Thanks you for your reply!
Agree with you. But the problem i see is that ICOs are becoming all about satisfying the demand from investors for “sell me cheaper on pre-pre-pre-preICO, list on as many exchanges as possible, generate as much hype as possible so i can sell quick”, rather than building the real innovation. It can be sustained for some time, especially when crypto is growing, but what next?
- Positive: Collapse and then ICOs returning in a better shape - as DAICO, Iterative Investment or whatever else would be invented.
- Negative: It will be/continue to be a casino with a “fundraising for the first ever block-chain something” signboard. Not necessary bad on its own, but for me it is highly doubtful this is good for the future of the crypto or innovation. Eventually regulators will shut it down.
The truth is probably somewhere in between and market forces will be helping to adjust - so i’m not negative in general, but i feel this is a problem which needs to be fixed, one way or another.
In general agree that this will be better than what we have now, but the problem is that all this can be also bought. Upvotes, likes, etc - everything is for sale when we are talking millions of dollars. It would be very hard to tackle this problem in a current ICO model.