A helpful article which gives a good understanding of the different types of coins (currency, platform, utility) which again creates a solid foundation for any coin investment: https://hackernoon.com/mastering-shitcoins-the-poor-mans-gui...
I was just marveling recently at how nice it is that virtually all cryptocurrencies are open source and thinking that it must be part of a new generation of software where most of it is open source and money is made through other means (like funding through tokens and then continuing to benefit from the increased valuation of the project, which will presumably correlate with the project's progress).
This obviously is a terrible idea. Pending patents (2/3 mentioned ICOs) can fall through.
The only ICO which has a patent is not owned by the company. It is also a ML related patent nothing to do with cryptocurrency.
The worst part is the author gives a checklist of things to consider but conveniently omits how the checklist applies to these ICOs.
