Forum. The year 2017 of crypto-currencies has been marked by the Bitcoin, but also by the spectacular development of a new mode of business financing : the Initial Corner Offerings (or ICOs). The ICOs allow companies to raise money, not in exchange for shares, but in exchange for ” tokens “, tokens in English. Since the beginning of the year, more than $ 3 billion have been raised so.
The Initial Corner Offerings (ICOs) could lead to the competition of capitalism by the “tokennisme” for whole sectors of the economy
In a very strong increase compared to 2016, this figure has raised a necessary debate around the regulation of this mode of fundraising – debate all the more necessary that one of the agendas of the philosophical original of these ICOs is part of a logical libertarienne : it was, thanks to technology, open to a much larger population the opportunity to invest in start-ups with high potential “.
Opening both geographical (in globalizing the target audience) and socio-demographic (by opening up investment for small holders, until then, been protected from such risky investments by the current regulations). The questions of the legitimacy, usefulness and the reality of this opening are raised and discussed.
Doubly overshadowed by these issues and by the buzz created around the Bitcoin, a revolution is much more fundamental, however, is perhaps in preparation. Rid of these logics libertariennes, better regulated, and if they are structured in a very precise manner, these ICOs may in fact lead to the competition of capitalism by the “tokennisme” for whole sectors of the economy.
A competition of capitalism
What is the tokennisme ? It is an economic model that is new, enabled by the technology of blockchain. If tokennisme and capitalism agree…