I am still trying to understand the purpose of an ER20 token like Golem, or a fork Token like Ethereum Classic or HUSH. What is everybody's opinion on the future of these projects?
they are similar like stocks or shareholder rights but compared with the established paper certifications currently stored in communal banks, better understandable and more decentral, less complicated, with weak developed legislation codex, the weaker developer legislation codex, attracts young people to found start ups, and be active and creative in the economy, thats what the current overregulated financial market isnt capable to do, young people constantly fear risks, so they dont found a company,
this fact makes icos actually inevitable future and part of the financial market ethereum is just a service among others in this.
without ICOs the economy becomes overregulated and communist style with big and rich established people and their heirs beeing the only ones able to lend and building stupid uncreative communist style cashcows,
here is a satalite photo of the social result of this in my community in germany
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FYNQmXPM.jpg&t=665&c=Vc_HeP3EgbNTxw)
here for example this is a construction side for luxury appartments in my city, these are four standardised luxury appartment build and planned four times all equally as
cash cows for a certain income level group among the cities population, by rich central authority with privileged access to the financial system.
this is modern communist style economy, similar like in the soviet union, and it is basically showing how broken the regionalist financial system has become, very uncreative and stupid, there u see why icos are quite important,
icos give diversity and more adaptable decentral creativity for the economy
hope this helped
regards