Early bitcoin investor explains what's driving the ICO craze

[StockBet.com]

https://www.cnbc.com/2017/09/20/initial-coin-offerings-rafael-corrales-crv-why-icos-are-hot.html

"Charles River Ventures' Rafael Corrales, an early investor in Blockchain, a bitcoin wallet maker with $70 million in funding, narrowed it down to three main drivers:"

• "First platform shift in many years"
  
• "Not many entrenched competitors"
  
• "Democratization of financing"

What do you think are the drivers?

[jnow]

The hope for quick profit and greed. That simple.

[staywoke081]

https://www.c[Suspicious link removed]m/2017/09/20/initial-coin-offerings-rafael-corrales-crv-why-icos-are-hot.html

"Charles River Ventures' Rafael Corrales, an early investor in Blockchain, a bitcoin wallet maker with $70 million in funding, narrowed it down to three main drivers:"

• "First platform shift in many years"
  
• "Not many entrenched competitors"
  
• "Democratization of financing"

What do you think are the drivers?

Those all seems like good reasons as to why ICO craze is going on. I have but just one reason as to what is happening here and it is :

GREED

People just want a quick easy buck and they think ICO is the way. Oh how wrong they are and dont even know it

[DigeNarrator]

https://www.c[Suspicious link removed]m/2017/09/20/initial-coin-offerings-rafael-corrales-crv-why-icos-are-hot.html

"Charles River Ventures' Rafael Corrales, an early investor in Blockchain, a bitcoin wallet maker with $70 million in funding, narrowed it down to three main drivers:"

• "First platform shift in many years"
  
• "Not many entrenched competitors"
  
• "Democratization of financing"

What do you think are the drivers?

Those all seems like good reasons as to why ICO craze is going on. I have but just one reason as to what is happening here and it is :

GREED

People just want a quick easy buck and they think ICO is the way. Oh how wrong they are and dont even know it

I saw a chart with 10 projects that compare the ICO price, and the price today
a lot of ICO's go higher by x60 x80 x100 and more...

[AtillaL]

Well while many are so damn negative and only see greed, I chose to see and call it opportunity...This is all quite very new and while many "bad" projects and people could be inundating the market, there ALSO are many quality ones (projects and people).

I remember when media was bad mouthing bitcoin when silkroad went down and how crypto world was viewed as seedy, greedy and criminal. But the label didn't fit them all, just like the greedy label doesn't fit all ICO's.

It's not wrong to want to make money. Sure, it's very wrong and disgraceful to want to make money by lying and cheating people but none of these low schemes would have ANY chance if people would take some due diligence and never throw money they aren't comfortable losing.

Us as consumers need to understand the risks and us the consumers should dictate what makes it or not with intelligent and assumed choices.