[WikipediasBad]

What real world value? What does that even mean to have "real value"? Selling advertising now has "real world value"? How? FB allowing people to bid on eyeballs of random people surfing their site has as much real world value as pieces of paper with dead presidents on them (or imaginary coins on a blockchain). The only reason it has value is because we agree it's valuable.

[anovikov]

Well Facebook stock actually means owning a part of Facebook. Owning coins mean nothing and that is openly stated in every ICO whitepaper.

Also Facebook makes real world revenue and profit. Almost no blockchain startup has, or even builds, or even plans to build, a product, and almost all of their declared products are at the very least, impossible due to network scalability limits, or for the most part, even ridiculous by themselves. Plain fakes, exist only as words.

[alexasmyths]

"What real world value? What does that even mean to have "real value"?"

The credibility of their business to generate future profits as decided upon by investors who investigate their markets, the credibility of their team and execs, etc. etc..

Most ICOs are done because those companies would not stand a chance at raising actual money - by people doing real due diligence.

Doing an ICO is in fact, a pretty string signal that there is something not good about the situation.

In Kik's case, well, they have maybe 3 million daily actives, and it's slowly dying, nearly zero revenues. Can't do an IPO. Should make you wonder about putting money into a currency that is dependent on their 'ecosystem'.