I'm divided over the whole ICO thing. On one hand, I don't think that Bitcoin, et al are ever going to replace fiat currency. But shares of stock are a perfect

I'm divided over the whole ICO thing. On one hand, I don't think that Bitcoin, et al are ever going to replace fiat currency. But shares of stock are a perfect analog to what he's trying to do; and I think the SEC will see right through it. On the other hand, blockchain tech is very useful for distributed asset tracking; specifically corporate bonds and equity. It makes an incredible amount of sense for things like stock certificates and even shareholder voting. Having a tokenized, open ledger that is able to be analyzed by anyone is nothing but good for shareholders. I think that as long as shareholders are aware that they are buying equity in a company, cryptocurrency should be a viable way to do so. What I do not think, however, is that these corporate cryptocurrencies should be exempt from all existing laws governing equity finance. It should be 1 share = 1 coin and leave it at that. The market can determine the value of the shares, and the company can create new ones whenever it wants (since it would control the "mining" pool).