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

Re:What is an Initial Coin Offering and How Does it Work? by calafrax on Monday July 03, 2017 @05:15PM (#14691466)

You have to wonder how much insider trading goes into this.

I would assume there are some big bitcoin/ether holders from the early days now who are sitting on billions in theoretical worth and the ICOs provide an inflow of cash that allows them to cash out.

If you have a big bitcoin/ether position then you can make these ICOs pop and then the momentum ends up pulling more people into ether/bitcoin which allows you to exit your position.

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Re:What is an Initial Coin Offering and How Does it Work? by omarchowdhury on Monday July 03, 2017 @08:07PM (#14692456)

This is exactly what has to be happening.

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Re:What is an Initial Coin Offering and How Does it Work? by jonnathanson on Tuesday July 04, 2017 @12:06PM (#14696624)

Totally. I would actually be surprised if it's not the case.

I'd also expect a decent amount of what is essentially wire fraud from "startups" who never intend to ship anything.

The blockchain is a revolutionary concept, but right now it's looking like little more than a wild west of fly-by-night opportunism.

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