing safe.

[weav]

I don't think it was that different 2/3 years ago .

People were scamming with ico's then also. There are still good projects to put money in you just gotta do some good research.

[dumplingsandsushi]

This one is old, but at least it gave me a laugh, Murraycoin:

https://bitcointalk.org/index.php?topic=436190.0

I was talking with a colleague today about possible applications of blockchain technology in education, in particular standardized testing.
We're not experts in blockchain technology but we're both in education and can see how this can cause a huge paradigm shift in academics.

I've been looking for a project in education and am really curious as to how they can utilize the technology.

That is something different that I would willingly become a part of.

[feelideb]

Spectre.ai is a lot different though. Spectre.ai is building broker less trading platform with virtual reality. This project has reach an advance stage and ico is been conduct for funding. Spectre.ai idea is actually solving life experiences problem in which many investors are been defrauded by rogue broker. Spectre.ai is bring solution to this. And that solution is not just whitepaper solution!

[sweetpeaches]

Check out Confideal! Smart Contracts without coding skills- looks really promising.
Also icobench's rating is 4,7.
https://icobench.com/ico/confideal

[awilliams]

LOL that last sentence had me haha

I agree. There's a lot of people flooding those sectors. One I found was very unique is cybermiles. They have a dectralized marketplace, but they partnered with 5miles app to implement the blockchain. So essentially, that's the first case study in real time. They also have a bunch of cool features int heri ecosystem that I haven't seen before.

[Beicin]

There are indeed a great number of very similar projects. But thats the case in anything you decide to take a look at: The overwhelming majority consists of average or subpar products, while only a handful will really grow into something big and truly disruptive (take the dot com bubble for example - you don't have many googles and amazons, they're few of a kind)