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"We are a "real" startup and don't have anything to do with cryptocurrencies or tokens." Then no, you should not be attempting an ICO.
by omarchowdhury 8y ago
"We are a "real" startup and don't have anything to do with cryptocurrencies or tokens."
Then no, you should not be attempting an ICO.
- logicallee 8y agoCan you elaborate on your reasoning for saying this? (Below what you chose to quote.) At a guess, your reason for saying this is that you consider doing an ICO to require extremely sophisticated expertise in "cryptocorrencies or tokens". Like if I had said "We don't have anything to do with cryptography or any expertise in cryptography. Should we roll our own cryptographic protocol?" Then the answer is "Then no, you should not." Are you saying the same thing? If we're not experts in ICO's and crypto currency (if indeed it has nothing to do with our business) then we should not be doing anything with it? (i.e. is it only appropriate for companies that are specialized in it?) Please elaborate if you can. And thanks for the response!
- omarchowdhury 8y agoIf your business has nothing to do with cryptography or you are not are cryptographers, then no, you should not be rolling your own cryptographic protocol. As for the previous comment, I mean that if your business has nothing to do with cryptocurrencies or blockchain, and your entire motivation is to jam in some vague token into your business model for the purpose of fundraising, then no you shouldn't be doing an ICO. Do what makes sense from all angles, not just the one angle of needing a fundraising method.