ICOs being used as a scam?

in #crypto7 years ago

What company needs 100 million dollars to develop a coin... Bitcoin was made by someone unknown without asking for donations.

Ive came to the conclusion that 99 percent of these icos are just scams a regular start up company would just need a couple hundred grand to start a new company aka coin probably less then that, it can be created for free and they're getting 10s of millions of dollars for ideas not even finished products.

They don't have any incentive to work on their product after the Ico anyways, they already became millionaires over night and never have to work again.

https://www.reddit.com/r/CryptoCurrency/...ything_at/
~ "Etherum has turned into a scam Ponzi scheme platform."

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