Bloom ICO is about to end, deciding if it makes sense to participate. Thoughts?

I've been following the Bloom ICO for a while and I wanted to get a better sense of what the community is thinking.

So first the good as I see it:

• Equifax hack just happened, so timing for Bloom is good.
• All of the main team members are from Stanford have been in blockchain for years.
• Strong network of advisors, the former Chief Scientist of Experian is working with them, Joey Krug is one of their advisors.
• They're launching on mainnet tomorrow.
• They have a good number of partners building on the protocol.
• The team built a large identity company that alot of crypto companies use so they have experience in the space.

And the risks:

• Cap is high. They have a $50m hard cap and have about $33m contributed so far.
• They're focused on alot of different things, it's a real lot for one team to work on.
• Credit is a tough space to enter, the big 3 bureaus are massive and who knows if anyone will actually take Bloom's score seriously.
• The published roadmap only has rough estimates of releases by quarter, no specifics.
• There are alot of companies working on lending and identity (Civic, uPort, ETHLend, SALT etc)

What is everyones thoughts?

submitted by /u/tamaware217
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