...by Daniel Szego
"On a long enough timeline we will all become Satoshi Nakamoto.."
Daniel Szego

Friday, April 13, 2018

ICO-s, market liberalization and marketing

From an economical perspective token sales and ICO-s are liberating the funding and venture capital market and big steps for economical and financial equality in the world.

- Demand: You have 10 euros that you want to invest into a start up business, with the classical funding possibilities you did not have the chance.

- Supply: If you want to launch a new business and you need funding, previously you needed banks and business angels, actually very small amount of people in the world really have the possibility to get funding for a new business.

So, practically everybody who wants to ban token sales like Facebook , Google or regulation saying indirectly for a couple of billion people the following message:

You guys born in poor region ? You do not have access for an efficient financial infrastructure to get funding or to invest? That is your fault, you deserve it, we like it that way. Even if there would be an efficient funding infrastructure that you could use, we ban that.

Honestly, I am not an idealist, world works sometimes this way, we have historical examples for that.

However, after saying indirectly fuck off for a couple of billion people it is pretty difficult to make for any of these parties such a marketing that they are the good guys.