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RE: On Giant Brands and Basic Attention Token White Paper
Really nice article!
I thoughts about big companies buying blockchain projects too, and I agree if your analysis. If giant company acquire the team behind a blockchain project they can own it and at the same time keeping the tokens around.
What it is not clear to me is the cost/risk. With the gigantic ICOs raising 100-150M per round, what is the real company valuation? 1-2B? for companies without a project or a MVP? Is it still worth it for a giant tech company to buy it instead of recreating the blockchain?
Love to hear your thoughts on this.
Yeah the valuations of some of the projects are extremely high. Forking and doing it themselves could be an option. But we are talking about giants. They won't care about efficiency if they are losing market share. They will care about not losing share and focus. So instead of trying to focus on build a thing for a year they will grab it with cash. With a better valuation of course. The problem with current projects is nobody can differentiate between a good one and a bad one. Nobody wants to read white paper or source code. Hundreds of projects and much FOMO and nobody has time to actually understand the projects... So that happened.
Totally agree! And in this case giants will wait to see if those projects are actually becoming possible competitors and at that point they will run out of time being obliged to just buying in for many B.... I guess we are creating a new public market with new rules and techniques!
yep blockchain imposing its own rules. https://twitter.com/iang_fc/status/879735379615678464
hackernoon.com/why-everyone-m…
(no spoiler - you decide 🙂 )
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