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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.
“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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