"And I don’t want to hurt the feelings of Chinese people, but they love gambling! I see them in Las Vegas, I see them in every casinos, they love gambling! But they fail to realize that investing in ICOs are by its nature gambling. About 75% of ICO projects will go to zero. It’s understandable that the Chinese government wants to ban ICOs. It’s getting too overwhelmed and the government likes taking their time."
"The reason I am investing in blockchain startups is that I want to build a parallel system with capital market, payment means and etc in two or three years. As such, when the current financial system crashed, we still have another system at play. My concern is that the current system will crash before the new one gets built."
http://news.8btc.com/overstock-ceo-patrick-byrne-talks-about-the-blockchain-technology-and-chinas-ban-on-icos
Topic: Overstock Patrick Talks About Blockchain And China’s Ban on ICOs (Read 866 times)
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