Depending on whom you ask, Initial Coin Offerings, or ICOs, are a scam, a brilliant new way for cryptocurrency companies to raise startup money, a sneaky way to get around securities regulations, or some combination of the above. What we do know for sure is that ICOs are garnering a lot of attention these days. China outright banned them last year, and the SEC recently launched its own “HowieCoin,” a fake ICO meant to steer potential investors away from scams.
With all this in mind, I had the pleasure of doing a highly interesting podcast to demystify the subject with Mercatus’s Brian Knight and Chad Reese, and Bloomberg’s Lydia Beyoud. You can listen to it here.