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RE: What’s the Problem with Ethereum? What Does the Future Hold?
ICOs have to liquidate their Ethereum warchests at some point as they need to fund their companies and pay staff. This would not occur if cryptos were accepted on the high street more often. As such it is not market sentiment but a dumb fund-raising model (the ICO) that is at fault.
They have to use use their ICO funds, but as they are sold people are buying. Cryptos are a long long way off being accepted on a large scale, let’s not kid ourselves. People seem to think cryptos are going to solve everything and be accepted by the end of the year. I am a huge believer in blockchain technology but also am a realist and see this taking years more to be accepted, regulation will come first. I agree that more has to be done to target the Ico model at present, but you can’t blame businesses from taking advantage of the process and easy money.