RE: Crazy ICO of Monaco

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Crazy ICO of Monaco

in bitcoin •  7 years ago  (edited)

It cannot work in any other way. It happens when things are too centralized we can clearly take gold for an example its a rare material but very centralized and for that reason makes it less valuable.

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yes it will not work and investor must see all aspect before investing

Many of the now popular coins have never had a pre sale. EOS has a ico soon and the total supply will be 1 billion. You think they will get any investor crazy enough to show up for that?
If the do we must re evaluate altcoins.

Block.one set a long fundraising window — 341 days — in an attempt to counter this flash-raise phenomenon, the company said. It’s unclear whether that long window did anything to relax investor enthusiasm. So far the company has sold 20 percent of a total 1 billion EOS tokens being distributed.

Oh ok so its clearly started. Well stupid people should not have that much money anyway.