[sbisker]

On the plus side, token sales are actually mainstream - so companies will actually be able to choose this hacked together version of the old public securities model and controlling their own destiny via DAOs and, well, simply setting up shop outside of the US. Choice is a good thing for companies, and it's a clever compromise - but if the only way VCs can invest is with hacks like this, I'm not feeling bullish on America's chance of participating in this new economy.

[aml183]

I don't know how you consider token sales mainstream. I wrote a post explaining how difficult it is to participate in a token sale. www.arilewis.com/blog/2017/5/15/my-mom-cant-buy-an-ico

It's very plausible that there could be a bubble, but just to give some context, the cryptocurrency market is valued at $68 billion dollars. The Bloomberg US Internet Index went from $2.948 trillion at its peak to $1.193 trillion. We are nowhere those types of valuations.

[andruby]

Sure, but the internet at its peak was providing _real_ goods and services, not just a _financial_ service.