Sublime

A gold coin is a promise to pay something else of equivalent value to a gold coin. After all, a gold coin is not actually useful in itself. One only accepts it because one assumes other people will.

In the tabernacle of the human mind, the coin works as a short cut, denoting the value of an immense array of real commodities and experiences in one universally understood tiny bit of portable metal.

“ICO,” which stood variously for initial cryptoasset offering, initial crowd offering, initial Cayman offering, or initial coin offering, depending on which name the lawyers thought was most likely to appease the baffled regulators.

37Coins.