I had a chance to sit down with Jeff Garzik, co-founder of enterprise blockchain firm Bloc during a lunch break at the Consensus conference last week in New York. The talk of the conference was initial coin offerings (ICOs), he said. TechCrunch provide an introduction in “WTF are ICOs.” What they do is enable investors to monetize the network effects a company can produce directly, which is easier to see in Bloomberg’s coverage of the Kik app

Here’s how Garzik sees the cryptofinance market development:

2015: Bitcoin is a dirty word.

2016: Blockchain proofs of concept.

2017: Cryptocurrencies are a noncorrelated asset class now accessible through organizations like the
CME Group.