Topic: Could Ethereum survive without ICOs? (Read 266 times)
I think ethereum will stay without ico but not as popular as now and may require a hard struggle to compete with other altcoins,ico scam does disturb the future of eth and ethereum prices may not be as high as they are now without ico.
That 80% is a number that gets quoted often but if you look at the original source they count every single ICO that failed to reach its soft cap and returned investors money as a scam and every ICO project that never got to the point of raising any money. The fact you include 99% as a scam shows you have not a clue what you are talking about. I have done bounties for over 200 ICO's in the last year and only 20 have turned scam as far as I am concerned and I include those that reduced their bounty in that number. As far as outright scams where they ran away with the money I have only had 1 do that.
This can mean that you are good at selecting projects.Of course the ether will survive without ICO, but it will be just one of the altcoins. Recall such projects as NEO, NEM, EOS and others, this is in some approximation an Ethereum without ICO.
ICO scams are really hurting Ethereum's price and reputation, and it's very high likely that we will never see same volatility of ICO investments (like in 2017) again because of these ICO scammers.
Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
yeah maybe there a little impact on ethereum side but this doesnt mean that they wont survive this obstacle, ethereum has been here and its proven for how many years and it will only go strong as years to come it was jut this year isnt the year of ethereum.
like any other altcoins, if there's no development at all, it'll die someday. why do people should invest on coin that has no developments?
Ethereum, as platform with smart contracts, will survive.
Tokenizing everything, even ownership of stocks, would be a good use case.
Faster clearing and settlement would be one of the best use case for Ethereum platform.
Tokenizing everything, even ownership of stocks, would be a good use case.
Faster clearing and settlement would be one of the best use case for Ethereum platform.
Right question must be if the ico and tokens can survive without ethereum. Ethereum has built it, it has been strong before the ico.
ethereum could survive without ico but it will struggle more on its falling prices worser than today. because there is alot of platform that also caters ico such as waves and eos and more and moreplatform are made which makes the competition stiff. if ethereum will not have the token creation capability more and more projects will migrate to other platform
Keep in mind that well over 80% of all ICO's are scams (that estimate would still be very optimistic, the real number might be high as 95 or even 99%)!! Of course there is some promising ICO's as well but because 80-99% of them are scams people are starting to be very afraid and careful to invest in any ICO's (including the most promising ones), and this will hurt not only the succesful ICO's but also the whole Ethereum community.
That 80% is a number that gets quoted often but if you look at the original source they count every single ICO that failed to reach its soft cap and returned investors money as a scam and every ICO project that never got to the point of raising any money. The fact you include 99% as a scam shows you have not a clue what you are talking about. I have done bounties for over 200 ICO's in the last year and only 20 have turned scam as far as I am concerned and I include those that reduced their bounty in that number. As far as outright scams where they ran away with the money I have only had 1 do that.
can, but the price is definitely not more valuable. because ico plays a major role in the development of etherum, because of the increasing number of bounty hunters, the increasing volume of etherum trading.
ICO scams are really hurting Ethereum's price and reputation, and it's very high likely that we will never see same volatility of ICO investments (like in 2017) again because of these ICO scammers.
Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
i think in that case that you described ETH will not only survive but it will thrive and it will become more stable and interesting for big money and maybe we will see a lot of ETH futures and other contracts on huge fiat markets. Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
ETH can survive if companies continue using it but the value of ETH will take a big hit as ICOs will use a different coin for the funding of their projects. We could even see ETH go below a hundred bucks if the regulation in ICOs continues. However, this is necessary to clean up the ICO market from scammers.
I agree with you that scammers have become a huge number and ETH is now very difficult, but behind ETH is a very strong and hardworking team. Therefore, ETH can easily survive without ICO.
I'm just seeing the etheruem fall as the red season that has been dealing with the crypto market lately.
Yes, I'm also beginning to see that some managers are not finding it easy to get some employment based on ico coins because icos are beginning to lose its taste and value. Some managers too are not scrambling to manage ico paying coins rather signature campaigns with Btc, probably because they have also seen is a waste of time.
I believe that soon we will see positive changes in the sphere of ICO..Already the number of projects has begun to decline, there are no frankly bad projects.We need regulation of this sphere, and then Efirium will reach 1000 dollars again
Yes, I'm also beginning to see that some managers are not finding it easy to get some employment based on ico coins because icos are beginning to lose its taste and value. Some managers too are not scrambling to manage ico paying coins rather signature campaigns with Btc, probably because they have also seen is a waste of time.
