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RE: First Blood Raises $5.5m in 10 Seconds...
This is insane! Man, I remember the Digix crowdsale and how I was amazed that it didn't even last a day. But this is really taking things to a new extreme. Congrats to those who were lucky enough to get in, but I don't like the precedent this sets. If this pattern continues, getting into ICOs will become tougher than grabbing a new iPhone on launch day without a pre-order.
Oh well, this is more positive news for the Ethereum ecosystem and next up we've got the SingularDTV ICO which should be quite interesting.
Pretty much anything with a network effect could have a crowd sale a replace and improve existing centralized service. Obviously, not all these platforms will be successful. However, setting up the funds in a DAO makes it transparent. Technically, the it can be set-up in such a way where funds get released when the DAO votes how and when. I believe First Blood was set-up this way and is quickly becoming the standard with many Etheruem based ICO's. Shits amazing if you ask me.
Yep, I expect we'll see a lot more ICOs to come as everything imaginable undergoes a wave of decentralization. I'm a big fan of DAOs myself, as long as the scope is kept well-defined and manageable. It's a shame The DAO was such a disaster as that may have tainted the general public's concept of DAOs for some time to come, but happy to see them still being used in other forms.