White papers were initially intended to be technical documents with a soft marketing purpose. They were written like objective news magazine pieces, not hard sales material. The ICO white paper has turned them into a joke. Most white papers for crypto and blockchain projects simply give a detailed explanation of the project, but they don't present a problem that needs to be solved and therefore offer no solution. Primarily, that's because most cryptocurrencies don't really solve a problem. They're just a nifty little digital gadget that someone can claim to own as a bragging right.

That said, I appreciate the rundown on the different colored papers. Some of them I hadn't even heard of--"polka dot?" So this is a helpful post. Thanks.