I'm unsure whether your arguing with or against your earlier thoughts...  please construct your argument in a more concise way so that people can understand what you are getting at...

I see that your frustrated, but remember that Waves is still trading higher than its original ico value vs fiat...  no one has lost money yet.

16 million usd was raised, and now it's  worth 24 million dollars, that's a 50% increase in value over 3/4 of a year.....

Your anger is unfounded, it's not waves fault that you didn't refund your btc account.