Well, its fraught with dangers. First of all you have a much higher risk of falling foul of national laws with ICOs, even if you do the huge amount of work to ensure they arent breaching rules they make your project a target for hackers.
Even if thats all covered, all of a sudden the team who was happy to do it for kicks, now expects to be all driving Lambo cos they knows you just got $$$m in your pocket, so where is their share. Oh and the lead developer is kinda busy right now, takin' some time now we got the stress of the ICO over, he'll get to development next week for sure, or maybe the week after... after all there is no guarantee anything will get delivered, and we got all the money, so chill out.
Hilarious @scalextrix - I like it. I agree - dumping a huge amount of cash into a start up is a surefire way for some of it to get wasted. But in some ways that doesn't matter - it's not as if the ICO money has to pay a return or anything. I've been looking at the upcoming DAXT ICO - which is basically a platform to address some of the 'kick back and party' issues that a startup might have after a ton of cash is dumped into its accounts - check it out if you're into that kind of thing.
Also I wonder if many of the other organizations that ICO can work with solarcoins, that said nothing said that SLR couldnt become a platform for ICO, just need more devs to get the blockchain to recognize crowdfunding-smart contracting.
Really? You think smart contracting could be added in AFTER a coin has been launched? I'm not so familiar witht the ins and outs of the SLR blockchain, but it's relatively old, no?
But it would certainly add to uptake if, for example, internet of things functionality was built in, like the MIOTA coin or something.
Also I wonder if many of the other organizations that ICO can work with solarcoins, that said nothing said that SLR couldnt become a platform for ICO, just need more devs to get the blockchain to recognize crowdfunding-smart contracting.
Although you can already do this to a degree with multi-signature and OP_Codes.
Well, its fraught with dangers. First of all you have a much higher risk of falling foul of national laws with ICOs, even if you do the huge amount of work to ensure they arent breaching rules they make your project a target for hackers.
Even if thats all covered, all of a sudden the team who was happy to do it for kicks, now expects to be all driving Lambo cos they knows you just got $$$m in your pocket, so where is their share. Oh and the lead developer is kinda busy right now, takin' some time now we got the stress of the ICO over, he'll get to development next week for sure, or maybe the week after... after all there is no guarantee anything will get delivered, and we got all the money, so chill out.
Hilarious @scalextrix - I like it. I agree - dumping a huge amount of cash into a start up is a surefire way for some of it to get wasted. But in some ways that doesn't matter - it's not as if the ICO money has to pay a return or anything. I've been looking at the upcoming DAXT ICO - which is basically a platform to address some of the 'kick back and party' issues that a startup might have after a ton of cash is dumped into its accounts - check it out if you're into that kind of thing.
Also I wonder if many of the other organizations that ICO can work with solarcoins, that said nothing said that SLR couldnt become a platform for ICO, just need more devs to get the blockchain to recognize crowdfunding-smart contracting.
Really? You think smart contracting could be added in AFTER a coin has been launched? I'm not so familiar witht the ins and outs of the SLR blockchain, but it's relatively old, no?
But it would certainly add to uptake if, for example, internet of things functionality was built in, like the MIOTA coin or something.
Also I wonder if many of the other organizations that ICO can work with solarcoins, that said nothing said that SLR couldnt become a platform for ICO, just need more devs to get the blockchain to recognize crowdfunding-smart contracting.
Although you can already do this to a degree with multi-signature and OP_Codes.