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While people agree on most of ICOs being scammy what is really disheartening to see is that many big names in cryptocurrency space end up being featured as "adv
by thisisit 9y ago
While people agree on most of ICOs being scammy what is really disheartening to see is that many big names in cryptocurrency space end up being featured as "advisers". I have been told that these many of these guys are given lot of ICO coins for free or charge up to 10 btc.
- bitcoinmoney 9y agoit's called market signaling. I just read it from a previous HN post/commentary. Example: Once they use VB as their adviser everyone just thinks the coin will go to the moon. 99% of these ICOs really don't need a blockchain and are just selling a prepaid discounted giftcard where the discount is not determined until a maturity date and you don't even know if the company is there for you to redeem your giftcard.