Cryptocurrencies present a compelling solution for more democratization in the investment space. While the financial services industry plays an essential role in the funding and creation of new ventures, these firms are monoliths and the barriers to entry for new players are too costly. Initial Coin Offerings (ICOs) are going to change all of that. But first, regulation of ICOs is needed, because even without government oversight, the core blockchain technology will eventually completely transform the financial services sectors. The question becomes how many people will be burned before then, and to what extent can we invite honest innovators to…

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