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      "body": "Ecoin is not backed by anything tangible just like Bitcoin , but it derives values  by the network of its participants just like Bitcoin. However unlike Bitcoin we dont ues Pow we use EOS chain and use DPOS, Which we feel suits our objective of signing up 1 billion users much better / cheaper.\n\nIn terms of inflation, even though more coin will be released with more people joining, the token count per user keeps falling down, this helps long term investors tremendously.\n\nAs you the know the value of network grows as a square of its participants, however the supply of ecoin only as square root of the total number of its users,so in effect the price will grow much faster than most people anticiapte !\n\nhope this helps , feel free to ask more questions !",
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      "body": "lol , 99.999% of world isnt aware of Mr Robot so we are good, the slightly silly reason for picking Ecoin was it had Email at its core  and its uses blockchain which bitcoin popularised :) :)\n\n",
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      "body": "hi John, Ecoin team here , thanks for all kind words , we are very excited you liked our idea , we hope to see many minds like you join our mission in bringing crypto to everyone.\nlet me know if you want to have a chat with me Telegram @kris_ecoiner or [email protected]\nthanks",
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      "author": "cryptorider",
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      "body": "hey there , this is Ecoin Team here. When we say we designed world's first AI driven email based identity we mean it. Its not perfectly perfect but it  does the job. You can't simply create tons of accounts and get free Ecoin out of the system that easily anyway ( you need to be an advanced hacker with advanced knowledge of what we are doing plus you need to beat our AI engine so its gets super tough for the $1 or $2 that we offer :) )\n",
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      "author": "steemitboard",
      "permlink": "steemitboard-notify-cryptorider-20190808t134617000z",
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      "body": "Congratulations @cryptorider! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cryptorider/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cryptorider) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cryptorider)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "ICOs short for Initial coin offerings are the latest fad in cryptocurrency communities, 1000s of companies have started their own coins lately and the total capital raised via ICO route now dwarfs venture capital - at $4 billion raised in just 2017. 2018 looks more exciting with more mainstream companies looking to raise money through this route.\n\nThe reason for going through ICOs is fairly easy to understand. You can raise money from every citizen of the globe not just your country, which was simply not possible before.\nThe regulatory burdens too are much smaller for ICOs in the current climate compared to IPOs, having said that SEC or regulators are taking a serious stance on ICOs going forward.\n\nThe revolutionary change that's triggered by ICOs is the fact the value of a ICO is not determined by the profits it makes in the future (DCF) but by the amount of capital the token locks in because of its various business use cases, this small detail makes a world of difference for Investing. Gone are the days when you had to worry about profitability of companies, all you need with ICOs is the platforms having wide enough reach.\n\nTake the example of cashbit  (https://ico.cashbet.com/?ref=a1f14b9884824dcd26e95c8a )an online gambling provider, they have decided to support only their home grown token cashbit coin on their platform (while doing this they have quietly dethroned the dollar), now because of this the valuation of cashbit coin is far more straightforward than valuing it the traditional way. All you need to look at is how popular is their platform and how many users are using their platform currently, it doesn't matter whether they cook their books to show up less profits to the IRS.  \n\nBecause of near frictionless transactions between various cryptocurrencies /ICOs transferring value between various currencies is as easy a click.\n\nCrypto exchanges like binance and kucoin have even launched their own coins and support them as first-class citizens within their platform all this means, companies can raise capital much faster, grow faster and have investors enjoy the returns quickly.\n\nTax implications however are very unappealing for the tax man, like I said before companies are no longer motivated to declare genuine profits only to get taxed on them, all they need to worry is how much value they can lock in their ecosystem. Low margin, high revenue businesses are the new darlings for the ICO investors.\n\nThe reason why I think ICOs are really revolutionary is because they give people  real reasons for them to start understanding and using cryptocurrencies which will ushering in biggest revolution in modern financial history.  \n![](https://steemitimages.com/DQmX4gP2zBaH1MqA2UNxk8zmw4X4MNtvhytC26C7jFaCUnG/image.png)",
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