Thanks for the comment and the upvote. I think the ICO mania is totally out of control. People have stopped rational analysis and are now emotionally throwing loads of money at any guys with a crypto-vision and a web page. In the case of Pillar, it's a dangerous vision with not a lick of code already in place. For others, there may be some code, but someone please explain to me why Tezos is now worth a quarter of a billion dollars. Total idiocy.
I think you'll like my previous article as well which is more directly on the ridiculousness of the ICOs. You can find it here
(Oh and by the way.. Great work on your Veritaseum articles! This is more Clif High influenced, crowd irrationality on another totally BS ICO)
Yup...I think that other article is how I found your blog. Thanks!
Just saw your Jsnip comment.. Hehe
As for throwing money around, a lot of people either weren't old enough in the 90's or just simply forgot what the "new economy" IPOs were like. Heady times when people wanted to get a quick buck.
True. Right now this is mostly a new generation of Millennial speculators that don't really know the history of numerous markets.