CoinDesk reported on some comments by Joi Ito, MIT Media Lab Director
Ito told the crowd:
“The problem is we’re creating a system where people can pump or dump and speculate. Anyone who has issued an ICO needs to sit down and meditate: are you making society better? Or are you making money unfairly?”
In contrast, Ito framed the “whole point” of cryptocurrency as being about using technology to prevent the societal ills he believes have resulted from economies defined by government-issued currencies and the financial institutions necessary for their use.
November 6, 2017 at 01:52PM
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