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Am I an idiot for not understanding blockchain and ICO sales at all? Like, I get them somewhat in theory, but not understanding how they would actually be used?
by throwawayqdhd 8y ago
Am I an idiot for not understanding blockchain and ICO sales at all? Like, I get them somewhat in theory, but not understanding how they would actually be used?
- jimothywales 8y agoPurchasers generally use them to get early and cheap access to potential speculative bubbles. Most "investors" fully intend to sell them as soon as it makes sense. In other words there's no utility at all.
- icebraining 8y agoThere are a few (e.g. Kik, Brave) that claim the coins will be used in some sort of platform, that presumably will sustain the value of the currency.
- jimothywales 8y agoHowever one should always be hesitant to believe these claims because there are no regulatory agencies currently protecting investors in the case of ICO fraud.