ICM vs Traditional Finance
Internet Capital Markets represent a fundamental departure from traditional financial systems, operating on different principles and serving different purposes.
Feature Comparison
| Feature | Traditional Capital Markets | Internet Capital Markets (ICMs) |
|---|---|---|
| Access | Gated, regulated | Open, permissionless |
| Asset type | Equity, shares, profit claims | Tokens tied to usage, belief, momentum |
| Listings | Legal-intensive | On-chain smart contracts |
| Price Discovery | Analysts, revenue, earnings | Liquidity + public attention |
| Hours | Business days | 24/7/365 |
| Identity | Verified, legal | Pseudonymous wallets |
| Governance | Shareholder-controlled | Community-influenced (optional) |
Key Insight
ICMs aren't a modern version of equity markets. They're a parallel system, reflecting internet dynamics through tokens, not contracts.
Traditional Finance
- • Ownership-based
- • Profit-driven
- • Regulatory compliance
- • Institutional gatekeepers
- • Legal frameworks
Internet Capital Markets
- • Participation-based
- • Culture-driven
- • Code-enforced rules
- • Permissionless access
- • Smart contract protocols