 What's up guys? So in this episode, I'm going to be talking about two things. I'm going to be talking about blockchain scaling, and I'm going to be talking about how most of the ICOs are house of cards right now. So I just made a post. It was on Medium, it was on LinkedIn, and soon to be on Huffington Post. I'll leave a link below this video so you guys can check it out. And what I want to be talking about today is the whole notion of how a lot of people are promising that blockchain is going to deliver this. In reality, blockchain can only deliver this right now as opposed to that. Okay, so there's two big issues right now. The first big issue is a scalability issue. For example, when you think of how a blockchain works, for example Ethereum, which everyone's building their ICOs on their ERC-20 tokens, Ethereum runs roughly about 14 transactions per second per node, right? And with an ERC-20 token, that is cut in half to 7 transactions per second. So let me ask you this. Imagine trying to run Facebook on that. That's not going to work. Imagine trying to run YouTube on that. That's not going to work. No big major company can be built on top of Ethereum as of today. So then when you see all these big ICOs that come around, like, hey, you know, we promised to do X, Y, and Z. In reality, the technology is not there yet, and we have a long way to go before we get there. You have to understand how these open source tech works. For example, Bitcoin and Ethereum, how a decentralized open source blockchain works is literally every node, you know, every participant, part of the network, has to have the full copy, the full client, all the information of the blockchain. And any single time there's a new, say, iteration to it, they've got to download and update it. So all these big, all these nodes are constantly updating a lot of data onto themselves and it's slow and clunky. A trade-off between having a decentralized open source platform like Ethereum and Bitcoin, it's slow, but security is good and censorship is good, right? So right now that's a big issue and we are, I would say, minimum two, three years away before we see some legitimate scaling solutions. For example, we have Plasma for Ethereum, but first we've got to see proof of say who knows how that's going to go. We have the Lightning Network with Bitcoin. I have no idea when that's coming out. That's going to be at least a couple of years before we see the iteration of that coming out. For God's sake, we just had Segwit activate and there's less than 10% of the whole network using Segwit. Then we have sidechains such as Polkadot. That's a couple of years away from, you know, grand skillet thing. The nearest thing that we have today for sidechains is Cosmos, which is quite interesting project. So, you know, the reality is blockchain has many, many amazing benefits and a lot of people are over hyping it and the fact is it can only deliver this right now. It can't deliver all the promises right now. And that's why I think the majority of these ICOs are house of cards. They're built on technologies. First of all, that is not mature yet. We need time. We need proper engineers. We need people from academia to be focusing on very difficult problems. Problems like state channels, problems like proof of stake, problems like Lightning Network, problems like sidechains like plasma, problems like, you know, with Cosmos and tenorment, etc. As opposed to just focusing on creating dApps, you know, these applications on top of the protocol. It's like me trying to build a roof on top of the house and the house is not there. That doesn't work that way, okay? So, that's my little rant today. If you're looking at ICOs, please first pay attention to the underlying technology that's built upon, okay? I'll talk to you guys soon and peace.