I'm actually unsure now if I should attribute this to blissful ignorance or refreshing honesty!
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
I think if we set aside the illogical title that erroneously lumps HYIP together with Bitcoin and ICOs, we can marvel at a few things here:
1. How words have evolving definitions. "high yield investment programmes". Interesting to see how online investor guides by definition equate HYIPs to ponzi scams, when they should have legitimate use, particularly when "low-yield investments" and "high-yield returns" are common labels used in banking and finance.
2. How some people (I believe, more than I'd guess actually) see Bitcoin and ICOs as HYIP - a risky gamble, promising incredible returns, where common strategies include "get in early" and "get out before everyone else does". I'm pretty sure a number of ICOs already can be classified as scams but don't fit into the ponzi structure of HYIP but perhaps one day in the future, even the term HYIP will include variations of ICO models.
In fact, the trendiest HYIPs now offer rates that seem a lot lower than what you'd find promised by some ICOs or even by services. Check out some of the cloudmining contracts, for example, whose calculators show breakeven after 7-9 months. Or check out ICOs that predict more than 3% dividends per month. I've personally seen more than 5% a month either on gambling investments or on loan interest at Poloniex. They are arguably as risky as HYIPs, on the face of it.
Lines getting blurry yet?