Great resistance against new ICO's all over the world by goverments and banks...

drachman

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Quote from: ?? on ??

It was clear that the more successful crypto currencies and ICOs will become the more governments and banks will start to attack it and the public press is of course a part of them as we all know there is no free media. Great resistance confirms that we are oj the right way but I doubt that it's all over the world. Can you give us the names of those countries?

As they were not able to prove that bitcoin is a scam they probably focus now on ICOs as some of them are indeed a scam and they can prove it.

Yeah but at the end even if they try to damage the image of bitcoin the effect that is going to have cannot be that high, since people are now more informed about bitcoin, those that are considering buying bitcoin look for news themselves and are not subject to the manipulation that those that only watch TV are subject to, so I do not care if the traditional media keeps saying that bitcoin is a scam when you can easily look for evidence that proves that is not correct.

Snaic

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If we consider that recently the number of ICOs has increased dramatically and the number of fraudulent ICOs has increased, it is logical that state bodies will oppose their conduct and take a number of measures to reduce risks and protect investors. This is quite predictable reaction of these structures. I also think that there is already a need for state or public regulation of the ICO.

stronghands4lyfe

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The revolutionary trading ecosystem

Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

I think it is good we are seeing push back from governments and financial instituions because ICOs became too greedy overnight these past few months. Get back to asking for normal raises and stop requesting lambos from the

community we are not your purse! It is most certainly not like the stock market because all those companies are legitimate and vetted whereas there are tons of scams in cryptos. I have been here less than 6 months and have

already been scammed 3 times over. This wont be the last attempt either watch.

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

There are warnings,but at least Europe is not against ICO'.ICO simply exist,it is quite big,and thanks ICO some start ups will turn in to seccesfoul companys and his investors will very happy

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

Quote from: topesis on November 23, 2017, 02:10:29 PM

Why won't there be a resistance against ICOs, because Banks know that if this continue they will re irrelevant and they want to keep grasp hold of the economy, but the landscape is changing only few of them are seeing this change

I share your opinion. I do feel that banks are threatened by the ICOs and the crypto world in general, but that won't change anything. No matter how hard banks and other financial institutions try, they will never be able to successfully break the crypto world. They fear that they are becoming obsolete due to the emergence of bitcoin and the altcoins. I agree that many ICOs are simply scams meant to steal your money, but there are legit ICOs out there.

topesis

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Why won't there be a resistance against ICOs, because Banks know that if this continue they will re irrelevant and they want to keep grasp hold of the economy, but the landscape is changing only few of them are seeing this change

drachman

sr. member

Activity: 756

Merit: 252

Quote from: nitehawk on November 14, 2017, 06:15:07 PM

The ICO industry is full of scams, and this is not looking good for the industry being able to regulate itself, which is why so many countries are taking the side of banning ICOs, or at least investors investing in them. It's unfortunate that the industry is to full of scammers. There needs to be some legitimate web services which can actually audit ICOs, by audit I mean being flown down at the ICOs expense, to inspect offices, financials, meet staff, etc.

That would be nice but the scammers are never going to allow it, it is funny that icos now have KYC customer policies but we do not have know your ico policies that in my opinion are a lot more important since they are the ones that at the end hold millions of dollars worth of bitcoin.

Pab

legendary

Activity: 1862

Merit: 1012

It is not exactly as you told,gov and regulators are issuing warnigs but many see ico" like a good concept,90% of scams sure same was with altcoins,regulations it can be some for example ready functional alpha beta of product,voting rights etc,financial reports,hard cap etc.For what to buy great ico if product will be ready after 3 months it will fail below ico price

colvis

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Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

for me most government are saying that to protect the interest of its citizens why most of them are talking out of experience. most ICO today are scam reason being that they have seen that their are alot of people who are ready to invest there money on the ICO in other to make some profit. for me resistance is not the best option but lets just be security caution

limmousine

sr. member

Activity: 546

Merit: 251

Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

government regulation is right, I think it's good to prevent citizens from being fooled and wrong choosing ico.

