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June 12, 2019, 05:54:33 AM |
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I remember in the early days of altcoins when NXT did their IPO. It was a simple old-fashioned IPO. Yup, that's what we called it back then. An OP would write up a thread and we'd send little bits of a bitcoin to an address with a message attached. Then launch day would come, we'd start up our wallets, and receive our coins. Easy. Simple. No problem.
Nowadays it's all about Ethereum or one of its clones, ERC-20 tokens, DAOs, and exchanges. The word IPO itself is now gone - replaced by ICOs, ITOs, IEOs, STOs, IFOs, and IAOs. There is no longer a single OP. It ALWAYS has to be a team of people instead. Instead of simply sending BTC to an address, you have to make an account at an exchange or a service or a website or download a piece of software.
Whatever happened to the good old-fashioned IPOs of yesteryear?
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