Mimisbrunnr | 8 years ago | on: Hedge Funds Flip ICOs, Leaving Other Investors Holding the Bag
Mimisbrunnr's comments
Mimisbrunnr | 8 years ago | on: Ponzi Schemes Using Virtual Currencies (2014) [pdf]
Not an answer to your particular question, but semantics seems to be the only difference between insurance and gambling.
If a bookmaker offers you a $500 bet that your house won't catch on fire this year, what is the difference in both intent and outcome?
The law is a fickle beast.
Mimisbrunnr | 8 years ago | on: The Race to Create the Amazon of Cryptocurrency
Not a single mention of OpenBazaar, easily at the forefront of the sector.
Terribly lazy journalism.
"A free online marketplace to buy and sell goods / services using Bitcoin. OpenBazaar is a peer-to-peer ecommerce platform with no fees or restrictions."
Mimisbrunnr | 8 years ago | on: Ask HN: Startup CEO giving employee grief for quitting
If they give appropriate notice what is the difference whether the employee is on holidays or not?
Having watched from the sidelines while workplace relations break down a few times, it always amazes me how simple forthright communication could solve many of the issues both parties have.
Too many on both sides treat employment as a battle to be fought rather than a mutually beneficial arrangement.
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Invested in one that raised just over $1m, it was considered a huge amount at the time, they had a solid team, serious whitepaper and a rough alpha open sourced product that you could load up and use. A small team that struggled with limited funds and still going strong long down the track.
Today whitepapers have little scientific merit and are more brochures. These companies are raising 100's of millions with no product whatsoever.
Only time can tell legitimacy, and unless you have both the technical and economic ability to properly assess these offerings the best advice is to stay far away until a viable alpha product is created.
Anecdotal experience is that >95% of ico investors haven't even tried the product they have invested in. Seen people who spend hours a day on the forums spruiking yet can't even point to the binary download page when asked.