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This subthread was about class barriers and investors. You expressed ICOs might not be harmful to them, so I mentioned a way they might be. Not sure where the f
by sillysaurus3 9y ago
This subthread was about class barriers and investors. You expressed ICOs might not be harmful to them, so I mentioned a way they might be. Not sure where the financial sector topic came from.
What exactly would the problem be with letting people crowdfund startups (i.e. equity)? Why not follow Filecoin's lead? I've been reading your arguments and you haven't really articulated your concerns; just persuasive cases that the status quo should be maintained.
The next Google/FB/Netflix might very well start using the model here, if you let it. But only if they have access to capital. And right now, that means VCs.
- tptacek 9y agoAgain: you're suggesting that when we talk about the interests of rich financiers, we're talking about the VCs. I'm sure not. If there's a financial power center to be concerned about, it's Goldman Sachs, not Sequoia. The fact that ICOs might somehow impact some tiny corner of the finance industry doesn't matter if it's going to juice things for the giant investment banks.