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What a huge money for ICO!

An ICO with a lot of problems that annoyed thousands of people. See discussion of flaws over here:
https://steemit.com/cryptocurrency/@globalvanguard/how-status-im-screwed-up-their-ico

I congratulate them for having such a successful launch, but it was irresponsible for them to have taken on so much money for what is essentially a glorified blockchain enabled messaging app. Sure they will be opening the door for other blockchain initiatives to become compatible with smartphones in the near future, but does that really cost $270 million?

Well said sir. Sometimes the solution to a problem is obvious, but who has the guts to grasp it first.