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You don't need ICO. Bitcoin started from scratch and it's still #1! Crypto currency is software which is very cheap to make and distribute(compare to hardware). Also the most of internet startups get seed money under $200K, so I don't understand why are ICO's designed for $1M and more?

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Because they're a scam, most will disappear with the funds they raised

There's really no evidence at all to support your claim. I wouldn't throw the word 'scam' around so lightly. You're essentially libeling anyone who has organized a token sale. I can only think of one group that has disappeared after raising millions.

You can caution people about tokens being overvalued without making baseless accusations of outright fraud.

I'll see you in a year

I very much look forward to us revisiting this in a year.

Bitcoin had an ICO...

Ethereum had an ICO, first bitcoins were aquired in mining, there was no ICO/premine

There was a guy who went around offering bitcoins for real cash. How is that not an ICO ;)

You can't just make stuff up. The history of bitcoin is well documented.

https://en.wikipedia.org/wiki/History_of_bitcoin

No, it didn't?

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