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by woah 3202 days ago
Your connection between developers keeping a large portion of the coins, and being able to "change the rules" doesn't make any sense. Developers keeping coins is actually very positive, and if I were to buy into an ICO, I would greatly prefer this. Otherwise the developers have no incentive to keep working hard and meeting milestones, since they already have more cash than they would be able to increase the value of their holdings by.
1 comments

The coins are worthless.

And the companies can make them more worthless at any time by changing the rules. Which they will, if they can get away with it.