A reminder about ICOs...as the concept of crowdfunding will impact Space funding

While 98% of ICO were scams, they demonstrated an important moment in history:
1️⃣ Social Media - for instance Twitter (now called "X") was launched in March 2006 and wasn't the townhall of humanity during the 2008 Great Recession. Reddit, Instagram, Signal and Telegram are also teenagers to the human experience, and mere children when combined with crowd mentality and investing.
2️⃣ Viral Economics - Humans being humans and making investing decisions based solely on something they heard... on social media. Now a days #ViralEconomics moves at the speed of thought and thumbs.
3️⃣ Bitcoin - launched in response to the Great Recession, the Church Of Bitcoin took over a decade to find it's followers and for them to split off into the Church of Ethereum based ICOs of 2016.
🦄 These factors all came together to completely ignore the JOBS Act (regulated crowdfunding) and instead let humanity revel in unregulated fraud in the form of #ICOs. Hence why 2016 - 2021 was an epic time of unregulated, crowd funded euphoria where frauds and scams spring up like $6M dollar NFTs and Bored Apes.
Be sure to join us next year at UNH Franklin Pierce School of Law Summer IP Institute when we probably break down what "X's" move to be a fintevh means to viral economics, capital formation and how #crowdfunding is poised to philosophically and practically break VC's ivory tower on financing.
George Pullen #IPSI