Freedom for ICOs?!?! | Bitcointalksearch.org

budz0425

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Quote from: Snaic on May 26, 2018, 02:02:58 PM

In the near future, states will begin to massively regulate the ICO process in order to reduce the number of frauds among such campaigns. Very strict regulation of ICO projects is planned in Russia, where the proceeds from the sale of tokens will be credited to a bank account and the targeted use of this money will be controlled. Fraud in this case will be almost impossible.
If the process of regulation ICO will be extended to other states, then the popularity of ICO will greatly increase.

Since nowadays a lot of ICO are coming in the market so government must have a strict implementation with this and would put a regulation and announced it to the public if they allowed this kind of ICO or not so that people will become aware of it and would not waste their hard earned money.

Snaic

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In the near future, states will begin to massively regulate the ICO process in order to reduce the number of frauds among such campaigns. Very strict regulation of ICO projects is planned in Russia, where the proceeds from the sale of tokens will be credited to a bank account and the targeted use of this money will be controlled. Fraud in this case will be almost impossible.
If the process of regulation ICO will be extended to other states, then the popularity of ICO will greatly increase.

nrgmanuk

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Because most people do not know what it is. That an ICO is just a kind of a shares offer from a startup, but without all the controls that a usual share offer has.

laravuemaster

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When Football meets Crypto

Quote from: alex2011576 on January 24, 2018, 03:38:48 PM

Hi,

Nowadays thousands of ICO companies come into the world and die! The problem is that big part of those ICOs are means of just getting money and nothing else. It causes lack of trust and people are afraid of investing their money in ICOs.

But there are many very interesting ICOs with high potential and ready product, which suffer from widespread opinion that majority of ICOs are scammers.

E.g. KickCity is a company that has existed for two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion. Such companies shouldn't meet obstacles because of scammers!?

What is your opinion on modern ICO regulations and investors' attitude to ICOs?

P.S. all mentioned above is my personal opinion and I glad to hear any attitude

They die because their developers failed to promote their own coins on different social media and because of that, their coins are failing to grow even more because of the bad production of platform.

zeingrind777

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Yes, you're right. many people are not responsible for profit by being a scammer. this has an impact on other ICOs and deprives investor confidence in ICO

DMCR lah

newbie

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I think it would be better if ICO will undergo the rules because in fact there are a large number of ICOs who are present to just scam and take people money without their knowledge.

King money

newbie

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Quote from: alex2011576 on January 27, 2018, 03:51:17 PM

Quote from: boyshx on January 27, 2018, 12:01:29 PM

I am pretty sure that there is no good relationship of regulatory bodies and the crytpo currency itself. Have you guys ever imagined how official around the world are craking the fire around about how they willing to regulate the crypto or want to ban it completely. Nonetheless we do realise that they will be regulated one day and then we might just see some good days coming for the ICO otherwise whole thing going down surely.

And yes I do think that it affects the economy of crypto adversely and if needed we might just need to get out of it ourselves. ;-)

Interesting point of view, didn't thing so much about complexity of realizing any regulations in this field and how it will affect currencies. Thx, mates. You all broaden my understanding of the process Tongue

I think you can easily buy a used and damaged car and you lose your money, this will always be a factor of demand and then price across the whole market, as with a car you can do due diligence in advance and reduce the chances of becoming a loser because they make a bad investment.
This is the way every market operates, it's the same for many things and you can find a lot of studies about it, the common one is looking at the used car market and what's known as 'lemon'.

Altcoins enthusiast

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Acorn is not a scam from my own little research on them but we have several of those icos that are scam. Some guys has just been arrested in my country because of this and hope those bad eggs among icos be face out in no time. I have lose money through icos investments and I have makes up my mind to only promote those projects that I have researched on.

gabrielc2097

newbie

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Want airdrops? Here I have one with a very credible and easy to make payment potential. They have to enter through the link that leaves them. Arcorn colletive has an airdrop of OKA tokens¸ 5 in total with a value of 7 USD, they have to have a wallet ERC-20 nothing of Exchanges, myetherwaller is one. Now when they enter they fill the entire form and they have to wait until June to make the payment. When you receive your confirmation email there will also be your referral code, this is just registration and waiting for your tokens, you do not lose anything for doing that quickie plus they have a lot of followers and in the previous airdrop they did it was a success, I do not see why that this is scam have 100K on twitter then.

link https://airdropalert.com/join/Acorn/538d0c3e-b9b8-31fc-b2ec-3944ca4b35be

have nice day!!! Cool

jaysabi

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Quote from: cchub on February 02, 2018, 04:18:01 PM

I believe regulators should be aware of some things considering the whole society interests, but ICOs in general could be subject to more self-regulation than government regulation.

The securities industry has a self-regulatory body; FINRA is an industry group that regulates broker-dealers, but also does so under the supervision of the SEC. Perhaps this would be a better solution than outright government supervision, but I'm firmly of the belief that the cryptocurrency industry hasn't the will nor the expertise to regulate itself. It's propagated by far too many bad actors thriving in the lack of regulation. And as long as ICOs are securities, which they are, they are under the jurisdiction of the SEC already.

