6 ms·

Institutions want investments that confer actual rights, something which these cryptocurrencies do not do. If you are expecting a large influx of institutional

by briatx 8y ago

Institutions want investments that confer actual rights, something which these cryptocurrencies do not do. If you are expecting a large influx of institutional investment money, I expect you will be disappointed.

jeremyt 8y ago
That’s not true. For example, owning bitcoin gives you property rights.
- bdamm 8y ago
  Are you referring to the right to obtain profit from forks?
  - jeremyt 8y ago
    No, i’m talking about the fact that bitcoin is literally property according to the government. Also profit != property.
DennisP 8y ago
That's a good criticism of ICOs that fund specific teams, which are somewhat analogous to company shares. Base layer cryptocurrencies on decentralized platforms are more like commodities and foreign currencies, which don't confer rights either but still attract massive investment.
deleted 8y ago
[deleted]