The author provides a good framework to be critical of crypto assets. I agree with many of the author's points. You also make good counter-points.
Do you think ICOs continue to be the boom that we've been seeing? If and when a platform like EOS takes off, it's not clear to me what sort of function an ICO will really have. I guess there's just so much froth in the ICO market that 98% of what I'm looking at doesn't seem like viable tokens (EOS being one of the only exceptions).
ICO market needs to launch real projects, not junk scam. To the degree it just keeps hammering the scam projects, is the degree ICO's will be unpopular for a time. The main issue is that for some reason when they hit exchanges, people bid them up so there is almost no downside to ICO flipping lately. I would certainly not own most ICO's long-term. .... This all said, the method of operation for an ICO is revolutionary and when people figure out how to launch legit projects, and have systems for weeding out the scams (3rd party rating agencies), ICO's will be the best method to raise global capital.
100%