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Re: OT: GS/Bitcoin
In Response To: Re: OT: GS/Bitcoin ()

Bitcoin is an implementation ( use case) of a distributed ledger commonly known as - blockchain.
Blockchain is another way to organize information - decentralized.

Bitcoins are indeed being used by the Chinese to get money out of china.
51 pct of issued bitcoins are controlled by two Chinese.

ICO IMHO are scams. When you raise finance for a project or for a company - either you are obliged to give a fixed return ( debt financing) or you habe an obligation toward corporate governance and potential capital gain ( equity) ; the ICOS give you. Neither.

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