Imagine having the world’s fastest racing car; you’ve got the keys, you’ve got the license, the registration, the beautiful interior — it’s all there. But here’s the thing, you hardly ever get to drive it - Why? The gas stations don’t accept your money, and the price of gas is in constant flux: one day it’s super cheap, the next it’s worth almost as much as the car itself.
That’s what’s happening to today’s ICOs. They are raising an eye-watering amount of funds (over 1 billion in 2018 alone), but once the funds are in their wallet, it’s incredibly hard to use them in a practical way.
Here are the two critical issues: liquidity and volatility. The former breaks down like this, I raise $1 million in ETH but I can’t use it to pay my rent. The latter, I raise $1 million in ETH but its value could drop drastically in the same afternoon. Now I’m asking myself….
How do I use a store of value (that’s continually fluctuating) to make sure that my two kids have their school fees paid?
Read the whole article: https://medium.com/@globcoin_io/what-can-icos-learn-from-the-electrification-of-cars-326ee5a63139
Topic: What can ICOs learn from the electrification of cars? (Read 98 times)
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