DecentraNet Cofounder Matt McKibbin speaks on a panel at ICOforward NYC and discusses the merit of term ICO = Initial Coin Offering
Initial coin offering (ICO) may be the hottest term in cryptocurrency, but some startups are less than enthusiastic about embracing it.
Far from being able to cash in on its marketing value, many are instead seeking to buck the categorization altogether. Their chief concern? Worries that the language brings undue attention from regulators.
So, in an effort to stay under the radar, the entrepreneurs running these offerings have begun changing the language, sometimes only slightly. “Initial token offering,” “token sale,” “token generation event” or “initial capital building mechanism” or “ICBM” (an acronym more commonly thought of as a delivery mechanism for nuclear bombs) have all cropped up of late.
Amidst this inconsistency, CoinDesk took the topic to the floor of the ICO Forward Summit in New York City last week. The event brought together token projects, interested investors and existing blockchain companies to talk about the use case, its promise and possible pitfalls.
And while there might not be consensus on the issue, those CoinDesk spoke to believe the language is a natural symptom of regulatory tip-toeing.
According to Matt McKibbin, of the blockchain industry consultancy DecentraNet, the rhetorical positioning is just growing pains.
He told CoinDesk:
“I think the industry is still very, very young. Obviously, the lawyers still have a great amount of say in what their thing is called.”
‘If you say ICO’
In this way, McKibbin argued the decision of whether to use the word “token” or “coin” seems like one coming directly from attorneys. In fact, speaking with many entrepreneurs with ICOs on their roadmap, it almost sounded as though they were reading off a memo from counsel as we spoke.
Read more at: https://www.coindesk.com/initial-coin-offering-icbm/
DecentraNet Partner Matt McKibbin gave a keynote presentation “Enabling New Jurisdictions” at ICO Forward NYC Summit
Color-coordinated Matt McKibbin discussing the decentralization of sovreignty and new cities. Can we ICO new jurisdictions by offering equity interest in public services and industry? Can we eliminate inefficient intermediating and record-keeping structures? Blockchain technology is showing us that the answer is overwhelmingly yes.
#ico #blockchain #bitcoin #ethereum #crypto #cryptocurrency #socent#decentranet
The DecentraNet Team had a scary good time this weekend at the Texas Bitcoin Conference in Austin, TX. Matt McKibbin gave a presentation on decentralized jurisdictions and governance through blockchain, and DecentraNet hosted a CryptoHalloween party for conference attendees.
Special shout outs to partners Trive, Bruce Fenton, Social-Evolution — we’ll be posting a recap of the party and more about our sponsors’ projects soon. Nanu Berks and Helena Martin did an incredible job transforming a picnic table into a work of psychedelic crypto-art, Travis Bonnet with the sound all night, Erik Kuykendall with Lucid Light, Christina Nelson for on-site massage, Jenna Rose Sanchez and Guan Yin Tea House, Kava Bar, our beautiful fire spinners, the LED light demo crew, the list could go on…from the bottom block of our hearts, thank you!
DecentraNet Partner Matt McKibbin spoke at Ethereal SF on The New Inclusive Global Economy panel hosted by Laura Shin with Sheila Warren (World Economic Forum), Galia Benartzi (Bancor) and Sam Cassatt (Consensys).
The panel discussed how blockchain and user-generated cryptocurrencyt enables a “new era where money comes from the people,” what a global inclusive economy means for prosperity around the world, and how we can increase opportunity for women and minorities in the “internet of money” space.
Watch the talk below:
Congratulations to partner company Wanchain and team on their successful ICO! After navigating recent changes in regulations and upgrading security and registration protocols, they raised $35M in their token sale with the final $11M in just over 10 minutes!
Visit wanchain.org for more information and updates.
#blockchain #ico #eth #ethereum #tokensale #wanchain #bitcoin #btc #fundraise #decentranet
ICO FORWARD SUMMIT
404 10TH AVE
NEW YORK, NY
NOVEMBER 15, 2017 9AM
TEXAS BITCOIN CONFERENCE
OCTOBER 28-29, 2017
ETHEREAL SUMMIT SF
SAN FRANCISCO, CA
OCTOBER 27, 2017
LAS VEGAS, NV
OCTOBER 24-26, 2017
SEPTEMBER 16-19, 2017
SCHMOOZE CRUISE: “CRYPTOS &PSYCHONAUTS & CANNABIS. OH MY!”
EMBARCADERO, SAN FRANCISCO
AUGUST 13, 2017 5PM
STARTUP SOCIETIES SUMMIT 2017
CITY COLLEGE, SAN FRANCISCO
AUGUST 11-12, 2017
DECENTRALIZED DANCE PARTY
AUGUST 12, 2017 10PM
SECURRENCY STAKEHOLDER DINNER
NEW YORK CITY, NY
AUGUST 8, 2017 7PM
REXMLS LAUNCH EVENT
JULY 27, 2017 5PM
BLOCKCHAIN4GOOD JULY 2017
WEWORK WHITE HOUSE, WASHINGTON DC
JULY 25, 2017