What's wrong with raising money? Is it more ethical to build systems while living of one's savings?
One of the reasons why there's is a lot of Ethereum-based projects currently raising a lot of money is because token-based systems avoid relying on the traditional financial system for payments and value transfers. If your app is using traditional payments it can be shut down by your payment provider.
Blockchain-based tokens allow users to be in control of their own funds and not have their payments tracked or tied to their identity. I'd say that's a pretty big win.
Moreover ERC20-based tokens allows for engineering of incentives in a way that is far more efficient than company shares. It can accelerate network effects in a way that was simply not possible before blockchain technology.
One of the reasons why there's is a lot of Ethereum-based projects currently raising a lot of money is because token-based systems avoid relying on the traditional financial system for payments and value transfers. If your app is using traditional payments it can be shut down by your payment provider.
Blockchain-based tokens allow users to be in control of their own funds and not have their payments tracked or tied to their identity. I'd say that's a pretty big win.
Moreover ERC20-based tokens allows for engineering of incentives in a way that is far more efficient than company shares. It can accelerate network effects in a way that was simply not possible before blockchain technology.