Thoughts on Polymath ICO???

Quote from: fearless_art on January 25, 2018, 09:46:38 AM

I really wish the crypto community would spend some more time performing due diligence and analyzing ICO's and token releases more critically.

Just as you would if someone asked you for your hard earned money to invest in their business - you should have the same level of scrutiny when putting cash into a new coin.

I spent some time listening to Trevor Koverko speak. He was an early investor in Bitcoin, Ether, and SALT - like ICO stage early. He's very well spoken and knowledgeable about macro trends in crypto. No doubt, he's got big capital from his early investments. Him and his team have built solid in-roads into the crypto community, as he's known many of the well publicized players for quite some time now (Charlie Lee, Roger Ver, Brock Pierce, etc.). I think there's a good formula for short term success, because there's high potential for the marketing effort to drive interest, but the long term plan is where things fizzle out.

When asked about US specific regulations (SEC), he has always dodged the question. It is clear they haven't figured this out. I'm not surprised - it's complex. Look at AngelList, one of the most prolific structured syndicates. They haven't figured out the best way to address investments into companies as a result of SEC regulations, a struggle they call the 99 Investor Problem.

I prefer to index towards CEO's and founders that are highly technical, like Vitalik. The guys that can author the protocol in low-level code, from the ground up. In the same sense, I am more careful with CEO's that are great salesman, like Brock Pierce, Roger Ver, Justin Sun and Trevor. These guys associate with people like the guy that shows off his garage full of books and Lambo's (you guys know who I'm talking about). I'd rather see them have intellectual conversations on Medium with Joseph Poon or Jimmy Song.

It is clear too, that Korea, China and possibly Japan will join the list of countries that ban ICO's. These are some of the largest crypto markets, when added with the US, that is basically 85% of all crypto volume. If they can figure out a way around this, this can be a successful coin.

You are correct OP because something need to be done to fix the problem associate with ICOs cause this was also among the reason why the Visa card CEO suspend working or processing crypto related transaction because he believes crypto market are immature.