ICOs are where that action is going. I started by asking Liew - Snapchat's first investor - what he thought of the ICO arena, which to outsiders just looks crazy.
"It looks crazy to us too," Liew joked over guacamole and chips.
But there are diamonds inside that craziness, he believes, and the key is to ignore the noise in favour of the really solid ideas that offer buyers assets that have a real underlying value.
One example is Filecoin, he says, which lets users buy computer storage space on a decentralised server network. On one level, Filecoin is simply a credit that lets you buy a place to store your stuff.
But Filecoin can be traded like Bitcoin, so unspent Filecoin might - or might not - appreciate in value like an investment. And it can be cashed out for Bitcoin or regular fiat "real world" currency if you don't want it anymore. It's a digital credit that entitles you to a purchasable asset, but its value fluctuates like a currency. In other words, it could, therefore, pay off as an investment.
http://www.businessinsider.com/crazy-ico-bitcoin-millionaires-tax-2017-9
