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You can still invest in early stage currencies or ICOs, unlike startups. As a creator if you have an idea for a currency you can release it without permission,
by whataretensors 9y ago
You can still invest in early stage currencies or ICOs, unlike startups.
As a creator if you have an idea for a currency you can release it without permission, and if people like it they will give you money.
The alternatives are bootstrapping, which is exhausting and what I've done. Have rich friends - you likely won't if you are poor. Or get accepted to some investment signaling filter like YC where you get to run as fast as you can for months while uprooting your life.
Edit: It won't let me reply to you, but ya I think ICOs can be legit. See ETH, WTC, SNM. There are bad actors too, but at it's best it's a way to route investment capital to creators regardless of socio-economic condition or location. You are correct that you have to tie the value of the chain back to they success of the product somehow. One way would be to share dividends.
- ch4s3 9y agoYou really think there's any sort of future in ICOs? The seem awfully faddish, and are quickly gaining the reputation for being ponzi schemes. I don't see how they can easily be connected to the value create by a company over time. If you issue more coins or engane in buybacks, then they're basically stock and I'm sure the SEC will want to ask you some questions. If you don't issue new coins over the initial set amount, then it's deflationary and lends itself to the usual pump and dump. Moreover, I don't see how ICOs offer anything to people without a lot of disposable income. They are simply too high risk for anyone who doesn't already have quite a bit of money they can afford to lose. At best they offer a way for people who are already in the top 1/3 of income earners to speculate and find greater fools among the slightly more wealthy. Am I missing some fundamental value of ICOs as an instrument for investment?