Results 1 to 7 of 7
  1. #1
    Pokerface's Avatar
    Pokerface is offline Public Member
    Join Date
    August 2016
    Posts
    282
    Thanks
    35
    Thanked 161 Times in 96 Posts

    Default DAO.Casino Tokens

    Looks like another coin is hitting the cryptocurrency if I am reading this correctly. Dao.Casino is offering tokens to raise funds to develop their product. Yesterday you would have received 2,000 BET for 1 Etherium. Today it is 1,800 for 1 Etherium and will continue to decrease by 100 every three days until the sale ends on July 26.

    So much is happening and fast in the cryptocurrency arena it is hard to keep up.

    Read more here: http://www.the-blockchain.com/2017/0...en-sale-today/

  2. The Following User Says Thank You to Pokerface For This Useful Post:

    TheGooner (30 June 2017)

  3. #2
    PROFRBcom's Avatar
    PROFRBcom is offline Private Member
    Join Date
    April 2013
    Posts
    715
    Thanks
    483
    Thanked 403 Times in 281 Posts

    Default

    ICOs are the new IPOs. Be wary of people raising huge amounts of "hot money" for development who don't have a working product of some kind already!
    https://professionalrakeback.com is a poker site who's primary goal is to provide accurate and up to date information about real money US online poker sites.

  4. The Following User Says Thank You to PROFRBcom For This Useful Post:

    sweetbet (1 July 2017)

  5. #3
    sweetbet's Avatar
    sweetbet is offline Private Member
    Join Date
    November 2012
    Posts
    2,109
    Blog Entries
    4
    Thanks
    511
    Thanked 1,048 Times in 761 Posts

    Default

    Imagine a group of so-called developers being paid millions of dollars upfront to develop an idea. There are a lot of scams out there. Buyers beware. http://altcoins.com/scamcoins
    Sweet Bet | USA Online Casinos | Casino Online | Casino Feed

    "Iíve read the last page of the Bible. Itís all going to turn out all right." Billy Graham

  6. The Following 2 Users Say Thank You to sweetbet For This Useful Post:

    PROFRBcom (2 July 2017), TheGooner (2 July 2017)

  7. #4
    TheGooner's Avatar
    TheGooner is offline Private Member
    Join Date
    March 2007
    Location
    New Zealand
    Posts
    3,570
    Thanks
    1,416
    Thanked 3,187 Times in 1,576 Posts

    Default

    Quote Originally Posted by PROFRBcom View Post
    ICOs are the new IPOs. Be wary of people raising huge amounts of "hot money" for development who don't have a working product of some kind already!
    ICO are the new totally unregulated, totally uncontrolled IPO's

    It's effectively a license to create and issue millions of token that costs almost nothing to issue, on the pretense of creating some very nebulous future project. The issues usually are tens of millions, with 20% kept for the issuers making them immediate millionaires if they can get enough people paying to receive the tokens.

    In the old world, IPOs are undertaken after several rounds of initial funding has taken place, and the company has produced a product or service and is ready to issue a prospectus outlining future growth and returns.

    In the new world it seems anyone issues an ICO on the strength of a website and a big idea. I'd expect 99.5% of these ICOs to never produce anything of value ... although that doesn't seem to matter as many people are simply trying to "stag" the tokens ... onselling them to other people for bigger prices on the exchanges.

    Be very careful with any ICO you take part in.

    EDIT :
    Here is an article outlining some recent ICO's
    http://www.coindesk.com/icos-dumb-mo...hical-dilemma/
    Last edited by TheGooner; 1 July 2017 at 11:39 pm.

  8. The Following 4 Users Say Thank You to TheGooner For This Useful Post:

    happyfeet (2 July 2017), justbookies (15 July 2017), PROFRBcom (2 July 2017), Scampi (2 July 2017)

  9. #5
    universal4's Avatar
    universal4 is offline Security/Membership Team
    Join Date
    July 2003
    Location
    Sinking Faster, just when I thought it couldn't get worse it did!
    Posts
    23,420
    Thanks
    1,355
    Thanked 6,009 Times in 3,884 Posts

    Default

    I'd rather just play the penny market LOL

    Rick
    Universal4

  10. The Following User Says Thank You to universal4 For This Useful Post:

    PROFRBcom (2 July 2017)

  11. #6
    PROFRBcom's Avatar
    PROFRBcom is offline Private Member
    Join Date
    April 2013
    Posts
    715
    Thanks
    483
    Thanked 403 Times in 281 Posts

    Default

    I blame central banking for creating tens of trillions of dollars in "hot money" over the last decade. Bring on the deflation I say.

  12. #7
    happyfeet's Avatar
    happyfeet is offline Public Member
    Join Date
    December 2015
    Posts
    312
    Thanks
    313
    Thanked 490 Times in 208 Posts

    Default

    Quote Originally Posted by TheGooner View Post
    on the pretense of creating some very nebulous future project. The issues usually are tens of millions, with 20% kept for the issuers making them immediate millionaires if they can get enough people paying to receive the tokens.
    Not the same but reminds me of ponzi schemes

    https://news.bitcoin.com/scammy-wate...po-and-an-ico/

  13. The Following User Says Thank You to happyfeet For This Useful Post:

    TheGooner (2 July 2017)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •