ICO Tokens are Worthless, only Proof of Work is Scarce

During the dawn of Cryptocurrency, coins were not given to the original developer of that coin, they were mined and minted by the community fairly, based on spread of computing power. This meant that those coins were for the community and by the community. It also meant that they couldn’t be infinitely replicated because they have on-chain proof of energy burn. Bitcoin can never be replicated because of its Hash Power.

ICO Tokens tossed those ideals aside and enticed newcomers with promises of pumps, riches, and greed in order to trick them into ignoring the fact that their ICO token started entirely in their hands. Even worse, those token contract can be cloned. Just as Lyft cloned Uber, Pepsi cloned Coke, the same will be done to them. There is no scarcity on a blockchain without Hashpower, without Proof of Work.

To prove this point, the BNB token contract has been cloned at the following address:

https://etherscan.io/address/0x0c7aaad997b4275b908ea2c5094105ee497320f4

This contract is 100% identical to every other BNB token contract, and entirely indistinguishable. On chain it works exactly the same, looks exactly the same, and for all intents and purposes it IS exactly the same. BNB has zero hashrate, just like BNB! As is written in the contract, the deployer receives all 200,000,000 tokens so I have those now $.$ and if you leave a comment with an ethereum address I will send you some!! AIRDROPS INCOMING!!iii!!iii!!ii!! Quick, get in before the pump! Mainnet live soon

If you want true digital scarcity with Proof of Work, Bitcoin provides that. If you want true digital scarcity with Proof of Work natively in Ethereum as an ERC20, 0xBTC provides that.