3 ms·

I assume that the VC investors actually bought a stake in the company? It's misleading to lump them together with the ICO investors, who are buying nothing more

I assume that the VC investors actually bought a stake in the company? It's misleading to lump them together with the ICO investors, who are buying nothing more than a vague, non-enforceable promise (see any ICO terms & conditions, you have absolutely no rights or ownership as a coin holder)

659087 9y ago
Many of the ICOs flat out stated that the tokens you're receiving entitle you to absolutely nothing, and hold no value, but somehow people have convinced themselves that the people behind these ICOs are going to give them something in return out of the goodness of their hearts anyway.