Bitcoin'S bubble set to burst

• Autores: Timothy Revell
• Localización: New scientist, ISSN 0262-4079, Nº. 3157-3158, 2017, pág. 35
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Sick of hearing about bitcoin? Well it's unlikely to be any different next year, and ICOs, the latest cryptocurtency fad, will be impossible to escape too. This year, Jamie Foxx, Paris Hilton and Floyd Mayweather all promoted initial coin offerings. Named to mimic initial public offerings, where firms raise money in exchange for shares, ICOs allow companies to swap tokens for cash. These tokens are forms of cryptocurrency secured using a blockchain, the technology behind bitcoin. People who buy tokens during an ICO are banking on their value increasing. Once the platform is up and running, demand for tokens will rise, so early investors can sell them at a profit--or so the theory goes.