Posts Tagged ‘ico’
The ICO Governance Deficit | CoinDesk
An irony of the SEC’s finding on The DAO is that — the infamous hack aside — from one standpoint The DAO was an unusually investor-friendly token. Specifically, its governance was structured in a manner akin to a New England town hall: investors would have had voting rights over all potential DAO projects.
Source: The ICO Governance Deficit | CoinDesk
Read MoreA Brief Introduction to Token Sales – A blog by Vinny Lingham
Firstly, you have to ask yourself, what is your token good for and why will people buy it?
Secondly, you have to design your token in such a way that it makes sense to prospective users, and be as clear as you can when you describe the terms and functionality in connection with the sale of the tokens. A token sale is essentially the same as a crypto currency — e.g., Bitcoin or Ether — but the distinct difference is that you’re not offering a crypto coin that is mined with consensus rules, instead you’re offering a token, for example Civic (CVC), which might have a special purpose (smart contracting, etc). Tokens are typically not mined — they merely sit on top of the crypto platform they are issued upon.
Source: A Brief Introduction to Token Sales – A blog by Vinny Lingham
Read MoreUtility Coins or Crypto Assets? Token Terminology Is One Big Gray Area | CoinDesk
“The majority of ICOs that are happening now are in fact securities and should follow the standard process for securities offerings. They are fooling naive investors into believing that they are buying a piece of decentralized infrastructure when, in fact, they are only buying the promises of the management team.”
Source: Utility Coins or Crypto Assets? Token Terminology Is One Big Gray Area | CoinDesk
Read MoreICOs: 10 things that cool me off | Hacker Noon
… most projects are about deep tech but very rarely address the business aspects: how they will grow their audience and adoption, how the token will gain in value beyond the speculative activity of a token once listed in an exchange. I want to know if the company has the ability to build a real business and not just a great tech. You can find this answer also in the profile of the team, if they have a good track record or deep expertise in the domain they are addressing. But in my experience this topic is just simply too many times ignored. And for a reason: it is REALLY hard and difficult to get something marketed right.
Bottom line: Blockchain is supposed to disrupt the way Trust is built. If you can’t send positive signals of trust during your ICO process who will trust you for your mission
Source: ICOs: 10 things that cool me off | Hacker Noon
Read MoreBalaji Srinivasan, 21.co: Interview on blockchain
Anything scarce will ultimately be tokenized, because the benefits of digitization and increased liquidity are so great. That means cash, stocks, bonds, commodities, houses, cars, digital goods of every kind, and perhaps human time as well in the form of the personal token described…
Source: Balaji Srinivasan, 21.co: Interview on blockchain
Read MoreHow Will The Blockchain Change Venture Capital Investing?
A few months later into 2017 came a very informative article from Richard Kastelein going into detail on why VCs should care about initial coin offerings. Although it raised several important points, two jumped out at me: 1) ICOs could mean the liquidation of a significant portion of venture capital investing allowing for the democratisation of the space in a way that equity crowdfunding hasn’t quite done so yet, and 2) the return on investment is significantly higher. Hence, if adopted en masse, swathes of
Personally, I think that the intersection of VC and blockchain technology will result in the coming-of-age of liquid equity-style crowdfunding for blockchain innovations at the protocol level — this is being kicked off by projects like Ethereum, Tezos, Cosmos and Filecoin amongst others, and funds like Polychain. I’m completely sold on the idea that altcoins are here to stay and VC needs to get ready for it, but it’s important to remember that despite all the hype there is still a lot of noise around these tokens and many people still don’t understand what they are, how they work and why they have intrinsic value.
Source: How Will The Blockchain Change Venture Capital Investing?
Read MoreCryptocurrency craze | CBC Business News
Louis Morisset, chair, Canadian Securities Administrators, on why regulators are looking at a new fundraising model that involves virtual money
Source: Cryptocurrency craze | CBC Business News
Thanks Sean!
Read MoreEstonia could offer ‘estcoins’ to e-residents – e-Residency Blog | Medium
Ethereum founder Vitalik Buterin has a keen interest in Estonia’s development as a digital nation and has provided valuable feedback for the estcoin proposal.
He believes estcoins could be used to incentivise investors to support the success of a country in a way that is not currently possible through existing means of raising international finance.
“An ICO within the e-Residency ecosystem would create a strong incentive alignment between e-residents and this fund, and beyond the economic aspect makes the e-residents feel like more of a community since there are more things they can do together,” says Buterin.“Additionally if these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.”
Source: Estonia could offer ‘estcoins’ to e-residents – e-Residency Blog | Medium
Read MoreThe IRS Has Been Using Bitcoin Tracking Software Since 2015 | CoinDesk
The IRS states in the documentation that it’s using the software to “trace the movement of money through the bitcoin economy,” going on to explain:
“This is necessary to identify and obtain evidence on individuals using bitcoin to either launder money or conceal income as part of tax fraud or other Federal crimes.”
Source: The IRS Has Been Using Bitcoin Tracking Software Since 2015 – CoinDesk
Read MoreFormer Paypal COO Discusses Bitcoin and Cryptocurrency, Argues ICOs Are Threat to VCs
Former paypal COO, David Sacks, discussed bitcoin and cryptocurrency during a recent interview with CNBC. During the interview, Sacks articulated that bitcoin is fulfilling the vision for a digital payment network originally held by Paypal, and expressed his belief that cryptocurrencies pose a significant threat to the venture capital sector.
Source: Former Paypal COO Discusses Bitcoin and Cryptocurrency, Argues ICOs Are Threat to VCs
Read More