Do you think that ICO can completely replace traditional financing from banks?

MrCrank

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Quote from: PokerDiceMan on April 16, 2017, 06:34:57 AM

ico and bitcoin never replace position bank function
but if business need investor and big money if fast and solution use ico selling
because never use guaranteed same loan in bank

Agree with you.
But for run ICO need huge money.
In any case easier get loan in bank, no need a lot of money. Need go to bank and provide documents only.
Today exist many scam ICO.

Kprawn

legendary

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Quote from: digitalcoins on April 13, 2017, 02:23:57 PM

Do you think that ICO can completely replace traditional loans scheme from banks?

.......................................
So, if managed properly, ICO then can replace traditional funding sources.

I doubt if any serious investors will even consider investing money into unregulated ICO's. Yes, it might be easier and some

people might consider it because it is a easier and faster process than traditional methods.... but is it safe? For every 1

legit/successful ICO there are several scam ICO's. I think some legislation will enter this scene very soon and we will see a

sudden change in this scene. Roll Eyes

VTOS.IO

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Some icos only gave the token because they need to gave look at civic really excellent platform but i dont see any use of the coin. If you give people something nice they can use in your project and all icos do this will start to be better normal banking system. Also for me like enterprise is better icos investor only control the coin no your enterprise like ipos people buy stakes and they control a peecent of your company so in the future for the companies are more profitable make a coin

bitbollo

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Nec Recisa Recedit

Now in these last days ICO has a sort of public argument. If you see television and newspaper (national one's not specialized) talk about ICO and the new China regulation. ICO can be in a certain manner regulated, imposing no advertising and "ban" every third pay service from central banks. But with rising interest in cryptocoins it's really easy funds anonymously a project... so even with this China stop ICO can re-invent (not replace!) traditional financing of small/medium company and why not in future also big companies....

ASNT

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Well, it is only a matter of time before decentralized, people owned cryptobanks will rise. I think it will be more of an investment for creditors with an interest payout. However, securities would pose a problem as there would still be no legal way to pursue someone who wouldn't pay. Give it time and don't propagate the idea ICO's are a "gofundme" kind of scheme. Too many people gave ICO's bad rep, we should stick with serious projects that can actually offer something.

aTriz

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With the recent news with china banning ico's does look like a surprise that this got bumped up back to you to the top of project development.

Before this situation with china banning ico's happened, I would definitely say that in the near future if ico's don't become more regulated, people would rather do this than ask the banks. Now, not so much.

carlfebz2

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Quote from: European Central Bank on April 17, 2017, 07:35:25 AM

icos are against securities laws in many countries.

at some point the authorities will track down as many of the people doing them as possible and prosecute their asses into oblivion.

they better enjoy them while they last because bad things will happen one day.

It would happen for sure on which there would really be a point on where they would majority implement restrictions or bans on these things.It is indeed opposes on the laws. Time will come that majority would really make such act and the first action have been done already by China. The question is,what country would be the next to do such act?

OneUserOne

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Quote from: Solve.Care on September 06, 2017, 07:26:07 AM

It seems to me that it will be possible only in case of total revolutionizing today’s banking system. In some countries, ICO campaigns are simply prohibited. Also, Bitcoin network right now is rather weak, comparing to traditional banks, the system of which has been developing around the world for many decades. The process of taking ICO’s over IPO’s is realistic, but its complete replacement isn’t possible in the nearest future.

I agree. Apart from that, I think that banks could not be replaced because senior people won't fully trust ICO as they got used to traditional ways like banks, and anything different from it may get them really confused. Perhaps with time the situation of accepting ICO as so-called non-traditional way will change.

Solve.Care

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It seems to me that it will be possible only in case of total revolutionizing today’s banking system. In some countries, ICO campaigns are simply prohibited. Also, Bitcoin network right now is rather weak, comparing to traditional banks, the system of which has been developing around the world for many decades. The process of taking ICO’s over IPO’s is realistic, but its complete replacement isn’t possible in the nearest future.

vvadym

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I don’t think that ICO can completely replace traditional financing from bank in the nearest future, but it’s possible. It would be a long process. People have to be involved in ICO. More people in the system – the faster process goes. And banks, as everybody knows, could not exist in the future.

