21 replies
11 recasts
57 reactions
In my opinion, ICOs were a powerful tool for their time. I experienced them as a revolution, and while now we tend to focus on the worst human aspects—the speculative race and making millions with just a pitch deck—we can’t forget that Ethereum, for example, emerged from an ICO. There are retrospective docs about Ethereum ICO moment that I think answers your question.
What are we doing wrong as a Web3 society to undermine the very principles we preach? It’s inevitable that with any radical change, like in funding models, exploitative quick-win approaches will emerge almost instantly. I have nothing to say to those who sell a 200M ppt to a avid investors...
On a smaller scale, ICOs, memecoins, and sooner than later agents of questionable utility… they all have a role to play, and each has its moment. 1 reply
0 recast
2 reactions
0 reply
0 recast
1 reaction
