Posts tagged ICO

We already know that many people become e-residents simply because they are fans of our country, our technology and our ideas, and being an e-resident enables them to show their support. A government-supported ICO would give more people a bigger stake in the future of our country and provide not just investment, but also more expertise and ideas to help us grow exponentially.

As an investment opportunity, estcoins could benefit Estonia and be attractive to investors from the day it is launched. As with e-Residency however, the longer term opportunities could be far greater and possibly beyond anything we can currently comprehend. In time, estcoins could also be accepted as payment for both public and private services and eventually function as a viable currency used globally. By using our APIs, companies and even other countries could accept these same tokens as payment. It will also be possible to build more functions on top of the estcoins and use them for more purposes, such as smart contracts and notary services.

via https://medium.com/e-residency-blog/estonia-could-offer-estcoins-to-e-residents-a3a5a5d3c894

“As a double bonus, if everyone stays irrational it might greatly enrich the author, providing future funding for blockchain performance art.” The great art project of our age is to entirely collapse the distinctions between “fraud” and “performance art,” so that one day mortgage-bond traders will be able to say “wait, no, I wasn’t lying about bond prices to increase my bonus, I was performing a metafictional narrative about bond-price negotiations in order to problematize the underlying foundations of bond trading in late capitalism.”

via https://www.bloomberg.com/view/articles/2017–05–16/hedge-fund-pay-and-trader-lies