Results 1 to 7 of 7
  1. #1
    Pokerface's Avatar
    Pokerface is offline Public Member
    Join Date
    August 2016
    Posts
    2,621
    Blog Entries
    1
    Thanks
    433
    Thanked 866 Times in 625 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/
    statsdrone.com

    GPWA members get a 2-month free trial - DM me!

  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
    2,169
    Thanks
    1,510
    Thanked 1,243 Times in 808 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

    We write excellent long-form content for other webmasters, for free.
    How can we work together on a win/win deal? Be creative!

    I love all links, even NoFollow links!

    Lots of open positions available, PM me:
    • Poker Site Reviewer
    • Casino Site Reviewer
    • Sports Site Reviewer
    • Investigative Reporter
    • Poker Software Reviewer
    • Live Poker Venue Reviewers in US, CA, AU
    • Poker Book Reviewer
    • Drupal Developer
    • Forum Moderators
    • Twitch Poker Streamers

  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 Public Member
    Join Date
    November 2012
    Posts
    2,825
    Blog Entries
    5
    Thanks
    898
    Thanked 1,573 Times in 1,086 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

  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
    4,475
    Thanks
    2,061
    Thanked 4,454 Times in 2,124 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; 2 July 2017 at 12:39 am.

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

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

  9. #5
    universal4's Avatar
    universal4 is online now Forum Administrator
    Join Date
    July 2003
    Location
    Courage is being scared to death...and saddling up anyway. John Wayne
    Posts
    32,412
    Thanks
    3,865
    Thanked 8,786 Times in 5,610 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
    2,169
    Thanks
    1,510
    Thanked 1,243 Times in 808 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
    Join Date
    November 2005
    Posts
    4,510
    Blog Entries
    1
    Thanks
    1,920
    Thanked 2,216 Times in 1,278 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 Former Member 14 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
  •