Wow wiser! That was very well written but even more informative. Many of the ICO issues you covered, I've wanted to write about myself. I've been in VC for many different companies and industries. Crypto ICO's have always had me scratching my head of how they will ever pass a compliance and due diligence test. True, they are a great fundraising tool, but put the investor in way too much risk. If the ICO actually grants you rights to equity of any kind, then it's a security no matter how you look at it. That security sold opens up that millions of dollar project to a ton of liability. Liability an institutional, VC investor is not going to touch. Rightfully so. Then if there's a blanket statement essentially saying the token is worthless, donating is the correct term. Until we get some definitive SEC guidelines on ICO's, it's a huge gamble buying into these new coins at the moment. Some people will get out before they fall, most I have a feeling will not. Which most of crypto and ICO's are purely a gamblers paradise, and is why people throw their money at crap coins to begin with...to ride it up and get out before the next guy. Rinse and repeat.
I'm not against ICO's in theory, because I believe a proper, structured fund raising solution in cooperation with blockchain technology is what the future holds for small to large size businesses. Ultimately we will see crypto's as the new stock market where everyone one can participate. This is what will drive innovation and humanity forward.