Why Choosing Wrong ICO Platform Could Lead to Knock on Your Door at 3 am
From Cointelegraph
Our London Correspondent Nick Ayton explores the darker side of the new phenomenon, the now enormously popular ICO aka the Initial Coin Offering and why some services could place you in hot water with a knock on the door at 3 a.m. from the law enforcement…Read more: https://cointelegraph.com/news/why-choosing-wrong-ico-platform-could-lead-to-knock-on-your-door-at-3-amBigger than VC
In 2017, ICOs have raised more capital for entrepreneurs and projects than tradition VC seed monies and will pass $2 bln by the end of 2017.The reason as we know it because largely the process for launching a new token is much faster, simpler and costs much less than traditional means involving lots of middlemen, endless spreadsheets and the founders suffering dilution of ownership and stitched up by expensive debt from banks.
"All good reasons to consider an ICO as the primary source of raising new capital. What can be here not to like?"
An ICO for an ICO
With the explosion of real entrepreneurs and fake entrepreneurs many of whom see an ICO as a path to easy money, offering little or no accountability there is a much darker side emerging…The ICO for an ICO, yes you heard it right.
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good post and great @contentjunkie
I have found ICO is short for scam in about 90%+ of all cases. Some ICOs like TenX are legit.
Wow, I can't believe Bitcoin made it onto Family Guy. To bad its a skit where Peter makes it sound like an awfule "Peter" type of idea. Lol
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