What Vitalik Buterin's new ICO proposal gets wrong

GUEST: Ethereum creator Vitalik Buterin and TrueBit founder Jason Teusch recently proposed a new way to run an ICO. Does it work? Possibly. Is it made for human beings? Therein lies the rub. Here's the problem they're attacking: If a token sale is capped, say at $10 million, then a wealthy scalper can pre-emptively buy the […]