There is now a crowdfunded Initial Coin Offering to respond to the open letter published in the Wall Street Journal by Interactive Brokers.
If you recall, the IB letter claimed that Bitcoin valuation had no relation to reality.
Now, the crowdfunding effort is trying to raise 44.03 Bitcoins for a ” fundraising campaign for ridiculous and fun concepts involving the trolling of institutions with Bitcoin.”
The idea is to troll IB and others (like JP Morgan head Jamie Dimon) who denounce Bitcoin.
They first want to buy a full page advertisement in the Wall Street Journal which they claim will cost about $350,000. Here’s the investment plan: “If you participate, you will not get your money back. Unless we fail. Then you will get your money back. If we succeed, we’ll get the Bitcoin Wizard into the Wall Street Journal.”
(Clearly, no endorsement intended).