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ICOs are the hyper speculative .com penny stocks of this particular economic cycle/bubble. A few may rise from the ashes of an eventual burst, and the general idea may be have some validity to it, but most cryptocurrencies are a sham and are going nowhere.

That's true for startups too (admittedly the ratio is probably less stark)

The ratio is probably identical from the time we've spent with startups. Comes down to your measure of success.

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