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I think many crypto-currencies (with and without ICOs) are rather obvious cash grabs that provide no actual value beyond speculation (e.g. dogecoin); was something comparable going on during the .com bubble? Were there many companies offering no actual value and taking in cash?

Edit: I originally conflated cryptos with ICOs, and have since corrected the mistake.

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Dogecoin was made to take the piss on Bitcoin, not as an ICO. The fact that Dogecoin isn't currently worthless is a testament to how hilariously blind people are to the bubble.

I made money buying and selling UET (Useless Ethereum Token) [0]. There were open buy orders on an exchange for more than it was actively available for via ICO for a period of about a week. So naturally I made a bundle buying and selling it. In this case it was the confusing ICO terms that made it profitable.

[0] https://uetoken.com/

Impressive. I unironically applaud your success on making money off complete idiots.

Dogecoin is a cryptocurrency in its own right, rather than an ICO.

You're right, I misspoke. My point I think still stands - there are something like 1-2 thousand different Cryptos, many without ICOs, but there is little value in purchasing them, be it via ICO or an ordinary exchange.

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