It's like an honor system where you leave a jar of money on the table saying take one dollar.
Well.. all these guys here will empty it in a heart beat.
Morality is of no concern to these profiteers.
They want money and they want it NOW !
Even if it destroys Bitcoin / Crypto's potential.
I have always said it's the majority in control.
Since the majority are steering the ship they will run it aground for chump change.
Ideology in crypto died a long loooong time ago.. Ripple anyone ?
Uhhh ? *ANY* ICO ?
ICO = SCAM.
I have thought it happened because the dev's could not think of a better system than Bitcoin or the block-chain concept.
So they simply diverted attention from creating a better CURRENCY to block-chain associated SCHEMES ..for profit.
The users in crypto are so fucking stupid it didn't even occur to them that there may be a better system than "the Block-Chain"
But who's looking ?
ICO a "ledger" and trade it on Polo for ROI's ?
The #2 coin in crypto is not even a fucking currency for christ sakes.
It's real simple.. CRYPTO FAILED !
Bitcoin is fucked up bad and all the idiots care about is profits with ICO schemes etc.
I don't expect anyone to smarten up.. just to see more greedy stupidity until it pushes things to the breaking point. (which is why i deem it "stupidity")
thankfully there are still some projects I consider to be good like monero and the upcoming mimble wimble (as long as mimble wimble doesn't have an ico that is lo)
but yeah if people keep steering things this way it doesn't just end up looking bad on them but it makes bitcoin and real innovation look horrible as well