upvote for me please? https://steemit.com/news/@bible.com/6h36cq

I completely disagree that an ICO shouldn't be used as a way to raise money. These small little corporate tokens have provided a whole new instrument to raise money for companies. Rather than big banks making money putting companies in debt with high-interest rates, now you bet on a company's success by buying a coin. You don't have to buy some huge amount of stock. You can buy even a fraction of a coin.

Of course, there are a huge number of issues, including ones that you talked about, but I don't think that an ICO shouldn't be used as a funding method or alternative or addition to stocks. It works really well for companies that actually have a use for the coin, such as putting something on the blockchain, but I don't know that that should necessarily be a requirement.

Right now we're in a bubble, but we don't wanna illegalize all the fun little bottles of bubble solution with built-in bubble blowing loops just because a few are drinking it.

Edit: Watched the last half of the vid again. His points were good as guidelines for which ICO's to invest in...but I definitely don't think they should be requirements.

I don't think we've found the secret sauce for the type of crypto to use as an investment and debt instrument for a company, but I personally think they can be used very well as such. The problem is that companies are just slapping a random blockchain onto a problem without knowing what they're doing.

I agree with both you and the writer about the token sale being used as an instrument to raise money. It is a great new way to crowdfund a new project, especially without having to get into debt prior to ICO, which is a concern I had as well. However, I think that part of the problem is when an ICO is being solely relied on as a means to an end, which is why the team and advisors supporting them is also so important to look into. A brilliant tech team also needs a business and marketing savvy team to drive the project forward, I think that side of things sometimes gets overlooked.

I think his proposals are definitely a good guideline, but yes, not necessarily a requirement as you said. It's being able to identify those projects that truly understand what they're doing with the tech and can explain why they need it etc..

I love your bubble analogy btw! Let's hope people stop drinking the bubble solution.

Great comments, thanks!

A negative of the whole bubble right now is that almost all the good blockchain devs are taken.

Funny that in some ways we are in a bubble when we don't even have widespread adoption yet.

I think I'm onto something with the idea of a crypto as a debt instrument to replace stock. We need a few companies to really put money into a real coin that's made for them. They shouldn't just adopt a random coin. Someone needs to work on adapting some crypto to use as a combo between a debt instrument and stock.

I should probably get into crypto dev. Bet that shit pays well. :P

That guy should write a book. He does have some solid info about things to look for with ICO's. I feel a bit smarter when it comes to ICO's after thinking about the whole thing thanks to his words.

Do you know what, I think you really are onto something right there. This is a totally new concept that I've not seen yet. It's definitely worth exploring!

All the good devs are most probably taken (for sure) - but it's funny how all these new ideas with new geniuses behind them are constantly coming out. I mean, collectively, surely they would've solved world peace by now lol!

I also feel a bit smarter after reading his article. These are the kind of articles we all need to spark conversations like ours. Thank you so much for taking the time to comment again. We need more people like you in this space! :)