Udi Wertheimer
Jul 23, 2017 · 1 min read

I really like this article, William.

In the past I felt like you’re being a tad too, umm, cheerful about a lot of these ICOs, but lately I’m reading a lot of constructive criticism from you and I think it’s a very welcome change and very important for the industry. Thanks.

All of the points here make a lot of sense, and I particularly liked #8 on use of proceeds. The usual pie chart projecting future costs is not nearly enough, and in my eyes even more worrying is the complete lack of transparency with regards to hedging the raised funds. Maybe you saw my tweet on this subject from earlier today? When I asked, BAT’s Brendan Eich agreed to share details on how they converted their funds post-ICO, which is really important. I hope more will follow:

Please keep those articles coming. Anyone reading this might find some interest in my new Medium publication, Unchained Reports, which already had one article on the things I don’t like about ICOs, and more are coming.

Udi Wertheimer

Written by

Bitcoiner. Coder. Adversarial thinker. Troll.

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