rodream

I generally think that pre-mined cryptocurrencies are bad, just a lottery for a small group of insiders.

It's less a lottery for the early adopters and more a money funnel for the creators -- and a cash toilet for everyone else.

The technology here is interesting but not new, and the problems that will make this fail are found in the social fabric, not code.

Realistically, though, I think there is a scalable new business model emerging: make up something of no tangible value (bonus points for instead selling a promise of providing something of intangible value), slap on a price tag, add pretty design and some concept videos. Rinse and repeat until the pop.