I have said 1,000 times that having a reserved pile of funds in your control or the rights to them etc on the start is functionally more valuable then you all ever realize.
Reason 1,0000000000000000 why ICO's are scammy.
Spoetnik doesn't want unregulated stock markets.
I guess he prefers Goldman Sach's TBTF dick up his ass than the freedom to speculate with your money without a middle-man underwriter-gatekeeper taking everything:
ICOs are pretty much unregulated and almost always revolve around anonymous entities (not that publicly known people never scammed others) therefore there's not even a shard of insurance present.
Unregulated is good. Regulation means Wallstreet (the underwriters, etc) is taking all the gains and selling you up river.But even if I disregard that and accept that you don't need any insurance
Insurance as a stability of income is guaranteed failure. No risk, no reward. Period. That is an inviolable mathematical fact. Sorry this is a high IQ point and I won't be able to take time to detail it right now.
The only time that insurance is valuable is for long-tail distribution risks (i.e. black swans).
It's a massive sea of scams with some rare gems...
Sure, you won't throw money at every ICO but even if you disregard the most obvious scams, the ratio is still terrible.
Not for those with the necessary discernment skills. But for most of you readers, you will lose. That is the nature of speculation. The smart speculators eat the less smart ones.
And of course it's a sea of massive scams because there are people who make it profitable. Just like why some people create wallets with malwares inside - because some people doesn't practice security.
And the victims of both will definitely won't help popularizing crypto due to their terrible experience.
No one is victim, because no one forced you to play.
Life is a competition. Everyone is trying to find a way to get theirs. You can hide in your closet if you want. Or you get out there and compete. The choice is yours.
Note I don't buy shit technology, so I wouldn't buy most ICOs. But I am learning that if I were speculating, I should buy ICOs with good attributes even if the technology is bit off. For example, I knew from the start that ETH's technology was flawed. I even told Charles Hoskinson that before he launched Ethereum. But I have since learned that marketing communication is worth a $billion market cap (which is not at all the same as a $billion cashed out!).
You want a world where everything is stable and fair.
I explain in my audio recordings why that world can't exist (else nothing would exist). If you think you have created a uniform environment (e.g. "equal opportunity" bullshit), you've actually obfuscated that someone is raping you without you realizing it. I hope you take the time to learn, but it is unlikely given your ideological stance, that you would be open-minded to the natural law math and physics that I explain.
