Topic: ICO's killing crypto - page 3. (Read 3638 times)

crypto have never been the same since ICO0 the ICO coin sales value steered throughout the year 2017 are more than ten times as much as in all of last year

Crypto is a international currency and there is a lot of big whales which have pretty big experience then they are trying their logical tricks to apply to make the market down like they are trying to instill fear in the people about the crypto currency with some bad news and after that with some good news they can gain a big profit.

I agree, but not completely because ico they lure many new people to this market and this is a positive side.

Banning ICO is actually a good thing, people have started messing it up and turning it into scam. Chinese did a good thing to regulate it. ICO really messed up crypto space and I believe with regulation market will be back to what it use to be.

It is sad a lot of them are like that. You've got your weak hands in the beginning and that's it if its a good project. You're right, they bring so much opportunity to not only the financial world, but the way people live life daily. Just gotta hunt for the good ones!

We cannot really do much about this, can we? It is normal for anything to have advantage as well as disadvantage. So I guess we will just have to stick with what we have presently since the innovation behind ethereum has really helped to spring up some quality coins as well and also helped generate a lot for the crypto community as a whole.

I think this depends on what your goals are and how to go about them. Quick profit? don't invest long, invest and short it immediately.

for long term investments, it takes more research of the company, vertical that it's in, the problem it's solving and it's product, etc.

Not that extreme. They’re just going to leverage the ICO regulation to increase the digital tracking of everything we do:

It was expected that governments would take attempts to regulate ICO and criptocurrecies at all (exchanges and etc). Capitalization growth of criptocurrences has big influence on governments strategy - the bigger capitalization growth of crypto the more efforts will be applied to regulate it.

Why do you think so? With ICO you can get good coins for good price. For sure you need to know where to invest and how. This part is always tricky!

ICO's and IPO have same thing in common. Its risky. Most of the success depend on team, marketing and a bit of luck.

Awful icos are harming crypto, however this too should relax and still crypto will survive. ICOs are harming crypto, however this too might take a break and still crypto will survive. ICOs are taking valuable market top from what could be put into Bitcoin. They bring a radical new measurement to crypto that we have never observed.

You're right, ICO are ethereum provider. Anyway, we can benefit them also and still there's a big rewards in joining their campaign.
And some ICOs are successfully launch, but some of them are vanished in the middle of their campaign(scam).

ICOs are indeed full of scams and they are freely roaming the ICO streets without any law that strictly prevents them from multiplying. China is reacting to this properly as regards the ICO ban. But there will still be another law that would only put regulation in place of the ban because ICO is still widely used by good projects.

In some sense i agree with this i know that if we do not have initial coin offering we would'nt have neo,ripple, eth etc. But there are group of people who are using initial coin offering as a scheme.

Ethereum is facilitating a wave of shitcoins and most will never see the light of day. The coin itself is a shitcoin that can't even perform a basic function of a cryptocurrency i.e. multisig. The only thing propping it up is the perpetual token sale whereby investors have to buy ETH to buy said token. It was setup to be a crypto ponzi scheme to attract regulators to this market and that's essentially what it is - a trojan horse.

https://news.bitcoin.com/ethereums-parity-client-users-lose-millions-multi-sig-hack/

It's backed by big bankers from Wall Street who have developed an automated shitcoin factory with ETH as the center spoke of the wheel. A nice PSD will get you 30 million in funding sometimes more. Vitalik Buterin is nothing more than a front man for the big bankers. They figured he was some kind of authority in Bitcoin since he co-founded bitcoinmagazine.com so they hyped him up as the next Albert Einstein and all the idiots on Main Street ate it up.

ICOs have been around way before Etheruem was even an idea. The reason why it didn't attract regulators is because it required a minimum technical understanding of the Bitcoin protocol to launch a cryptocurrency to hold a premine for the ICO. Now every dip shit in silicon valley and on Wall Street is trying to launch their own token through it. Some even promoting integration with VISA and Mastercard.. Bitcoin and cryptocurrency was never meant to co-exist with VISA or any other payment processor for that matter - it was meant to replace it.

Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
https://bitcointalksearch.org/topic/satoshi-nakamoto-bitcoin-can-scale-larger-than-the-visa-network-1391350

Silicon valley and wall street are co-opting Satoshi's movement to co-exist with the current system instead of replacing it. If it keeps going down this road this movement will die and be remembered as a tulip bulb bubble. By investing in these ICOs and supporting Ethereum YOU are responsible for contributing to the downfall of this legendary movement that has the potential to completely disrupt the central banking system and the debt slavery cycle that has imprisoned mankind for over 100 years.

Shitcoin projects like Civic who are promoting identity based cryptocurrency as a de facto standard are also contributing to the downfall of this movement. I wouldn't be surprised if that is a government project meant to derail this movement and discredit Bitcoin and it's counterparts. Why do we need identity based cryptocurrency to replace Bitcoin or any other cryptocurrency? When you strip away all the fancy GUI wallets and the mobile applications all cryptocurrency is just data on your computer that you can transfer through a transmission protocol. If an identity is mandated for a file on your computer, then where does this end? Must an meme or gif also have a digital identity signature? How about a word document you send to a journalist through a peer to peer transmission? Do you see where this is going?

https://cryptoinsider.com/civic-blockchain-solution-combat-cybercrime/

The downfall of crypto was premeditated by the central banks:

1) China ban
2) Dimon discredits Bitcoin ("This will end badly"- Dimon)
3) G-8 slaps North Korea with sactions
4) China cuts trade ties with North Korea

What comes next (end goal)

5) All governments of the world accuse North Korea of using Bitcoin to fund their weapons program and attempt to impose draconian regulation (this is coming and will mark the biggest test for Cryptocurrency)

https://www.bloomberg.com/news/articles/2017-09-11/north-korea-hackers-step-up-bitcoin-attacks-amid-rising-tensions
http://www.businessinsider.com/north-korea-allegedly-stole-bitcoin-from-south-korea-2017-4
https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/
https://www.cnbc.com/2017/09/12/north-korea-hackers-trying-to-steal-bitcoin-evade-sanctions.html

This narrative is the same one pushed by the mainstream media with regards to Iraq and it's WMD program. Similarly, they cite no evidence of North Korea using Bitcoin yet they'll keep regurgitating this talking point until it the banhammer comes down. The Potcoin project is also to blame for this facilitating this narrative when they sent Dennis Rodman over there in Potcoin attire.

That's the real idea people should beware of. Interventions to free market doesn't work ideally. The market can decide whether a project is valuable or no.

Please study the facts.

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

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That is why we live in societies without any police and we allow the most corrupt to sell empty bags to greater fools to crash the economy is a massive Ponzi scheme that envelopes all the people in a mass mania such as the South Seas Bubble or the Tulip Bubble.

That is known as a Tragedy-of-the-Commons, because it’s a power vacuum that is captured by the most corrupt. It’s an inefficiency in the free market from a localized temporal perspective.

Corruption was Crazy during 19th Century




Regardless of whether that form of laissez-faire capitalism is better or not, the securities regulators and laws are a reality we have to contend with.

ICOs are just one more way of raising funds.

Free market takes care of itself, there aren't as many scam ico than there were few years ago. Investors get smart overtime and learn to do their research before investing. Do you really want government telling you where to spend your money? because that's what regulation would do. It would make it more centralized. Is it a good thing or bad thing? there are prons and cons but I prefer wild west than centralization which would make everything not so anonymous and make no mistake, just because it's regulated doesn't mean there won't be scam.