There's an interesting thread here analyzing ICOs as if they were startups. I'll give the counterpoint: they're investment scams.https://twitter.com/zaoyang/status/899008960220372992 …
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Recruitment in traditional scams happens over phone calls (boiler rooms), letters, and every other channel people talk to each other on.
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The fundamental innovation of crytocurrency is that it has distributed, self-organizing recruitment through incentive structure for adoptees
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