This is why ICO s suck.

This is why ICO s suck.

 They are basically the old stock market scam  where a few people get in early and they use the retail investor not as a  co-investor but rather as their exit strategy.

The beauty of  original coin mining was everyone got in at the beginning at the ground  floor and had an equal chance to participate in the rise before the hype  or success of the coin. 

There was little risk to early participants  other than their electricity. 

Furthermore because it was mining there was  no legal snag with "accredited buyers" or international laws for the  most part and even the poorest person could get a piece of the initial  action and appreciation of the coin. 

Founders kept a premine and saw  their equity rise as the coin was adopted.

 Coins got up and running to  some degree and then founders made improvements that everyone saw as  they were rolled out.

Also if a coin is at mining stage then it is in some form of functionality and not complete pie in the sky.

ICO's have turned that on its head. Now  ICO'S have changed the game and many people who would have created  mined coins or at least done airdrops are now going to ICO'S which are  high risk for investors because you are trading something of current  value for just a wild ass guess of speculative value on some new thing  that doesn’t exist.

I am always looking for new coins to mine but f#$% ICO'S.  

I  have never been a fan of regulation but if SEC is going to do it I  think they should only regulate ICO's and not mined or airdrop launches  because in a mined or airdrop launch the early "investor" is actually  not an investor but an active participant in making the value of the  coin.

People should be able to do what they want but ICOs are stupid.

Find  early coin announcements and mine. Then when others are selling coins  and trading coins the value will have some relationship to actual real  world use and participation by a number of people involved at that time  and buyers and sellers will be able to stage their own entry and exit  points at points on an adoption curve rather than on blind speculation  at a hype plateau just before an ICO.