A spate of new blockchain-based technologies are getting support from bigger names. Tezos is among them, having received vocal and financial backing from Tim Draper, the famed billionaire who bought a massive stack of coins from the federal government at auction following the Silk Road seizures. A Hacked reader asked us to take a look at this new venture, which will be Tim Draper’s first ICO – having previously been skiddish about such things due to their high likelihood of failure. Of course it makes sense that traditional financial people will be weary of ICOs, for they are even less likely to become unicorns than are the most crackpot ideas thrown at venture capital firms.
There is but one true unicorn in cryptocurrency to date, and it had to grow into such. It goes by the name of Bitcoin and you may have heard of it. There are those who believe it has over-leveraged its first-mover advantage, and those who believe its growth has only just begun. It is, though, a good thought experiment to wonder what happens when real money gets behind something from the very beginning. Unfortunately, we’ve seen this before, and before we
Read more ... source: CryptoCoinsNews
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