Bitcoiin (B2G), the second generation, is going to launch in little over a month. None other than Steven Seagal is involved. The action star and Zen Master has dived into the cryptocurrency world. They actually have a ‘whitepaper’ on Bitcoiin, which is nothing more than a power point presentation that details almost nothing.
During the ICO, investors can purchase the new cryptocurrency for $5. Developers wrote in their whitepaper that they expect its value to reach $388 by December of this year. They provide no justification for this price target. They don’t need too. Amateur investors love being fed fantasies about getting rich quick. So far they raised almost 27 million dollars.
From their website we read the following:
“…Bitcoiin 2Gen is addressing issues with relation to speed of transactions, security, mining and costs of transactions.”
This was always a major problem with cryptocurrencies in my view. They do not solve any problem. I can transfer dollars around the world at the speed of light for next to nothing.