There's an interesting thread here analyzing ICOs as if they were startups. I'll give the counterpoint: they're investment scams.https://twitter.com/zaoyang/status/899008960220372992 …
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Now how do you get money into the scam vehicle? Material amounts of money start in the traditional financial system. This is tricky for you.
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As a scammer, you can't just tell Milli Smith to take out a reverse mortgage and wire $800k to an account in the Caymans. Her bank says No.
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What's really fun is how many "ICO" scams aren't even real currencies, they're just fronts and rebrands for pyramid scheme-esque sites.
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like this one isn't a cryptocurrency at all, its just having you look at advertisements and calling it an ICO; http://archive.is/iIj1Q pic.twitter.com/1neE3cjJmP
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