Here is the problem with ethereum business model. All new token created by ethereum are whitelable tokens. Each ico token brings new investors to own ethereum boosting its price. These new whitelable tokens are the. Exchanged for ethereum to provide funding. Each new project raises funds and lists it's token on an exchange. This boosts the value of the white lable token at a multiple of the amount raises in ethereum. Now companies need to spend money on there projects have to sell ethereum to fund there projects. This selling of ether raised by ico is at a multiple of the original amount raised in ether from new investors introduced to ico investing. This means mass e inflation on value will collapse as up funded projects sell their ether for operating funds. Can anyone explain how this voodoo economics can work for investors as a whole?