> If ICOs are a fraud, then surely our entire financial system is a fraud because there is much less transparency and honesty there. Well... I'm not against IC

> If ICOs are a fraud, then surely our entire financial system is a fraud because there is much less transparency and honesty there. Well... I'm not against ICO's, but as bad as traditional finance world is, there are a lot more controls than in ICO's. For example it is quite easy for ICO organizers to buy their own tokens using their own money, without anyone knowing about that. So they can actually pump their own funding round up without that costing a dime - they just get the money themselves, and additionally they can also sell the tokens on aftermarket. With traditional markets that kind of tricks are much harder to pull off.