Hacker Read

throwawaysleep · 2022-11-12 00:26:09

And the giant scam that is crypto marches on. I feel like such a schmuck for not working on ICOs when that’s as all going on. Was sure that this was all fraudulent, but you can walk off with a billion dollars now and nothing will happen.

JohnJamesRambo | karma 10641 | avg karma 4.05 · | 2017-07-25 16:44:00

This is wonderful news. The ICO world was a disgusting mess of ignorance and pyramid schemes.

tenaciousDaniel | karma 2750 | avg karma 3.96 · | 2018-05-11 15:32:15+00:00

I almost forgot crypto projects could exist without an ICO. Shit's crazy.

paulie_a | karma 1667 | avg karma 0.68 · | 2018-01-09 01:11:22+00:00

Every ico is a scam at this point and I have no expectations that will change. ICO has the reputation of ponzi

Comevius | karma 2165 | avg karma 2.24 · | 2022-01-25 18:26:51

Great post, I almost forgot the ICO craze. I wish people would stop pushing crypto, it's disappointing to see them shilling for something so stupid, useless and harmful.

tobiaswk | karma 244 | avg karma 4.52 · | 2018-03-14 05:12:02

Good. The amount of crazy ICO's I've seen is staggering. Most of them are surely scams in some sense. Reddit is filled with them.

jstanley | karma 21075 | avg karma 4.59 · | 2017-07-03 15:26:11+00:00

Don't confuse ICOs for cryptocurrency.

Cryptocurrency is great. ICOs are almost universally scams.

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AlexCoventry | karma 3471 | avg karma 1.59 · | 2018-03-16 05:06:23+00:00

I'm glad to see they've backed away from doing an ICO token for now. That was sketchy as hell.

Ecstatify | karma 617 | avg karma 2.83 · | 2021-02-27 10:00:29+00:00

Ironic that you say move to crypto when ICOs have been the biggest pump & dump schemes of the last few years.

Ihfhcub | karma 49 | avg karma 1.29 · | 2018-05-17 02:17:32

6.3 billion dollars has been scammed from people so far via ICOs

casualwasher | karma 13 | avg karma 6.5 · | 2017-09-04 08:43:00+00:00

It's an necessary move to take, given there are just so many scams under the cover of ICO. So few innovations, so many ponzi schemes.

anovikov | karma 2112 | avg karma 0.77 · | 2017-07-11 14:05:46+00:00

Why am i not surprised? Nearly all or maybe all ICOs since May have been a deliberate scam. That is beyond the word 'bubble'. That is just it - collective scam. Crowdsourced Bernie Madoff.

KasianFranks | karma 581 | avg karma 1.37 · | 2017-12-04 15:53:31+00:00

This is really good to see. Separating the scam ICOs from the non-scam ICOs is only going to become more important in the future.

6nf | karma 2290 | avg karma 2.0 · | 2017-08-02 23:57:46

ICOs are just straight up ponzi schemes or pump and dump scams. The list of exceptions is very, very short.

space_rock | karma 460 | avg karma 1.7 · | 2021-02-11 14:42:37+00:00

I was talking about crypto and ICO scams

baby | karma 14476 | avg karma 1.71 · | 2023-01-20 04:37:13

Damn. I’m wondering if crypto could follow a similar path, especially with ICOs.

wmf | karma 46152 | avg karma 2.46 · | 2020-05-12 21:17:23

All the other ICOs are also scams.

carrja99 | karma 602 | avg karma 2.64 · | 2017-09-08 13:26:44+00:00

An ICO is one thing and one thing only: a scam.

notananthem | karma 33 | avg karma 0.14 · | 2018-10-10 23:53:15+00:00

ICO's were just a cash grab by unscrupulous entrepreneurs. SEC should police the hell out of this stuff, that's their job.

xwvvvvwx | karma 1583 | avg karma 4.46 · | 2018-03-14 20:13:34+00:00

This should terrify pretty much anybody who did an ICO last year.