- Add Intro / Background to README.md - Why? Why not?
Welcome greater fools! Thanks for your money and hodling the bag!
Q: What's an Initial Coin Offering (ICO) / Token Sales?
Read the free excerpt titled ICOs: Magic Beans and Bubble Machines from the book Attack of the 50 Foot Blockchain by David Gerard.
Token offerings have been around a while, but kicked off enormously in the second bubble. The usual pretext is crowdfunding, but in practice the tokens are just traded on the exchanges as commodities. The creators then cash in. The value proposition for buyers is, as for the creators, easy money in a bubble.
-- David Gerard (Attack of the 50 Foot Blockchain / ICOs: Magic Beans and Bubble Machines)
More (Free) Reading
See Best of Bitcoin Maximalist - Scammers, Morons, Clowns, Shills & BagHODLers - Inside The New New Crypto Ponzi Economics about Bitcoin's New New Crypto Ponzi Economics.
See Crypto Facts - Decentralize Payments - Efficient, Low Cost, Fair, Clean - True or False? about the Mother of All Scams & Bubbles and the Austrian School of Economics Crypto-Utopia and the Future of Money and the Rich Getting Richer.
See Awesome Initial Coin Offerings (ICO) Truths about the Scammers' Big Lies.
- - Add - Why? Why not?
Inside the New New Crypto Ponzi Economics - Fiction, Fiction, Fiction - The Art of the Steal
- - Add - Why? Why not?
BTC • BTG • BTD • LTC • SVD