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RE: Another Ethereum ICO goes haywire… begs the question, why not just roll with Ether?
I don't see much point in all these icos as an investor. I did invest in the DAO and learned my lesson the hard way. I rather invest in something that already works unless the creators ask for a normal amount like the zappl team did. That is something I can support.
The last time I bought eth it was $14. As always buy and hold proved a good idea. I do really wonder if they can make the whole thing scale. I used to be all over the reddit reading about eth everyday. They do have a lot of businesses supporting them. I think that fact alone will make the Price go up. But it's all speculation at this point. Now steem has my full attention. It works and has a great community and I can see were it's heading. Works for me.
I agree. Simple questions like how much do the devs need and what will they spend it on seems to go out of the window with ICO.
It's crazy, isn't it, to see such huge sums of money being raised?
I saw a new music-related ICO today, attempting to raise some huge sum of money.. I won't name it.. but it was a three person team with basically no experience and a generic website, promising the world with absolutely no software and just a single image to show. Meanwhile, Bittunes has a fully functional version of their software, already running on Bitcoin, since 2013!!
And then LBRY is fully functional and quite impressive with just 500k of VC funding and no ICO at all...
Investors have to be very careful and picky right now. I think we'll be seeing a lot of ICO disasters in the coming months and years.
Exactly, it looks like a bank robbery to me.