I invested because of David and the off chance the market place works out.
Exactly. And keep in mind that their ICO funds remain unaffected by the price. The team has their budget to work on no matter what. Though in a way it's flattering that all the clowns chose to perform their acts here.
This. Again, I really appreciate your posts, Decentradical!
Essentially there are only 3 ways to fund a coin project these days:
1) Straight investment of fiat. Ripple and Etherium are examples of this - great for insiders, horrible for smaller/late investors. The biggest advantage is that the value remains relatively stable because it exsits (for shareholders at least) outside the actual trading market. Much less manipulation is possible, however only a very few hands can truly see returns.
2) ICO investment held as BTC. Very similar, obviously - however investment opportunity is more broadly spread and possibilities exist for later investors to get even cheaper coins without damaging the team's warchest. The only downside for the team is the volatility of BTC itself, but they also have a single market path to redemption of funds for marketing, travel, payroll, etc.
3) Premine/Instamine/Etc. Although it seems most people think this makes more sense, it actually makes almost
none... after all you can't redeem the coins without damaging the price of the coin itself... so any redemptions made for necessities/promotions/payroll actually damage the coin's reputation and market price... which also reduces the value of the coins held for later use.
I agree with many who are displeased with the ICO price vs. current market price... but at the same time, this is precisely what crypto is all about actually. Real businesses take time, talent, and capital to spin up. Those that attempt this in an unregulated, unproven, and extremely limited marketplace must either be dedicated idealists willing to risk their personal fortunes just to potentially make other people rich (there's probably 10-20 of these people in the entire world IMO) - or they must find a way to fund the venture without risking their personal assets. If there were SBA loans or dozens of VC firms investing in altcoins, there might be a better way of doing this, but since there isn't... this is pretty much the only viable option - despite the fertilizer it provides to the FUD-garden.
