The bubble has to pop some time, and why not now.
Of course, the video’s the good bit.
To write an ICO white paper, you must: 1. State a problem. 2. Assert that ERC-20 tokens on the Ethereum blockchain will solve it. I don’t think there are any other steps.
Protostarr is an aspiring entertainment industry company that was running an ICO. The ICO has been shut down after a call from the SEC. And they’re not the only ones to get a call.
Startup funding is always a tricky one. How about an ICO for struggling instant messaging startup Kik to get money from crypto gamblers without diluting their ownership? Offering a “general purpose cryptocurrency” to take cryptocurrency “mainstream,” that’s only slightly completely centralised.
Today’s blockchain post is over at my music blog, Rocknerd — about Opus (streaming record distribution on the blockchain), Viberate (live music on the blockchain) and Kim Dotcom’s k.im (Dotcom being Dotcom on the blockchain). All of these have an ICO, of course, and two have convicted felons!
Storj doesn’t work and never will. And the hazards of journalism in an area where unbalanced people are dropping their life savings on digital Beanie Babies.
Let’s get a proper crypto blog going — the blog of the book — because yet another blog to run is just what I need …
(My commiserations to the cryptographers and cryptologists who read that fifth word and died a little inside. I’m afraid it’s becoming proper finance jargon. And even chlorine won’t clear it up.)
And Attack of the 50 Foot Blockchain is now a college text.