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A controversy that ProtonMail, the encrypted email service, intends to raise funds through an Initial Coin Offering (ICO) circulates on social networks. The recent job offer of the encrypted email provider on a website has fueled the debate.

A platform based on the Blockchain

A job offer dedicated to Blockchain developers and specifically related to Initial Coin Offering (ICO) has been published. It refers to the "achievement of a successful ICO" and to an "expert in the development of Ethereum's intelligent contracts. " "We have some exciting projects related to the Blockchain for the future. You will join our team to lead these projects, which should make the Blockchain easy to use and empower millions of people around the world. "

ProtonMail has already signaled its intention to raise funds "by selling shares directly to the community" last April. However, his announcement was not approved. According to the explanations published on Reddit :

"First, the first investors in promising projects often get the best returns. The community is actually the biggest supporter of ProtonMail, so it would be appropriate for the community to get these returns. It's better to have all the gains from random outside investors that are motivated by greed and not by our vision of the future with regard to the Internet. " "Then, it allows us to obtain significant capital, which will improve the products according to the demand of the community. More capital = better products in the shortest possible time. " "Finally, creating a market for Proton shares allows existing investors to sell their shares to people who support us. This means that we can eventually come to a place where all actions are held by people who believe in our mission and who have the same goals as us. Proton can never be bought until the community refuses to sell. "

Mixed reactions

ProtonMail has been the subject of several criticisms from its users regarding the ICO project . The company is considered the largest secure messaging service in the world supported by MIT scientists and protected by Swiss privacy law. In addition, the reactions were all the more aggressive given the contradictions between ProtonMail's values and the creation of a cryptocurrency. Udi Wertheimer, a Bitcoin developer posted on Twitter:

"Since you seem to be intrigued by fraudulent business models, you might be interested to hear that I ask companies to tell them they do not need a Blockchain. "

https://twitter.com/lucas_lclc/status/1021290974637588480 Whale Panda, another social media user tweeted:

"It looks like @ProtonMail is planning an ICO. If this is not the case, I cancel my subscription. I know a lot of bitcoiners use it ... but maybe not for long if they go down that road. "

https://twitter.com/WhalePanda/status/1021375879342100481 The encrypted e-mail service Telegram abruptly ended its ICO earlier this year after raising $ 1.6 billion through two private pre-sales. What do you think of the ProtonMail ICO project? Tell us in the comments section below.

Posted from my blog with SteemPress : https://infos.link/protonmail-hints-at-a-possible-ico/