RE: ICO's IN TURMOIL, WE HAVE A SOLUTION...
Not too familiar but after @crypto.piotr sent this to us I dug in a little bit.
I believe LCO's may be a potential replacement for ICO's only in terms of issuing ownership tokens i.e. securities. When we talk about ICO's in general, utility tokens still are a big use for them. And it isn't fair to force these private companies to be so transparent (unless we are buying a piece of the ownership).
Nevertheless, I would like to see much for development in terms of network infrastructure and security before I would truly put my money to work in a security offering. I agree when you say tokenization is the future, but I also think we need to take baby steps. Rather than look for an alternative immediately, let us find ways to make sure there are companies that actually will put our capital to use for a good purpose.
Security tokens have a bright future, but we cannot immediately run over to that future. To have a prosperous future, we must focus on developing the present.
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To issue securities as tokens could have a competitive advantage in a market with low penetration of financial products.
Your point about finding companies that will put capital to use for a good purpose is well taken.
I agree. Tokenizing ownership will indeed revolutionise markets. It will help people in areas of low penetration gain access to opportunities.
My point was in essence; we have to focus on developing these systems to a better extent. Our focus cannot be to shift from dematerialized shares to tokenized shares in a short span. By focusing on developing the infrastructure to issue and trade these tokens, we will set ourselves up for an ecosystem that can sustain in the long run. I wholeheartedly agree with the point you put forth, but I see infrastructure development to be an imperative step for today rather than looking to immediately tokenize shares.
Slow and steady wins the race. Accelerating too fast causes a dangerous crash.
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Love your comment @reverseacid
Always appreciate your support @crypto.piotr
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Such an excellent and mature comment @reverseacid
big thx.