Contents:
Background and premise
The future of crypto funds (CF)
Influence on the world financial system
Why estimates and forecasts of all analysts and experts are systematically erroneous.
Crypto Fund Syndicate Protocol
Opinions of well-known experts, venture and crypto investors, start-up founders
Background and premise
The global precondition is the phenomenon of blockchain (BC). When I am talking about blockchain, I don’t mean the technology, but rather uniting of people around a dream.
As the main question asked is not about what can be done using this technology, but rather about the new opportunities BC creates for the development of people.
Nowadays many concerns are expressed regarding the possible banning of crypto currencies and ICO by governments. This is ridiculous. All the prohibitive actions by regulators which we can watch right now is just an attempt to stop flooding by putting sandbags into the water. This is a common transitional process:
Fear, lack of understanding.
Rejection, prohibition.
Attempts to lead and regulate.
The failure of regulation in the standard hierarchical sense.
Inevitable change.
The resources of all governments are not enough to overcome the desire of people to change to world according to their will, instead the will of the elites.
There are attempts to use blockchain in different spheres, but it’s obvious, that the most powerful application of the technology is the phenomenon of ICO, which has implemented the technology’s fundamental potential.
People have an inalienable right to attract resources to put into life their ideas without asking for a permission of the elites acting as regulators. ICO entered the market where venture funds ran the show, generated turmoil and created a new phenomenon. Crypto funds are entering the scene. They are fundamentally different from classic funds, and, IMHO, they will kill the classic ones completely in the next 2–5 years.
I will describe to you the fundamental factors and preconditions, which, in my opinion, are conducive to this. Then, we’ll peer into the future, into the era, when the incumbent financial institutions — banks, insurance companies, funds — will be replaced by one universal approach — Crypto Fund Syndicate Protocol. Let’s get started.
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https://medium.com/@alexkrol/crypto-funds-why-they-will-kill-venture-funds-and-then-will-die-in-sync-with-the-financial-47978f7a5797