2017 was the year of the ICO. With $6B going to 879 projects (source), ICOs shook venture capital to its core (at least that is what many seem to believe). Among the chaos and “value creation” however; one thing became increasingly clear: utility tokens were the future… until they weren’t. Regulators sat back and observed while...
“We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” “We tend to overestimate the impact of technology in the short term and underestimate it in the long term” — Roy Amara The human hype cycle People are short-sighted, we don’t want to miss out on the...
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