Topic: ICO's killing crypto - page 7. (Read 3638 times)
While that is true, I also believe in financial inclusion and alternative funding.
regulation here is only to protect ordinary people who dont give a fuck what crypto is, but still trying to invest.
I dont understand this how can ICO killing crypto...or i will say it is giving empowerment to crypto-currencies...introducing new coins with concepts..sorry if i am wrong but thats what i understand
Why haven't you read everything I have ever written?
I dont understand this how can ICO killing crypto...or i will say it is giving empowerment to crypto-currencies...introducing new coins with concepts..sorry if i am wrong but thats what i understand
Actually not all ICO have bad intention towards bitcoin but most of them are destroying the image of bitcoin community.
Joining ICO is not a bad idea since it could rewards us for promoting their site, but see to it that it will not make a non-sense campaign that might affect the crypto world.
Joining ICO is not a bad idea since it could rewards us for promoting their site, but see to it that it will not make a non-sense campaign that might affect the crypto world.
I don't think so. What's killing crypto is dumbness and greed.
On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.
They're taking focus away from those who have genuine innovation, yet are totally ignored.
On the other, they bring a whole new dimension to crypto that we have never seen before.
It is just such a shame they are almost always pump-and-dump scams.
It is just such a shame they are almost always pump-and-dump scams.
Because those of us who want to build a long-term viable project, do not want to be involved with issuing/trading/promoting illegal MLM scams and illegal investment securities.
Regulators are going to need to send a lot of people to jail to get sanity back into crypto R&D. Yet I suspect TPTB are quite satisfied with allowing crypto to destroy itself with scams and render it's participants in jail after the global economic meltdown 2020ish.
If government doesn't get any profit from it, than it's a SCAM.
Yet regardless of whether securities regulation is dumb or beneficial, the fact is that those developers who are serious will not issue ICOs because of the legal uncertainty, thus predominantly the only ones issuing ICOs are scammers. Even if some few Ethereum, NEO, or Tezos developers might be sincere and skilled, the ones issuing the tokens for them are either well connected with the parasites you despise, else they have a criminal mindset and disregard securities regulation risk not only for themselves but also for all those who trade the tokens and for the future of the token itself.
Thus, iCOs are not helping to achieve any goal of defeating the parasites who control the governments, and instead of providing incrimination fuel for them to take control in the future.
I don't think ICO's are killing crypto, but they need some kind of regulation in the future. Maybe the governments will step up.
This year, there are so many ICOs that usually hits millions of dollars in their cap. And this is very healthy for the market because it brings fire. The only cancer here is only few of them just stands out and usually continue their flowery words. But let's not blame only the developers, the investors also has problems that's why they are getting dragged by some nonsense projects. The government should focus on some actions about educating their people about investments. Not on regulating ICO and trading sites. ICO's not killing crypto.
icos are the one thing that'll bring unacceptable heat on all crypto. if they had never existed i believe crypto would grow organically without interference in most places.
the chinese clampdown is almost certainly because of icos but it's also screwing everything there. if icos hadn't exploded after their exchanges were back online after the shutdown we wouldn't be dealing with this current crap.
they're a cancer on the scene. ideally we would've seen a succession of pathetic failures that would scare buyers away, but maybe it's gonna take some heavy handed action from regulators.
the chinese clampdown is almost certainly because of icos but it's also screwing everything there. if icos hadn't exploded after their exchanges were back online after the shutdown we wouldn't be dealing with this current crap.
they're a cancer on the scene. ideally we would've seen a succession of pathetic failures that would scare buyers away, but maybe it's gonna take some heavy handed action from regulators.
I think that cryptocurrency and ico should simply be regulated but within reasonable limits
Totally aggree with you. If governments bring in mild regulation then it can only be good for the whole market as a whole.
Regulation=Acceptance=Profits
I think that cryptocurrency and ico should simply be regulated but within reasonable limits
I can believe that many ICOs in China (and other countries) are scams. Even the Chinese government is saying so.
Check out this ranking of countries based on corruption:
https://www.transparency.org/news/feature/corruption_perceptions_index_2016
China is corrupt. Russia and eastern Europe is even more corrupt.
If a country is corrupt, it means that their people are more prone to exaggerate or even lie.
That's why I see so many ICO teams stacked with people with nice titles like "Blockchain Developer" or "Blockchain Expert" who have no skills nor experience related to technology, programming or blockchain.
