Coins from ICOs are in many ways like owning stocks, without all the headaches associated with buying and selling regular stocks. Less transaction fees, instant transfer of ownership - this is the new reality, and I love it!
you could say that when you are profitting from the ICO, but what if it turned scam?
have you ever wonder why so many countries against ICO? because it's hard to regulate...
companies, stock issuers, stock owners, investment managers and etc are all identifiable and must follow certain rules
all related parties must be registered and fully comply with centralized institutions
with bitcoin and cryptocurrency, the ideas are decentralize and anonymousity
cryptocurrencies and stocks are based on different foundations, but of course both can give you investment gain
now if you got scammed in crypocurrency, it is a lot harder for you to get your money back
and the ICO perps could get away easily, easier than those who were involved in stocks business