Discover and read the best of Twitter Threads about #ICOs

Most recents (7)

👆#TurnKey,Inc.: #SEC turning the (same)key in the lock

Surprised that commentators think there is anything new in this decision. It is simply a different type of argumentation. It is for the first time a #negative #definition of #ICO #regulation by #securities#laws. Thread👇
👉1. In Munchee Inc., SEC claims (sec.gov/litigation/adm…):
⛔️Munchee has no viable product
⛔️tokens sold are not usable, but will possibly be in the future
⛔️ICO will fund the development of the project
⛔️MUN price will vary AND reasonable expectation of future profits
⛔️#profits (or losses) depend solely on efforts of #Munchee #managers
⛔️#marketing MUN token in the manner to induces the purchasers to believe there is a profit expected solely for buying MUN and reselling it later.
⚠️a positive definition -> this IS a security
Read 10 tweets
1/19 THE ROAD TO BITCOIN RICHES ISN’T ALWAYS PAVED

Whether it was lost or stolen funds, feuds that broke-up friendships, innovations that went awry, everyone has a #BitcoinRegret.

Welcome to the next chapter of the #BitcoinAt10 multimedia series - ow.ly/QwfK30nvTsQ
2/19 When… Prius?

While the #bitcoin industry is infatuated with Lambos, @Rassah couldn't care less about suicide doors and instead purchased a planet-saving Prius.

There's one catch – he did it when bitcoin was at $22.

ow.ly/t30G30nvV7v #BitcoinRegret
3/19 The ole' wiped the hard drive story

.@JosephFiscella is one of those – he mined #bitcoin in the early days, forgot about it and then reformatted his hard drive, erasing everything.

Don't worry, he's still holding out hope.

ow.ly/o1NU30nvVgn #BitcoinRegret
Read 20 tweets
Had our first event @placeholdervc’s Manhattan office last night, a full-house to discuss @MakerDAO!
Started w/ a presentation from @alexhevans on @MakerDAO’s network adoption (he’ll share graphs soon), and then shifted to opening/closing CDPs, as well as lending $DAI to @compoundfinance to earn 2.5% (0.5% annual fee to take out loans in DAI, earn 3% by lending it on compound)
Vibe was so different from 2017. No #ICOs pitched in personal intros, didn’t hear price mentioned once through the night, and the audience members were well studied on @MakerDAO w/ sharp questions for the team.

It’s what prompted me to say this:
Read 3 tweets
Monster 100+ page #crypto report from @AutonoFinTech: next.autonomous.com/crypto-utopia/ First takeaway graph shows crypto-penetration per country, Japan in the lead w/ 83% awareness
2/ Succinct narrative of 3 waves of #crypto funding:

Bitcoin startups, Enterprise blockchain, ICOs.

#ICO funding in 2018 nearing double that of 2017.
3/ Smart contract platforms other than #Ethereum are growing... but w/ the top (@wavesplatform) at ~30 ICOs, all still pale in comparison.
Read 5 tweets
0/ #RESEARCH PAPER Review

Digital Tulips?
Returns to Investors in Initial Coin Offerings

Hugo Benedetti/Leonard Kostovetsky
Boston College

Draft Date: May 20th, 2018

#ICOs #cryptocurrency #BTC #LTC #ETH #EOS

poseidon01.ssrn.com/delivery.php?I…
1/ From a dataset of 4,003 executed and planned ICOs,
which raised a total of $12 billion in capital, nearly all since January 2017.
Average returns were 179% from the ICO price to the first day’s opening market price, over a holding period that averages just 16 days.
2/ Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns 82%.

HODLING generated average buy-and hold additional returns of 48% in the first 30 trading days
Read 19 tweets
0/ A Brief History of Decentralization in Venture Funding (a thread)
1/ In the early days of venture capital, funding sources were centralized to a few big players with deep pockets handing out checks to entrepreneurs. (e.g. Rockefeller's investment in Fairchild Semiconductor)
2/ In the 60s - 70s, more VC firms emerged as a response to the market's demand for access to outsized returns. Venture capital deployment was gradually decentralized as GPs were entrusted to invest LPs' money in their disparate networks.
Read 16 tweets
1/ The bad news: #ICOs are dead. The good news: their rebirth is just around the corner. Safer, cheaper, legal. Most importantly: healthier.
2/ Let’s start with the death notice, especially since it seems like ICOs are at all time highs in every imaginable measure.
3/ In a newsletter (that I didn’t sign up for), it was claimed that past week alone more than 400 ICO projects were launched. That’s crazy!
Read 42 tweets

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