Quite recently, Charlie Lee, creator of Litecoin stated that the Initial Coin Offering (ICO) craze is out of control because people never learned their lesson with the DAO after everyone got bailed out. In a post on Twitter, the man who just resigned from Coinbase to concentrate on Litecoin declared ICOs are a disaster that is waiting to explode soon.
ICOs have come under serious attack recently especially with accusations of scams. However, it remains one of the numerous clever innovations in the crypto space signifying how funds can be raised in a free market without the involvement of the state or banks. Besides, it eliminates the cost and burdensome barriers involved in traditional IPOs.
But maybe, after all, the ICO market just needs the government involvement?
Full story at http://bit.ly/2u7dPV4
Source: CoinTelegraph
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