Yes please, you speak from my mind! Carve this into the stone.

ICOs seem to be "the new black". Well are you surprised? Who wouldn't wanna get paid before the work has been done?

I don't mean to be hating these projects, many are solid and really interesting.. but do you really need $100M? I don't think so. As one redditor nicely put this:

Ok... So Tesla started with $7.5M in funding, and SpaceX with $20M. The first was to revolutionize the car industry and maybe save the planet and the second was to build rockets and eventually getting us to Mars. VS. ICOs raising 100 millions to build... messaging apps. I'm I missing something ?
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I'm still launching and crying at the same time..