Zak Folkman, co-founder of World Liberty Financial (WLF), expressed the desire to revitalize the initial parts of parts (ICO).
Folkman stressed that venture capital is often touch platforms like WLF, forcing them to adopt an anti-VC position. He criticized the way VC manipulates the markets to guarantee advantages, adding: “What they want to do is that they want to design everything to win. And even if it is at the expense of someone else. Folkman argued that this exploitation had contributed to the erosion of confidence in the crypto, explaining that, in the past, ICOs were an open opportunity for everyone to participate in projects. He called for a return to equal access, declaring: “At the time, the ICOs were good. People were able to get involved in projects and everyone had access to the same thing. »»
The discussion also highlighted the concerns concerning the parts even, in particular their lack of regulation. Folkman warned that people were likely to lose substantial sums in the same parts, mentioning the many Twitter users expressing their frustrations about losing savings to failed projects. “How many people are on Twitter at the moment to complain about having lost their savings on a piece of memes which has become robust?” He asked, emphasizing the need for clear and consistent rules to guide the industry.
While Folkman criticized the current state of coins, Sun remained optimistic about their future, arguing that the memes were “the future of the crypto”. However, Sun agreed that the industry was to approach the way the tokens were launched, criticizing the high risk nature of certain coins. “Most of the coins we have seen on the market today have high market capitalization at launch, then from zero,” said Sun, explaining that many investors lose confidence in the tokens after the collapse of their value.
Folkman has also warned against authorizing them the venture capital of investing in projects in a way that is not accessible to the public, the appellant “anti-Crypto”. For Folkman, Crypto consists in democratizing access and offering equal chances to everyone. He argued that the system had to be fair and transparent for all those involved.
Folkman and Sun highlighted the importance of correctly regulating coins to avoid the traps observed in the past, such as scams and carpet prints. While Folkman recommended that the ICOs are restored to their previous form, Sun has remained focused on the guarantee that the future of pieces even was built on stable and trustworthy foundations.
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