As a victim of one of the least obvious and blatant crypto-funding scams, I think it's about time someone asked the question about whether half of these ICO's are legitimate or not. Who was going to do this?

I don't enjoy the freedom of decentralised cryptocurrencies that are run like absentee landlords run their rentals. That's aimed squarely at Steemit, by the way. As a former witness and having attempted to get RPC nodes up and running for more weeks of my life than such should take, I don't feel at all like this is something I will miss.

The best bit about this is not the intervention of the State, the bit I like is, now cryptocurrency developers have to really do their homework before they start spouting about what they are gonna build. They will have to fund more of their development work, with their own sweat equity, instead of having it dished out by the shovel-load by ignorant 'investors'.