DAOs -> ICOs

9 months ago · ca9ca8b573
parent 618921d21f
commit ca9ca8b573
1 changed files with 1 additions and 1 deletions
--- a/02-principles.md
+++ b/02-principles.md
@ -45,7 +45,7 @@ rules of Bitcoin, and they failed. Changes in Bitcoin take many years to
 succeed and are more like optimizations than rule changes.

 Several years after the Bitcoin started, other project types came in waves.
-There was an altcoin phase, after that a DAOs phase, and now NFTs are
+There was an altcoin phase, after that an ICO phase, and now NFTs are
 everywhere. Many of these are just scams. Some may have interesting
 technological properties or have a narrow specialised uses. However, if you
 want to spend money on them, you're just gambling.