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An absurdist parable for crypto: Why a former banker is marketing a fake token
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Quick Take
- Former BNP Paribas banker Colin Platt is the owner and co-creator of PTK, a parody token making deliberately outrageous claims
- But beyond the satire, Platt says his token has a serious message about the crypto community’s blind faith in ICOs and STOs
- The banker-turned-consultant says he hopes to bring more rationalisation, scepticism, and risk awareness to the crypto space
- Among the lessons he’s learnt are how easy it is to manipulate the market – and how deep the tribalism goes
A “grey” paper. A token “Phoundation.” A chart comparing the token to the value of the earth. A ton of fake trading. And what do you have? PTK – the token whose value sits at $3.6 quadrillion and whose supply is owned by Colin Platt. It’s the Fyre Festival of ICOs, and intentionally ridiculous. In […]
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