cashmonkey85

Joined 14 years ago

Karma

77

Submissions

72

Member since

Jul 16

View on Hacker News

Recent submissions

Comment · 9 years ago

Is unfair to call ISOs a casino. Casino are not outright scams and you know what you are paying for when going to a casino

Comment · 9 years ago

New Zealand as a nation is very suspicious of success. 'tall poppy syndrome'

Comment · 9 years ago

Dam $4B loss. At least ethereums real value of 0 is still unchanged

Comment · 9 years ago

It can be a little difficult to pin them down. As everything is surrounded in more flash sounded tech that doesn't deliver. It's like trying to say if Amway, the multi level marketing company is a scam or not.

First it's the pre sale of tokens. Very problematic way of raising money. Nearly all pre sales token campaigns follow the same story. Build flashy website and run a slick marketing campaign. Make grand world saving claims for this software you are going to build by really you aren't. Raise a lot of money (10M USD or more). Then after the sale fail to deliver of the claims and shameless move onto the next crowd sale.

There is also the past of etherium founder. VB tried to do another crowd funded scam before etherium that was a lot more blatant. VB also puts his name on many ICOs (initial coin offering) which all end in scams. The founders take the large amount money and then the product in vaporware.

A post on why their tech is not that good https://bitcointalk.org/index.php?topic=1427885.msg14601127#...

Comment · 9 years ago

ETH is scam and a marketing program. It's interesting that even the educated developer community of HN cannot see this and how effective flash marketing can be

Comment · 9 years ago

Bitcoin is not anonymous your link doesn't say it is. It's easier to hide your identity than a credit card but it's more) not anonymous and there is a big focus on fixing this.

Comment · 9 years ago

These ICO scams are so profitable right now. You would be crazy not to run one. They have the formula down too. The all look the same. And it's a scam with no legal consequences. Your product is vaporware and you get to keep the money

Comment · 9 years ago

This is really not the case. It's been pair reviewed and testing for 2 years. Plus has been run on testnet since last year. It's technically superior and should be activated on bitcoin but it's been blocked for political reasons

Comment · 9 years ago

I'm curious where? Someone actually pays you to do this?

Comment · 9 years ago

...and it's a vaperware scam. Their technology just doesn't add up. No way it does what is claims.

Comment · 9 years ago

You sound like you are being sarcastic but Ethereum is a vaperware scam so yes they did not research the project.

Comment · 9 years ago

If Ethereum actually worked as an autonomy trustless network (which is what the project claimed to be) then there would be no middle man. But Ethereum is just vaperware and a marketing project

Comment · 9 years ago

That's why when hiring I always say hire the lucky person not the hard worker. You're an idiot if you think it's hard work that explains success of a company. I get applications to role a set of dices and the one that roles the hirest number is hired.

Comment · 9 years ago

That's likely an exception being paid for out of deep Hollywood pockets