Kik could pave the way for more mainstream tech company ICOs
I don&#x27;t think I&#x27;m stupid, but I still just don&#x27;t get it...<p>I give you money, and in return I get...a token.<p>I can&#x27;t eat a token.  I can&#x27;t live in it.  I can&#x27;t wear it.  I can&#x27;t buy Starbucks with it.  It doesn&#x27;t promise to return me more dollars or tokens if I hang onto it.  It doesn&#x27;t offer me any right to the governance or management of the money raised.  It doesn&#x27;t offer me a claim of ownership of some portion of an enterprise.<p>I read the article closely and its really just a lot nonsense.  There is a lot of handwaving and &#x27;community blah blah&#x27; but it lacks a simple, straightforward explanation of how these tokens are to be used.<p>I don&#x27;t think I&#x27;m a stupid person, and I&#x27;m not trying to be obtuse.  This just doesn&#x27;t make any sense to me.<p>As best I can tell, the transaction which best resembles an ICO is buying chips from a casino.  They have all of the qualities I describe above -- that is they&#x27;re not good for anything.  They can be used to gamble in a casino however.  That is their sole usefulness.  So I guess maybe that&#x27;s how I should be thinking about it.