Quote from: 1Referee on August 12, 2018, 06:54:18 PM

Quote from: aso118 on August 12, 2018, 07:19:21 AM

It means that the ICO bubble is finally bursting. People won't be able to raise millions of dollars just by publishing a white paper and doing some marketing. Sanity finally returns to the crypto space.

It is definitely bursting, and in more ways than just one.

The recent development of projects panic dumping their raised Ether tokens is the worst of all. It basically shows that raising capital in Ether is a dead end since you can't rely on its price. If you raised $100 million in capital during the hype, only $25'ish million is left of it right now. That sucks and deems Ethereum worthless for serious projects to develop on.

If that isn't enough, these projects aren't able to completely cash out to USD through Ether's markets and for that reason have to eat through Bitcoin's liquidity as well. In other words, Ether's problems are Bitcoin's problems. Lips sealed

I wonder if the funds owned by the ETH developers will be enough to support it any more.