Hacker News new | ask | show | jobs
by discombobulate 3265 days ago
1) Watch out for the website. And here's another tip from Vitalik,

'Reminder: if someone makes a token sale that gives discounts to large buyers, this can be circumvented via collective-buying smart contract.'[0]

I think people are going to start understanding how to navigate the new investment waters. It's going to take time. I still don't have as many sources of info in the area as I'd like. That too -- if the market continues to develop -- will change in time.

[0]: https://twitter.com/VitalikButerin/status/886191450727297024

1 comments

The 'tip' can be summarised to just 'avoid token sales, you mug'
Can it? I understood it as more nuanced.
IMO, not Vitalik's
Vitalik was talking about token sales that give discounts to large buyers. And that they can be circumvented via collective-buying smart contracts.

I got that information by reading his tweet.

Frankly, I don't know what you're talking about. I would imagine if he was trying to convey one should avoid all token sales he would have said something similar to that. Not something specific to a specific situation.

The trick I'm employing involves reading comprehension.