Visions of Blockchain Magazine Visions of Blockchain Pillar Unepisode | Page 24

There are a lot of scams out there.
There is a lot of fishing, a lot of theft,
and that’s why we’re working with re-
gulators to control the situation. At the
end of the day, the regulators are, at
least the regulators we’re working with,
only worried about one thing:
How do you protect investors.
It’s crucial.
I read a report recently that says that 80
percent of the ICOs in 2017 were scams.
I’m not sure I buy that.
We know there were a lot of scams,
much more than there should be, and
we have to be careful.
We have to create this innovation in
a way that is positive for our society,
positive for investors, and positive for
contributors. Again, it’s not black and
white.
There are projects that need security
laws, and there are projects that can be
utilities.
It’s not a bad thing, but you have to
apply the right tool for the right job.
So that’s all we’re saying.
We’re pragmatic and at the same time
we want change. That’s important be-
cause, we are entering a new wave. You
have, like me, lived through the early
days of the internet.
I’m 41, and missed the early stage of the
Internet.
I think David was the world’s first web
designer, in 1993 or 1994, and was te-
aching companies about HTML and so
on in San Francisco...
„What is this thing called internet?”.
At that time, there was this wave of
new things, and it’s the same now with
decentralization, and with Blockchain.
We’re really entering the second pha-
se of the Internet. The first phase was
all about the exchange of information,
and now we’re entering the exchange of
value.