> but most of them were also not scams [...] most ICOs were not put together by scammers, and many of them have made an honest effort to produced technically

> but most of them were also not scams [...] most ICOs were not put together by scammers, and many of them have made an honest effort to produced technically advance systems As someone who's had the misfortune of finding myself at events offstage around many famous practitioners in this space... I cannot say I agree. It's my experience that only a small minority appear to have remotely credible beliefs in their prospects. The best I could say is that many appear to be indifferent to the prospects of success for their headline venture, but extremely interested and invested in their success in collecting investments from unsophisticated buyers. Many I've witnessed are outright contemptuous towards the victims that buy into their offerings. You can see this contempt reflected in the contractual terms of the ICO offerings which go out of their way to make sure that absolutely nothing of value is transferred with the sale of the token. You'd have to be either an idiot or simply ignorant of the terms to accept them in virtually every ICO.