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A Conversation About Crypto-currencies and ICOs with Andy Bromberg

Startup School by Y Combinator

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What Is a Cryptocurrency?

At its core a a token is a scarce digil as tit. A scarcity te lass tat represents ownership, most commonly, of a token network. So the idea here is that when you launch a token network, it goes out, and no one then controls it. And in fact, sitoshe has some large number of tokens socked away in a wallet somewhere with never been used.

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