The ICOs MENACE and Future of Blockchain and Cryptocurrencies

I don't care who the team is of any particular shining project. If you are to do an ICO and you don't have an alpha product/version of the idea you're proposing yet make your ICO UNCAPPED, you are a greedy, incompetent opportunist.

And even if capped must not be bloated. That's why I love Binance Exchange CEO. He hates Big ICOs.

Many stupid ICOs (e.g Tezos etc etc) try to use Ethereum as excuse because Ethereums' ICO was uncapped but if you look at Ethereum, you would realise they already had unrelenting developers working at the time to make sure the Ethereum project was successful. They already started something. And Ethereum didn't even raise 1/4 of what these recent ICOs are raising.

If anything, thank God BITCOIN didn't do an "ICO".

The novelty of ICOs are becoming abused.

Most ICOs nowadays come with shiny papers and tell you they have an "eureka" idea which most times is just bullshit.

I always say DON'T buy into promises, rather, buy into actual product/services.

I don't blame China for banning ICOs. Honestly, I don't. Other countries will follow suit soon and it will be only the third world countries that will be buying then.

There has to be a decentralized system within the crypto space that scrutinizes ICOs before it passes on to the general public. You should have a useful testable alpha release before requesting for money from people to further develop your glamorous idea that you can't fund yourself.

In any case, you the gullible prey if you follow the caution above, you won't be dashing money to opportunists leveraging on the crypto boom.