Availability of capital accelerates innovations that would not havs taken decades to be achieved. This what what the current ICO bull market has done. It is easy for good blockchain projects such as SYScoin, WINGS DAO, and CoFoundIt to raise preliminary funding such that the developers can continue to pay for research and development.
investors whom took the risks early on and participated in these ICOs have been richly rewarded. The FOMO from new investors in the ICO scene has resulted in a huge inflow of capital, making it so much easier to raise $100million as compared to a year ago, where a $100million ICO would had been unheard of.
Think about this rationally for a moment, $100million is NOT what most blockchain projects need for their current stage of development. In fact, most recent ICOs aiming to raise a $100million are unjustifably raising too mucb money, and frequently their whitepapers would not elobaorate why such funding is required.
The main motivation for rasing $100million is simply because the founders can, and want to raise as much money for personal enrichment and the enrichment of their early advisors/investors as a way of funding their exit. These ICOs should set alarm bells ringing in investors.
I'm glad that so many investors have shown faith in the ICO markets, but please, as rational investors, do some due dilligence and question the amount raised by the founders. A good ICO should not raise more money than necessary. Question the founders on the sums that they are raising, find out what their motivations are.
Decentralisation requires that every individual do their part to check on the system, and ensure that the same irrational exuberance from the 2000 technology stock bubble does not repeat in the ICO scene.
A repeat of what happened in 2000 tech stocks in cryptocurrencies will set back innovation and development for at least 3-4 years.