What is an ICO? An ICO is an initial coin offering. The New York Times recently described ICOs like this: "Imagine that a friend is building a casino and asks you to invest. In exchange, you get chips that can be used at the casino’s tables once it’s finished. Now imagine that the value of the chips isn’t fixed, and will instead fluctuate depending on the popularity of the casino, the number of other gamblers and the regulatory environment for casinos. Oh, and instead of a friend, imagine it’s a stranger on the internet who might be using a fake name, who might not actually know how to build a casino, and whom you probably can’t sue for fraud if he steals your money and uses it to buy a Porsche instead. That’s an I.C.O." ICOs are kind of like blockchain-based Initial Public Offerings (IPO) or crowd-funding campaigns. The IPO analogy works because, with an ICO, the company offers tokens or coins in exchange for some value, somewhat similar to an IPO where peo...
Disrupting the energy industry