"Initial Coin Offerings" are all the rage these days. A project called Bancor raised $153 million within a handful of hours. This week, another called Status.im raised at least $64 million. Both evoked so much enthusiasm that transactions clogged up the underlying network. The startup behind chat app Kik is planning an ICO sometime this year. According to a recent CoinDesk report, "So far in 2017, blockchain entrepreneurs have raised $327m through ICO offerings, a figure that now exceeds the $295m raised through VC funding."
Pros: Some people are getting rich. Cons: You probably won't be one of them.
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