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RE: ICOs to Raise Debt, Not Equity - An Alternate Funding Strategy
It's an interesting idea. For me it comes down to being able to collateralise assets against the debt. I believe the SALT project is heading in this space if you are not familiar with it.
When I saw your title I thought you were going to write about the bond market. I think debt is harder and more complicated than equity (the opposite of your view) but still do-able.
A debt based ICO would be equivalent to corporates. That's what I was alluding to when I was talking about the value of the interest payments changing the price of the tokens.
I didn't want to get into all the terminology. My main point is that everyone thinks about them in terms of equity, but that's not a requirement.
Interesting, I thought the same thing :-)