This, along with Ethereum, are nothing but more super hype IPO scams. They sell it as the next big thing, and they end up never finishing the project because its too ambitious, that is if they ever intended to finish the project tho. They'll end up claiming bankrupcy while keeping all the BTC they sold somewhere.
Literally the only big project that is Legit with capical L is Maidsafe. You can trust David Irvine blindfolded but you can not trust that Russian punk.
Factom has been as open and transparent as we can make it. The Bitcoin we are raising is paid out only after making milestones that require full delivery of the project.
I would study up on Factom and many of the other projects before making such blanket statements.