(snip)
Please educate yourself a little more before spouting nonsense.
These unregulated non transparent ICO's are ripe for manipulation behind the scenes. Only fair launch POW can prevent this or an ICO with huge advertising previous and during the ICO with some transparency and a large POW phase. ETH has done the best job so far of an ICO on here.. NEM was okay too but had no real POW phase.
Meh.
I fail to see much of a difference between people buying thousands of dollars worth of hardware (or renting miners, not to mention the electrical bills) and people buying directly into a premined coin. Granted, could be my own stupidity/un-educated-ness, or whatever the right term is.
Apart from that, speaking of "unregulated"… How is POW "regulated"?
… oh, and Lisk not making huge advertisement and being intransparent… Maybe i'm not the only one who should educate oneself.