It seems like a lot of the attention in the (mainstream and crypto-focused) media is spent covering scams that either involve:
1. Clear criminal intent to defraud ICO participants;
2. Large sums of money; or
3. Celebrities.
We think equally important (and collectively likely to result in much greater losses overall to token holders) are projects where the only honest answer to the question “Why blockchain?” is “Because that’s the only way we can raise f*cktons of money via an ICO.”
Should more attention be paid to these "lesser scams" which couldn't disrupt their way out of a paper bag but manage to siphon off resources from projects that might actually be able to do something useful?
http://www.tokenicide.com/opinion/wham-bam-exit-scam/
Topic: Wham Bam Exit Scam: Redefining “Scam” ICOs (Read 33 times)
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