Quote from: rokkyroad on June 26, 2016, 12:28:34 AM

Sadly, I doubt we have seen the end of ICOs. Scammers are lined up waiting to fleece the sheep of their hard earned money.

Wait till the "next big thing" arrives. People will throw their money at it like always.

They have an Achilles heel and I am about ready to put an end to this ICO nonsense (see my prior post upthread):

Quote from: iamnotback on June 26, 2016, 12:24:55 AM

Quote from: SuicidalTendencies on June 26, 2016, 12:20:32 AM

The bolded part in your response is exactly what ETH/DAO is. Not to say these maniacs can't push the price much higher in the future but the con will only last so long.

The way the insiders manipulate the market with these premined tokens is explained, and note the high leverage employed which means if they run out of tokens to margin with, it is like a house-of-cards and will implode to 0 in a heartbeat:

https://bitcointalk.org/index.php?topic=1524111.msg15340159#msg15340159

They siphon off BTC for as long as they can and high as they can pump it, then game over and they walk away with BTC and the fools walk away with empty bags.

Also some (including the Daoattacker) allege that the USGovt + MIT (university) are complicit in the ETH pump:

https://bitcointalk.org/index.php?topic=1413819.msg15343686#msg15343686