I'm against crowdfunding that masquerades as investment. People should know there's a high chance of 0 return and complete loss of principle with something like Kickstarter; it's better to think of it as patronage of artists you like with a small chance of something back.

i think you mean to say that you're against token trading that masquerades as crowdunding.

i agree, its a problem. but its solveable.

When you buy a doohickey on Kickstarter, it's just like buying from a normal vendor except that you accept the risk that it might never arrive. When you buy a magic token on the average ICO, you're usually buying an interest in some future business that you hope to resell at a profit.

One of these is a doohickey. The other sounds awfully like a security...