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A Conversation About Crypto-currencies and ICOs with Andy Bromberg

Startup School by Y Combinator

CHAPTER

The Pros and Cons of Tokens

When you buy into a token, the company does not control the network in this ideal form. They release this network and it goes out into the wild. And you own tokens on the network. But that means you have no formal relation to the company as an investor in these tokens. You win because the they don't have any stake in your company, but you lose becase they ont haveAny stake in your business.

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