@louisthomas It's ironic that while crypto set out to sort real-life problems with fiat currencies, it has introduced a new set of problems such as these on their own - who'd have 10 years ago that you could create Ponzi schemes out of currencies?
The paradox here is that while deregulation is an advantage of crypto, it is this very trait because of which these ponzi scheme currencies have come up.
Apart from this, another problem one can see is that companies are raising way too much money easily (even if they legitimately wanted to create a real service) via ICOs - with all this money in place upfront, what would even give them motivation to meet their original goals?
Crpto and blockchain may be groundbreaking technology but this kind of stuff might just prove to be its Achilles heel.