Interesting. While I find the ICO concept great because it gives anyone the potential to embark on the journey of creating a solution they see to a problem in true capitalistic fashion (lack of government regulation, which isn’t a bad thing necessarily but can be in unfortunate cases) I am hoping that this new concept is going to retain the free market principles of the free market. It’s important to balance between real free markets and businesses.
What determines what kind of company qualifies for an LCO? Does it need to have an IPO? That would unfortunately limit the ability of small businesses to try this out.

I am not advocating for people to steal but we need to understand that ‘regulation’ aka government, isn’t the answer to markets. If anything governments ruin markets by giving favor to those with lots of money that can afford to do all of the necessary steps quickly.

Posted using Partiko iOS