[sp4ke]

Tell me how is this objectively different than VCs ? Other than it's now available to everyone instead reserved to the elite ?

In both cases, you are well aware most of your investments will fail and you're expecting one 10x or 100x that will make it up for other losses . aka gambling ...

[rocqua]

With VCs, there is reason to believe that the expected value of your total investments is positive. With ICOs, the claim is that many people mean to cash out by selling before the bubble bursts.

[sp4ke]

>>> there is reason to believe that the expected value of your total investments is positive

Hmm, I wonder if the zero interest rate "trickle down" free money that is keeping stocks artificially inflated has anything to do with this assumption ?

>>> With ICOs, the claim is that many people mean to cash out by selling before the bubble bursts.

Yeah totally not the same as founders rushing to growth with bullshit things like "growth hacking", then rushing to exit to cashout before everyone realizing their business is not actually solving a real problem. ( like all the messenger apps/chat bot frenzy of last year)

[im3w1l]

Keeping things to the elite is unfair to common people, but it is also a pragrammatic way of protecting stupid people from themselves.

[sp4ke]

Ah the famous "I know what's good for you" argument that was used the same way by the church to forbid access to book printing ! I think these coming technologies will prove all people can think for themselves ;)