I agree and that is what I find to be disconcerting about the issue. Paypal and Visa have, at their disposal plenty of capital to make a good stand. If I were a corporate executive for either and I saw a threatening fledgling ICO etc. I would either buy it or have the folks in R&D clone it and use our market share to roll it out before the competition could ever get off the ground
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Yup, innovation through acquisition... or piracy. There was an estimate by IBM thrown out there that at least 15% of banks will be using blockchain technology by the end of this year.
I think some companies are thinking that they will wait for the dust to settle and after that, they will pick and choose the best innovations and try to merge them into one product.
It always seems to work out that way..