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Topic: DO WE NEED TO REGULATE ICOs? - page 4. (Read 24761 times)

hero member
Activity: 1008
Merit: 500
April 06, 2019, 12:12:31 PM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
I agree with you. There must be a standard law for ICO projects, to limit fraud projects. And there must be an advisory board to support the ICO, so that potential ICOs have enough resources to develop the project.
full member
Activity: 271
Merit: 100
April 06, 2019, 12:05:31 PM
well i think people not just utilize crypto technology they also use that for take profit.
that why so many ico has a similar roadmap, because they dont care about the project, just make the view looking good.
then collect fund as much as they can.
Some icos may have different or unique ideas compared with another ico but look at how so many major are plagiarized ethereum and its idea. But speculators are having an important role in the crypto ico business because they are short term player dude.
copper member
Activity: 336
Merit: 3
April 06, 2019, 12:03:41 PM
I'm in full support of the idea of regulation of ICO's. The truth is that most investors have lost confidence in ICO and that explains why many projects don't meet their soft cap. The prevalence of scam projects have made even the legit ones to find it difficult to execute their projects with the support of investors. In my opinion, some extent of regulation will bring sanity to the cryptocurrency space.
full member
Activity: 462
Merit: 103
April 06, 2019, 11:44:04 AM
Without a doubt, effective ICO regulatory principles are really needed today. Indeed, today, unfortunately, there is a very large number of scammers and failed projects. This situation leads to a loss of money among investors, they lose confidence in the crypto market.
full member
Activity: 602
Merit: 101
March 27, 2019, 12:33:59 PM
Regulation is necessary, but you understand that it can be regulation not SEC, it can be regulation by the community, today there are such self-regulated communities, so I think that everything can be done very successfully.
full member
Activity: 602
Merit: 101
Bcnex - The Ultimate Blockchain Trading Platform
March 27, 2019, 12:27:47 PM
It seems IEO's brought some kind of a regulation to ICO's.

Not really a regulation but still, it is not like wild wild West back than with exchanges as a middlemen.
jr. member
Activity: 194
Merit: 1
March 27, 2019, 12:26:59 PM
Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
Yes sure. We need regulated ICOs to stop us from this menacing exploits from ICOs who are only interested in stealing from us without a good project in place.
full member
Activity: 1554
Merit: 101
March 27, 2019, 11:58:39 AM
well i think people not just utilize crypto technology they also use that for take profit.
that why so many ico has a similar roadmap, because they dont care about the project, just make the view looking good.
then collect fund as much as they can.
member
Activity: 686
Merit: 13
March 27, 2019, 11:40:34 AM
Regulation is required to know because many ICO's collect money from investors and escape. If ICO's market will be regulated than these type of scams never happen because of everyone bound by the rules.
hero member
Activity: 1358
Merit: 509
March 27, 2019, 09:54:38 AM
I agree with you, the ICO needs regulation. I believe that in order for the cryptocurrency market to become attractive to investors and funds, it needs to be regulated. ICO regulation will make investing safe and will help to get rid of scams and bad projects.
Will we be able to get a better result by changing crypto's own nature? I think no. The regulations will be caused them turn into a less active and restrictive sector like the others.
sr. member
Activity: 1526
Merit: 255
March 27, 2019, 09:14:35 AM
If we consider 95% ICO failed to reach softcaps, and less than 1% reached hardcap, of course this is sad, many scam projects make it possible for anyone to have the opportunity to make coins and be used to cheat, the presence of regulations is needed now.
copper member
Activity: 378
Merit: 0
March 27, 2019, 09:12:09 AM
Yes definately we have to regularize this market. Because it will control the scammers and manipulative activity and it will sadeguard the interest of investor as well. By regulation a small investor with limited fund feel secured and get attracted towards this market which is very essential for crypto industry to grow at mass level.
full member
Activity: 462
Merit: 101
March 27, 2019, 08:47:16 AM
The adoption of a regulatory body for ICO at a state or private level will relieve a number of difficulties and problems for all who are actively working in this environment. There is no doubt that even a significant tax can not be compared with the huge losses in the participation of fraudulent ICO
sr. member
Activity: 504
Merit: 250
March 15, 2019, 05:14:59 AM
ICO is used by many fraudsters to find investor money. So far, many people have been victims of fraud on behalf of the ICO project. Regulations are urgently needed and must form a Team that has the task of regulating ICO. This team will greatly help many bounty hunters and investors.
member
Activity: 462
Merit: 10
March 15, 2019, 05:09:36 AM
I think that the regulation of ICO will be harmful. It seems to me that this will be an obstacle for many people to participate in such investments.
full member
Activity: 780
Merit: 101
March 15, 2019, 04:28:50 AM
I agree with you, the ICO needs regulation. I believe that in order for the cryptocurrency market to become attractive to investors and funds, it needs to be regulated. ICO regulation will make investing safe and will help to get rid of scams and bad projects.
sr. member
Activity: 1848
Merit: 298
Buzz App - Spin wheel, farm rewards
February 28, 2019, 10:53:27 AM
Regulation at today's context is beneficial to both the investors and the honest ICO issuers but the problem is the process of regulating the ICO is a hassle for the regulators as there are plenty of loopholes and malpractices in the crypto industry.
full member
Activity: 602
Merit: 100
February 28, 2019, 10:47:43 AM
Regulation in general is a very controversial process. Because today, according to the law, they can begin to regulate for a long time, but for some reason everything is still not quite clear. Today, many people are waiting for a very serious recovery, but nevertheless, many say the opposite, that BTC will fall and nothing will be good at all. Everything is very strange.
member
Activity: 406
Merit: 10
February 28, 2019, 09:53:53 AM
If by regulation you mean eliminating scam ICO and making sure the project is working, then I definitely support it. Nowadays, more ICOs failed due to unrealistic product and some are just scamming people, so I guess its time to change that.
copper member
Activity: 518
Merit: 2
February 27, 2019, 06:53:07 PM
Of course we need stable rules implemented to ensure that this industry is completely purged. The rot in the system is getting too much and could make this perfect technology to cripple. The only way out of all the atrocities and crimes being committed in the industry is by introducing strong and stringent conditions that must be adopted by all levels crypto investors and enthusiasts. Only through this way can we have a useful industry.
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