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RE: What are the risks when an ICO like Tezos (or EOS) raises TOO much? Marc Andreessen's Wisdom

in #ico8 years ago

Be careful with Tezos.

IMO:

  • There is no formal verification.
  • Tech is mostly unnecessary - will totally still have hardforks; at least in theory
  • legal questions - intellectual property
  • ICOs in general

The hype is real, will draw in millions.

Read more in my post below for elaboration:
https://steemit.com/tezos/@kyle.anderson/we-don-t-need-to-hardfork-a-questionable-story-about-tezos-ico-july-1st

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I would love Tezos as a small $4 million experiment in governance. I don't buy their thesis on why their structure is necessary, but I'm willing to wait and see...but at the insane valuation they're going to have, it is hard to imagine it being a long term success.

I like QRL as a small, $4 million experiment using a new blockchain.

Experiment all you want. the game theory​ is pretty clear.

Research needs to be on:
PoS - nothing at stake problem and long range attacks

Sharding - the pinnacle​ scaling solution. Many problems hinging on unknown unknowns.