Leaving aside for now the matter of whether the appearance this week of such terms as “ICO” and “blockchain” in a “Dilbert” cartoon signals that the entire cryptocurrency craze has jumped the shark, it’s worth noting that, even after Frame 3 of the strip, the Pointy-haired Boss character remains puzzled. Enter MarketWatch’s Shawn Langlois, who — jinx! — had effectively posed the same question in a recent cryptocurrency explainer as does the Boss:
“‘What’s [an ICO]?’”
Where Dilbert had ventured, by way of response, that an ICO is “a non-equity process for raising capital that uses a custom cryptocurrency and the blockchain,” Shawn left fly with this: “An ICO, or initial coin offering, is sort of like an initial public offering, but with a crypto twist and without the regulatory hoops to jump through, although this could be changing in a big way. … In the simplest terms, an ICO is a fundraising means in which a company attracts investors looking for the next big crypto score by releasing its own digital currency in exchange, typically, for bitcoin.”
One hopes Shawn’s explanation, unlike Dilbert’s, would have equipped the Boss character to muster a more sophisticated follow-up question than this: “So … it’s like a chain made out of coins?”
Don’t miss:What‘s an ICO?
View more information: https://www.marketwatch.com/story/whats-an-ico-or-why-dilberts-boss-should-read-marketwatch-2017-10-20