Right now ICO combines the legitimacy of seeming like an IPO with the security of code written by strangers on the internet, the virality of Twitter rants, the

Right now ICO combines the legitimacy of seeming like an IPO with the security of code written by strangers on the internet, the virality of Twitter rants, the promises of a budget spent producing concept videos, and the value of snake oil. Almost none of these ICOs are founded on a concrete product that exists. That's a shame because there is the germ of a good idea here, but it's mostly being exploited by opportunism. Some will walk away with fortunes, but it won't be the people buying. And even though I lean pretty far to the libertarian side, I think this space needs some serious regulation to protect people from themselves.