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The Coin du Jour: The Rise of Initial Coin Offerings

In: The Bitcoin Dilemma

Author

Listed:
  • Colin L. Read

    (SUNY Plattsburgh)

Abstract

Myriad Crypto Bros have concluded the path to affluence can come from the design of a new coin. Some have done so for notoriety, and still others even on a lark. A few innovators, such as SatoshiNakamoto, Satoshi, appear motivated onlyNakamoto, Hatoshi to satisfy a sincere ideology to bring banking to the masses without the need to rely on institutions too-big-to-fail. The Initial Coin Offering movement often purports to expand on Satoshi's ideal, but has instead left in its wake profits for a few but, many times, even greater losses for the many.

Suggested Citation

  • Colin L. Read, 2022. "The Coin du Jour: The Rise of Initial Coin Offerings," Springer Books, in: The Bitcoin Dilemma, chapter 0, pages 175-186, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-09138-4_17
    DOI: 10.1007/978-3-031-09138-4_17
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