I am likewise astounded by the number of people who invest in injust promises. Most IPOs are not that, these are just calls for investment without showing anything in return. Most companies that do an IPO have verifyable knowledge, a solid plan, and usually a guy or 2 you can sue if they screw up or disappear. Not so much in cryptoland, where we just get a one-page post of marketing ramble, and folks send their bitcoins to them. I can create 5 IPOs before lunch, and automatize most of it if I want to.

There's too many fools, and they still seem to have money. I'm not against regulation to protect them, but don't think it's the solution either. Inform them, gather statistics (some here shout 90% of IPOs is a scam... few aren't, the coin just didn't rise above 1sat long enough. They still have the IPOcoins, but those are worthless now. Scammed? Nope. Although it feels sour)