socratesone

8 jaar geledendiscuss

I wonder if most blatant bs ICO projects are not just clever (pre-regulation) transfers of wealth from retail investors to management. Tron is the quintessential hype > value project, and now they are bolting on actual assets through buying stuff with their war chest. Even better for management, they don't have a fiduciary duty to token holders..

socratesone

8 jaar geledendiscuss

Excellent - would love to test out when you are done

socratesone

8 jaar geledendiscuss

Does anyone have a script or app that can go in and delete every post I've ever made? Google turns up a few Chrome plugins that all look dubious. Be great to have an authoritative guide to deleting everything without fully deactivating Facebook (since there is still a lot of utility in it w/r/t rolodex, event planning)

socratesone

8 jaar geledendiscuss

Damn. Was my favorite finances tracking app. What else do people like?

socratesone

9 jaar geledendiscuss

Wabi seems to be doing it right: https://www.wacoin.io/

socratesone

9 jaar geledendiscuss

That's an easy but lazy reduction, and not accurate.

- They raised from the public

- Founder comp tied to release of a product that works

- They are focused on making a product that works, not on optical theatrics (in fact one of their biggest weaknesses is they've been horrible at optics)

socratesone

9 jaar geledendiscuss

It was a project that was and continues to be promising from a development and utility standpoint, but that has been marred by terrible governance, internal politics, and amateurish management

socratesone

9 jaar geledendiscuss

Looks great. Mind if I DM you re:set up? Having some trouble

socratesone

9 jaar geledendiscuss

I sold some in the recent run up but by and large still think worth to include some now, given the following potential:

1. Store of Value: Bitcoin is better than gold at what gold does. Gold is about $7tn. BTC ~$180bn

2. Anonymous payments (Monero, Zencash, ZCash): Many use cases for wanting to pay in an untraceable way

3. Global payment network: Move large amounts of money around the world with only an internet connection; faster and cheaper than remittance options today

4. Censorship resistance: As hard as cash to censor, but you can move much larger amounts of it instantaneously, around the world.

5. Diversification potential: Sketchier since its early and return drivers are not yet clear, but early results show no correlation with existing asset classes, which if true would be a huge boon to asset managers

I am less optimistic about in near term about:

1. Smart Contracts: Think we are farther away from the vision of smart contracts creating a trustless society blah blah than most people think. Right now 99% of smart contracts swap ether for ICO tokens. There is potential, but IMO very very overvalued right now.

2. Most ICO funded start ups

Practically, I think due to BTC's head start it will win the digital gold box - it's my biggest digital asset position.

ETH has a head start in the smart contract world, but upstarts like EOS and Cardano promise better scalability and governance - so I have some of those. Plus my view is ETH will have a tough time once ICO bubble bursts, so not holding in short term.

Have some of the privacy coins too (XMR, ZEC). And have tiny positions in tokens from most promising projects.

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