Topic: ICO's killing crypto - page 5. (Read 3638 times)
When the ICOs are regulated, the picture will clear up more. Now, it's a highly risky option to deal with ICOs, or you should make a big exploration to find the reliable one. But in any case, crypto is not close to death at all.
In my opinion, ICOs are a way to expand crypto further — people who hold a big amount of BTC/ETH, etc. cannot cash them out — this would ruin the market. But they obviously need their money to work for them. So the best possible way is to invest in ICOs.
Of course, there will be a lot of scam projects. But the further it goes, the harder it will be to hold a successful token sale. You will need to show a working prototype, first clients, etc. Same as with VC — back then it was much easier to raise a seed round than it is now.
And if you spent a viscirous amount of resources on proofing your concept, then it's likely that you continue developing it.
Of course, there will be a lot of scam projects. But the further it goes, the harder it will be to hold a successful token sale. You will need to show a working prototype, first clients, etc. Same as with VC — back then it was much easier to raise a seed round than it is now.
And if you spent a viscirous amount of resources on proofing your concept, then it's likely that you continue developing it.
Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.
It has some bad influence to crypto, but I don't think icos will be killed by governments . No one could stop the development of block chain , China limited some shit icos, they were scammer.
Ico's are a great opportunity for start up to reach their goals faster, i'm investing in ico's at my own risk, i always take a lot of times to see if a project is worth my investment, been disapointed sometimes but overall i'm really happy with my investments.
To be honest, these ICO are defiantely having an adverse effect on the entire crypto. With so much of influx of new money, some ICO's are making absurd collections. For gods sake, ICO's like filecoin and tezos teams do not even have to work and can chill in Bahamas or some place without working any single day anymore. I am happy for all the regulations that are coming in, most scams will cease to exist in future.
I would rather have less regulation than too much regulation. Like I said... I put it on the investor to do their research and decide if it is a good investment decision. If you don't do it and you just follow the buzz of some new shiny ICO then you can only look at yourself for blame. Regulators always do knee jerk reactions that will inevitably make it tough for any ICO's moving forward. Some have real products with real promise, some do not, and other are complete scams but leave it up to the investors to make the choices. I never like having big brother tell me what is best for me to do with my time and money. But as far as China goes I am happy they are getting out of the game. Japan will be the largest player in mining in 2018 so they will cease to be important.
To be honest, these ICO are defiantely having an adverse effect on the entire crypto. With so much of influx of new money, some ICO's are making absurd collections. For gods sake, ICO's like filecoin and tezos teams do not even have to work and can chill in Bahamas or some place without working any single day anymore. I am happy for all the regulations that are coming in, most scams will cease to exist in future.
All I see in this thread are a bunch of greedy newbs or otherwise rapacious jackass's rather poorly attempting to defend their ponzi-pyramid scams.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
Hey... If you don't do your due diligence then some of the blame goes to the ignorant investor. Besides, painting things with broad strokes can be dangerous since there are a lot of great ICO's out there. Regulation is the killer of innovation. If they are going to drop regulation then it needs to be well thought out and not completely stifle the industry.
China ban ICOs because at china have so many company use ICOs to make money ,it is not helpful or useful for investors ,it is not real .
I think china ban ICOs is good news in china ,but they ban exchanges is not good ,we need More and more exchange where we can trade crytocurrenty, crytocurrenty was born to trade is main .
I believe A good ICO have roadmap ,company ,developer team behind .. Still have a success story .
No one or anything can kill crytocurrenty, i believe that .
I think china ban ICOs is good news in china ,but they ban exchanges is not good ,we need More and more exchange where we can trade crytocurrenty, crytocurrenty was born to trade is main .
I believe A good ICO have roadmap ,company ,developer team behind .. Still have a success story .
No one or anything can kill crytocurrenty, i believe that .
Yeah, agree with you.
not only in china, but in other country too. every online ponzi (or multi level marketing) business trying to make their own fake coin and label it as an initial coin offering to attract more investor. like every HYIP site has their own coin. it is the trend now.
I agree that one has to be extra careful when investing in ICOs - research is key!
However there is a lot of hypocrisy from the elites with vested interests.
We all witnessed the blatant market manipulation recently carried out by Jamie Dimon with the help of the mainstream media. The Swedes are even making threatening noises towards JP Morgan - although we all know nothing will come of it.
https://news.bitcoin.com/jamie-dimons-bitcoin-statements-reported-as-market-abuse-in-sweden/
Personally, I think it is good that China have put on the brakes. Many other regions are looking at ways of regulating the ICO area. Meanwhile we have platforms like Waves that are actively working with the authorities to suggest ways of regulating - be it self regulation or legal frameworks with help from organisations like Deloitte.
However, as I said above, with or without regulation - Do your research!
However there is a lot of hypocrisy from the elites with vested interests.
