Why the ICO Model’s Success Could Be Its Downfall

Noelle Acheson is a 10-year veteran of company analysis, corporate finance and fund management, and is a member of CoinDesk’s product team.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered exclusively to our subscribers.

Last week, CoinDesk released the results of its first Spotlight Survey of 2017: Blockchain ICOs. While the whole thing is worth a look, here I want to highlight a couple of slides that point to this new financing method’s rise and, at the same time, its potential fall.

But first, let me tell you a joke. (Bear with me, this is leading somewhere…)

It was late autumn and the Indians on a remote reservation in South Dakota asked their new chief if the coming winter was going to be harsh. He hadn’t yet learned how to read the skies, so he said they should gather firewood just to be safe.

After several days, he managed to get through to the National Weather Service. “Yes,” the meteorologist replied, “it looks like this winter is going to be quite cold.” So the chief told his people to collect even more firewood. A week later, he called the National Weather Service again.

Read more ... source: CoinDesk

News from Darknet

Let's block ads! (Why?)

Powered by Bitcoin Central