Yeah I have this sense that the hammer is hovering over some of these peoples' heads and we are about to see mass arrests. Some of these are flagrant scams with

Yeah I have this sense that the hammer is hovering over some of these peoples' heads and we are about to see mass arrests. Some of these are flagrant scams with very identifiable names attached to them. I'm sorry but if you raise capital for a venture it is not your money, and if you behave as if it is you are committing a crime. If that does happen crypto will crash. The crash will bleed over into Bitcoin too because sheep. In the long run it might be a good thing. Maybe ICOs will get re-invented as something more reputable. I know Naval Ravikant (AngelList) is involved in a project to create a reputable sort of ICO vehicle patterned after the SAFE and he has an excellent reputation. I feel bad for the people right now trying to do legitimate work in this space and having to compete with a bunch of obvious cranks and fakes.