DNN

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It depends on what you need financing for. Some companies need financing to purchase products they want to sell or to rent office space or to expand their existing business.
ICO nowadays are based on promises that a group of people (sometimes not even developers) are going to deliver software, a network, a decentralized blockchain, etc...
In case of a regular business ICOs (as they are now) won't work so banks are still very attractive for them.

Also ICOs have not been regulated yet, once the SEC or other local authorities get involved we should see how the future pans out.

cahkalem

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i believe, just a few decade's from now, ICO will replace it,,,
this is a revolutionary of financial system,
everybody can be a part of this, not like a bank,,,

regards

tycoonwhibbey

newbie

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Heaven Yeah.

You are absolutely right. They are being replaced. My fact
IN CRYPTOCURRENCY IT IS BOTH THE MONEY AND THE STOCK. LIQUIDITY REIGNS.
The younger generation will think it is right for the stock of a company to buy a bag of chips, everyday at anytime. These old folks gone die and we are going to control. The blockchain, freedom will be life.

Kakmakr

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I think a crowd funded version of "Shark Tank" or " Dragon's Den" based on Bitcoin based projects would be the ideal environment to spearhead such an environment. We need "Early adopters" with loads of coins that would be willing to fund Bitcoin businesses based on merit and this must be linked to crowd funding.

The crowfunded coins goes into a pool and the knowledgeable panel < example : Andreas / Greg .... > can decide towards what projects these coins will go. ^smile^

the1arty

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If it will replace traditional financing, than new regulation and strict laws will come in place and will kill the industry..

terrate

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Quote from: European Central Bank on April 17, 2017, 07:35:25 AM

icos are against securities laws in many countries.

at some point the authorities will track down as many of the people doing them as possible and prosecute their asses into oblivion.

they better enjoy them while they last because bad things will happen one day.

That's difficult for online 'things' to enforce by authorities .
Because unless big banker or people got scammed by the ICO, or else will be nobody voice that.
Also no benefit, how got enforcement.

terrate

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Newbie in online currency , love learning

No no ICO will not replace one.

first it is tech things to became coin. so no network no coin.
bank is got cash got asset got liabilities then got bank.

ICO can become zero because of volume.
but bank don't have the 'coin' ., their coin is country currency.
Only got their finance product but those are financial plan.

Populous World

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Quote from: European Central Bank on April 17, 2017, 07:35:25 AM

icos are against securities laws in many countries.

at some point the authorities will track down as many of the people doing them as possible and prosecute their asses into oblivion.

they better enjoy them while they last because bad things will happen one day.

Shows how much you know, it all depends on your country of choice, company structure and how the token plays a part in your project. by saying that icos are against securities laws in many countries is not entirely true. Not all ICOs are security related, you are basically saying tokens are assets.

European Central Bank

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icos are against securities laws in many countries.

at some point the authorities will track down as many of the people doing them as possible and prosecute their asses into oblivion.

they better enjoy them while they last because bad things will happen one day.

Populous World

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Activity: 280

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Hi, what your suggesting, sounds exactly whats out there at the moment. For example there are funds like Blockchain capital, Taas.fund to name a few. My thoughts on replacing banks as prime financing bodies using ICO's is a long way off for now, I say that because a lot of business is conducted in fiat currencies and we need to allow time for a shift in peoples mindsets to realise the true benefits in using cryptocurrency in global trade. I myself have started a lending business which incorporates some of the above you mentioned in your post, one of the first things that should be addressed is the risk aspect of the business. After all investors who put their money into such businesses or ICO's needs to feel that the project is viable and limited to a certain amount of risk and will provide a return in a relative short time span.

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