I created this video to make fun of ICOs
I've been seeing a trend in the cryptocurrency space - there are tons of ICOs making HUGE promises about software that they're going to make, but I don't think people are aware of the potential downsides.
You know, things like how:
- The Ethereum technology is still very new, so bringing these programs to life is a tall order. Especially with the scarcity of Ethereum programmers on the market.
- The companies running the ICOs are still centralized and bureaucratic in nature, thus their companies, although on a decentralized platform, will still face the same problems.
- Legal forces will impact the company's infrastructure and ability to produce solutions
As as a result, I decided to create my own token for a couple reasons. First, I wanted to see how easy it was and create currency out of thin air. Second, I wanted to teach people some of the basics in Ethereum. And third, I wanted to have some fun.
Check out the video below, and learn about The Most Private Coin Ever. I think you'll get a laugh out of it.