Ethereum Proposes 'Guidelines' To Stop ICO-Related Fraud
The best name is initial fintech offering. Whoever invented the ICO was either a fraud or failed plain grammar. Coins are for spending, contracts are for rights, shares are for ownership, bonds are for money. These are all tokens in the sandbox. All of them can be offered in a IFO.
Smart contracts and block chain are two different technologies. Smart contracts work just fine with fractional reserve banking, the gold standard, and the shoe standard; no block chain required. The block chainers are nuts. Why in the world would some think that smart contracts need blockchain?
Anyway, like I say, let us call it a Initial Fintech Offering and skip the little kiddie programmers. Have the real mathematicians move in and make this all work.
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