ICOS that are rip offs- are rip offs...
What about ones that are not?
No one needs 100 million to start a company that has no legs...
My thoughts exactly. So, where are the ones that are not? To my naive mind, ICOs look like a way to rake money without getting one's company ownership swayed as it would be with VC. I'm glad they're being regulated. Want capital? Gimme stocks, so I own (at least part of) what I paid you, so I can vote if I paid enough. You give me these sumthincoins and if (when) value goes to zero, we're good? Meaning YOU're good and I'm out of luck? No way.What about ones that are not?
No one needs 100 million to start a company that has no legs...
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The free market would have gotten there on its own- personally I would have liked to have seen it -I am sick that way.... but no! the regulators will step in (In China- USA and Europe) and regulate these ICOS
The market was being too slow for the taste of those in power. And for once I agree!Most of these ICO spewing companies don't even need to use blockchain technology for their operation. It's just a way around the SEC or other similar institutions.
Sorry for the rant, nothing personal really. It's just that this thing with premined shitcoins really grinds my gears.