Something I realized recently, how powerful ICOs and Crypto is in general.

in #investing7 years ago

I was making dinner recently, and I realized why financial institutions are shitting their pants around crypto currencies. Or, really, if they're not, why they should be cleaning said pants.

If you're a developer, work with some friends and make a DAPP. Create a currency to act as a transaction token on data exchanges, and you've in effect/affect made a company, that owns however many shares/tokens of a application that has an actual user base.

Usage creates value just because of the amount of data exchanges that are happening. Add in the fact that you now have an exponential growth that isn't tied to anything in the real world, that's completely digital and global at the same time.
Now, realize how many things you're actually eliminating in terms of your needs.... r/startups I'm talkin' to you.

Things you've eliminated:

  • The need for startup costs. Tied to the currency. Do some marketing, then release the currency.
  • The need for VCs. Tied to the currency.
  • The need for payroll. Pay yourself in the currency until you can sell some of it for fiat, if you need it.

What you've gained:

  • Directly investing with your time, exponentially creating value worth WAY more than your current gig.

I realize too, that this isn't new to people who are building on top of ethereum. Just saying, I just realized all of it at once while taking fries out of the oven.

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