Yeah I agree entirely. There might be some nuggets of the idea that will live on but I think this might be money for learning a lesson. Just a bit of the point however - we need to learn the same lessons with these ICOs that the .com bubble learned.
Well I really hope there is not too many projects that tarnish the reputation of Ethereum. There will be some. I am even more worried about projects that make outlandish claims that Ethereum in its current form is unable to keep up with. There is a lot of growing room - this is experimental software at this point.
Some valuable discussion about the price and ICO irresponsibility in my latest post here: Step Back, Elephant in the Room: it's time to talk about the price.
Thanks for your wise words mate. I will check the post out shortly.
With all of the hype lately, there were some things that I felt I needed to say and share. With almost everyone in the space so incredibly optimistic, there was some criticism and hard truths that needed to be expressed.
Definitely one of the more important things I have written in a while.