Ethereum founder says 90% of token startups will fail

Ethereum co-founder Vitalik Buterin reckons that nine out of ten token startups are doomed to failure. While widespread experimentation with tokens is a good thing, the current reliance on ICOs could prove problematic going forward.

Vitalik Buterin knows a thing or two about how to launch a cryptocurrency. At 23, the co-founder of Ethereum is widely considered to be an expert in the field, having written about the subject extensively before diving in and developing his own platform. However, Buterin is realistic about the prospects of the vast majority of initial coin offerings. Speaking at the ETHWaterloo hackathon earlier this month, he stated it should be an established fact in the cryptocurrency industry that most token startups will fail. Buterin estimates at least 90 percent are doomed…

Read Full: Ethereum founder says 90% of token startups will fail