During his speech on the ETHWaterloo hackathon, the founder of the Ethereum platform, Vitalik Buterin, spoke about his attitude towards start-ups conducting primary coin placement. The activities of most ICO-companies, he said, failed, so after a general collapse about ten percent of them will stay afloat.
Nevertheless, after the general collapse of the ICO market, a new format of tokens will appear, with the help of which it will be possible to restart the crashed system.
His position was reinforced by the assertion that the cost of digital tokens produced during the initial placement of coins is not guaranteed, so their value depends only on the final demand for these tokens, on how much people want to buy them. The same moment creates excellent conditions for scammers.
Nevertheless, Buterin does not think that this is bad. In 2018-2020 there will be "tokens 2.0", the market will become more mature. In addition, by that time clear schemes for regulating and evaluating ICO projects should already be developed, so investors will not be able to spend time on fraudulent projects, highlighting the most successful ones against their background.
The view of the founder of Ethereum on the crypto currency market and ICO is shared by the platform co-founder Jeff Lubin. He is also confident that most crypto-currencies are bubbles that will soon burst. But, like his colleague, he is sure that after a rapid collapse, the market will revive again, become more thoughtful and reliable.
Our cozy chat in the telegraph.
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