Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world. According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto trading app Robinhood, nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills: Historically, 99% of crypto projects are garbage run by unqualified idiots, delusional but below average founders or grifters... the 1% that are not, could change …

Minimal launching costs and the ability to solicit crowdfunding from virtually anyone in the world with ease have been identified as the main reasons why startups are embracing the Initial Coin Offering (ICO) model as a fundraising method. Whether one represents an established organization or a group of college graduates with an innovative idea and little start-up capital, ICOs offer a level the playing field. ICOs are currently preferred to traditional methods President and Host at Blockchain TV, Jason Cassidy, explains that promising projects are taking the ICO route over the traditional venture capital path because of the low barriers …