Arthur Hayes calls for a return to the glory days of ICOs, criticizing the current dominance of VCs and CEXs. He advocates for a decentralized, community-driven approach that prioritizes retail investors. Hayes highlights the speculative nature of ICOs as a key feature, allowing retail investors to aim for transformative gains. He outlines a roadmap for revitalizing ICOs, including faster token issuance, improved infrastructure, and enhanced user experience. Hayes urges the crypto community to embrace the democratized nature of ICOs and avoid VC-backed projects. #ICO #Crypto #Decentralization #RetailInvestors #VC #CEX