ICO investment has surged since the first one back in 2013. 2017 has been the year of the ICO, with more and more small tech companies deciding to raise funds using the ICO structure.
Cryptocurrency ICOs are now being produced in a conveyor belt fashion, as shown by our ICO countdown, there are many going on at any one time. They are also beginning to spread to countries all over the world, originally in the US, lots of countries have begun to jump on the initial coin offering list.
Below we take a look at the rise of the ICO and how it has evolved in its short life-span.
Source: Coinlist
Also interesting: http://www.eoionline.org/blog/x-marks-the-spot-where-inequality-took-root-dig-here/
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anon,
what do you think caused the lines on the chart to diverge so radically?
was it stagflation?oil shocks?offshoring?boomers entering the workforce?automation?imports?taxes/regulation?
while automation might result in some job losses it generally doesn’t suppress wages so i would pick one of the others,or possibly something else entirely–
Hmmmmmm kinda looks like a bitcoin hanging around the neck of the Phoenix on the cover of The Economist in 1988. But it’s just a coincidence I’m sure. Sucker…..
http://endtimeobserver.blogspot.com/2009/09/flashback-1988-economist-magazine-get.html
http://altcoopsys.org/wp-content/uploads/2017/01/ArticleEconomist1988GetReadyforthePhoenix_001.pdf
I know he was just an old white dude but I think PT Barnum had something very astute to say about schemes like this.
OK so you get a “coin purse” that keeps track of your Bitcoin(or whatever) You pay companies with these huge super computers to “mine” for….(drawing a blank here) and the profits are deposited in your purse.
So you’ve got some kind of amount of Bitcoin(or whatever), just what do you do with it? I see some places(like TBP) where they “take” Bitcoin.
Just call me old fashioned but a $1,000 face value bag of pre65 coins seems a lot more tangible. Or some more boxes of Horandy 6mm, 95 grain SST for my favorite long gun.
Or a handful of 2 -4 unit rentals. Guess I’ll miss the boat on this one.
‘Mining’ – at least for bitcoin, is really transaction processing. For bitcoin, this involves cryptographic processing – with these mathematical problems becoming increasingly difficult over time. As payment for performing the processing, the first place that solves the transaction computation receives some small amount of newly created bitcoin – at least this is my understanding of how it works.
This was being done on ASIC (application specific integrated circuit) hardware a few years ago (probably still is – I lost interest a while ago), but we have been seeing malware hijacking the hardware (and electricity) of other people to mine bitcoin (hard to beat free hardware and free electricity . . .).
There were some interesting scams with ASIC vendors, a few years ago, I think some of them went to prison.
Hypothetically, at some point, when all the bitcoins that are to be created, have been created, the transaction processors will presumably get a small percentage of the transaction as their fee, instead of newly created bitcoin.