RE: Why its good Steemit didnt have ICO and has no Ads - Based on Case of MyCellium by kyle.anderson

Viewing a response to: @kingscrown/why-its-good-steemit-didnt-have-ico-and-has-no-ads-based-on-case-of-mycellium

bitcoin · @kyle.anderson · Jun 6 '17

$2.55

Steem might not have had an ICO but they did launch the blockchain quietly a few times and most of the steem was mined before the introduction of Steemit. There is nothing inherently wrong with the ICO model other than many of the current projects not having any reason to have a token in the first place. 

If you are going to do an ICO your token better have some economic value in your project. A prime example of a project with a useful ICO was Maker's MKR. Augur REP is another useful token in the Augur project.

There will be many more ICOs and many more uneducated investors getting involved. There will be a 'bubble'. Be careful and do your research.

👍 transisto, claudiop63, kingscrown, kyle.anderson, rossco99, boatymcboatface, wingz, kalestew, laurieanderson, edb, edges, theshell, elevator09, mk40, karlm, ihashfury, sumatranate, joshuaatiemo, plainbroadcast, joncreasy, point, val1d1ty, moataz, makinstuff, writingamigo, velimir, babasile, sethlouey, jscottdavis28
👎 abit, smooth

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@sumatranate · Jun 6 '17

Hey Kyle!  Thanks for the reminder of not following the hype.  Information not emotion should drive most investors.

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@kyle.anderson · Jun 6 '17

Yeah that's not always the case here on steem :P I do my best to bring some pragmatism to this place...

👍 sumatranate

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@splintercellt · Sep 27 '17

@kyle.answerson is there somehow i can get in contact with you, i have a partner thats looking for some advice in relation to starting our own ico/ coin.

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1 reply

@moksamol · Jun 6 '17

ICO is very risky but also high return if it is successful. It is depend on level of risk you want to take. I think it is also good idea if we do research on the ICO and milestone of the project. In addition, we can follow the progress of ICO and its price after 1 to 3 months on the exchange and review its work progressed before investing on it. I am not investor or trader of any experience in the market. This is just my views. :-) Be profit and have fun with cryptocurrency. Anyway, I am long on Steem and I like @Steemit.

👍 hardcore-crypto, plainbroadcast

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@amexperts · Jun 6 '17

I just wrote a piece on ICO's here that may be of interest to others reading...

https://steemit.com/ethereum/@amexperts/all-ico-s-are-scams

👍 amexperts

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@fuckmylife · Jun 8 '17

A sharp response from a sharply dressed man

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@kyle.anderson · Jun 8 '17

Comment after flag from @abit and @smooth. Nothing wrong with a flag - just hoping it was for reward disagreement. I don't think a flag is the right way to treat something that could be interpreted as steem criticism.

@transisto could this have been vote nullification from the whale experiment?

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