Bucketeer wrote:$4 sounds about right, but it is still scummy. They are using Investor funds for a legal defense. That's BS.
Let's ask why. The Breitmann's set up a Tezos Foundation in order to not simply pocket the money and say "trust us". Seems like a wise play. One of the individuals who is on the Foundation board (Gevers) is not allowing a disbursement of the funds to the development team, for reasons unknown to me. Which means that the Breitmann team, and all the developers they have hired to build Tezos, aren't getting paid with any of the funds they raised during the ICO. Meaning they are currently working for free until they get access to the funds. This issue is a huge distraction to the development of the project. Obviously they picked the wrong people to lead the foundation - it happens. Let's fix it and move on (which they are trying to do).
I wonder what Givers knows, that you don't. Has he made any statements about his refusal to release funds?
Read an ICO offering and what they want to accomplish. Then ask yourself "how are they going to do this?" 5 times. Keep drilling down, and you'll become an a skeptic to most of the offerings. If they don't have a working model, it is just smoke and mirrors. It doesn't mean you can't make money from it, but does it have a viable long term future or chance of success?
I'm a HODLER, not a trader.
It's easy to be a Bear. I love taking pot-shots at the current ICO of the Day. That is almost as good as reading the hate-mail I receive from the people who purchased the ICOs I criticized.
Hey silly Bulls, I'm in the game too, and we all want to be successful. Long John pointed out that I own more sh*tcoins than he does. That was a reality moment.