We all witnessed the blatant market manipulation recently carried out by Jamie Dimon with the help of the mainstream media. The Swedes are even making threatening noises towards JP Morgan - although we all know nothing will come of it.
https://news.bitcoin.com/jamie-dimons-bitcoin-statements-reported-as-market-abuse-in-sweden/
Personally, I think it is good that China have put on the brakes. Many other regions are looking at ways of regulating the ICO area. Meanwhile we have platforms like Waves that are actively working with the authorities to suggest ways of regulating - be it self regulation or legal frameworks with help from organisations like Deloitte.
However, as I said above, with or without regulation - Do your research!
WARNING: those who are trading and promoting ICO issued tokens to non-accredited investors in G20 nations (even via an exchange) may be incriminating themselves. Even the European Union has a criteria for accredited investors (and even Ethereum didn’t restrict its ICO accordingly):
https://en.wikipedia.org/wiki/Accredited_investor#European_Union
These guys could possibly end up in a pickle (they’re in Hong Kong and Cayman Islands):
https://bnktothefuture.com/icos
Every major nation has securities regulation law which applies to ICOs (including even Japan and India), and eventually the authorities will crackdown and enforce the laws:
Unless they identify and verify accredited investor status and file the appropriate paperwork in every jurisdiction where those accredited investors reside, then they’re still illegally issued securities, e.g. EOS’ checkbox for “I’m an accredited investor” is not legal issuance. Anyone promoting or trading these (including the owners of the exchanges!) may be incriminating themselves.
Tokens issued under an accredited investor exemption must only be traded to other verified accredited investors. If the issuers/promoters/investors reasonably expect these tokens to be listed on public exchanges then they are probably committing a crime. An attorney pointed this out.
Fundraising via tokens is a giant mess that should be entirely avoided by everyone (at least until the authorities provide some new legal framework which might be many years from now, especially since it will require globalized harmonization of law in order to allow trading across nation-state borders). ICO issued tokens are doomed and will likely become illegal to trade and thus worthless. Expect exchanges to start voluntarily delisting ICO issued tokens once they realize the deep shit they are in. You’re investing in empty bags that have never produced any real world use or than facilitating selling empty bags to greater fools.
https://en.wikipedia.org/wiki/Accredited_investor#European_Union
These guys could possibly end up in a pickle (they’re in Hong Kong and Cayman Islands):
https://bnktothefuture.com/icos
Every major nation has securities regulation law which applies to ICOs (including even Japan and India), and eventually the authorities will crackdown and enforce the laws:
With the recent bans, and news of crypto tightening regulations, some coins (mostly those which are modeled as a security) are beginning to move more into an accredited investor/institutional investor-only ICO.
Unless they identify and verify accredited investor status and file the appropriate paperwork in every jurisdiction where those accredited investors reside, then they’re still illegally issued securities, e.g. EOS’ checkbox for “I’m an accredited investor” is not legal issuance. Anyone promoting or trading these (including the owners of the exchanges!) may be incriminating themselves.
Do you guys see it as ICOs/blockchain defeating its own purpose by being open only to individuals with the big bucks, a needed measure, or there is way for us to agree on a middle ground?
Tokens issued under an accredited investor exemption must only be traded to other verified accredited investors. If the issuers/promoters/investors reasonably expect these tokens to be listed on public exchanges then they are probably committing a crime. An attorney pointed this out.
Fundraising via tokens is a giant mess that should be entirely avoided by everyone (at least until the authorities provide some new legal framework which might be many years from now, especially since it will require globalized harmonization of law in order to allow trading across nation-state borders). ICO issued tokens are doomed and will likely become illegal to trade and thus worthless. Expect exchanges to start voluntarily delisting ICO issued tokens once they realize the deep shit they are in. You’re investing in empty bags that have never produced any real world use or than facilitating selling empty bags to greater fools.
Cathay is not a complete bar to ico. As I know China temporarily closes ico for the development of appropriate regulation. But it's good, it means they now understand how serious crypto sector.
Most of the ICOs are going to fall like flies once their funds run out. Dot com bubble rerun, only this time bigger and more severe
So your solution is to bring regulators into the scene to keep an eye on the market?
ICO's are minuscule in the world of international finance, stop spreading FUD. More investors = more value, not every business can utilize Bitcoins infrastructure, there's more uses to blockchain technology than a single coin.
ICO's are minuscule in the world of international finance, stop spreading FUD. More investors = more value, not every business can utilize Bitcoins infrastructure, there's more uses to blockchain technology than a single coin.
kelsey is not bringing in the regulators.. YOU are by supporting things you should not.
ICO = SCAM .
All I see in this thread are a bunch of greedy newbs or otherwise rapacious jackass's rather poorly attempting to defend their ponzi-pyramid scams.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
Wow. +1. Finally I can STFU, because others are willing to speak up.
