Should ICOs be regulated as IPOs? | Bitcointalksearch.org

Tyr808

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Quote from: ludovicvuillier on November 03, 2017, 11:44:10 PM

Quote from: Tyr808 on November 03, 2017, 10:31:15 AM

Do you think people who invest in scam are unaware of what they are doing? Not so often. Have a look at threads of shitcoins such as ethereum cash, ethereum dark and the like: everybody knows it is just a pump and dump shitcoin but they are still willing to invest on it 'because my x10'.

Agreed. That's why I say that the point of regulation is not to eliminate scams. It would minimize it and keep the money clean.

Yeah it would reduce scams but I still think that those crypto investors who seem to be so fervent around regulating the ICO and altcoins market, should really get back to IPOs and stockmarket for a while and then come back to see if regulations is really what they want!
Where there's no risk, there's no opportunities.

nomad1109

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I think ICOs should absolutely be regulated. As it is now the small investors get screwed over a lot, and there's a lot of uncertainty with investing in an ICO. The creators of the ICO have to rules to play by, and they can just take the money and quit if they'd like.

newelllamo

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Yes by all means. This will also filter out good ICO's from useless and without project/product to sell. ICO's sprung up like mushroom these days and leaving it unregulated can cause a lot of people who jump-in in the investment without research.

hgmarral

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ICO's need regulation for the technology going forward but to put the same requirements on them as IPO's would be excessive. Regulation can kill innovation, for example a use case of an ICO could be issuing immutable concert tickets as tokens - do an 'ICO' - issue a new token each time there is a new event, IPO type regulation on tokens would kill this kind of use case.

ludovicvuillier

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Quote from: Tyr808 on November 03, 2017, 10:31:15 AM

Do you think people who invest in scam are unaware of what they are doing? Not so often. Have a look at threads of shitcoins such as ethereum cash, ethereum dark and the like: everybody knows it is just a pump and dump shitcoin but they are still willing to invest on it 'because my x10'.

Agreed. That's why I say that the point of regulation is not to eliminate scams. It would minimize it and keep the money clean.

Tyr808

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06/19/11 17:51 Bought BTC 259684.77 for 0.0101

Do you think people who invest in scam are unaware of what they are doing? Not so often. Have a look at threads of shitcoins such as ethereum cash, ethereum dark and the like: everybody knows it is just a pump and dump shitcoin but they are still willing to invest on it 'because my x10'.

IamAltcoinfan

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I could say yes ICO should be regulated like IPO's because i witnessed lots of ICO became scam after providing well written Whitepaper and strong Team finally end upto loss . So now there is lots of regulated ICO's are coming like UAHPAY its already registered with government of the country . Some more ICO really coming up with physical address and location and previous project . But there should be some more regulation required.

giga_999

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By regulations, we will avoid scams and pay attention really solid ICOs like Crowdholding
1. the great concept of co-creation (worth to get familiar with the concept)
2. solid whitepaper, easy to read and clear
3. team: young and determined professionals

Zackgeno96

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There is a need to regulate these ICOs as there has been so many scams in the name of ICOc, innocent people are being scammed by these people and authorities are unable to do anything. So there should be strict law to regulate such ICOs and avoid the possible scams.

Tyr808

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Quote from: nomad1109 on October 18, 2017, 08:59:03 AM

There should definitely be more regulation within the crypto markets. Both on exchanges and for ICOs. Right now there are so many ICOs and airdrops and whatever trying to bait people into spending money on a project they are planning on dumping as soon as they can get a good payout. People just price things up into the sky without even doing research because they want to join the next moon. For some it might be good, but a lot of people lose money on it.

People losing money translates in people making money. Higher regulated contexts don't offer +/-25% regular changes in price on a daily basis but rather annual and modern investors don't like to wait.

nomad1109

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There should definitely be more regulation within the crypto markets. Both on exchanges and for ICOs. Right now there are so many ICOs and airdrops and whatever trying to bait people into spending money on a project they are planning on dumping as soon as they can get a good payout. People just price things up into the sky without even doing research because they want to join the next moon. For some it might be good, but a lot of people lose money on it.

ludovicvuillier

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Quote from: Tyr808 on October 18, 2017, 08:27:52 AM

Quote from: ludovicvuillier on October 18, 2017, 08:14:21 AM

The main reason I think regulation is good is because it limits the use of funds for criminal purposes.

I see - this explains the reasons behind your stance on regulations.
We could, however, argue around the following points:
1. Aren't gains always made as a result of the Greater Fool Theory anyway (criminally or legally)?
2. Criminality is simply the opposite of legality.
3. Is legality about justice, or about power?

1 - I agree about the greater fool theory, however I fail to understand how that's related?
2 - Yes, it is.
3 - I agree with you that in some instances it is about power, but let's agree that it can also be about justice. For example, when opening an offshore company/ account: they don't care about taxes you may be evading, or anything like that, they just want to make sure you aren't using the account for one of the big 4 - weapons, humans, terrorism, money laundering for one of the above three.

Tyr808

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Quote from: ludovicvuillier on October 18, 2017, 08:14:21 AM

The main reason I think regulation is good is because it limits the use of funds for criminal purposes.

