@grizgal The concept is sound but the ICO's are scamming peoples ETH's and cashing out. This is the wild west of the new crypto era and there is no control. I believe in Steemit and this was a safe move. I will continue to buy more ETH as the price keeps dropping.
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I think this is a generalization. Are there good ICOs? Yes. Are there bad ones ? Yes. People really need to be doing their own due diligence when messing with cryptos.
Agree @essaybrah EOS looks promising
I completely agree. Ethereum was not created for ICOs and I agree that they are creating a lot of the volatility. A lot of them seem to be scams or at least wishful thinking!