Okay, fair enough, maybe my comment was too harsh and I should have said: "Because they are probably usually cleverly concealed scams..".
I did not mean to say this one definitely is a scam.
Just getting weary of what seems to be becoming an emerging trend, "We will do all this cool stuff, just give us ___ BTC". IPOs that offer nothing first other than a good idea and a list of bullet points are essentially asking for funds (in this case one million euros, not a trivial amount) for just that - an idea and a couple of parameters.
Most investors in my experience will say to you, "You are trying to sell me an idea for one million euros, but you actually have nothing yet - no code. If I really liked the idea why wouldn't I just go and do this myself? You are essentially asking me to invest one million euros in you, and I don't know you."
I fully agree with you that this is an idea. But Namecoin is allready reality, so what we say is not far from reality. Also with the product that we offer we are looking to give domain names to the other 6 billion people out there. Heck we will even provide TLD to big companies, if you think one million is a lot. Companies are willing to pay Icann $100000 minimum for a TLD and they allready got thousands lined up. The client wallet will come with 2FA by default and there are more security features.
If you like the idea your free to do it yourself we like competition and it's only good. True we are asking a million from people who don't know us and we don't know them. But it's actually about the product and that it's delivered with the improvements that we talk about. Companies/products are not made for free, everything costs money. Developers cost money, even free services cost advertisers money. What we will absolutely NOT do is waste money. The 1 million that people pour into this, is an investment that they will see returns from within 5 YEARS. ABSOLUTELY DON'T PUT YOUR MONEY INTO SOMETHING THAT YOU DON'T BELIEVE.
Sure everybody can do what we do, but I bet they won't do it with the same creativity.