Damn, Ace, you and I think a LOT alike. I'm long Iota and Ripple and I'm an ETH skeptic, too.
On the ethereum front, I have a tidbit of news: ETH goes live at Bitstamp on Aug 17th, so while I believe ETH to be grossly overpriced (Flippening, my ass), I'm still considering buying some as a short term hold, crossing my fingers for a runup, then selling into the hype that often surrounds new listings. But, ya know, crypto makes fools of us all, so that's probably the one thing you can count on NOT happening.....
On ICO's, I've tried twice and failed twice. But a buddy I went to school with roped me into buying some of Cofound.it, more or less against my will. I can't even make out exactly what they do and after a couple conversations with him, I'm pretty sure he can't, either. But he WAS a great weed and other party favors connection back in the day, so I feel a certain comradeship with him.
A Fun, True Story: The F*CK Token. Initial Coin Offerings (ICO's) have gone completely crazy lately. So last month, two waiters in California wrote a 2 page White Paper of garbage, spent $80 designing this web page: http://www.fucktoken.io/, then used those two worthless items to raise $30,000 in 30 minutes for a token they call F*CK, which does absolutely nothing.
When asked what they'd spend the money on, they said it'd already been spent on "administrative costs," which I'm guessing took the form of a month long vacation in Bangkok or Amsterdam or some other important, fact finding destination.
My question is, will there be a 2nd round of F*CK funding and, if so, will it succeed again?