Using Stellar for ICOs

Re:Using Stellar for ICOs by eridius on Wednesday August 02, 2017 @06:41PM (#14915338)

But the way ICOs work is you offer a token that people pay you for. If your token doesn't actually have any purpose whatsoever, then there's no reason for anyone to buy it.

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Re:Using Stellar for ICOs by wmf on Wednesday August 02, 2017 @07:26PM (#14915598)

Y'all are both right. Some tokens are (theoretically) required to use the app and some tokens will (theoretically) pay dividends like stock shares.

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Re:Using Stellar for ICOs by psyence on Friday August 11, 2017 @02:59AM (#14987244)

Tokens are more than that. They are not only fuel for apps (see: Ether), and "stock shares" that generate dividends (see the "stock split" of Bitcoin Cash and Bitcoin; see also Digital Developers Fund, Metal, and Etherroll, which has already PAID dividends to token-holders), tokens are also mechanisms for self-governance within an organization, required as a proof-of-stake to vote for the decisions the business is going to take (see DistrictOx0. Put more simply, tokens are a new asset class with the best of the old asset classes plus new, upgraded features from the new internet of blockchains.

For being on the y-combinator board some of y'all sure are slow seeing the gravity of the disruption.

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