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by codehalo 1276 days ago
That got its roots from the IPO. I hope you are not putting IPOs on some type of infallible pedestal.
1 comments

Yes but presumably IPOs have a business model and assets, quantified by audited financials that can be examined and evaluated against competitors.

ICOs were taking real money and exchanging it for tokens with no legally enforceable equity rights. It's GoFundme with a slicker landing page, but no oversight whatsoever. There's a reason they do that and it's not because doing it through the proper channels is impossibly onerous.