What about ones that are not?
No one needs 100 million to start a company that has no legs...
Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL.
There is a difference.
Regulations are one way of working this out - to some degree - dirty word.
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
For all the other "projects" the market will STILL find a solution - they will still be a thing...
There will be two pools- regulated and unregulated.
For better or for worse.
As above so below
(As long as there are two markets I am happy that the regulated one is being born- and there is no way on gods green earth it is avoiding the trend...of the influence of blockchains and digitisation and ultimately to some degree democratisation - though the barriers to entry for companies wishing to raise funds will be higher- but the mechanisms for the average joe or average Zhang to invest - will be greater. As the Chinese love to gamble and invest- I see them engaging in this new regulated ICO market with vigour and enthusiasm)
Or something
(Also any serious Zhang worth his salt will be running investments through a fund in HK or Macau
