Just read Bobby Lee Bullish On Native Crypto Like Bitcoin, Not ICO-Issued Utility Tokens

Bobby Lee Bullish On Native Crypto Like Bitcoin, Not ICO-Issued Utility Tokens

Bobby Lee: ICO-Issued Tokens Are Comparable To Blockchain Investments, Not CryptoThe debate between proponents of “pure” cryptocurrencies and ICO-issued utility tokens has raged on, with Bobby Lee, the former CEO of the BTCC exchange, recently speaking with reporters from Cheddar, an up and coming fintech news outlet, to discuss his opinions between the two individual classes of crypto assets. Discussing the matter, the longtime Bitcoin proponent, who was attending the Crypto Finance Conference in California, stated:“People, companies or investment firms can invest in Bitcoin and cryptocurrencies, [which are] native digital assets. And then there are things like tokens that are issued by groups, teams or projects that are supposed to back certain projects, certain development effort, certain applications. Taking this into account, as the BTCC executive alludes to, these so-called “utility tokens” aren’t decentrally distributed, with ICOs essentially rubbing salt in the wound that is situated right at the heart of diehard decentralists. Centralized, Bitcoin V.S.

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Wednesday, September 19, 2018