So, is this SwarmCoin IPO that's just about to start, legit?

[CryptoPanda]

They have articles about them in both coindesk and bitcoinmagazine which is basically the only legit sources I've found so far.
There is one video of the founder explaining the basics and that's about it?!
No background or info on the other supposedly 4 team members, or anything else.
They claim they have pre-sold swarmcoins for 500 bitcoins already, but no info to whom.

Am I missing something here?

[Didledy]

You could listen to this (from about 2 minutes in)

http://letstalkbitcoin.com/blog/post/beyond-bitcoin-4-money-memes-the-coming-swarm

[Didledy]

You could listen to this (from about 2 minutes in)

http://letstalkbitcoin.com/blog/post/beyond-bitcoin-4-money-memes-the-coming-swarm

It was pain to listen, can you summarize it for us?

Sorry, I've not listened to it thoroughly. I came across it earlier today, so I thought I should give you a link to it in case it's of any use to you.
Perhaps someone else could summarise it if they've found it useful?
I would be interested to see what others think of Swarm.

[r0ach]

Of course it's not legit:

Anything premined with an IPO over the span of 1 second usually has an abysmal market penetration defeating the whole purpose of cryptocurrency, or just results in a pyramid scheme to try and force the masses to enrich a handful of people.  This isn't why Bitcoin was created and seems like a blatant hijack of it to turn it into a get rich quick scheme.  If the proof of stake coin is mined over a long period, like Bitcoin is, then my stance on that is obviously different.

Even the name is garbage.  "Swarmcoin", are you serious?

[fordlincoln]

its a legit company, started by people known in crypto
www.swarmcorp.com

[pikuchato]

legit as fuck 

[Tomatocage]

If it needs an IPO, it's worthless.

[peacefulmind]

buy BTC and LTC.

wait.

repeat.

hodl.

[ethought]

If it needs an IPO, it's worthless.

Facebook had an IPO?

Facebook was well and truly established before their IPO.

[Kprawn]

I listened, to the whole podcast. He did not sound sure of a lot of the things he said. But it's early days.

The concept sounds cool though. If they have a lot of projects, it might be a great coin to invest in.

But the speaker, was clearly nervous, when he spoke. But let's not judge him, based on that. {Lots of people, have problems, speaking in public, but they are great programmers and developers.

Time will tell.