Is it possible to do this? - page 4.

juchin

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Activity: 290

Merit: 10

Join @Bountycloud for the best bounties!

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

Gradually, investors have recognized inadequacies and scams in ICO projects now. Therefore, the way which ICO projects are operating to mobilize capital need to be changed and no one will invest in the air anymore

Sinone

member

Activity: 597

Merit: 10

Though it is possible but I don't think Bitcointalk admin will go for it. Because they don't want to take responsibility for the people's money. This is not an easy thing also, it can harm this forum's reputation. So, I can't see any future on it. Only regulations can ensure us about a legitimate project.

Rostock

member

Activity: 364

Merit: 10

I think that this problem will have to be solved in 2019, as the world of cryptocurrencies does not stand still and this problem is one of the most urgent.

cizatext

member

Activity: 952

Merit: 41

Well you are right on you thought that ICO is now one of the means which fraudulent individuals use in tricking investors into putting their money into a scam project and at the end thy run away with investors found, but we can not still deny the fact that there are still some good ICO were investors can invest and make profits.

nwosuchristabe2

copper member

Activity: 686

Merit: 2

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

ICO is now the most popular method for unscrupulous individuals and developers to extort investors. They've designed the scheme of getting listed to the sole purpose of dumping their tokens on investors. I totally agree with the idea of ICO's being regulated by international law or bodies. That could assist in curbing their excesses.

Mypanara19

member

Activity: 826

Merit: 11

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

This is a good idea I just wonder how can this be implemented. I just think that to protect the bounty hunters like us the bounty budget must be paid in full to the authorized person or to a legit escrow and it will be distributed once the tokensale becomes successful that way all the bounty participants would get the reward that they deserve.

cryptonight9631

copper member

Activity: 140

Merit: 1

CryptoMarketAds

Some of the bounty managers are making fools on the hunters they would negate their rewards, because they only have access on how much really are into their holdings on the campaign. I hope some people could understand and make actions on it.

B.

copper member

Activity: 238

Merit: 10

I accept your suggestion because there is no good reason to pay except when the ICO is underway, other extra money is not needed for us to spend because it can be a reasonable reason to add the money the scammer gets and then leave, I think everyone has realize this so you don't need to worry

Plecet Bank

member

Activity: 588

Merit: 10

I think we need regulations from governments that have legal powers. So they will not dare to commit fraud. And I think if this regulation applies, of course, there will be many who will benefit. Maybe this will be difficult but this is very necessary.

miropp

full member

Activity: 810

Merit: 101

That's what we're moving towards. I think that soon the state will regulate this issue and for the ICO it will be necessary to pass the verification. But perhaps there will be some decentralized body that can monitor this. That would be so much better. But it is not known just how much time it will take.

Ifychuks

copper member

Activity: 224

Merit: 1

That intermediary in my opinion is seriously needed because some individuals that call themselves ICO team now abuse and use it as an avenue to scam investors.

Alohadance

member

Activity: 378

Merit: 10

There is no doubt that your idea is very interesting and clever. But I think it's impossible to make a such comission which will control every ICO. It's better to study more about cryptomarket and make a research on your own.

jpnl0006

jr. member

Activity: 480

Merit: 4

A whole lot of monitoring will be required on this ICOs are becoming more unreliable and discouraging to investors which is why investors are drifting away a law has to be put in place

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: TooDumbForBitcoin on February 01, 2019, 05:19:03 PM

ICO's are dead almost. Just wait some time and mass scammers will leave this industry too. It is too late take care. Let's hope for some legal frameworks appearance.

"Almost" well that's sure the nearest term that we should address with the current situation of the ICO thingy in the market. I'm curious what kind of intermediary verification system will be plausible on this one.

The very popular one is to have the bounty manager which will manage the whole thing.

- Screening of applicants which mostly don't happen today.
- Screening the ICO/project
- Communicating for the both end (participants and developers)

fianaindriati

sr. member

Activity: 700

Merit: 250

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

I agree with your thoughts that it is better for us to use a verification system to make it safer and there are no problems during the ICO. because until now many ICOs in which were fraudulent.

Barinerro

jr. member

Activity: 182

Merit: 1

Justice as a Service Infrastructure

Quote from: TooDumbForBitcoin on February 01, 2019, 05:19:03 PM

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

ICO's are dead almost. Just wait some time and mass scammers will leave this industry too. It is too late take care. Let's hope for some legal frameworks appearance.

ico of course now is not in the best form , but I think there are a couple of projects that can make good money, only of course to find a well-selected project

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

ICO's are dead almost. Just wait some time and mass scammers will leave this industry too. It is too late take care. Let's hope for some legal frameworks appearance.

nlaara12

member

Activity: 238

Merit: 37

I guess STO will be a better option to ICO,with the level of regulations set by SEC on STO,it will be difficult for anyone to come up with fake project.

Sanford

jr. member

Activity: 462

Merit: 1

Need a powerful project for this. Totally open. Which will link investors and projects. Which will allow you to follow the progress of the implementation of road maps and many other. Otherwise, the cryptocurrency will not be the same.

Jadesola

member

Activity: 280

Merit: 11

That is why the introduction of STO is becoming a better choice especially for the investors, because of the regulations, it is very difficult for any one to come up with fake project just to scam people.

Topic: Is it possible to do this? - page 4. (Read 1183 times)