All I see in this thread are a bunch of greedy newbs or otherwise rapacious jackass's rather poorly attempting to defend their ponzi-pyramid scams.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
The governments are going to crack down on these 'ICO' launches, and rightly so, for causing prolific economic loss to the masses; commercial, contract, tort, common, positive or equitable laws exist for a reason: to make remedies available for those whom suffered loss based on relying on a transactional scheme or contract; it will be the governments who subrogate into the shoes of those whom suffered economic loss, acting therefore as creditor, the metaphorical piper to be paid. The warning has come ex ante to those propagating or profiteering from these pernicious motifs, yet these profiteers believe there will not be consequences?
Simply, not everyone is fit for self-governance; and those who cannot govern themselves accordingly for a greater egalitarian cause, instead robbing Peter to pay himself, will instead be governed by powers larger than himself.
Thus, we implore you, the people, to think before acting; proceed for the greater good alone; else inevitably, misery itself shall haunt you.
ICO is one of the tools for improving the crypto currency.
This is the 3rd time in this thread I’m challenging you who make this claim, to name one ICO that has generated any use case adoption? The only use is selling empty bags to greater fools (even for Ethereum that’s the only use case that has been achieved).
All I get is silence and no response.
ICOs produce nothing. Zilch. Stop lying to yourself and others. You’re promoting empty bags of hype to greater fools than your foolish self. Admit it. You’re here for only because of you’re greed and you try assuage your conscience with some delusion such as quoted above. Admit it that FOMO is irresistible. Just like when you were young and there was the sound of a party in the neighbourhood and you were stuck at home in bed because your parents wanted you to grow up to be an industrious person. But now you’re free to run to the party.
Monaco and Tenx are pretty good ICO's. There are some good ones out there but yes I agree that there are a lot of bad ICO's that people buy into without doing research. That being said, I believe that is the investors fault and governments don't need to step in to regulate things to a great degree.
ICO is one of the tools for improving the crypto currency.
This is the 3rd time in this thread I’m challenging you who make this claim, to name one ICO that has generated any use case adoption? The only use is selling empty bags to greater fools (even for Ethereum that’s the only use case that has been achieved).
All I get is silence and no response.
ICOs produce nothing. Zilch. Stop lying to yourself and others. You’re promoting empty bags of hype to greater fools than your foolish self. Admit it. You’re here for only because of you’re greed and you try assuage your conscience with some delusion such as quoted above. Admit it that FOMO is irresistible. Just like when you were young and there was the sound of a party in the neighbourhood and you were stuck at home in bed because your parents wanted you to grow up to be an industrious person. But now you’re free to sneak out your bedroom window and run to the party.
ICO is one of the tools for improving the crypto currency. Specialists are involved in its conduct and they try to introduce new technologies and ideas into new coins to make these coins occupy a certain niche among the crypto-currencies and facilitate our life in some area. Therefore ICO is needed. Another thing is that not all of them for various reasons reach the end and the coins created sometimes are not viable. This market and here is not only success, but also failure.
Why would someone believe this? If you think about it all ICO's have gathered almost 2 billion. That's almost 2% of the total Market Cap?
Global stock markets are $18.5 trillion.
Total private equity raised in 2016 was $345 billion. Total venture capital raised in 2016 was $127 billion, with $41 billion of that in the USA.
So roughly a couple percent of global venture funding activity.
But what may be more important is the rate of growth, which without even computing it, I can reasonably guess is growing faster than a quadrupling per year (Ethereum was probably the main ICO of 2014 at $18 million). So if this continues, the percentage will be quite significant by next year.
I believe ICO is what is keeping crypto alive.
People that are now entering the crypto market don't want to catch a train that they already lost, they want a new project and they wish that it will go to the MOON!
People that are now entering the crypto market don't want to catch a train that they already lost, they want a new project and they wish that it will go to the MOON!
Agreed. But that is indicative of what I wrote about upthread, which is that no one has developed any viable real world use case for decentralized ledger of significance, i.e. no mass adoption use case has been demonstrated.
Thus the ecosystem is attracting predominately only those who want “to da moon” greater fool scams. This is destroying our ecosystem, because it is attracting a demographic of investors and projects no longer based on any real utility. We’re turning our ecosystem into an empty bag hype factory. Remember what I wrote upthread about developers having no incentive to execute anything, because it’s more lucrative to issue another ICO than to work on the promises of the prior ICO.
I’m preparing to do something about this.
The Hypermesh name will be discarded.
Why would someone believe this? If you think about it all ICO's have gathered almost 2 billion. That's almost 2% of the total Market Cap?
I believe ICO is what is keeping crypto alive.
People that are now entering the crypto market don't want to catch a train that they already lost, they want a new project and they wish that it will go to the MOON!
I believe ICO is what is keeping crypto alive.
People that are now entering the crypto market don't want to catch a train that they already lost, they want a new project and they wish that it will go to the MOON!
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