Fresh off the presses. Consys (a product of Ethereum) is trying to install itself as a governing body. They want the power to ok new ICO's that are going to use the Ethereum network. It appears they are fearful of the $300 million in Ethereum ICO's raised in the month of June alone.
from consys:
“We plan to expand services to include assessment of legal structures and business cases. We’ll look beyond the white paper, into the fundamentals of the business plan, team, and code behind a project”
“We encourage projects to launch when ready, rather than trying to time markets. Our criteria for readiness extends beyond a basic code review, to include requirements for specifications, test drivers, static analysis, and staged roll outs,”
http://www.trustnodes.com/2017/06/30/consensys-launches-due-diligence-icos
This is frightening news. They want to pick apart every innovation that wants to use the Ethereum network.
Scathing review and breakdown:
The takeaway?
-A licensing fee is included ($5,000)
-There is a decentralized effort to accomplish the same thing but it is being ignored
-Consys does not have required personnel for the review process
-They are not elected
-They do not even have a website
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@squatee greed and power are the two evils in this world