On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.
On the other, they bring a whole new dimension to crypto that we have never seen before.
It is just such a shame they are almost always pump-and-dump scams.
On the other, they bring a whole new dimension to crypto that we have never seen before.
It is just such a shame they are almost always pump-and-dump scams.
I agree with your second comment. ICO's are really helping provide exposure and creating new businesses that are leveraging blockchain technology. It's a great thing for the overall industry.
However, I do think it's fine to have scams. Anything worthwhile, will always have people trying to take advantage of the situation. We can't prevent scammers just like we can't prevent stealing, robberies, etc.
But it is OUR responsibility to not invest in the scams and warn the community so that the scams are minimized as much as possible and do not impact the community itself.