No more ICOs.
The dot.com bubble has long past the train station and it's hay day to lie in the sun are over. While it was a short run.
The SEC had to step in because it showed just how easily someone could just create a coin with no financial experience necessary and exploit people's unexperience in purchasing into IPO's or whatever background needed to do this successfully in the stock market.
It is just a quick cash n grab for anybody with a computer to do and they do not not even need to show any proof (what do you think these "whitepapers" they produce are any proof in what they are shovelling in your face is true?! Come on now get serious now! :-\ ).
So they are just a facilitating a new way to scam just like these individuals are doing with the Binary Opitions scams they were doing over the phone.
They just revised it to work in the cryptoworld and facilitate it in a more easier way for them to do it with out having to repeat themselves on the phone with their bullshitting and let the internet spamming processes send out their promotional material for them.
An even easier way for them to be even more lazier.
If that is even possible since they do not want to go out and work for living or even have the sense to go out and find a real job but have to scam people and rake in millions of dollars with their ICO schemes.
Just think about it.
One person can be running numerous ICO's at the same time. And the investors would not have a clue it was this same person that they are getting fleeced from.
The internet can make them "The man with a thousand faces!"
if you get what I am getting at. because anonymity can be achieved by anyone with a keyboard and screen.
RE: ICO Craze, Throwing away Money?!