[seibelj]

The single greatest risk posed by ICOs is the disruption of traditional fundraising. I agree that many ICOs are scams / infeasible but “the genie is out of the bottle” and having a new option for funding a company is certainly a good thing. Not everyone can call up a VC and get a multi-million check easily, although I know people who can do that. ICOs make fundraising much more democratized and fair, and once we have better accountability many issues will be solved.