I agree with both you and the writer about the token sale being used as an instrument to raise money. It is a great new way to crowdfund a new project, especially without having to get into debt prior to ICO, which is a concern I had as well. However, I think that part of the problem is when an ICO is being solely relied on as a means to an end, which is why the team and advisors supporting them is also so important to look into. A brilliant tech team also needs a business and marketing savvy team to drive the project forward, I think that side of things sometimes gets overlooked.
I think his proposals are definitely a good guideline, but yes, not necessarily a requirement as you said. It's being able to identify those projects that truly understand what they're doing with the tech and can explain why they need it etc..
I love your bubble analogy btw! Let's hope people stop drinking the bubble solution.
Great comments, thanks!
A negative of the whole bubble right now is that almost all the good blockchain devs are taken.
Funny that in some ways we are in a bubble when we don't even have widespread adoption yet.
I think I'm onto something with the idea of a crypto as a debt instrument to replace stock. We need a few companies to really put money into a real coin that's made for them. They shouldn't just adopt a random coin. Someone needs to work on adapting some crypto to use as a combo between a debt instrument and stock.
I should probably get into crypto dev. Bet that shit pays well. :P
That guy should write a book. He does have some solid info about things to look for with ICO's. I feel a bit smarter when it comes to ICO's after thinking about the whole thing thanks to his words.
Do you know what, I think you really are onto something right there. This is a totally new concept that I've not seen yet. It's definitely worth exploring!
All the good devs are most probably taken (for sure) - but it's funny how all these new ideas with new geniuses behind them are constantly coming out. I mean, collectively, surely they would've solved world peace by now lol!
I also feel a bit smarter after reading his article. These are the kind of articles we all need to spark conversations like ours. Thank you so much for taking the time to comment again. We need more people like you in this space! :)