What is an Initial Coin Offering and How Does it Work?

Re:What is an Initial Coin Offering and How Does it Work? by omarchowdhury on Monday July 03, 2017 @11:25AM (#14688911)

They just scroll it. And do you know who they are? The Chinese. The Chinese are the ones fueling the ICO craze. How do I know? I'm hanging out in a Slack channel full of them. I asked them how did you get into crypto? Verbatim response was that "friend said it easy money". Then he said "China full of money." Full of money indeed.

In fact the majority of ICOs are not even open to Americans.

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Re:What is an Initial Coin Offering and How Does it Work? by jonstokes on Monday July 03, 2017 @11:57AM (#14689194)

Heh, my guess all along has been that the crpytocurrency story right now is about capital flight from China and India (i.e. the recent cash ban there), and possibly from some other destabilized regions like MENA.

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Re:What is an Initial Coin Offering and How Does it Work? by marknyc on Wednesday July 05, 2017 @11:48AM (#14703383)

Can you tell me the slack channel and how to get invited? I'm located in the US but would love to hear and see what investors in China are thinking. Thanks.

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