I 'm going to go against the groupthink here and suggest that if these companies had done ICOs instead of IPOs , people could vote with their feet against the

I 'm going to go against the groupthink here and suggest that if these companies had done ICOs instead of IPOs , people could vote with their feet against them by walking away from their currency. The way the current financial system is set up, these companies have their market caps because the state a) protects the currency and b) heavily regulates where and how people can invest. As the sibling comment suggests, the system incentivizes the status quo