The_Dark_Knight

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Quote from: davis196 on January 25, 2018, 02:12:36 AM

Regulation can help a lot,but even without it,it`s relatively easy to separate the trusted projects from the scams.Usually the legit ICOs have big advertising budgets and spend a lot of money to promote their projects.
This is a good sign.If some projects owner invests his own money into the ICO,he is determined to build a legit business.All the scammy ICOs,rely on free promotion and social media spamming,because they want fast profits from their scam.

No, a big marketing campaign means nothing, that only means the people behind the project have more money to spare in marketing, just look at bitcoin, bitcoin did not had an ico and it did not had marketing campaigns and still is the most successful coin ever to be created, so as you can see a big budget for marketing is not a must, many projects have started without too much publicity and have become good projects over the years.

Quidat

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Quote from: alex2011576 on January 24, 2018, 03:38:48 PM

Hi,

Nowadays thousands of ICO companies come into the world and die! The problem is that big part of those ICOs are means of just getting money and nothing else. It causes lack of trust and people are afraid of investing their money in ICOs.

But there are many very interesting ICOs with high potential and ready product, which suffer from widespread opinion that majority of ICOs are scammers.

E.g. KickCity is a company that has existed for two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion. Such companies shouldn't meet obstacles because of scammers!?

What is your opinion on modern ICO regulations and investors' attitude to ICOs?

P.S. all mentioned above is my personal opinion and I glad to hear any attitude

It cant really be avoided that scammers would really take this opportunity on making money which would generally affect those who do have potential or do have already some working products but well its not really a major effect since company can able to represent regarding on their status which investors would really get some assurance that it is a legit and do have a potential.

cchub

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Migranet ITO

I believe regulators should be aware of some things considering the whole society interests, but ICOs in general could be subject to more self-regulation than government regulation.

jaysabi

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Quote from: alex2011576 on January 24, 2018, 03:38:48 PM

Hi,
[snip]

What is your opinion on modern ICO regulations and investors' attitude to ICOs?

ICOs are securities and should be registered as such or properly filed as exempt. Unregistered ICOs are currently being used to skirt securities laws, and anyone doing that should be viewed with the maximum amount of suspicion. It may be unfair to label all ICOs scammers on account of a few, but it certainly is not unfair to regard anyone issuing an unregistered ICO as someone attempting to avert regulation, and therefore suspect them of not acting honestly. There is essentially no difference between an ICO offering and a securities offering, except the ICO doesn't grant ownership rights to the business raising the funds, and so ICOs (in my view) are generally bought into by people who aren't sophisticated enough not to be taken advantage of.

whyrqa

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Quote from: St4yInTh3D4rk on February 01, 2018, 08:01:23 AM

I think no one can control the creation of ICOs,anyone create their own tokens or coins if they want.But the investors have to be aware of the scam projects so these kind of projects will fade away soon if people know how to find the scam and legitimate ICOs.

it's actually quite difficult to determine where Afera is And where a good legal ico. The fact is that if a person decides to make money by making a fraudulent project and that his company collects money from investors, he will do very precise work and qualitatively enough so that no one can determine their intentions. I, in turn, determine only intuitively, although I certainly study all the information about the company's ico.

wuvdoll

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Quote from: Basmic on January 31, 2018, 10:42:06 AM

I see no mechanism which can stop fraud on the market ICO. Who will determine the reliability of the company? You propose it should do the officials? I don't believe them. The cause of ICO is associated with the fact that people do not see the possibility to provide their projects with funding. There are now investment funds but they do not satisfy the requirements of the time.

So what are we all going to do? It’s not our fault that we invest in wrong ICOs that turns out to be scam at the end, and you can never tell which is scam, you can’t tell cause it’s hard to do that. You can’t label every new ICO a scam just because most of them turns out to be scam at the end.

Even these old ICOs with reputation today, they were once on the list of new and untrusted ICOs, but still made it to the list of the best. Maybe the best solution to this is just for us all to be investing little money in ICOs and not invest too much. That’s what I have to say and I will say it again– INVEST WHAT YOU CAN AFFORD TO LOSE !!!.

St4yInTh3D4rk

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"STAY IN THE DARK"

I think no one can control the creation of ICOs,anyone create their own tokens or coins if they want.But the investors have to be aware of the scam projects so these kind of projects will fade away soon if people know how to find the scam and legitimate ICOs.

CrazeCoinz

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There's no regulation in making an ICO's so that's the freedom on the developer to create on there own. But as a investor we have the right to choose where we want to invest. If only if all people who wants to invest in any ICO's will do there research about the project, read the whitepaper or the road map, know who are in the core team, and be responsible then we can minimize these developer who only wants to scam us. As i observe, most people will invest directly without knowledge about the project. So sad they are prone to be scam.

hinterland

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People should take responsibility for their own actions IMO.
ICOs provide a unique way to raise funds, if you are only investing for monetary gain then its at your own risk like any other investment.

Unless there is compelling evidence to suggest it's a benefit to everyone I would never support restrictions.

Arngrim

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I highly agree with you.
It became like a mother cow where they will milk it until it is all dried out.
Then say goodbye to the project in which they all have worked hard for.

It is sad but that is reality. It is not really support that they have given but just money to double it after the ICO.
I hope they can at least wait until that project is secured then they can withdraw if they want.

Topic: Freedom for ICOs?!?! (Read 630 times)