Topic: [2017-11-16]What On Earth is IFO after ICO (Read 161 times)
Nice read.He proposed IFO as Initial fork offerings.That made me laugh at some point.But why the author dont believe in forks even though he said they are going to offer something Bitcoin doesn't like big blocks etc etc.?
In my opinion, this is just a disguised form of token issuance and fundraising. The technical threshold of such projects is low. They are used for speculation under the banner of “better than bitcoin”. In short, anyone can fork bitcoin as long as a new codebase is created on GitHub, and tutorials are available on the Babbitt forum … In addition, the initiator is free to DIY the project content, for example, SBTC’s checkpoint functionality is easy to cause the problem of centralization. There may be exchanges putting these types of tokens on line, but only for speculation purposes probably. Check the original fromhttp://news.8btc.com/what-on-earth-is-ifo-after-ico
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