Friday 29 September 2017

Let's be honest: ICOs=cancer


This post is in preparation for all the "X country bans ICOs" that are coming in the next days/weeks/months.ICOs are cancer because they are not really serving the purpose of "funding new and innovative projects" they are mostly unnecessary tokens sold by people wanting to enrich themselves fast and bought by mainly:1) naive people 2) people wanting to make a quick buck from naive peopleLong term, it is good for Bitcoin to reduce the absurd dilution of the "digital value token" space that ICOs bring to the table without providing anything really innovative or worthwhile.Now, you're free to upvote/downvote according to your ICO token holdings at this moment in time./rant via /r/Bitcoin http://bit.ly/2fCmRUf

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