• The Sucker at the Token Table: Who Loses in the ICO Bust

    12 days ago - By Fortune

    “If you sit in on a poker game and don't see a sucker, get up. You're the sucker.” Warren Buffett and other famous investors have recited versions of this quote for years, and it seems especially apt for today's "initial coin offering" economy.
    Recall how a year ago, in the crescendo of ICO mania, people could market and sell digital tokens-many of them worthless-to anyone with an Internet connection. Then, after the U.S. Securities and Exchange Commission fired its first warning shot last July, the party slowed down but didn't stop.
    Instead, the action shifted to ICO pre-sales where...
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