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Developers of new cryptocurrencies are raising gobs of money with little more than a white paper. Though real advances are likely to emerge from the trend, the bubble could get worse before it gets better. William Mougayar, organizer of the upcoming Token Summit, and Nick Tomaino, cohost, discuss where ICOs are going wrong now, what best practices would help the space mature, and how to separate ICO wheat and chaff.

Show notes: https://www.forbes.com/sites/laurashin/2017/05/16/icos-why-people-are-investing-in-this-380-million-phenomenon/

Links: Token Summit: http://tokensummit.com/ The Business Blockchain: http://thebusinessblockchain.com/ Startup Mangement: http://startupmanagement.org/ The Control: https://thecontrol.co/ Runa Capital: http://www.runacap.com/

Episodes referenced: Brock Pierce of Blockchain Capital and Stan Miroshnik of The Argon Group: https://www.forbes.com/sites/laurashin/2017/04/18/this-vc-is-sure-venture-capital-is-about-to-be-disrupted/ Olaf Carlson-Wee of Polychain Capital: https://www.forbes.com/sites/laurashin/2017/03/07/why-this-hedge-fund-ceo-once-put-most-of-my-meager-life-savings-into-bitcoin/#6c20ccd14e15 Jerry Brito and Peter Van Valkenburgh of Coin Center: https://www.forbes.com/sites/laurashin/2016/10/18/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law/#11112aa960e6

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ICOs: Why People Are Investing In This $380 Million Phenomenon 01:00:42 Share

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ICOs: Why People Are Investing In This $380 Million Phenomenon