Bitcoin Garden: 4 Blockchain Experts On The Future of ICOs
https://bitcoingarden.org/4-blockchain-experts-on-the-future-of-icos/Jackson Palmer (Dogecoin), Ivan Perez (Initia Health), Jürgen Schouppe (Safe Haven) and Marcus Levin (XYO) share their views on the Future of ICOs at the Global Blockchain Forum in Santa Clara (CA).
Jackson Palmer (Dogecoin):
I know that due to regulatory uncertainty some companies were scared away from using an ICO as a funding method. A lot of that is warranted because a lot of ICOs clearly want to raise way more money than they need, or are just scams. Because of that, there are regulatory movements developing that will wipe out companies that don’t have a good technical base. We already see the amount of ICOs has slightly declined.
Companies in the crypto space are starting to resemble traditional companies in the US. In Asia they are still getting ridiculous valuations though.
It’s tough to say how the blockchain market is transforming the financial market — we have people doing security tokens and they are complying with the SEC. Maybe the stock market will one day be replaced with blockchain. And while we have certain markets where blockchain is used, it’s still technologically behind centralized systems. I don’t think we are going to see the flip happen before we can provide better decentralized solutions....
