Initial Coin Offerings

“Telegram's ICO alone actually raised 1.7 billion dollars.”

“There can be perverse incentives because now there's so much money and they're not actually able to ship a product.”

“Well, I, I've said publicly, there's never going to be a lightning ICO.”

“But there's a world in which, okay, you know, there have been ICOs where on day one the folks involved made say tens of millions or more of dollars and they hadn't even shipped a product.”

“And not every one of these projects necessarily needs its own token. Some of these projects could be just sort of core infrastructure at the base layer of the protocol but there's not an incentive or there's at least no mechanism by which the community can for…”

“It was, what, seven billion dollars in ISEA initial coin offerings. And my number might be outdated because, you know, the year's gone on since I looked. But it's something like seven, eight billion dollars already this year alone.”

“Well, much like Secret Service, they can't do every case, number one, so a lot of those scams are gonna get a pass, but number two, I predict we are gonna see a lot of enforcement actions against fraudulent, scammy ICOs, and good because they bring down the na…”

“Just like startups, there's a small percentage that are legit and really worth funding. And there's a whole glut of projects that unfortunately are not and probably won't go anywhere.”

“I think that despite ICOs right now being very noisy, sort of scammy and all these things, it has created an inflection point where when you have a brilliant idea, the capital is much more readily available from a large group of people that actually conceptual…”

“With ICOs, I think that it's probably the fastest and most efficient capital coordination we've ever seen in capitalism, like, since money was invented.”

“There's been so much attention on ICOs that, by the way, you don't need an ICO. Bitcoin never had an ICO. Ethereum had a very, relatively speaking, small one, eighteen million. And I don't think that was a key part of the network success.”

“My sense was that the ICOs had slowed down quite a bit, but there were still four hundred million in token sales in November alone.”

“And I think what you were saying about ICOs is a lot of sort of masquerading is that there are obviously people taking advantage of With the, you know, just the money flowing in, and sort of taking what is probably just a normal company that's not a protocol, …”

“And I actually think if you focus too much on the ICO or the, you know, the token sale, it can actually really hurt your community.”

“You know, we hear so much about the ICO boom, but in terms of, kind of, like, total value created this year, there's actually been way more value created by forks than ICOs.”

“I put permission blockchains as being more decentralized than these so-called ICOs we're seeing, or initial coin offerings. Because quite frankly, if you can do an initial coin offering, if you can raise money, that means that there's an organization behind wh…”