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I'd guess they probably kept a few thousands or million coins for themselves. This way if this takes off, they'll have millions of dollars worth of coin to trad
by conradk 9y ago
I'd guess they probably kept a few thousands or million coins for themselves. This way if this takes off, they'll have millions of dollars worth of coin to trade for real money.
Or else they'll act as an exchange, which seems to be a good business too, as long as you have enough capital to get it going.
- koolba 9y agos/trade against/trade for/
- conradk 9y agoedited, thanks
- rch 9y agoSomeone should work through the mechanics of doing this as a form of IPO, without running afoul of applicable regulations.
- seibelj 9y agoThe is already happening en masse. Look up "initial coin offerings" (ICO's)[0] [0] http://www.investopedia.com/terms/i/initial-coin-offering-ico.asp http://www.investopedia.com/terms/i/initial-coin-offering-ic...
- JustAnotherPat 9y agothere will be 10 trillion coins and they plan to keep 9 trillion of them. So more like a few thousand million, not thousand OR million :)