You are spot on with what you just said. I knew the ICOs would weigh on the market because there were so many of them and they promised so much that they couldn't deliver. It was really infuriating to me. Here is a meme I did about them as well.
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LOL That meme is way too on point. I really feel you on it, i've gone through 100s of white papers and reviewed alt coins for both my steemit blog and my other blog and gosh some of them are terrible and those are the legitimate projects
Don't get me started on the pump and dumps that just build hype and plagiarise other projects white papers. We clearly had too much money floating around that so many of these crappy ICO's could hit hard caps so quickly
Yeah same here. I would read some white papers and be like WTF???? It would just be nonsense. Like a 13 year old trying to sound technical or something.
I would even have friends sending me links to projects that they were suddenly excited about and I would read into it and have to tell them that the people running it were totally making stuff up and it was a total scam.