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Am I an idiot for not understanding blockchain and ICO sales at all? Like, I get them somewhat in theory, but not understanding how they would actually be used?
There are a few (e.g. Kik, Brave) that claim the coins will be used in some sort of platform, that presumably will sustain the value of the currency.
Is there actually $4B USD equivalent tied up in Ethereum escrow somewhere, proof of stake style, or can the issuer not just “buy” their own tokens, tumble the “proceeds” for a bit, and “buy” some more?
Earlier quoted context omitted.
They're building EOS, they're probably going to be dumping Ethereum for the forseeable future. Pretty interesting strategy to be honest. Imagine raising your capital with the stock of another public company, then your proceed to continuously devalue said public company by dumping your shares in order to gain liquid capital to build your product. Edit: The most interesting thing to come out of the cryptocurrency is th…
That's why some of the more progressive platforms opt for a dual token model, separating the governance token from the utility token. The founders of one of these used the example that you wouldn't go into an Apple Store to buy an Apple product with Apple shares.
I work on this
Earlier quoted context omitted.
They're building EOS, they're probably going to be dumping Ethereum for the forseeable future. Pretty interesting strategy to be honest. Imagine raising your capital with the stock of another public company, then your proceed to continuously devalue said public company by dumping your shares in order to gain liquid capital to build your product. Edit: The most interesting thing to come out of the cryptocurrency is th…
That's why some of the more progressive platforms opt for a dual token model, separating the governance token from the utility token. The founders of one of these used the example that you wouldn't go into an Apple Store to buy an Apple product with Apple shares.
They should use the 4 billion to buy a crypto portfilio of coins with actual value. Litecoin and Ethereum would be a good start.
Litecoin and Ethereum don't have value either.
Earlier quoted context omitted.
That's why some of the more progressive platforms opt for a dual token model, separating the governance token from the utility token. The founders of one of these used the example that you wouldn't go into an Apple Store to buy an Apple product with Apple shares.
I assume you're talking about NEO :P I work on this https://o3.network/
I'll try to check out the mobile wallet sometime.