Good read for those interested in buying into an ICO

[shyliar]

Good article by Ray Dillinger about the current state of cryptocurrency and ICOs. Ray was involved in code review and security auditing of the block chain portion of the Bitcoin source code for Satoshi Nakamoto. Interesting to read a little about that history too.

Two things brought up that are really worth paying attention to:

The author lays out some ground rules for doing due diligence if buying in. If you're not following the guidelines mentioned at least acknowledge you're being a fool as you part with your money.

The second thing is more interesting to those creating ICOs. He mentions some of the similar digital currencies created before bitcoin and how people ended up in prison. He notes how many of the current ICOs are following the same path. At least take the time to read so you know where your heading.

https://www.linkedin.com/pulse/id-known-what-we-were-starting-ray-dillinger

[wxa7115]

Good article by Ray Dillinger about the current state of cryptocurrency and ICOs. Ray was involved in code review and security auditing of the block chain portion of the Bitcoin source code for Satoshi Nakamoto. Interesting to read a little about that history too.

Two things brought up that are really worth paying attention to:

The author lays out some ground rules for doing due diligence if buying in. If you're not following the guidelines mentioned at least acknowledge you're being a fool as you part with your money.

The second thing is more interesting to those creating ICOs. He mentions some of the similar digital currencies created before bitcoin and how people ended up in prison. He notes how many of the current ICOs are following the same path. At least take the time to read so you know where your heading.

https://www.linkedin.com/pulse/id-known-what-we-were-starting-ray-dillinger

It would be nice if this was posted in some other place where you can read this without having to login in those social media websites, I have no doubt that the article is probably interesting but without an account there then it is impossible to make sure that is the case.

[Dullmartini]

That is a very interesting (and a bit depressing) article. Thanks for sharing!

The author argues that people launching ico's should do it in compliance with the securities laws wherever they are.

He also says that most coins are just marketing hype without any chance of it becoming a real income generating product (but that there are some good ones).

[wxa7115]

That is a very interesting (and a bit depressing) article. Thanks for sharing!

The author argues that people launching ico's should do it in compliance with the securities laws wherever they are.

He also says that most coins are just marketing hype without any chance of it becoming a real income generating product (but that there are some good ones).

Unless you are in the moon that is something that has been known for a long time, of the hundreds of coins out there and  there are only a handful of coins that are worth anything after you take a way the hype, the most difficult thing is to find the ones that are worth your time before they go up a lot.

[itsonlikedonkeykong]

A very good read indeed!

Ray goes way back to the beginning of Bitcoin. I love his references to interchanges he had with both Hal and Satoshi.


Thank you so much for sharing.

[XbladeX]

Good article by Ray Dillinger about the current state of cryptocurrency and ICOs. Ray was involved in code review and security auditing of the block chain portion of the Bitcoin source code for Satoshi Nakamoto. Interesting to read a little about that history too.

Two things brought up that are really worth paying attention to:

The author lays out some ground rules for doing due diligence if buying in. If you're not following the guidelines mentioned at least acknowledge you're being a fool as you part with your money.

The second thing is more interesting to those creating ICOs. He mentions some of the similar digital currencies created before bitcoin and how people ended up in prison. He notes how many of the current ICOs are following the same path. At least take the time to read so you know where your heading.

https://www.linkedin.com/pulse/id-known-what-we-were-starting-ray-dillinger

Very good article. But author uderstimate people greed and chase fo BTC2.0 all want make x1000 in year here.
This is main problem becouse many coins made that so people started looking for new big thing