It seems like wormhole was a cheap attempt to compete with ETH and Gabriel is nr1 zelout for ETH as he stated numerous times. He also forked metamask and made badger.
Yeah, it does seem to be a competition with ICO's. Probably not the best sort of competition. I doubt it will take off.
Not without further protocol changes like reducing block time.
Reducing block time is a bad idea, but I dont't think it would make any difference in terms of ICO's.
ICO market is a sham and it found its platform in a shammy ETH. Competition wins by being better, copycats will not succeed imo.
A totally there have been successful ICO's. Like venture capitalism they are far from a sure investment. Big reward requires big risk. ETH is a pretty strong crypto.
What were the successful ICOs?
All of the ones I checked were scams.
Off of the top of my head there was a dairy farm that used it. All an ICO does is invest in a business. If the business succeeds then they can pay a return.
Do you have any links?
Not at the moment. Maybe after work I could do a quick search. I noticed some videos about successful ICO's on YouTube with a search. Didn't watch any to see if they were worth linking
But they don't have to pay a return if they don't want to? And what type of return?
I think the ICO token works like a share of the company. One you can sell to others, or back to the company. If the business goes bust there is nothing to pay back.
I want to invest ICOs which returns BCH on-chain as dividends. Securities offers with no returns are scams.
I would love that too, but don't let this desire make you fall for scams.
Thank you, I won't. I'm a cautious professional financial investor in fiat money world. I'm not a pure speculator.