LAservice

newbie

Activity: 25

Merit: 0

Yep true..but it is also proofen that the stakes can be very high as is the profits.
That is why i like to have somekind of independed "proof of trust" site where all new ICO's can proof there trust.
This will be no garantee but it makes all a bit more transparent...i think

Dutchyyy

legendary

Activity: 1197

Merit: 1001

Quote from: bitcoinbox on November 14, 2017, 07:18:44 PM

It is actually a good thing that the medias are warning people about ICO's.
If you just arrive in the cryptoworld and get scammed by an ICO, you will probably never look again at crypto, which is sad.
For more experienced people, we know that there are so many scams and we tend to be way much more suspicious.

I can't agree with you.

If you got scammed, the most probable reason will be that you've invested in something which is "too good to be true". This is valid any venture - in real or virtual world. If you are not using your own head, nobody will help you. But at least there will be nobody to blame on.

Dullmartini

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It is like the stock market, considering you buy and sell tokens on an exchange. Except that it’s not regulated like a stock market. There are a lot of scams in the ico space and a lot of poor projects that will never make it anywhere. That rarely happens in the stock market due to regulations.

A lot of investors could see icos as a get rich quick scheme and don’t understand the risks or the fact they are not regulated. I think it’s good that governments issue public warnings.

LAservice

newbie

Activity: 25

Merit: 0

For company's it is a big opportunity to get investers for their course.
For that it is a good bussiness plan and maybe profitable as i mentioned before.
But...therefor it needs a good platform for reference.

So yes, i find it the future, but it has to be regulated in some form without influence of anybody.

NathanJB

sr. member

Activity: 756

Merit: 251

Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

I think this is largely due to the fact that the traditional companies are having a very hard time looking for investors to fund their projects or brilliant ideas. And seeing the ICO as a new way that is being used by crypto projects to gather support in terms of investment is carried out far easier, they are starting to influence their own governments to ban these ICOs. They better join the ICO party if they wish to.

LAservice

newbie

Activity: 25

Merit: 0

The BIG problem is that the cryptoworld can not be stopped nor controlled in any way.
It's open and free like people want it to be.
So there has to be a platform or portal(hardware, legaly and software) where everybody can check if the wanted ICO, is trustfully or not.
This has to be global ofcourse but....how?
It may not be controlled by whatever country, gouverment or whatever at this level.
Maybe we can make something the same as linux thorvald invented....some kind of open source portal...

i don't know but it's a thought....think with me...

John Langut

full member

Activity: 168

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I find it a bit hypocritical to be honest. There are so many things in the regulated markets that are also dangerous, but they pretend it's safer. Isn't that worse? You think you're safe but you're not. At least with ICOs you know all bets are off.

bitcoinbox

sr. member

Activity: 675

Merit: 254

So far so good

It is actually a good thing that the medias are warning people about ICO's.
If you just arrive in the cryptoworld and get scammed by an ICO, you will probably never look again at crypto, which is sad.
For more experienced people, we know that there are so many scams and we tend to be way much more suspicious.

crypto-curious

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Activity: 210

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Because ICOs are coming in numbers [400+ a month!!]..It has govts seeing red.

Some are scams - there are always people trying to make money off of a hype.

Hopefully the regulations put in place are not outright bans, but something that will help it prosper and guard against fraudulent activities.

Dutchyyy

legendary

Activity: 1197

Merit: 1001

Quote from: LAservice on November 14, 2017, 06:03:16 PM

Date now 14-11-2017:
How do you think about the big resistance by a lot of goverments and official financial institutes ?
It's lately all over the news that a lot off warnings are coming from news agency's not to invest in so called ICO's.
It is also a fact that some are scams but some are very profitable.
Some are saying it's like the stock market.

It's normal process because regular fiat institutions like banks and regulatory commission are not getting their share, white-grey-under the table.

Current ICO status is like Wild Wild West on stock market. Completely unregulated, with a lot of scams and a lot of legit projects. But you need to use your own head and make a profit instead some commission to tell you where to put your own money.

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