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
DecentraNet is proud to welcome new Partner Simone GIacomelli of SingularityNET. SingularityNET is a blockchain-based distributed marketplace for AI.
Simone has, for over 3 years, been leading teams that provide next generation blockchain solutions for both the private and public sectors. Simone brings extensive knowledge of data-driven design, decentralized organization and technology, as well as considerable experience in the blockchain industry for both the private and public sectors.
“[SingularityNET] is a decentralized, open market for AIs in the cloud so anyone who develops an AI can put it into the SingularityNET, wrap it in our cryptocurrency-based smart contract and then the AI they put there can help to serve the intelligence of robots like Sophia or any other robots or any software programs that need AI . . .” – Ben Goertzel, Chief Scientist, Hanson Robotics & SingularityNET
For more on SingularityNET, here’s a recent interview from Ben Goertzel on CNBC.
#blockchain #startups #bitcoin #btc #ethereum #eth #ico #tokens #ai #singularity
DecentraNet is proud to announce its partnership with Wanchain, the latest blockchain project from industry veteran Jack Lu. Lu is the current Chief Executive Officer of Wanchain and former co-founder of Factom. Wanchain aims to become the world’s first blockchain platform to power smart contracts across multiple blockchains with an emphasis on privacy protection.
”Wanchain answers the question on every blockchain technology investor’s mind; specifically, how will disparate blockchains harmonize and communicate amongst themselves? While there are presently cryptocurrencies and protocols designed for banks, such as Ripple, or for the unbanked like Humaniq, until Wanchain there was no central clearinghouse to link these transactions. Wanchain is poised to be the financial hub linking spokes of the cryptocurrencies around the globe.”
– Ted Moskovitz, DecentraNet cofounder and partner
DecentraNet is a full-service blockchain consulting firm serving entrepreneurs with a full suite of done-for-you services, deep industry partnerships, access to capital, and community events. To learn more, visit www.decentranet.com.
Wanchain is the only distributed financial infrastructure powered by private, cross-blockchain applications. Built in China and headquartered in Austin, TX, Wanchain unites East and West as the digital currency-agnostic platform for global financial services. Registered in Singapore as a non-profit organization, the Wanchain Foundation was initially funded by Wanglu Tech, a for-profit enterprise with investors including River Capital, Fenbushi Capital and etc. To learn more, visit Wanchain.org.
A researcher at the Institute of Finance and Banking, a Chinese government-supported academic research organization, claimed that the Chinese government’s ban on initial coin offerings (ICOs) is only temporary.
Our team is very excited to see two of our favorite portfolio companies announce their strategic partnership! Congrats Securrency and Humaniq. #ICO #Blockchain
DecentraNet’s Ted Moskovitz quoted in Investing.com – Will Bitcoin’s Bull Market Resume? Can It Continue?
Will Bitcoin’s Bull Market Resume? Can It Continue? by Tanzeel Akhtar
Ted Moskovitz, a former SEC lawyer and the founder of DecentraNet, says Bitcoin will surely get much larger before the bubble, if indeed there is one, pops.
“While many view Bitcoin’s new all-time high as an indication of a bubble, this is simply not the case, and we are sure to see Bitcoin’s price rise to between $7,600-$10,000 by year’s end.” explains Moskovitz.
Forex markets see an average daily volume of over $5 trillion. If Bitcoin’s total market cap reached equivalence to one day of forex trading, explains Moskovitz, it would place the value of a single Bitcoin in the ballpark of $250,000. “If you prefer to think of Bitcoin as a commodity, then gold is a good baseline for comparison,” he adds. “Right now the global gold market stands at about $6.3 trillion.”
“It is estimated that only 10 million individuals had Bitcoin accounts at the start of this year—that’s .001% of the world’s population. This shows us that Bitcoin is still in a nascent phase, and as more and more people learn about it and more and more name-brand celebrities (e.g., Ashton Kutcher, John Cena, Floyd Mayweather) tweet about it, we are going to see adoption rise.”