Re:ICO startups band together to create $100M grant fund for...
by UncleEntity on Saturday February 17, 2018 @01:21PM
(#16401889)
> Is it legal for effectively crowdfunded projects to then fund other projects?
This makes me wonder, people (presumably) bought into an ICO to fund a specific goal and not to enable a new age of venture capitalists.
Though this could be another classic sign that we are witnessing a bubble in its pre-bust stage -- would seem to fit with the "spike the punch bowl" phase but with replacing central banks with core cryptcurrency advocates methinks.
This makes me wonder, people (presumably) bought into an ICO to fund a specific goal and not to enable a new age of venture capitalists.
Though this could be another classic sign that we are witnessing a bubble in its pre-bust stage -- would seem to fit with the "spike the punch bowl" phase but with replacing central banks with core cryptcurrency advocates methinks.