I see - this explains the reasons behind your stance on regulations.
We could, however, argue around the following points:
1. Aren't gains always made as a result of the Greater Fool Theory anyway (criminally or legally)?
2. Criminality is simply the opposite of legality.
3. Is legality about justice, or about power?

ludovicvuillier

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Quote from: astrid.uchiha24 on October 18, 2017, 08:18:04 AM

It really depends in the country where you are situated in my opinion, just like in case of china regarding regulating of ICOs, it was triggered because of so too much scam ICOs and the government can stay silent so they impose a ban first but i think they change it to regulation.

China didn't regulate - they banned. Completely different.

A company can choose which jurisdiction to be regulated under. The country that will have the smartest regulation will have the most projects built in it.

astrid.uchiha24

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It really depends in the country where you are situated in my opinion, just like in case of china regarding regulating of ICOs, it was triggered because of so too much scam ICOs and the government can stay silent so they impose a ban first but i think they change it to regulation.

ludovicvuillier

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Quote from: Tyr808 on October 18, 2017, 08:10:55 AM

Quote from: ludovicvuillier on October 18, 2017, 04:54:53 AM

I am also talking about regulations imposed by governments (the only regulations banks impose are imposed on them) are not always costly, and I am saying this from experience. I advise a company that helps companies get regulated in many jurisdictions. Regulations don't HAVE to be costly nor do they HAVE to limit potential gains. The fact that some regulations do doesn't mean that it has to be this way.

So should there be regulations? Absolutely. Right now, it's too much like the wild west. But as I've said - smart ones. Not idiotic ones that do nothing to actually achieve something meaningful.

I get what you say, however in practical terms what I see around me is that most often than not regulations create socialist-like limitations to people's freedom in exchange of something which could be perhaps regarded as 'safety' but in reality is simply consolidation of the status quo.
I guess our different perceptions of regulations might also come from the countries we live in and we have visited; I have seen so many times the negative results of regulations that I much prefer to risk something by acting in an unregulated environment than having that 'security' around me.
Maybe this is also why I love EtherDelta ha!

Though it will lower the number of scams, that is not my main reasoning. Regulations do lower the number of scams but they do not eradicate.
The main reason I think regulation is good is because it limits the use of funds for criminal purposes.

Tyr808

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Quote from: ludovicvuillier on October 18, 2017, 04:54:53 AM

I am also talking about regulations imposed by governments (the only regulations banks impose are imposed on them) are not always costly, and I am saying this from experience. I advise a company that helps companies get regulated in many jurisdictions. Regulations don't HAVE to be costly nor do they HAVE to limit potential gains. The fact that some regulations do doesn't mean that it has to be this way.

So should there be regulations? Absolutely. Right now, it's too much like the wild west. But as I've said - smart ones. Not idiotic ones that do nothing to actually achieve something meaningful.

I get what you say, however in practical terms what I see around me is that most often than not regulations create socialist-like limitations to people's freedom in exchange of something which could be perhaps regarded as 'safety' but in reality is simply consolidation of the status quo.
I guess our different perceptions of regulations might also come from the countries we live in and we have visited; I have seen so many times the negative results of regulations that I much prefer to risk something by acting in an unregulated environment than having that 'security' around me.
Maybe this is also why I love EtherDelta ha!

Minor Miner

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I don't want but it suppose ICO would be regulated by governments around the world next year. It won't be so strict as for IPO at the beginning at least.

aljazstraser

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Regulations will be everywhere. China started the wave.. Russia will continue.. but Europe has chance to become more open for it even with regulations, since USA are killing it on the other side.

I agree we should pay taxes from ICOs.. its problem if you have money and you can't withdraw it without making some illegal activity. And simple as that pay tax, withdraw and be safe Wink

Besides crowdfunding MUST be regulated because of too many shitty projects. If we want quality we need filtering...just take a look at each day announcements.. its becomming annoying.

ludovicvuillier

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Quote from: Tyr808 on October 18, 2017, 04:46:25 AM

Quote from: ludovicvuillier on October 12, 2017, 12:03:09 AM

I half disagree with you Wink

Regulation does not have to be costly at all. I've helped companies get regulation and it cost them less than what most ICOs invest in marketing. So if done well it does not have to be a death sentence to the underdogs. Though the "if done well" part is the one I'm worried about

That's why it's something that we're addressing in our company. Because building it up correctly is SO important.

What I'm talking about is sets of regulations imposed by governments and banks. Once those hit the crypto world, we can forget about the super gains like Stratis and Monero. Look at the USA, now American citizens are 'protected' from having 10x gains through ICO - a good example of regulations!

I am also talking about regulations imposed by governments (the only regulations banks impose are imposed on them) are not always costly, and I am saying this from experience. I advise a company that helps companies get regulated in many jurisdictions. Regulations don't HAVE to be costly nor do they HAVE to limit potential gains. The fact that some regulations do doesn't mean that it has to be this way.

So should there be regulations? Absolutely. Right now, it's too much like the wild west. But as I've said - smart ones. Not idiotic ones that do nothing to actually achieve something meaningful.

Topic: Should ICOs be regulated as IPOs? (Read 1138 times)