Most accurate state of affairs I’ve read when it comes to ICOs and “Blockchain”. I hope ASIC reads this, and ignores the drivel spewing from the various ICO stakeholders and even blockchain industry associations.
They are basically all the same, but I’ll call one out in particular — PowerLedger. They have a repuation as the paragon of virtue and innovation in the Blockchain community… but reading the attempted justification for the sale of their tokens in their whitepaper made me feel literally ill. It is worse than BitConnect — at least BitConnect looked obviously dodgy and scared away the people with half a brain. Powerledger’s tokens are deceptive and misleading to the extreme — both things that ASIC should be coming down very hard on. And that’s without even touching the fact that selling these things is horribly and fundamentally unethical… I‘m amazed they are able to sleep at night.