Future of the ICO Ecosystem

[nevadasauce]

I've noticed that the ICO space has really heated up the past few months. A lot of the discussion has been about specific ICO's, and I want to focus this thread on the larger effects this is having on the crypto space and business in general (competition, regulation, etc.). Here's my two cents: It seems like a lot of the recent ICO's are trying to cash in on a craze without providing anything new or unique to the world. They are creating excessive competition over unnecessary tokens. Does everyone realize the benefits, or lack thereof, of the technology they are investing in? Is it possible this is hindering cooperation across the crypto community?

I do believe in the future there will be more pseudo-ICO's built on a hybrid platform, combining other internet services with cryptocurrencies. Crowdfunding is a great example of this, but also social networking in general. For instance, this thread considers the possibility of funding brick-and-mortar retail stores or restaurants with cryptos. How can we adapt ICO's in the future to meet these market needs?

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[bathrobehero]

ICOs are like scratch tickets, regardless of having a new idea behind them; they're shiny, offer the posibility of quick profits and they only really make money for the issuing company.

And people don't care about the math behind them, they just blindly buy them if they like the cover.

[ColorlessK]

I've seen lately a lot of companies that made ICO's like some kind of public IPO's where people simply bought shares in the forms of tokens and participated in the profits and sometimes, depending on how much they owned, on the board of directors, so perhaps this might be one of the directions that crypto is moving towards, a new decentralized, crowdfunded Venture Capital Fund.

[nevadasauce]

I've seen lately a lot of companies that made ICO's like some kind of public IPO's where people simply bought shares in the forms of tokens and participated in the profits and sometimes, depending on how much they owned, on the board of directors, so perhaps this might be one of the directions that crypto is moving towards, a new decentralized, crowdfunded Venture Capital Fund.

Yes, that's similar to what I was thinking. It'll be interesting to see how the VC scene will shift once people start trusting in cryptos for this kind of stuff.

[Senkuli]

ICO is actually just the average of all the average projects must use ico as their communication tool to the users and investors who come in,
Without any ico they may have trouble funding and promotion to the investors so this is something alternativ for the new project now

[JohnPotterPlpl]

ICO is great way of funding.. people give as much as they want and no1 is damaged for a lot if scam comes up.. too bad people abuse it a lot
Hope those ppl wont destroy others will to help in projects.

[Trnsmssn]

 Even though some people saying that ICO is exactly as IPO, but personally I think crowdfunding is more appropriate. I know with the crypto society the modern thing is decentralization, but with that a lot of scam  come to please.  And I have a feeling like ico pretty soon will come down to subject of regulation.