"IPO is not a way to distribute currency" is just an opinion.
No, it's not just an opinion. The person that runs the IPO can create as many fake accounts as they want, send in 10 BTC with all of them, get 90% of the coin issued, then all the BTC money goes back to himself anyway. So the coin issuer not only gets as much premine as he wants, but also profits from anyone else that sends him money. You couldn't invest in a more idiotic scam no matter how hard you try.
The only valid form of IPO is maybe proof of burn like Counterparty did.
I've been thinking about counterparty more often lately, not exactly as a coin for investment, but more just thinking about these user-created assets.
I've been thinking that these assets might be very interesting as a speculative tool. As I understand it, the protocol includes the means to trade any counterparty asset for any other.
This seems to allow for a complete abstraction of bitcoin into what could become the currencies that people actually end up using. Everything can be tied back, or tethered to bitcoin, similar to the way that government currencies were once tethered to gold.
I just haven't heard much discussion of xcp in here and if anyone has any strong ideas or feelings about it I'd like to hear them. Thanks.