by James Moreau Below we have an interview with Jason Colby , one of the founding team members of vDice.io who lent some of his personal and his business’ perspectives on their upcoming ICO. He discusses why a decentralized smart-contract gambling business would want to raise funds through these means and also about the current state of where Blockchain and specifically Ethereum bases businesses are heading in the near and short term. As the wave of relatively ample funding for technology startups has begun to decline, it seems the wild west of ICO’s, or Initial Coin Offerings within the cryptocurrency and Blockchain space is only beginning to take off. It’s almost entirely unregulated and generally open to interpretation on procedures on both the company and investor side. The only thing keeping these ICO’s in check nowadays is the hawk-eye’d community of Blockchain and cryptocurrency enthusiasts which don’t want to live through another damaging experience like the DAO from earlier this year. Ethereum has become the leading platform for businesses to establish themselves as tokenized entities and raise funds through coin issuances. In 2016 alone there have been some massive successes and some horrendous failures in the ICO space. The growth of the community of interested participants has raised new questions about how much caution is advised in these funding events. It’s become a hotly contested topic on both sides. Some people are of the mindset that this form of fundraising, or crowdfunding, is too much like the wild-west and that average investors and enthusiasts won’t do their due diligence before jumping to invest in a well-marketed idea. Others believe that the free market should dictate what businesses are able to do with this model of raising funds given these relatively new technological capabilities. Within Reddit and other forums, there’s […]
