ICOs have been rightly criticized for being susceptible to scams, but a little basic due diligence can help any investor avoid potential trouble. And make no mistake; that due diligence is an absolute necessity, given recent history. After all, some cryptocurrencies have raised unbelievable amounts of money without ever producing a real product – just empty promises.
Vaporware is software or hardware that is announced publicly and actively promoted, even though it does not exist. Studies have shown that 81% of all ICOs have turned out to be scams, which highlights the lack of due diligence from investors who bought into these projects. The most striking factor in all of this is that even though an ICO turns out to be a failure or scam, the team behind it always walks away with money.
DNotes Global, Inc. today announced that company CEO Alan Yong has been invited to deliver a keynote speech at the Emerge ICO Summit on October 9 in Austin, Texas, in which he is expected to share his vision for the blockchain and digital currency industry.
The Emerge ICO Summit is being hosted by Ten Capital Group, and will bring together angel investors, venture capitalists, and crypto hedge funds from the Ten ICO Syndicate with cryptocurrency startups and other companies raising ICO funds. The event is billed as an opportunity for blockchain-based startups to interact directly with technology investors.
At DCEBrief, we are committed to providing the information that our readers need to educate themselves about the digital currency and blockchain revolution. As part of that commitment, we support the efforts of other groups and organizations that share that vision. After all, true mass adoption of this technology innovation required an educated and informed population.
We recently had an opportunity to interview Erica Stanford, co-founder of Cryptocurrency Simplified – a platform that shares our commitment to ensuring that people have the resources they need to understand and use digital currency and the blockchain. In that interview, she provided details and insight about her exciting project.
The distributed ledger system that most people know as the blockchain is a truly ingenious innovation with many positive world-changing implications. It not only enables digital currencies to thrive, but also provides new options for self-empowering digital payments and new ways to maintain time-stamped, immutable record-keeping. Merchants will be able to eventually use digital currencies for 100% of a new generation of debit and credit card transactions, while enjoying the benefit of a completely auditable transaction trail thanks to the blockchain.
Before that vision can become a reality, however, there are many challenges and obstacles that need to be overcome. Fortunately, DNotes Global Inc is committed to identifying those challenges and creating viable solutions that overcome obstacles. DNotes’ Blockchain Integrated Invoicing is one clear example of that commitment.
Capitalism’s distinction from economic ideologies is that anyone can enter a market, leverage their skill set and have an equal chance to climb the ladder based on their performance. A dictator, ruler, or union doesn’t decide how much your work is worth; the free market does. Some proponents of economic ideologies often mislabel free market capitalism as just another ideology, but they couldn’t be more wrong. Free market capitalism means that the economy is devoid of the regulatory environment required to enable groups or individuals to impose their theories on how an economy should be run through regulation, coercion, or force.