<center>https://www.incimages.com/uploaded_files/image/1940x900/time-bomb-pano_13807.jpg</center> From Bloomberg <blockquote> Initial coin offerings, a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says it’s time for things to cool down in a big way. “People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb,” Charles Hoskinson, who helped develop ethereum, said in an interview. “There’s an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money.” Firms have raised $1.3 billion this year in digital coin sales, surpassing venture capital funding of blockchain companies and up more than six-fold from the total raised last year, according to Autonomous Research. Ether, the digital currency linked to the ethereum blockchain, surged from around $8 after its ICO at the start of the year to just under $400 last month. It’s since dropped by about 50 percent. </blockquote> Read the rest here: https://www.bloomberg.com/news/articles/2017-07-18/ethereum-co-founder-says-crypto-coin-market-is-ticking-time-bomb <center>https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iDZge6igEl20/v2/800x-1.jpg</center> <hr> Follow @contentjunkie to stay up to date on more great posts like this one. <a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a>
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What goes up, always comes down. 😐
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<p>This post has been ranked within the top 50 most undervalued posts in the second half of Jul 20. We estimate that this post is undervalued by $15.88 as compared to a scenario in which every voter had an equal say.</p> <p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jul-20---part-ii">The Daily Tribune: Jul 20 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p> <p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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