The problem is not only that this one ICO has 156M Ether. Yes amazing. But I have the feeling that literally ever ICO is based on Ether and not many of them give us the impression that they will earn serious money with it. I believe in bitcoin. Believing in ETH is quite hard IMAO.
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And when these shitcoins don't actually create any value or realize a profit, they will sell ETH to pay the bills.