It is amazing just how much has been raised by ICOs over the past couple of months. As you say, much more than they actually need to complete development.

I see no problem with people being rewarded for innovative ideas or hard work, but... if it's an ICO then they haven't created anything yet!

There was even a 'Useless Ether Token' created, which publicly stated that it has no use at all. And guess what, people are trading it! Why, it's of no benefit. Just proves that you can get money for nothing in this space at the moment, which is a shame.

EOS I'm not so concerned about, although it continues to raise lots of cash. It has Dan Larimer onboard, which says a lot. They will produce a product and it has the potential to be big.

Yes, they are selling Ether to fund it, but I see that as a temporary price reduction, which means we could buy Ether at a good price.

Tezos worries me though. Lots of BTC and Eth, seemingly arrogant folks in charge with no real experience in creating their own blockchain...