Hello there guys! New to the forum, although I've been into crypto for few months now and I find it the most interesting phenomenon in technology and economy in the last maybe 10 years.
I wanted to kick-start a discussion about something I've been thinking last few days.
Most ICOs so far come from Europe and there is so much crypto tech talent coming from Russia and the former Soviet republics that I couldn't but ask myself "What does that mean?".
Since the mass adoption of Internet almost all innovation has come from Silicon valley. The startup era, the VCs, the unicorns, the big bubble. Europe and Asia has always been a step behind SV. There are numerous funds, VCs and startups all over the globe but somehow it's always been the second league and most importantly - the funds that's been invested in startups in USA can't be compared to anywhere else. You get 5-10 times more funded for the same idea in USA than in Europe.
But there's the new trend. ICOs are flourishing and $10M-20M token sales are becoming a standard for a good(not perfect, just good) ICO in 2018. Most of the ICOs are launched in Europe, most of the talent is coming from Central and Eastern Europe.
What do you think - will that significantly shift the economy of innovation? Will the rest of the world catch up with Silicon Valley thanks to ICOs?
We live in interesting times guys
Ivan