Bitcoin Global News (BGN)
July 16, 2018 -- ADVFN Crypto NewsWire -- Where’s the best
place to do an ICO? Contrary to popular press on the subject, one
team of researchers actually believes that the answer is the United
States.
Knowing this, it is logical to
wonder: what metrics did they use to come to this decision and did
their metrics include anything related to existing regulation of
the space?
Firstly, this particular team was
affiliated with a conference called “the Crypto Finance
Conference.”
Secondly, they conducted the bulk
of their research using public data on what were deemed the most
successful 100 Initial Coin Offerings, based on total money
collected.
From here, they took the money
collected by these ICOs and combined it with where each was
conducted to determine what countries could be the most favorable
to do ICOs in.
In knowing the apparent failure of
their research to take into account any sort of existing regulation
that restricts how ICOs are run, it can be said that this research
is not at all without problems.
Inside of this failure also lies an
apparent disregard for the possibility of future laws and their
effects on the success and the frequency of ICOs.
If the research were to be
re-branded under a heading akin to where the most successful ICOs
have taken place, then the findings would seem to have more
credence than they currently do.
An even deeper and more serious
question that comes to light from all of this is: why is such
research being taken by popular industry news outlets as if were
fact?
To do so is arguably to seriously
mislead the average Crypto investor.
Even Blockchain networks use peer
review and proper, accepted research practices to prove what they
are doing has some sort of viability.
If any product in the space is not
backed by some sort of peer reviewed piece of research, then it is
common practice to term it a scam or simply, unworthy of
investment.
Since the volume of Initial Coin
Offerings has already reached its all-time high in the first few
months of this year according to Cointelegraph, one question
becomes even more important for us to consider.
Why don’t we consider discounting
Blockchain related research that fails to contain a well-rounded,
scholarly backed set of conclusions?
By: BGN Editorial Staff
News:
ICO
Cryptocurrencies
Blockchain