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by TheAceOfHearts 3222 days ago
I don't have anything to add to this discussion, but I just wanna say that I'm impressed by the bulletin's clarity. I'm used to reading government information that's difficult to parse and dive into. It's easy to fall into a belief that government agencies don't really know what they're doing, and it's just a bunch of monkeys banging at typewriters, but seeing clearly written posts discussing current and relevant events helps to silence those beliefs.

I'm seriously wondering, though... Have there really been that many ICOs? As an outsider the general impression I get (which I recognize might be completely inaccurate) from most coins is that they're "get rich quick" schemes.

A while back I was trying to read up on Ethereum, and despite their nice landing page and superficial info.... Once I tried digging in further into the actual code and actually running any stuff, it was a horribly confusing mess that made me hesitant to put my trust in them. All their docs and wikis seemed full of outdated links and information.

3 comments

I agree, the clarity of this piece speaks volumes to how serious the government is taking ICO's and crypto.
$1.7B has been raised so far this year... it's a big deal.
There are single Silicon Valley startups that have raised that much though.
In 7 months?
Also with pretty much no due diligence, rarely any prototypes and a majority of infeasible promises.
It's a big deal because it seems like the only way startups can raise capital these days.
That's inane. PE and VC have raised more funds last year than since the GFC. There's plenty of cash, more than enough, cash to go around without these illegal securities ICOs getting in the mix.

And when I say plenty of cash, I am talking in the aggregate. I don't make any statements about whether or not it's being correctly distributed.

Does anybody know a nice ICO timeline coupled with line charts that would help to grasp the (up to date) bigger picture of this phenomenon ? So far the best i've stumble upon is : https://www.tokendata.io/ but the time dimension is not linear nor clear