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    Gee, maybe I’m too cynical but it’s hard not to see these as just P&D. What distinct value/utility does this token provide?

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      The main reason for altcoins is “maybe I’ll get rich for free too if I start my own magical internet money!” ICOs just brought the process to perfection.

      Though in this case, it does have a lot of “let’s see how this goes”, and he did start by giving almost all of them away.

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        The main reason for altcoins is “maybe I’ll get rich for free too if I start my own magical internet money!” ICOs just brought the process to perfection.

        I don’t have anything against altcoins, several of them do offer a real distinct advantage not present in other coins (litecoin, ethereum, monero, peercoin, namecoin, primecoin, etc)

        Indeed, the complexity of forking the bitcoin repo and building and making a small patch was enough to filter out a lot of folks. Tokens are AFAIK remarkably simple to create.

        Though in this case, it does have a lot of “let’s see how this goes”, and he did start by giving almost all of them away.

        That seems to be the cleverest bit of all. Create value from nothing with the appearance of altruism. But it’s really just “expensive” marketing. “Only” keeping 2% of the coins that took remarkably little effort to create. Dump on an exchange 72 hours after airdrop. Lather, rinse, repeat.