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by ruytlm
3219 days ago
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> The OMG token sale, which raised $25 million, took place in July and initially one OMG token was worth around $0.27. Today, the value is at more than $11, giving a return of more than 40X to anyone who bought in at the ICO stage. > Another startling fact to note is that neither company has an actual product in the market right now. Although that is common with ICOs because investors buy into a product roadmap that will developed with the funds raised via the token sale. No, don't worry, this isn't a bubble. We're just experiencing a speculative soapy-water sphere situation. |
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Crypto is definitely a bubble. Perhaps one of the biggest bubbles to burst when this happens four to five years from now.
> I need to start thinking of a few product roadmaps
I know you are being facetious, but it really is not as simple as putting out a roadmap. Think about it: If you could pull this off, but are not doing it, you'll have us believe you are willingly turning down millions. If you can't pull it of, your comment becomes a cheap meaningless jab at things bigger than you. Both options are quite unbefitting of HackerNews.
> You also have to write a whitepaper.
http://plasma.io/ Pay attention to mentions of "micropayments".