ETH proved a use case of raising capital. Every year foreign companies pay hundreds of thousands of dollars, to the SEC, to be allowed to raise capital on the US market... ETH provided the same service, in a decentralized way in a couple years of existence. That is an INSANE use case.
The fact that so many companies did ICO's provided start-up capital to develop the ETH platform further.
I think that's being underestimated.
Most ICO´s are not allowed to sell their Tokens in the states, because it would circumvent their legislation.
https://www.geekwire.com/2018/sec-orders-cryptocurrency-companies-return-money-ico-investors-ground-breaking-settlement/
It is surely possible, but Ethereum is not really excelling as a fundraising platform.
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because government, your argument is a detraction to your position.
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Yeah, that true in the USA. But foreign markets could do it. Also, I'm not sure that won't change in the USA
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