An ICO Primer
Over the past 18 months ICOs — or Initial Coin Offerings — have emerged as a leading funding source for technology startups focusing…
Blockchain or in general distributed ledger technology (DLT) is not bitcoin; although bitcoin rests atop a DLT.
Many of your assumptions are based only on a ‘permissionless’, anonymous, cryptocurrency DLT such as bitcoin or ethereum
I appreciate your full disclosure — you have a material interest in the success of Ethereum and the DAO. But, I believe your logic is skewed by that.
The definition of moral hazard is: lack of incentive to guard against risk where one is protected from its consequences, e.g., by insurance.