Should IPOs be banned from the site? Poll

[coinrevo]

But it doesn't need to be banned. People just need to stop falling for it. When there is no demand the game is up.

ethereum's 30M$ fundraiser was stopped by negative campaigns (actually there is more negative things I would have to say about this, but I actually hope they do some work). It didn't stop by itself. Next time there can be a more efficient process. People will then link to old discussions / guidelines. If you want to raise money, follow this, otherwise you will be campaigned against. Negative campaigners can have bad incentives, too. In the real world we have all kinds of laws, from securities laws to libel, etc. Imagine somebody using violence to achieve their financial ends, then things get ugly.

[sakkosekk]

No...allow a free market its freedom.  

Having said that I will not invest in an IPO because I'm too afraid of being scammed.  Plus I favor a fair (i.e., non-premined) start.

Freedom is a tricky concept. Personally I'd feel less free if the society I lived in allowed individuals to try scam me without consequences. The scammers at the same time I'm sure would fell more free if this behavior was allowed. If you scam someone on the free market you are talking about your freedom will pay the price, i.e. jail time.

Freedom for scammers has nothing to do with free markets.

[luckygenough56]

Yes IPOs should be banned, i never do ipo. I need proofs of coin working and everyone should do the same.

[Arros]

Just let people use their own brain to make their own investment/gambling decision.

[Chris001]

I hate people who think if they don't like something, then no one should be allowed to like it.

These people are what ruins the world.

The reason is roach a huge miner.

So he tries to get rid of coins he cant mine

ROTFLMFAO

[Chris001]

No...allow a free market its freedom.  

Having said that I will not invest in an IPO because I'm too afraid of being scammed.  Plus I favor a fair (i.e., non-premined) start.

Freedom is a tricky concept. Personally I'd feel less free if the society I lived in allowed individuals to try scam me without consequences. The scammers at the same time I'm sure would fell more free if this behavior was allowed. If you scam someone on the free market you are talking about your freedom will pay the price, i.e. jail time.

Freedom for scammers has nothing to do with free markets.

You contradict yourself many times in this post.

[lonesoul]

dont forget people 86.65% of all statistics are made up!


I voted no - an IPO itself isnt a bad thing, people just need to be able to spot a scam from a legitimate offering. People invest in all kinds of crazy things in the real world, they should be allowed to in the crypto world imo - i just wish people would risk less and not get so burnt when things do go wrong >.<

[Chris001]

dont forget people 86.65% of all statistics are made up!

This is the best!! Sorry I got to steal this one. I will never forget it!!

 

[empoweoqwj]

dont forget people 86.65% of all statistics are made up!

This is the best!! Sorry I got to steal this one. I will never forget it!!

 

That's very old joke - where have you been dude! 

[drmosh]

nice way to slant opinion by calling them IPOs...   I don't view any of these coins as actual coins... I view them as an experiment in algorithms, more a scientific experiment with social impact...  Scrypt is easy right now so everyone is creating their altcons... but in the event that a big ASIC comes out or a better algo comes out scrypt will probably go away... even SHA-256...

[jdh015232]

they dont need to be banned, they need to be treated more seriously, as more money is moving into these markets. if it doesnt seem like a real company or team or group of developers is backing the coin, it shouldnt be allowed. if something randomly changes after lauchn, like a 600billion premine or whatever, it should instantly be shunned by the community and not allowed on any exchanges.as this market grows more steps are needed to legitamize it for all of our well-being

[empoweoqwj]

they dont need to be banned, they need to be treated more seriously, as more money is moving into these markets. if it doesnt seem like a real company or team or group of developers is backing the coin, it shouldnt be allowed. if something randomly changes after lauchn, like a 600billion premine or whatever, it should instantly be shunned by the community and not allowed on any exchanges.as this market grows more steps are needed to legitamize it for all of our well-being

I'd treat them more seriously if there wasn't a new one every 2 days.

[kalus]

I'd treat them more seriously if there wasn't a new one every 2 days.

WE NEED MORE IPOs!

[Slingshot]

Caveat emptor - let the buyer beware


 Some, even most of us, have yet to fall victim to these types of unethical IPO's.

 Why should anyone have to defend anyone else from themselves?

 After all, no one can save a fool from themselves.

 In other words: Caveat emptor - let the buyer beware


 As for the notion of bans; okay then, Let's exterminate all the useless eaters and be done with it.
Starting with those that we strongly don't agree with. right?

 In other words it's a very slippery slope. And although personally I would like nothing more than
to see the banksters and many on wall street and in the City of London given the death penalty
I will settle for clawing back all their ill gotten gains, and bailouts, and them serving life in a
work prision from the rest of their evil, rotten lives. Hence banning them from ever again doing
harm to others. But it may still be a while before enough folks scream out "Off with their evil,
rotten, dirty, slimy heads".

 Bans? Where shall we draw that invisible line? At pure PoS crypto that are merely IPO's? Because
some might be frauds?

 So we need the Crypto-Currency Police?

 So do we also need financial police and monitors throughout the entire finance sector protecting
every fool from themselves?

 Many understand the OP's points, and rational. But to ban something that isn't even known to
be fraudulent is quite a reach. Rather than that how about the death penalty for possession of
alcohol since it is in fact a deadly poison that also kills tens of thousand of innocent bystanders
each and every year. And after that we can write a much longer list in a vain attempt to legislate
morality.

 I think not. And no one can save any fools from themselves. Maybe some reflection on the matter
will help one realize that no matter what, a fool and their money is soon parted. Just like the fact
that there really is a sucker born every second or so.

 Hence, once again why I sign my posts the way I do. (to repeatedly remind reader to beware).

 And if we are going ban certain types then let's first ban the very one's that brought many of us
including Satoshi to this very place! By hanging them by the neck, till dead. In public, a dawn,
the very day after their speedy convictions.


Caveat emptor - let the buyer beware

[darbsllim]

Does anyone have a list of coins that have IPO'd on the site already?

[r0ach]

Predictably, most votes are against IPO.  The biggest flaw of the poll is that people don't have to disclose being NXT bagholders in order to vote.

[timmyd]

Predictably, most votes are against IPO.  The biggest flaw of the poll is people don't have to disclose being NXT bagholders in order to vote.  The no vote distribution is eerily similar to total NXT founding numbers as well so far haha.

POW not safe,dirty and wasteful yawn

[r0ach]

POW not safe,dirty and wasteful yawn

Ok, let's hypothetically assume everyone agrees with you.  You did nothing to counter my premise in the original post that an IPO is not actually needed to run a proof of stake coin.  It can be considered as nothing more than a money grab.  Even if you only ran PoW distribution for your PoS coin, for a single year, Quarkcoin style, it would still be light years better than what NXT did.

Imagine if NXT becomes the #1 coin?  We already had a book detailing the creation of the Federal Reserve entitled, "The Creature from Jekyll Island".  The book details a handful of bankers sitting down to create a money supply instantly, out of thin air, for personal gain.  You could write the exact same book about NXT IPO if it succeeded.

[empoweoqwj]

IPO = FIAT.

Period.

What does that even mean?

[r0ach]

More scamcoins on the horizon, need more votes.