Great comment @chekohler
Yes we saw a boom with the ICO market, did many of those projects see the light of day? no. Did we lose money? yes? Did we gain invaluable lessions for the future? Yes!
I wonder what is your lesson?
My lesson is, that mass media brought to much attention and speculative investors into technology and market which was just slowly developing.
I think STO's, ILO's and LCO's are great medium-term solutions to bring in both private and institutional money into blockchain but this should not be where the money comes from. The money needs to come from providing services of value not creating more speculative assets on the blockchain
To some degree I think you're right. However, I think people are quite divided with their opinions and I believe that demand should be coming from all possible directions.
Again: great comment
Piotr