Thread by @krugermacro

This tweet succinctly covers why investing in most non-protocol tokens is a bad idea. I wrote an article on the subject last year: hackernoon.com/all-you-need-t…. What is good for companies and startups is not necessarily good for investors. #ICO

https://twitter.com/cryptomanran/status/1025987938801332224

Something I didn't cover specifically in my 2017 article was how in most cases token developers can change terms or increase supply (i.e. issue more tokens) after the fact - which actually makes investing in almost any token a poor value proposition for investors.

Assumption is token issuers would not increase supply as that would also affect themselves negatively (by diminishing the value of their personal and treasury holdings). Yet if incentives are there, token supply can in most cases be legally increased without legal consequences.