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Crypto Monday NYC - Jan. 22, 2018
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January 22, 2018 - NY Crypto Mondays Meetup Transcript


Mike Licamele:

Hi, my name is Mike Licamele and I'm here at Crypto Monday, New York City. ICOinvestor.tv is here to interview people about blockchain technology and cryptocurrency and all things crypto. Here's what folks had to say.

Steve Capone:

Lots of aspects of crypto that I'm super interested in. I would say if I have to pick one, its ability to totally democratize, take out central authorities that maybe serve as bad actors or over arbitrage a situation for maybe too much capitalism. What blockchain enables and what crypto enables is to be able to take the power that normally exists within people that make up a marketplace and for them to hold that power.

Graham Friedman:

Kodak, super interesting. Obviously, a legacy company with mad cache, very cool. It seems that they're outsourcing to a third party, who's handling both the token sale and even more dangerously, that mining rig that they came out with. So, it's a bit of the old school showing that they don't necessarily know what's going on. I wish them the best. It'll be very interesting to see what traditional companies moving into the space looks like.

Steve Capone:

I think we're super early in this space where anyone who claims to know the answers or be an expert is misrepresenting the truth. My interests are largely in helping companies figure this out and building a roadmap that will probably last for three to five to 10 years and figuring out what this kind of new internet of value looks like for big companies, as well as how new companies can build against it and create something entirely new.

Adi Sideman:

So, I think we're going to see a lot more established companies tapping into the blockchain technology and tapping into crytpoeconomics. I think Kodak was a great example and we're going to see more and more of that now that more business people, more developers are familiar with the power of crytpoeconomics and blockchain.

Buddy Evans:

ICO investing, I think is a bit risky. This whole thing is risky. It's basically the perfect sales pitch. Invest $500, become a millionaire. It's everybody's dream. But I do think it's going to be around for a while and this is the latest technology. I'm old enough to remember the '99-2000 dotcom bust. So, hopefully it's not that. I think most of these coins that are out now, the old coins won't be around in three to five years.

Steve Capone:

I think the ICO landscape and the cryptocurrency landscape actually do look familiar and similar to each other. The cryptocurrency landscape probably is more intensive around companies that are focused more on movement of value, as well as payments, whereas ICO offers a total disruption to venture capital and private equity and the ability for people that wouldn't ordinarily have participation in IPOs or in early stage private equity to now get involved in helping build companies for the future like they never have before.

Adi Sideman:

I think we're going to see a lot more presales and a lot less retail sales, specifically because of the regulatory environment, which is right. In a way, that is how we did it and we're very, very excited that we were able to garner such an interest in our presale. In the end of the day, it takes a lot of effort to build a cryptoeconomic platform. Sophisticated, accredited investors are the perfect backers for such projects and I think we're going to see more of that.

Steve Capone:

But my largest predictions is we're going to see regulation. We're going to see governmental institutions and regulators start to play a role. In the Gartner Hype Cycle, there's a period called the trough of disillusionment, which is after all of the momentum. That often comes from regulators looking to slow down and take care of some of this excitement and growth. Ultimately, I think that's a really good thing. As we start to see regulators be skeptical about this market, it's them looking at largely hope to take care of people because they believe this technology is around for the long haul. So, I encourage people to really actually think that's a good thing for regulators to come in. I think that's largely what we're seeing.

Olivier Viatour:

In 2018, I think it will all be around the regulation, like the regulation is black in China, black in South Korea, white in Switzerland, gray everywhere else, a bit less in the US, coloring what happened with the futures. So, we are waiting for that. It will be good, but if it's too tight, it might be a bad thing.

Michael Licamele:

I think there's going to be a move to more a regulated environment. Absolutely. I think I see that, you see that all over the place now. I think that by the end of the year, pretty much all of this will be on a regulated basis. We're approaching not where we think the market is right now, but where we think things will end up, which is why we're going 100% on a regulated basis and just presenting our token as a security right off the bat and not trying to dance around as a utility token of such.