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The idea is generally to get to the point where minimal maintenance is necessary The distributed ledger technology makes it easy to offload accounting and user
by deltateam 8y ago
The idea is generally to get to the point where minimal maintenance is necessary
The distributed ledger technology makes it easy to offload accounting and user management, which helps you quickly bootstrap the supply and demand side of a network much faster while coupling that with the capital you need or simply want.
These are typically catch-22 problems for other kinds of networks, VC backed or otherwise. It is dime a dozen in silicon valley to have a company that raised 10 million in a series A to barely have 10,000 users before ultimately closing the doors and giving nothing to its vested common stock employee/holders.
Not too much different with ICOs, except people get more than nothing and don't have to wait for it.