Im fine with competition, but a scammy looking ICO launched on someone elses blockchain isnt genuine competition in my eyes.
Gridcoin is built from the ground up, it has its own blockchain and although it might be a bit slower to steer the ship, we arent just passengers on someone elses ship.
The strengths of Gridcoin will win out in the end, versus all these tokens that just took a short cut, I suspect for get rich quick reasons.
However I do agree Gridcoin should not be complacent, these fundamental differences should be made as widely known as possible.