A while back, an anonymous developer who goes by UET CEO created an openly useless project called the UET, which stands for Useless Ethereum Token.
The project's website openly said this project had no purpose and was not meant to accrue value but, alas, it did.
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The ICO generated $300,000, and the UET token isn't listed anywhere.
So yeah, UET CEO simply took the money and kept it.
But the thing is, this person was so open about it no one seemed to care.
Speaking to the New York Observer, CEO explained his whole idea.
"I realised that people didn't really care about the product. They cared about spending a little bit of money, watching a chart and then withdrawing a little bit more money. So why not have an ICO without a product, and do so completely transparently just to see what happened?"
What if we used 100 percent of our brain? Well, we'd do what this guy did I guess.
