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Status.im raises $110M on crowdsale, crashing Ethereum network for the whole day (themerkle.com)
12 points by coolspot on June 20, 2017 | hide | past | favorite | 3 comments



> It is our belief that messengers are evolving into a new type of OS, and are becoming gateways to our economies and social lives. Status uses messaging as a platform, and by combining both a messenger and a browser we are building a gateway for everyday smartphone users to begin using DApps.... [0]

I'm not sure what this means but it must be a lot because, on paper, they just raised about $10M per core developer. This for an open-source mobile client.

I have tried but I honestly just don't get the value prop of these ICOs. The only concept that my mind can latch onto is the basest of explanations – that these offerings represent a chance to ride a gold-rush wave of speculation.

I'm not assigning fault, certainly not with the founding tech team. Its just that the last time I felt so disconnected from a major upswell in the tech marketplace was 1999. Will ICOs follow a similar feast-famine-smaller feast curve?

[0] https://wiki.status.im/


It means they're gonna end up building open source WeChat, who already have the features for what these guys are saying is the future.

So messaging apps was at first pure conversations. Then they started exposing webviews. Now webviews are heavily integrated.

Inevitably the trend going forward is chat-first like how things went from being web-only to mobile-first.


This is getting insane.

I don't know what else to comment here. That's all I've got. This is the sixth cryptocurrency-related crowdfunding I've read about in the last three months that has received double or triple digit millions in funding in a short period of time.




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