ICO Protocol, your thoughts?

So Vitalik and Jason Teutsch released a paper talking about how they think they can improve ICOs by using smart contracts.

Here is a link:

Anyway, I’m not quite sure what to think of it. On one hand, of course some kind of standardization is going to help a lot, but on the other this is a fairly complex system where its going to be fairly confusing to figure out exactly what you’re going to get for your ETH.

Another side effect is that this kinda means that if the ICO does decide to use this framework, it is likely that it will only accept ETH. Which while ETH is the main ICO currency right now does probably limiting it to some extent?

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