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Create a problem, then offer a solution. In this case, invent a problem that doesn't exist, and your solution is one among a sea of shitty pre-mined Ethereum ICOs. It's pretty sad, really.

Meanwhile, blockchain is actually a pretty nice data structure on its own.

But no, everyone builds off ETH so they can hype their pre-mine.

Economic incentives matter. Bitcoin has them right for making itself "digital gold"... but ethereum discovered the "be your own virtual altcoin at almost no cost and raise a bunch of money" application.

nail on the head..

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