«Thats whats happening to todays ICOs. They are raising an eye-watering amount of funds (over 1 billion in 2018 alone), but once the funds are in their wallet, its incredibly hard to use them in a practical way.
Here are the two critical issues: liquidity and volatility. The former breaks down like this, I raise $1 million in ETH but I cant use it to pay my rent. The latter, I raise $1 million in ETH but its value could drop drastically in the same afternoon. Now Im asking myself
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Read full post: https://medium.com/@globcoin_io/what-can-icos-learn-from-the-electrification-of-cars-326ee5a63139I think it is not about the ICO's itself but it is about yourself or myself. We are responsible for those heavy pumps that ICO get when they are doing the fund raising. Yes it is eye watering when you see ICO making millions of dollars until their CEO sips the coffee at his desk. Once the money is in then they go party hard like its last of their life and they forget about the whitepaper that they have made or sometimes I feel like they just forget about the projects that they are been working on. Isnt that is ridiculous thing that happens all the time in the crypto currencies.
However your concept does look nice after seeing that how Tether have made the opportunity for themselves by creating something great that can overcome the problems of stability or dependently volatility itself. I think thats useful but it seems that USDT is also falling down many times and you can not really make it stable, thats what the rule of decentralisation is.