There is a lot of talk of ICO scams. Has there been a study to show the percentage of ICOs that are scams? Is it 90% or 10%?
I would think that the majority of projects are bad ideas. Everyone is trying to put anything and everything onto a blockchain, including the kitchen sink. Most of them are trying to squeeze square pegs into round holes.
Crypto currencies are excellent for some applications, but not all.
Many of the project teams cannot prove that they can develop. They have fancy titles like "CTO", but they have no software that you can run.
I would think that the majority of projects are bad ideas. Everyone is trying to put anything and everything onto a blockchain, including the kitchen sink. Most of them are trying to squeeze square pegs into round holes.
Crypto currencies are excellent for some applications, but not all.
Many of the project teams cannot prove that they can develop. They have fancy titles like "CTO", but they have no software that you can run.
It boils down to who cares as long as I make money. This would separate the idiots from their money and the lesson would be a hard one for them.
At the end of this race, only the established coins will survive and the shitcoins will get wiped out. I will tell you an example of what happened recently in India. The government of India demonetized the 1000 rupees and 500 rupees note and banned it from being a legal tender. They took this decision so that they can wipe out all the duplicate notes in the market and to clear out black money and corruption. The plan worked out quite well and the cops caught many in this case. It was just a matter of time and so is this. The ban on ICOs is a good thing which will wipe out the bad from the market and only the established ones will raise their flag at the end.
I agree with you , all these uncapped ico's are fucking the market up. Most coins don't need that much but It is pure greed from both sides.
There is a lot of talk of ICO scams. Has there been a study to show the percentage of ICOs that are scams? Is it 90% or 10%?
I would think that the majority of projects are bad ideas. Everyone is trying to put anything and everything onto a blockchain, including the kitchen sink. Most of them are trying to squeeze square pegs into round holes.
Crypto currencies are excellent for some applications, but not all.
Many of the project teams cannot prove that they can develop. They have fancy titles like "CTO", but they have no software that you can run.
I would think that the majority of projects are bad ideas. Everyone is trying to put anything and everything onto a blockchain, including the kitchen sink. Most of them are trying to squeeze square pegs into round holes.
Crypto currencies are excellent for some applications, but not all.
Many of the project teams cannot prove that they can develop. They have fancy titles like "CTO", but they have no software that you can run.
At the end of this race, only the established coins will survive and the shitcoins will get wiped out. I will tell you an example of what happened recently in India. The government of India demonetized the 1000 rupees and 500 rupees note and banned it from being a legal tender. They took this decision so that they can wipe out all the duplicate notes in the market and to clear out black money and corruption. The plan worked out quite well and the cops caught many in this case. It was just a matter of time and so is this. The ban on ICOs is a good thing which will wipe out the bad from the market and only the established ones will raise their flag at the end.
Building ICO's on top of Ethereum is an awesome opportunity for businesses and consumers - Never before has the internet been able to value projects from the bottom up, anyone anywhere is able to buy a projects token.
In saying that the level of ICO's in China grew to a ridiculous level - Here's a perspective from inside the Chinese ICO community explaining the situation.
https://www.youtube.com/watch?v=Gx7qjIpQHgc&t=
Imo the ability for projects to conduct an ICO that allows the world to get involved and early access to their platform is some impressive utility - Though not even project is going to provide real services/utility to their users and those projects won't last long.
In saying that the level of ICO's in China grew to a ridiculous level - Here's a perspective from inside the Chinese ICO community explaining the situation.
https://www.youtube.com/watch?v=Gx7qjIpQHgc&t=
Imo the ability for projects to conduct an ICO that allows the world to get involved and early access to their platform is some impressive utility - Though not even project is going to provide real services/utility to their users and those projects won't last long.
Whether or not you want to blame Ethereum for creating an ICO craze, it makes more sense to create a token on top of an existing mined currency. I don't see the need to continually create mined coins. It's hard enough to get people to support a new coin, let alone get them to dedicate computer resources towards it.
Many ICO coins will become worthless. Until they all are worthless, people will continue to participate.
The ICO projects that will be successful will be from companies offering attractive products that gain adoption. As long as there's at least one successful ICO coin, others will continue to try. Don't hate on ICO issuers for trying. Get mad at the people for buying.
Many ICO coins will become worthless. Until they all are worthless, people will continue to participate.
The ICO projects that will be successful will be from companies offering attractive products that gain adoption. As long as there's at least one successful ICO coin, others will continue to try. Don't hate on ICO issuers for trying. Get mad at the people for buying.
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