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RE: Why I hate referrals
Yes, but that's only because the US government treats cryptos like property so they can get more tax from it. ICOs are only a way of raising funds for cryptos and are just like IPOs. The problem is only Bitcoin and a few of the top cryptos will ever be treated or used as currencies.
I see ICOs as the justification the US government is using to classify crypto as a currency and regulate it as such. If it were treated like a currency, we'd be having a different discussion.
Also, the US tax system needs a serious overhaul. It's WAAAAAY too complicated.