Gold! Gold! Gold from the Blockchain River! | Center for Digital Ethics & Policy

In 2017, $5.6 billion was raised for blockchain-based development projects through a new funding mechanism dubbed an ICO or Initial Coin Offering. By comparison, $240 million was raised by the same method in 2016, while it’s estimated $1 billion has already been invested in the first two months of 2018 (close to $6 billion as at end April). There is a rush for digital gold and with it comes a hefty dose of snake oil. Ethics takes a back seat in the dash for cash as the authorities scramble to keep pace.

Source: Gold! Gold! Gold from the Blockchain River! | Center for Digital Ethics & Policy

Kate