congrats on this topic... advise is never too much when dealing with ICOs and i really like the way you've written the OP.
Unfortunately most of the ICOs are scams or have a really unprepared or unprofessional team and will never leave the concept phase...
I have done my share of participations and checked a lot of ICO's lately ...
I think that most people also help to create the environment on which these scammers and weak teams thrive, people arrive to the crypto world with a "get rich quick" idea and they are the ones that support these pump&dump schemes and go crazy on investments on stuff that has no possibility to be done...
People need to realize that blockchain can change the world, and that projects are more than just a coin... the coin is created to support the project in several prespectives (computing power, values, financing, etc) and it is NOT the most important thing... people need to open their mind and see that if they support a real project and help it to succeed, they'll receive a much higher reward...
It always comes down to money... we all need it to be able to live on our society, but it can't be our only purpose, otherwise we'll be simple bots...
If our minds change, scammers will have no where to go...

Quote from: john1010 on April 27, 2018, 01:19:47 PM

Following you in BCT and also here    Do you plan to have a bounty campaign here?

Hello
Airdrop only btt, signatures work here.

hello,
how should we proceed to wear the signatures here? register through btt?
thanks

Quote from: dentolas on May 07, 2018, 11:29:25 AM

maybe it is me, but i can't see how you place value into a coin that has no market value... if you are exchanging it for your tokens (that would supposedly have a market value and ICO investors behind it), and then burning the tokens, you'll be loosing value on your own tokens because the assets behind that coin have already failed ...
the problem is that the market is always the boss and if a project failed, and this can be due to many reasons, and lost the market, i can't honnestly see how you can make profit from this

This is an interesting issue. Did the project really fail because it had bad assets, or did it fail due to other reasons? Assets by themselves, when we are speaking about code, might be faulty. This doesn't mean they can't be debugged and used on other projects. That makes them valuable assets.

On the other hand, there are many more hidden assets within these coins, which will remain relevant even after we burn the dead coins we acquire:

1. The users. Integrating users from hundreds of failed coins under a single umbrella (CoinJanitor) creates network effect. That is extremely valuable! They will be integrated through custom token-for-dead-coin swaps. Burning the dead coins we will receive after we provide onboarding doesn't affect the value of that network effect at all.

2. Transaction data and meta data within each of those blockchains. Data is a great asset, and when we get to analyze hundreds of blockchains, we will find behavioral patterns that we will be able to use. That is a huge asset. It is the raw material we need to produce more advanced tools, and it will remain even if we burn those dead coins.

The final part of the issue you raised has to do with the invisible hand of the market. Yes, the market is king. These projects have been relegated to oblivion. The market does that everywhere, and then it also gives people the opportunity to re-purpose those assets that were relegated to oblivion: scrap metal is a good business in many places around the world; at the height of the 2008-09 economic melt down, gold went above $1,700 USD an ounce and businesses were collecting old electronics to extract the gold from them because it was a viable business. We see that kind of value in dead coins. The price of these coins is almost $0 per coin, but their value as a raw material, as an asset that can be re-purposed or as "waste" that can be recycled, can be order of magnitudes greater than what the price reflects.

well, first of all, thank you for this interesting explanation!
I agree with some of your points, especially if the coins to be "recycled" are chosen very carefully... sometimes the failure can be due to something simple and easy like marketing faults and nothing to do with the core project...
nevertheless there are somethings that are not so easy, for example concerning the network effect, how many people still hold the dead coin? if it was a coin that had an exchange outlet, most of the holders probably already got rid of it...
will the developers still be reachable? most of them are anonymous and long gone...
how will you burn the coins? (maybe this is a dumb question) will you only target ethereum tokens? CoinJanitor will be an ERC20 token?
sorry for so many questions, but i find this a very interesting project to discuss

As ICOs têm surgido como cogumelos, lembrando uma corrida ao ouro dos tempos modernos.
A triste conclusão a que muita gente chega depois de andar neste mundo por algum tempo, é que a grande maior parte desses projectos apenas vai atrás do dinheiro fácil. Mesmo não contando os scams, a maior parte são apenas ideias suportadas por equipas pouco preparadas ou profissionais...
Por outro lado, não existindo ICO, o financiamento é complexo e manter uma equipa forte a trabalhar a tempo inteiro no projecto torna-se um desafio enorme com grandes exigencias de coesão e dedicação ...
Não podemos ignorar a velocidade a que o mundo moderno está a mudar, a blockchain está a entrar na nossa vida por todos os lados e não irá demorar muito tempo até que a estrutura para uma nova era esteja preparada...

O que pensam das ICOS? Já investiram em alguma? Precisamos de um novo modelo ou este é bom?

penso que o bitcoin tem o problema de ser controlado por alguns dos mesmos que controlam os mercados fiat de hoje em dia... não depende dos governos, mas depende das baleias... no entanto com a globalização e adoção generalizada, qualquer bolha não tem grande significado...
gostei muito do artigo

(estou a adorar esta secção de noticias)
no ano passado era fraude porque queriam baixar o preço e acumular bitcoin... este ano já não é fraude porque já acumularam...hahahahah
esses rapazes do mundo financeiro são engraçados

como é possivel que no mundo das cripto existisse algo assim ? vi uns videos e realmente parece um pastor de igreja manhosa...
não sabia que tinham fechado... e mesmo assim ainda ficar a 6 dolares...

Em Portugal os rendimentos provenientes de criptomoedas não se encontram sujeitos a tributação (pelo menos por enquanto)
Um amigo que faz tradings já há uns anos pediu um parecer vinculativo ás financas e foi o que veio comunicado

No Brazil pelos vistos não querem regulamentar, mas querem os impostos..