ICO If you thought the fintech "revolution" was cooling............Forget about it!! There are so many alternative uses for a technology that may have started out in one direction

BUT found a different application that is just

HUGE

. Like financing. Think

ICO

. If you don't know what that is, here is a super read. Very exciting.

(Bill Taylor, CEO)

"Since writing about bitcoin rival Ethereum and its visionary creator Vitalik Buterin for Fortune’s 40 Under 40 issue last year, the market for alternative currencies, or digital tokens, has exploded. There’s arguably no hotter (and more bubbly) trend in all of financial technology than the ICO, or initial coin offering, which allows startups pushing blockchain tech, an accounting innovation that replaces middlemen with ledgers shared across decentralized networks of computers, to host crowdfunded sales of their own invented monies...

On Friday, I spent the day at the Ethereal Summit in Brooklyn, which brought together a motley crew of blockchain acolytes to celebrate the cultural movement—and it is one—around Ethereum, a system that proponents hope will re-decentralize the Web, taking power away from present-day brokers like Facebook (fb, -0.37%), Google (goog, +0.66%), and Amazon (amzn, +0.16%)...

Joseph Lubin, CEO of ConsenSys and co-founder of Ethereum, was, unsurprisingly, bullish about the ICO gold rush. "It will be responsible for a great thawing of capital," he told me, referring to the ability for people easily to buy and sell the tokens that fuel ICOs. Token holders can trade these assets online at any time, unlike traditional venture capital investments, which are often locked up until a company is acquired or holds an initial public offering. Despite concerns about the legality of ICOs—are tokens essentially unregistered securities?

(blockchain proponents say no)—Lubin noted that U.S. regulators are hesitant to crack down on the nascent sector for fear of crippling its potential. "They've got one eye open," he said of the enforcers.

Source: Fortune