Opinion
Strict SEC Regulation Is Causing the US to Fall Behind in Crypto
“I feel that now Americans are falling behind on everything because of the fact that America is too tight in the SEC. Everything is too tough now to create these next generation blockchain companies, fintech companies, anything related to gaming, you know, bank…”
Opinion
ICOs Let Startups Raise Millions Without Giving Away Equity, Salovaara Explains
“First of all, two years ago, this whole opportunity of raising money in millions without giving away equity didn't exist. So this is all new thing. This is, you know, new amazing thing, you know from the crypto heaven that comes to startups, that they can rais…”
What-if
Edgeless Could Never Have Raised $3 Million From Traditional VCs
“They would have never got that, that three million that it was at the time in February, March, March when they closed it, they would have never got that money from traditional VC.”
Insight
The 2017 Crypto Market Mirrors the 1996 Internet Boom, Says Salovaara
“But in the same time, you look at like, this is the beginning of a new era, the beginning of a digital assets era. This is like a, this is the same thing as a, let's say internet was 1996 after Netscape and stuff.”
Insight
Decentralizing Platforms Like Uber and Airbnb Is Exceptionally Difficult, Salovaara Argues
“Uber is actually a pretty damn good company. When you think of, it's easy to poke holes on a Facebook and Uber and Airbnb how there's some falls on them, but when you really try to solve their problem, it's super hard.”
Insight
Successful ICOs Average 5,000 Individual Contributors, Says Salovaara
“Yes, so you basically build a community because on, on, on a good ICO, you have 5000 investors. So you're talking to a lot of people, and they are not investors, they're contributors, but 5000 people put money into these early token,”
Assertion Supported
Revenue-Sharing Crypto Tokens Must Be Classified As Securities, Salovaara Warns
“It has to be one of these five, otherwise you would, you can say that, like, you know, you cannot do revenue sharing tokens, because that's security.”
What-if
Modern World of Warcraft Would Be Built on Ethereum, Salovaara Claims
“So, so that's a good example of something that if you would now invent today, World of Warcraft, you would exactly do it on ERC, Ethereum based tokens.”
Insight
Crypto Startups Fail for the Same Reasons as Traditional Tech Startups
“Because people, same reason as any startup team cannot deliver what they said on a business plan or white paper that they will, you know, then they actually didn't have the market that they thought. It wasn't real need. You know, it wasn't real problem. They t…”
