If token issuance looks like a claim on the future value of an enterprise, that is true. The problem is, among the scams that have emerged from what can be called the token-layer of the crypto hierarchy, investing in unproven applications (ideas) is the most prevalent.
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https://cryptodaily.co.uk/2017/11/icos-not-bitcoin-bubble/Theres a lot of ico's are scam so idont know why people says that bitcoin is scam? Lol bitcoin is not a initial coin offering ! This is why some people says bitcoin is only a fraud scammers now are totally active so be careful.