Initial Coin Offerings Are Setting Capital Free. That's Huge

Simon Johnson, co-author of the bestseller «13 Bankers,» is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management. He also works closely with Joi Ito, head of MIT's Media Lab, on the Digital Currency Initiative (DCI).

The following article originally appeared in Consensus Magazine, distributed exclusively to attendees of Consensus 2018.

In 1913, H.G. Wells wrote «The World Set Free,» a chillingly prescient set of predictions about the development of technology.

Published in early 1914, this slim volume called it exactly right on the coming dominance of aircraft in warfare, the ways armies would adapt (or not) and even some of the geopolitical implications. Most astonishingly, Wells also predicted that atomic bombs would soon be dropped from the air on civilian populations — and that this would change everything.

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Rappers, Ravens and Lord of the Rings: The Race for 'Dope' Coin Names Is On

In the Lord of the Rings trilogy, «mithril» is a rare, indestructible metal whose beauty never tarnishes; in the real world, however, it's the name of three different blockchain projects, all of which are trying to score pop culture points with investors.

It's of little surprise that the name has proven so hot in the crypto world — «Lord of the Rings» is, after all, the geek culture equivalent to Shakespeare, and there's no lack of geeks in the cryptocurrency community.

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