> Calling it imaginary money isn't helpful here. "Imaginary" in the sense that it's unrealized in the currency in which it's described, exchangeable only if th

> Calling it imaginary money isn't helpful here. "Imaginary" in the sense that it's unrealized in the currency in which it's described, exchangeable only if there are enough people willing to pay the market rate at the moment. "Unrealized" may be better than "imaginary", that's a fair criticism. So it wasn't $14m USD, it was ETH whose market value at the time of calculating was potentially $14m. To pay employees or themselves I'd also bet they cashed out a slice. I'd love to see a tracker for % of ETH raised at ICO and subsequently sold off. I wouldn't be surprised if the recent flash crash[1] was an ICO selloff. [1] http://www.zerohedge.com/news/2017-06-21/ethereum-flash-crashes-after-status-ico-clogs-network http://www.zerohedge.com/news/2017-06-21/ethereum-flash-cras...