Ive been waiting for this to happen.
When scammers see something that looks like a golden goose they want to wring its neck and kill it with their greed.
The majority of the general public who are jumping onto ICOs do not really understand what blockchain is really about. They just see how Bitcoin has become big and want to make it rich by not missing out. FOMO is what its called. Fear Of Missing Out. Scammers know all about FOMO.
This is not a good development for crypto-currency and blockchain as it will only add a further dark cloud that the sceptics and the doubters will use as a weapon to discredit Bitcoin and other genuine crypto currencies.
I mean I see new ICOs coming almost daily these days. Come on, how can this be a good thing. People need to wise up and read what blockchain is really all about.
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