3 ms·

I don't even know where to begin with this one. Ever heard of IPOs? That seems like a pretty useful utility of the stock market. Why even compare a "currency"

• cwkoss 5y ago
  Lots of crypto companies have successfully raised money with ICOs. Seems pretty similar in this respect...
  • NationalPark 5y ago
    What are some of the businesses that raised money with ICOs and became successful? Are there any that aren't themselves cypto-financial-services products?
    • cwkoss 5y ago
      I'd say the majority of new coins/tokens are launched with something like an ICO over the past 5 years. Most/all of them are crypto-financial. I generally think non-crypto businesses using ICOs are extra scammy, because redemption of services is usually a squishy meatspace process - fungibility is rare. I am not a fan of 'blockchain' companies that fundraise with ICOs for IRL redemption of products or services - really gambling on the integrity of company leadership to not alter the terms before redemption. (Personally I think 'access rights' is the only subset that is feasible for crypto<>IRL commerce - digital content DRM, event tickets, stuff like that) Which ones are successful is certainly the subject of debate (I'd probably say "we don't know yet"), but I think over half of the top 40 coins on https://coinmarketcap.com/ https://coinmarketcap.com/ were created via ICO.