Hacker News new | ask | show | jobs
by nhoven 3283 days ago
I don't understand why every company is trying to reinvent the wheel with their ICO. Initial offerings should be about price discovery, not minimizing FOMO. A dutch auction is obviously the correct strategy and would be trivial to implement in an Ethereum contract.
1 comments

You'd almost think the point was making as much money as fast as possible while the bubble's bubbling, or something.