We’re gonna need another intermediary…
In 2013-15 it was trendy for online merchants to pretend to accept bitcoin as payment. It was a very cheap way to get positive media mentions and seem innovative. Overstock, Dell, Tiger direct… they were all at it after they realised it was all media upside. Even Virgin Galactic accepted bitcoin as payment for trips to space at some point (Note: I think paying for a trip to space with bitcoins is actually quite cool).
Continue reading “Frictionless tokens create friction”
I’ve been at a few events recently where people talk about the “market cap(italisation)” of utility tokens issued in ICOs, and comparing them to the market cap of cryptocurrencies or (even worse) listed companies. This is truly dreadful and misleading, perhaps sometimes intentionally so. In this post I introduce two useful metrics for comparing across ICOs: the Reserve ratio, and the Commitment ratio.
For a non-hypey introduction to ICOs please see A gentle introduction to ICOs.
Continue reading “Useful new ICO metrics for 2018”
Some technology startup companies are raising money in a new way, by issuing digital tokens in return for funds. This is often colloquially called “doing an ICO”, and this article aims to explain how this works.
Continue reading “A gentle introduction to Initial Coin Offerings (ICOs)”