New crypto funds are created by young people, who are not classic investors. Their approaches to the valuation of projects is fundamentally
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.
Source/More: Crypto Funds: why they will kill venture funds and then will die, in sync with the financial…