https://www.forbes.com/sites/jasonb...nd-all-other-cryptocurrencies-down-heres-why/
"many of the aspects of blockchain that excite the cryptocurrency world depend upon permissionlessness. Without it, all we have is a secure distributed database technology – which might very well come in handy for real business purposes, but falls short of supporting the excitement around cryptocurrencies today – including the buzz around initial coin offerings (ICOs).
Enjoy the world of permissionless blockchain-based cryptocurrencies while you can, because its days are numbered. And don’t lose your shirt when it all comes crashing down."
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