Start - up accelerator Y Combinator ( YC ) wants to explore how blockchain technology can be used to raise capital from a greater pool of investors through cryptocurrency networks . “Do I think ICOs are silly, bordering on scams? It is interested in how initial coin offerings ( ICOs ) can be used to help “ democratize access to investing ” , said CEO Sam Altman . ICOs must become more transparent , legal , and effective before they can be widely and safely used , said CEO . He also encouraged government increased regulation of ICOs .
Start - up accelerator Y Combinator ( YC ) wants to explore how blockchain technology can be used to raise capital from a greater pool of investors through cryptocurrency networks . It is interested in how initial coin offerings ( ICOs ) can be used to help “ democratize access to investing ” , said CEO Sam Altman . ICOs must become more transparent , legal , and effective before they can be widely and safely used , said CEO . He also encouraged government increased regulation of ICOs .