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> I'm not sure why this would be inconsistent You could also think of bitcoin as an ICO. There's 21 million tokens that Satoshi sold, that people purchased wit
by smokeyj 9y ago
> I'm not sure why this would be inconsistent
You could also think of bitcoin as an ICO. There's 21 million tokens that Satoshi sold, that people purchased with the expectation of profiting from. Boom, it's a security. If the financing model of a traditional blockchain is okay, but issuing tokens are not.. then programmers are about to get very creative with how get around loopholes.
> But many ICO won't have to be ... issued by humans
I mean the contract will be written by a person. But instead of having a central "issuer" (like a core team) the issuing mechanism is automated via the contract on the blockchain.