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Charles Hoskinson, who helped develop ethereum and now runs tech research firm IOHK, is part of a growing chorus of blockchain watchers voicing concern about the rapid surge in prices and ICO sales - he believes that the SEC is likely to rule the tokens to be securities and the industry will have to do things differently.
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“People say ICOs are great for ethereum because, look at the price, but it’s a ticking time-bomb,” Charles Hoskinson, who helped develop ethereum, said in an interview. “There’s an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money.”
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