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The Control - Issue #22

Since May 1st, 43 projects have raised over $1.2B worth of capital in ICOs. The recent ICO explosion

The Control

July 9 · Issue #22 · View online
A newsletter on the entrepreneurs, projects and protocols that are putting control of power in the hands of the people curated by 1confirmation.

Since May 1st, 43 projects have raised over $1.2B worth of capital in ICOs. The recent ICO explosion proves tremendous global demand to invest from ETH and BTC holders.
The majority of this funding has gone into pre-product projects though and I believe the end result will be pain felt from investors. There are common problems that arise from large funding pre-product: inflated expectations, lack of focus and lack of resourcefulness. Every entrepreneur thinks they can be the exception and it’s possible that they will. But of all the bubbles that people talk about in crypto land, the bubble most likely to pop is the pre-product funding bubble.
Another problem I see with some of what is going on currently is the token model is often being used for fundraising purposes without much thought going into long-term cryptoeconomics. I believe it will prove wise to stay narrowly focused on what blockchains are really about: user empowerment enabled by cryptoeconomics. One of the single best things you could do on that front is watch this recent talk by Ethereum founder Vitalik Buterin: “The Cryptoeconomic Way”

Required viewing this week
Scaling Ethereum to Billions of Users
Russian Politician Calls For Removal of Taxation on Bitcoin and Ethereum
A beginner’s guide to 0x
Segwit2x: What you need to know about the 2x Hard Fork
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