From ca9ca8b5730fc90f933e9cbf75eb67b76a23e2d7 Mon Sep 17 00:00:00 2001 From: =?UTF-8?q?Peter=20=C5=A0urda?= Date: Sun, 26 Dec 2021 11:14:27 +0800 Subject: [PATCH] DAOs -> ICOs --- 02-principles.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/02-principles.md b/02-principles.md index ca3c6cc..ef10a2c 100644 --- 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.