Ethereum has more people developing projects on its standard than any other, even Bitcoin. Smart Contracts are not just for ICO's so I think it would survive even without ICO's. I think your entire premise is faulty. The selling that has pushed down the price of Ethereum was not from scam ICO's, it was from large succesful ICO's like EOS that raised their money in Ethereum and then tried to turn it into USD faster than new ICO's where able to absorb the slack. Also ICO investing is not over, so who cares about specultaing about it. You may as well ask would Bitcoin be as popular if it became centralised like Ripple.
Your comment is not making any sense at all. I never said that Smart contracts are just for ICO's, I even said that on the text that there still would be other projects as well but their effect on ETH:s price is minimal compared to ICO's. If you look at the current trend you can really see that ICO investing is really dying and your solution is just to just close your eyes, pretend everything is ok and stop talking about this issue? Comparing this to Bitcoin and Ripple is very irrelevant in this case because ETH has always been store-of-value for some people (just like Bitcoin) and Bitcoin was never intended to be centralised like Ripple.Keep in mind that well over 80% of all ICO's are scams (that estimate would still be very optimistic, the real number might be high as 95 or even 99%)!! Of course there is some promising ICO's as well but because 80-99% of them are scams people are starting to be very afraid and careful to invest in any ICO's (including the most promising ones), and this will hurt not only the succesful ICO's but also the whole Ethereum community.
Money in exchange of your services? you'd need a token to trade for your services, that's why we have so many of them.
People are trying to decentralize everything.
ICO scams are really hurting Ethereum's price and reputation, and it's very high likely that we will never see same volatility of ICO investments (like in 2017) again because of these ICO scammers.
Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
Let's imagine that ICO investing is now over or it's very minimum compared to what it was before. Of course there could be other types of projects on Ethereum blockchain besides ICOs but their effect on ETH:s price would be minimal, and this could mean that ETH would be only used as a store of value like Bitcoin. Could ETH survive this outcome and some day still recover it's price back to 1000 usd?
I agree that when these Icos industry is finished the value of ethereum will not be the same again, but Ethereum is fast and the fee is small, it should not only be as a store of value, but an active payment option for online transactions, I am not against ICO but against these fake Ico that not only harm the industry but the price of Eth as well
Very much I doubt that ETH will be able to survive without it, since the purpose of this project is the creation of new projects based on the blockchain ETH, so for now it seems to me that we have nowhere else to move. It is a fact.
Ethereum has more people developing projects on its standard than any other, even Bitcoin. Smart Contracts are not just for ICO's so I think it would survive even without ICO's. I think your entire premise is faulty. The selling that has pushed down the price of Ethereum was not from scam ICO's, it was from large succesful ICO's like EOS that raised their money in Ethereum and then tried to turn it into USD faster than new ICO's where able to absorb the slack. Also ICO investing is not over, so who cares about specultaing about it. You may as well ask would Bitcoin be as popular if it became centralised like Ripple.
Your comment is not making any sense at all. I never said that Smart contracts are just for ICO's, I even said that on the text that there still would be other projects as well but their effect on ETH:s price is minimal compared to ICO's. If you look at the current trend you can really see that ICO investing is really dying and your solution is just to just close your eyes, pretend everything is ok and stop talking about this issue? Comparing this to Bitcoin and Ripple is very irrelevant in this case because ETH has always been store-of-value for some people (just like Bitcoin) and Bitcoin was never intended to be centralised like Ripple.
Keep in mind that well over 80% of all ICO's are scams (that estimate would still be very optimistic, the real number might be high as 95 or even 99%)!! Of course there is some promising ICO's as well but because 80-99% of them are scams people are starting to be very afraid and careful to invest in any ICO's (including the most promising ones), and this will hurt not only the succesful ICO's but also the whole Ethereum community.
No, Ethereum was never intended to be a store of value like Bitcoin.
That's not true, especially now when proof-of-stake is adapted which is anticipated to bring many benefits to the Ethereum network and to ETH token holders.
I believe that soon we will see positive changes in the sphere of ICO..Already the number of projects has begun to decline, there are no frankly bad projects.We need regulation of this sphere, and then Efirium will reach 1000 dollars again
ICOs is just a small part of ethereum network. they do not affect to the ETH price or reputation. ICO scammers certainly have a bad influence on all ICO especially on new created. Scammers, we have them on all sphere, not only in ICO, can ruin the crypto reputation in people who is not in the crypto world and do not know enough about them.
Smart contracts that the Eherium platform uses are designed not only for ICO, so I believe that it will survive!
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