2)
CRAPEveryone is desperate to host an ICO to make money. Therefore, they are throwing anything and everything onto the blockchain, including the kitchen sink. They may not be intentionally trying to scam, but they think that they have a good enough idea for an ICO. But these will fail because the blockchain will not solve anything for them. Examples include ICOs that want to put 3D data (which would equate to hundreds of Terabytes of data) or 153 exabytes of medical data on a blockchain. This shows that they are clueless about the blockchain and have never run Bitcoins full node. Bitcoins blockchain is 120 GB and Ethereums blockhain is 200 GB and they are both having scaling problems.
Even though crypto veterans and fans would like it to be, the blockchain is NOT the panacea to every problem in the world.
ICOs are also throwing any kind of business problem that they can make up, into the ICO. If they cannot make up the business problem, they will exaggerate about it. They will fail because the business problem doesnt really exist, isnt significant enough, cannot be solved by a blockchain or they do not really have the solution, though they try to make it sound like they do with lots of technical jargon.
Swarm Fund cites this business problem:
You need large amounts of money to buy real estate and your money is tied down for an indefinite amount of time.
This is a lie and not a business problem. You can buy one share of a REIT, and there are thousands of REITs to choose from, and you can sell it one minute later. If they start off their pitch with a lie, what else are they lying about?
I have to disagree regarding Swarm fund. REITs definitely have their place as an investment to consider, but Swam takes this concept many levels deeper. Swarm is about much more than real estate, it is fully decentralized, members vote on the direction of the platform via a stake weighted liquid democracy system (already developed) with the first vote scheduled for a week after the ICO. It would be foolish to dismiss any ICO based on one aspect you disagree with or misunderstood. Not to mention that the whole idea of Swarm is to function as an agnostic platform where anyone can bring an investment opportunity to it and tokenize it. Just like Ethereum created an ecosystem for applications to be run on top of it, Swarm is doing the same but for any and every investment opportunity out there. I will definitely be investing on their ICO and using their platform, which by the way, already has a beta version out. Like any investment of course you have to do your due diligence but to call them liars is a bit of a stretch.