#5 Legitimate Cryptocurrency Companies
The fifth winner is legitimate cryptocurrency companies. Majority of these scam ICOs would steal market share away from good, solid cryptocurrencies that are actually working on good viable products in the long run such as Litecoin with their lightning network in addition to Ethereum and NEO with their “decentralized” smart contract platforms. And so good solid communities that provide hybrid platforms similar to Zcash, such as Zclassic and Zen that have lost market share due to a lot of these scam ICOs could possibly regain their thunder back again.
#8 China, Russia, and South Korea
China, Russia, and frankly the rest of the Asia are winners. Wait, are you surprised by this?! Just hear me out for a second. The ban comes at a time where a majority of sound minded people in the crypto space are looking for a governing presence. This action only boost China, Russia, and the rest of the Pacific seriousness and credibility towards cryptocurrencies. A ban could act as an encouragement towards the creation of legislation by the cryptocurrency community to vet companies based on technical ability, community support, and advisory support from all types of stakeholders from insiders, community members, banks, and government officials as we have already seen with Russia’s release of the Burger King token and as well as their support for a new ICO focused on mining Bitcoin. We have also seen support of NEO (formerly known as AntShares) that has a strong presence in the Chinese community as a competitor to Ethereum. But I want to say that it is not always true that past experience is indicative of future performance as they say in the stock market, but given when China has tried to ban anything cryptocurrency related in the past, it has always seemed to backfire and explode by increasing the overall crypto market share.
Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find myself, B, and Sarah here from time to time.
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Original Source
[1]. "Top 8 Winners from the Recent China ICO Ban. Peru Bitcoin News." By Sobuka. 9/9/2017. https://steemit.com/bitcoin/@sobuka/top-8-winners-from-the-recent-china-ico-ban-peru-bitcoin-news
Disclaimer
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor.
If we open a quarrel between past and present, we shall find that we have lost the future.
- Winston Churchill