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RE: INSIDER ADDRESSES THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO

in #steemit • 7 years ago

It's not very clear, ICOs are for developers who need funding not for companies who want to make profits. If they want to make profits then it should be called a sale, not an ICO.

7 years ago in #steemit by
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     7 years ago 

    "We" never called it an ICO. We have consistently called it a token distribution. We have always called it revenue.

    The community projects their own (intentional?) missunderstanding in spite of our efforts to correct the terminology.

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     7 years ago 

    You said It's not an ICO about 500 times on telegram :)

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     7 years ago 

    I tried to make that clear as well. I stated that there is a product (the platform) being sold.

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     7 years ago 

    If they want to make profits then it should be called a sale, not an ICO.

    Well, the ICO craze of 2017 has kind of blurred the lines there ...

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