much appreciated you for clearing it up.I truly dont see how individuals pick their speculations once in a while furthermore, its tragic when you see a shitty ico makes millions when genuine coins dont get enough consideration
Couldn't agree with you more.
Tezos is a great example. There was nothing earth shattering about what they wanted to do: better governance and formal verification. They could've built it for less than $10 million, but investors threw $200 million at them.
https://www.coindesk.com/tezos-founders-ico-controversy-will-blow/director of development at Digital Currency Group, and herself a Tezos backer, asked why the project ended up raising more than 20 times the $10 million the couple had initially envisioned seeking in September 2016.
What's ironic is that Tezos' team cannot govern themselves:
Early in the session, the Breitmans said that one of the reasons they started the project was to solve the governance challenges faced by bitcoin.
Later, during the discussion of their own governance problems, Kathleen smiled and told the audience:
"We appreciate the irony of the situation."
Tezos was one of the most over-hyped and over-rated projects I've ever seen in my life. Investors got snookered and overpaid. If they gave that $200 million to 20 projects instead of one, we would have many more good products to use.