Topic: Numerousity of ICOs and Coins: A Blessing or Curse? (Read 628 times)
Asking that the number of tokens should be pruned is against the golden practice of free entry and exit which protects both consumers and suppliers from exploitation and unfair competition. I think what is needed is regulation, the alternative would be to allow all coins thrive together and in the end the wheat will be seperated from the charf.
I believe that a large number of ICO is blessing in any case. Yes, the choice of an object for investment becomes more difficult. Yes, it takes a lot of time. But there is competition in the market and we gain more experience and knowledge while selecting a pearl in this many projects. The weak projects will go away fm the market, the strong will remain, this is the natural course of things. And the fact that someone will lose their money by investing in a scam, well, this is everyone's personal responsibility for their choice, nothing more.
I think it is just because it is new and exciting and has a lot of potential. I don't see anything wrong with numerous projects, i just have a problem with the amount of scammy ones there are as it just breaks trusts with investors.
I do think there needs to be some regulation involved in the foreseeable future, but until then i do not see this space slowing down.
I do think there needs to be some regulation involved in the foreseeable future, but until then i do not see this space slowing down.
From trade perspective, everything you said about duplicity is true. What is also true abiut ICO is that 90% of ICO may never be successful and that will remove the problem of duplication instantly since the bar in cryptocurrency when it come to development is very high. There is no threat here!
Lot's of Ico opening everyday to collect funds from investors some are rigid but most promising ICO will be a blessing to all bounty and believers. But somehow the number of Ico launching almost everyday kinda affect every other ICO, since investors will be divided to different ICO. I can't say it's a curse but maybe Ico needs regulation, too much is bad and may explode then die.
I think it has both negative and positive effects. But numerous ICO is never a curse since they cannot be taken seriously on top legit exchanges. As what we observed, these new ICOs are becoming more popular and are even toppling some of the old solid coins. Many of these newer coins offer innovations in our advancing world.
I still think some form of regulation for ICOs will be good. Contracts should be such that project administrators and devs may not be able to pull out or access their portions of the raised funds until the project archives a level of adoption.
And how do you propose the arbitrary value of "adoption" is transferred into immutable code?I do not know the workings of Solidity or any other Language for smart contracts. But I think it could be programmed to work in a way that the percentage of tokens for dev rewards could be made a fork of the original coin and the exchange value of the fork directly tied to the original token in the programme. Then set a trigger that will activate the fork only when a certain level of liquidity of the token is determined based on the IN and OUT flows on the contract address. And when the fork is activated it can then be listed and exchanged for the original token through some form of buy back arrangement.
The reason is the holder of a coin trying to sell
coin after meeting the sales target when buying cheap and then selling it for a high price, they start selling
bitcoin, altcoin to get money ,, increase the amount
bitcoin, increasing the amount of altcoin.
The presence of ico does not affect the fall in alticoin prices
This is just my opinion
coin after meeting the sales target when buying cheap and then selling it for a high price, they start selling
bitcoin, altcoin to get money ,, increase the amount
bitcoin, increasing the amount of altcoin.
The presence of ico does not affect the fall in alticoin prices
This is just my opinion
Get used to it. It’s inevitable and there will be millions of alt coins in the near future.
I still think some form of regulation for ICOs will be good. Contracts should be such that project administrators and devs may not be able to pull out or access their portions of the raised funds until the project archives a level of adoption.
And how do you propose the arbitrary value of "adoption" is transferred into immutable code?Right idea but execution like this would be difficult. We need the community to raise the overall standard of ICOs - self regulate and become more transparent or regulation will come down hard on the industry. Steps towards vesting periods for teams doing ICOs and transparency initiative's like Santiment's project transparency is something that the community needs to move more towards to get continued support and investment.
Recently there are so many ICO projects that make us really hard to choose what projects should i invest in, because of many projects, i have to put more time to search information about them, then i reallize, many projects are not good or just scams. So having many ico projects do have advantages and disadvantages.
I still think some form of regulation for ICOs will be good. Contracts should be such that project administrators and devs may not be able to pull out or access their portions of the raised funds until the project archives a level of adoption.
And how do you propose the arbitrary value of "adoption" is transferred into immutable code?
I still think some form of regulation for ICOs will be good. Contracts should be such that project administrators and devs may not be able to pull out or access their portions of the raised funds until the project archives a level of adoption.
The existing variety of coins on the one hand is a blessing, as it enables them to develop and receive certain new qualities, and on the other hand, given the large percentage of their uselessness, does not give anything good. It is necessary either that states begin to regulate the ICO process at an initial stage in order to exclude them only to raise funds and exclude possible risks, or somehow the community itself must establish rules for improving the quality of conductive ICOs.
Yes most ico's are being scam right now, and everybody is aware of that.. This new generation of developers are just trying to create more altcoins in order to increase their capital like a skyrocket, i dont know why they are trying to make useless projects with a huge marketing in order to make them look like a serious bussiness, honestly, and this is happening right now on the whole community.
They are investing thousands of dollars in marketing in order to make people trust them much more.
They are investing thousands of dollars in marketing in order to make people trust them much more.
Just thinking... the exponential growth in ICOs recently is a trend that could have diminshing effects on the value of tokenized investments. I so think based on the following assumptions: 1. Investment fund is scarce resource 2. Every potential investor is rational with resources 3. More ICOs = more investment alternatives for would be investors in the market, which also implies increased substitution for existing coins. Based on the assumptions above, the likely scenerio in a multiplicty of ICOs would be that fewer investor funds would chase more supply of ICO products in the market and naturally push down the demand for already existing coins. And of course, lower demand translates to lower token prices.
What do you think, guys?
What do you think, guys?
I want to add that most of ICO is a SCAM so it is not progressive for real and it is only trend.
Numerosity of ICOs and Coins are not blessing and nor curse. It is a free market and people are trying to earn some money raising funds from ICOs. For us who would like to invest and earn some money, it is a challenging task to recognize which one are scams and which projects are worth of our money. We need to do a good research before we invest our money. This can be very time consuming but can prevent losing money on scam projects. It is really important to check the story behing the project prior to investing money.
But also more and more people knowing about bitcoin and altcoins. So money just pour in cryptocurrency world. And actually nobody can't control it 
So the Genie was let out of the bottle!
Good point. I think both you and the op are right on this matter. There are two tendencies: So the Genie was let out of the bottle!
- more people get involved into the market and invest into more coins
- investors seek stability and would like the amount of choices to decrease. ICO regulations are following this path.
What will win - nobody knows.
In general, I think it is rather bad that there are no standards and a lot of useless stuff enters the market and by being very massive (lots of bad icos) form obstacles for those who want to find real world-changing projects to support them. I hope the amount will decrease but the demand for those remaining will be bigger.
Well said. It a matter of the survival of the fittest.
no blessing and no curse! we can see ICO like start ups and they can succeed or fail!
one difference, start up raises money from banks or investment funds but ICO raises money from people!
That is why I like ICOs. The best way to kill the banksters is to put power in the hands of the people. one difference, start up raises money from banks or investment funds but ICO raises money from people!
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