50 Percent of 2017 ICOs Have Failed Already

Photo by Estée Janssens on Unsplash

We need to distinguish between ICO founders being delusional and fraudulent.

Not everything needs to have a blockchain. Most things don’t. Some projects will be transformative but building everything on top of a decentralized network makes no sense. Blockchain for streaming movies? Probably not necessary, Netflix seems to work just fine. But most ICO are likely not fraudulent either. They might just be a small part of the 70% of small businesses that fail within 10 years.

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