Hello from ICO Mania, the land where anyone can crowdfund a project with a little code, a little math, and a lotta smart contracts. Bitcoin price towards the beginning of January fluctuated around $15,000, a cool down from last year’s hype hovering around $20,000. But this cooldown isn’t stopping all the ICOs that are happening. So far for this month alone, there are over 30 ICOs to occur. More ICOs that days in the month.
It makes you wonder how many of the projects are real, functioning projects and how many are hoping dumping shit coins to get rich quick. Honestly, people are getting robbed. They are willing to shell out their fiat in hopes that this investment will pay off. The harsh reality: ain’t no one getting rich except for the ICO mania masterminds. Do these projects/protocols work? Can you install them and run the code? That’s what I’d like answered.
In honor of ICO Mania, the land of shitcoins galore, I’ll list a couple of my favorites.
- Suncoin – generate sun warm and fuzzies from mining
- Geocoin – a coin for geocaching (wtf does this mean?)
- Duck Duck coin – “experimental payments” coin
- Global Domination coin – purely listing for the name
- H20 coin – generates water through mining… (just keep swimming y’all)
- Oil coin – digital reserve currency backed by oil (the idea has merit but not compliant by OPEC standards)
See y’all on the other side where real network adoption is key!