Quote from: leea-1334 on March 12, 2018, 09:30:07 AM

By your own definition, not all ERC-20 tokens are shit,,, they need to be securities to not be shit right? To be honest, I have one ERC20 token that is precisely a security, or at least, when it started out it was supposed to work like one. Of course, if the company just disappeared, I would be left with zero, but they were supposed to distribute profits according to shares of tokens owned. Well, it almost happened, but then they had to change their tokens to utility instead of security, so I sort of got screwed over.

I do not like utility tokens, because they create the use, and none of it is "real".

Glad to hear you also get it now.

To all the other shit replies: If you invested in Google or any other fundamental tech startup at the time you would have made at least a x10. In Google's case a x30. Ever heard of angel investing? They also return x10 quite frequently, sometimes x100 or x1000. The only difference with ICOs and traditional investments is that we WILL get screwed over eventually with our useless ERC-20 tokens, myself included.

Also don't you dare use the pro-government strawman argument. If you want real decentralized tokens then these ICOs should be launched as proper DAOs. DAOs are fully decentralized and embrace the spirit of the blockchain, whilst conferring actual ownership of the organization with the tokens. Registered companies that are motivated by profit that issue us shitty utility tokens have nothing at all to do with decentralization or any anti-government movement. In fact they will comply with governments if they're forced to. DAOs don't have this issue. The majority of ICOs are not DAOs. Think of better arguments if you don't agree.