Topic: Freedom for ICOs?!?! - page 2. (Read 588 times)
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.
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
In as much as many projects developers used ico to raise fund and many of them are scams, we should not rule out the beauty of some of them. I promote many of them and some of them have done well and many of them remain the best projects in 2017 . I have not come across the one that you have listed and I will try to study them before investing. 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
Yep, that's why we also need to create a safer way to promote ICO's by using the blockchain. Saw this kind of program from Acorn Collective. In this idea they would get every detail needed and if the proposing ICO meet the standards then Acorn would help them to crowdfund. I have no other idea to solve the problem and I just see Acorn to solve this all in the future.
Disclaimer: Im not promoting Acorn Collective, it just fits to this kind of topic.
Disclaimer: Im not promoting Acorn Collective, it just fits to this kind of topic.
It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?
If only it were that simple. Mass scamming of the last year have made people reluctant to invest even in promising and seemingly legit ICO's. As a result, they don't get enough financing and thus have to return the funds to their investors. Within a week I saw a couple of projects failing to raise the required amount. And it looks like a vicious circle of sorts. ICO's fail to reach their soft cap while investors are further discouraged from investing in them. It is the same as it was with altcoins. At first, there was a lot of hype and plenty of money lost in scamcoins, then truly original and worthy coins had difficulty making it through.
It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?
If only it were that simple. Mass scamming of the last year have made people reluctant to invest even in promising and seemingly legit ICO's. As a result, they don't get enough financing and thus have to return the funds to their investors. Within a week I saw a couple of projects failing to raise the required amount. And it looks like a vicious circle of sorts. ICO's fail to reach their soft cap while investors are further discouraged from investing in them. It is the same as it was with altcoins. At first, there was a lot of hype and plenty of money lost in scamcoins, then truly original and worthy coins had difficulty making it through.
As I can see, 80-90% good ICOs are reaching at least their softcup. I don`t see any problem here.
In my opinion, somehow ICO's regulation will be in favour of investors. Scam ICO's has left a negative image in mind of the investors, in consequence, genuine ICO companies like KickCity etc also do not get proper investors attention and unable to collect necessary crowdfunding.
Regulation in ICO's will give confidence and encourage investors to invest in ICO without any hesitation and fear.
Yeah, it is exactly what I want to say! But I heard from many people that they don’t want ICOs to be regulated! And I am like why? Do u want absolute freedom for what? I just can’t understand their state of mind. What do they want? So I wanna hear any reasons like pros and cons of both, maybe I can’t see anything?Regulation in ICO's will give confidence and encourage investors to invest in ICO without any hesitation and fear.
No I totally disagree, investment risk is personal. If an ICO expects to be successful then a long term reputation is reasonable and various assurances by third party bodies also operating longer term would be the normal way to proceed with business.
Just because the technology is new its doesnt mean every aspect of fund raising and starting a new business is unprecedented and new in its layout. They can just follow tried and tested ways to accumulate guarantees for investors.
It is more expensive to introduce ideas like escrow or bring on partners to launch ideas and companies but that is the normal cost of operating business. Thats not really regulation, its upto to the investors and those risking time and effort to see that a company proceeds correctly not unilaterally without proper accounting. Not all risk is reliant on government for assurance, I see that as a backwards step for crypto capitalism. Crypto is a decentralised system not leaning on public authoritys for security.
Government is biased to debt, its own prospects and politics. It has become a negative for business, its not a good idea to go back to a failing system. True capitalism is distributed by the market not a central body.
The whole idea of ICOs and Cryptos is FREEDOM! And know you are asking about regulations? You are like those people who never can choose their side. If it will be regulated, what is the difference between ICO and IPO then? I know that there are many scammers but it did not prevent me from doing research on your KickCity and participating in their Airdrop. No regulations!
Although I cannot imagine the situation when cryptocurrency is regulated, these ICO project must be controlled. Too many people have already lost millions of dollars as they invested into scam projects.
There are many people who think in the same way. Our problem is that it is hard to create methods to regelate ICOs but no currencies. Do you have any ideas, mates? What are the possible decisions? 
Although I cannot imagine the situation when cryptocurrency is regulated, these ICO project must be controlled. Too many people have already lost millions of dollars as they invested into scam projects.
It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?
Providing a good reason why the project should be trusted is one thing ICO's should consider to get the interest of many investors especially these days that people are getting more careful because of too many scam ICo's, developers need to exert effort in making their projects appeared interesting but also those investors must be careful in choosing ICO and make their most wiser decision.
There are hundreds of ICO's exist today that are scam! They are just collecting the money of the investors and sadly to say that it can be the reason why some of us are fear of investing in ICO. It will lead to totally loss of investors in ICO. I think it is better to have regulation which can be the proof that the ICOs are valid and needs to support. It is more interesting when scammed ICOs will be kicked off.
Good ICO can defend itself - people will be able to differentiate between scammers and really good concept backed by the reliable team.
But I don't think that we need the total freedom for ICO - I am convinced that we need some agency, or bureau which will evaluate every new ICO.
This will be more beneficial for both good ICO and for investors. Some kind of basic evaluation would be the best possible way to tell whether the ICO is reliable or not.
But I don't think that we need the total freedom for ICO - I am convinced that we need some agency, or bureau which will evaluate every new ICO.
This will be more beneficial for both good ICO and for investors. Some kind of basic evaluation would be the best possible way to tell whether the ICO is reliable or not.
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 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. ;-)
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. ;-)
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. ;-)
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
In every field there will always be scammers and people rewin the party for everyone, and the iCO field is no different, up until now i still haven't heard of any ICO scams, but i am sure that they will start coming up in the near future as it is a way of getting a lot of moeny, that is hwy people should never trust blindly what they see and always check and keep an eye for anything wierd about them, like unrealistic goals or a team of random people, and most importantly the whitepaper. 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
You cannot blame the people as you can barely separate what is legit from a scam as all of them will show the same features from a good website design to some start up events in which they show themselves to the public making them trust you even more. Investing in ICOs are really a risk except if you are putting your money to well known people and also legit projects. But there is still a shed of light for any upcoming ICOs as the cryptocurrency market is still growing many people might be interested in investing some of their money to ICO. But before they must dive into it they must know that researching and gathering data is one of the ways on how to avoid bad or fake ICOs.
Same vision, since I got notification from such a large number of individuals that ICOs are simply con artists, yet in all actuality they can create better and more cost-proficient items utilizing decentralized frameworks.
I think not of all these new altcoins or ICOs are that bad since there are some projects that are really aiming for something that can help. There are also a lot of projects that are just aiming to scam people but if we are responsible for our investment actions, we can tell what is a scam from a real one. If you are a newbie or an amateur investor, you can just ask someone that has an experience in that field.
Freedom of decentralization endeavours ICOs. Even stupid people aka a few of so called investors are the reasons why the scammy ICOs get money in the first place.So unless and until people wish to act smart,such ICOs will continue to exist. Regulation would help,but a lot of investors are interested in crypto because of anonymity factor,what would be the use if that also gets violated? So this may neglect away a lot of potential investors.
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