ICO Heavy Lifters

With the dynamics in the decentralised industry surrounding ICO's, a point worth repeating is that the token buyers are unlike VC's. When it comes to their involvement with the company or token, their ties are often loosely at best. I think this is even more important when you see the quote from Fred Wilson at AVC when discussing the need for Heavy Lifters during troubling times.

"When you are picking investors, you should call around and check references. Ask about this stuff. Find out who does the heavy lifting and who goes along for the ride. Pick the one who does the heavy lifting. Because you will need it, frequently." - Fred Wilson, AVC

From: Doing The Heavy Lifting - AVC

In the case of Uber, it helped that the investors helped with the much needed turn-around by having the hard discussion. I can not imagine that a few million token holders will feel as involved with a token and have a similarly hard discussion for a similar turn-around.

Got it.

I am quite aware of the many others that know more about blockchain than I do, even though I have read about them for close to two years now. I am always happy to see that when I try and explain what it is, quite quicky some people grasp the concept of peer-2-peer transactions. Responding with a: 'So we can do peer-2-peer energy trading as well then?' to me is a sign they got the basics for any further discussion.

The peer-2-peer energy use case is by far the most discussed use case within the energy business, but also the most obvious one. In an industry build on selling energy, it is the obvious translation from the current business to blockchain. The world is still in search for the 'Killer App' which combines blockchain to an energy related use case. Having seen many variations, I'm sure we have only been prodding in the tip of an iceberg. A long road of discovery is still ahead of us.

Got it.

I am quite aware of the many others that know more about blockchain than I do, even though I have read about them for close to two years now. I am always happy to see that when I try and explain what it is, quite quicky some people grasp the concept of peer-2-peer transactions. Responding with a: 'So we can do peer-2-peer energy trading as well then?' to me is a sign they got the basics for any further discussion.

The peer-2-peer energy use case is by far the most discussed use case within the energy business, but also the most obvious one. In an industry build on selling energy, it is the obvious translation from the current business to blockchain. The world is still in search for the 'Killer App' which combines blockchain to an energy related use case. Having seen many variations, I'm sure we have only been prodding in the tip of an iceberg. A long road of discovery is still ahead of us.

Introduction Blockchain

This is by far one of the best introductions for Blockchain I have seen in a long time:

With all the buzz surrounding blockchain, it has also become the terrain of the fortune seekers who claim to know it all, charging high consultancy fees while visibly struggling to clarify the basic concept behind bitcoin in their presentations or Youtube video's.