You are questioning the entire meaning of blockchain. The whole point is to be decentralized. Without any government overseeing the regulations and such. I you want a currency that FBI can get into it and tackle all the crimes, just buy US Dollar. Then you will be safe from all the scam ICOs here.
Topic: Solution to scam projects and ICOs (Read 179 times)
Getting rid of governmental intervention and centralized control is the whole point of crypto.
Obviously you can't get rid of it entirely, but if you do high risk investments in an unregulated space and then lose money it's your own fault entirely.
People not doing their homework before throwing money at some random project is why ICOs are riddled with scams and questionable business plans to begin with. Trading within an unregulated such as crypto means you and you alone are responsible for your own luck. If you mess up, own it.
If you want to invest within a regulated space, why not stick with classical investments such as bonds, stocks and investment fonds? The yields may not be as pretty but least they are "safe"?
Obviously you can't get rid of it entirely, but if you do high risk investments in an unregulated space and then lose money it's your own fault entirely.
People not doing their homework before throwing money at some random project is why ICOs are riddled with scams and questionable business plans to begin with. Trading within an unregulated such as crypto means you and you alone are responsible for your own luck. If you mess up, own it.
If you want to invest within a regulated space, why not stick with classical investments such as bonds, stocks and investment fonds? The yields may not be as pretty but least they are "safe"?
I'm here today to share my own stupid thoughts and get answers about crypto in general,no knowledge is lost ,if I'm wrong I expect to be corrected and I will accept my mistake ,I'm not happy about what is happening to newbies who lost money investing in ICOs ,I even came to notice that even well made projects that has whitepaper and good roadmap can turn to scam ,i don't even know the kind of advice to give newbies anymore .my fellow crypto people out there is there no solution to this? Why can't there be some special forces and licenses for crypto ,I mean FBI tackles and investigate crimes ,COPs makes peace and keep the street clean off crime ,to sell a property you have to be in possession of your prove of ownership ,why can't there be something like that ?
1) if any one wants to launch a project/ICO ,he or she must have a special license ,permitted to carry on, something like KYC ? You guys know what I'm talking about,I think this will make people worry less and infact scammers will run off in no time
2) why are no government involvement in crypto world or am I missing something? Government involvement can lower the risk ,it will make my number 1 point easier ,if you don't have so so and so certificate no one will invest in your project kinda thing
3) people will worry less about crypto ,more of a safe haven ,and all we have to tell newbies is 'don't invest in projects that doesn't have this documents/pass kinda thing..I hope in the future something big will be done about this ,projects may not bring big fortune but at least they will stay and not run off with newbies money.
1) if any one wants to launch a project/ICO ,he or she must have a special license ,permitted to carry on, something like KYC ? You guys know what I'm talking about,I think this will make people worry less and infact scammers will run off in no time
2) why are no government involvement in crypto world or am I missing something? Government involvement can lower the risk ,it will make my number 1 point easier ,if you don't have so so and so certificate no one will invest in your project kinda thing
3) people will worry less about crypto ,more of a safe haven ,and all we have to tell newbies is 'don't invest in projects that doesn't have this documents/pass kinda thing..I hope in the future something big will be done about this ,projects may not bring big fortune but at least they will stay and not run off with newbies money.
The problem is the world division, we live in a world with lot of countries and each one have it,s own laws, for example, in USA in some states weed is already legal, but in lot of countries you will go to jail if you buy weed, so, who is right there? are laws really effective and equal for all? i don't think so. Now, getting on your points, here are my answers:
1.- Coins are decentralized there is no authority over them, so who will issue those licenses? Can you imagine how hard would be to be in Japan and try to get a license from USA for your ICO? and let suppose USA gives the licenses, are you agree with me about there will be zero licenses for NorthCorea... So, isn't easy.
2.- You are missing something here, Venezuela's gove is already involved in cryptos and they already launch their coin, is called Petro, and is already on circulation, you can find more about it here https://petro.gob.ve/ but to have a gov behind a coin doesn't make it more reliable.
3.- Lot of newbies have been scammed in past and will be scammed in future, is part of the learning, isn't a cool way to learn but after they get scammed once they move more carefully.
the government is getting involved more and more, but ultimately the point of crypto is that noone is really in control. if someone was, it wouldn't be crypto!
but there are more and more government involvement in the ICO process, any legitimate ICO project nowadays demands KYC.
either way, an idiot and his money are soon parted(?)
but there are more and more government involvement in the ICO process, any legitimate ICO project nowadays demands KYC.
either way, an idiot and his money are soon parted(?)
I'm here today to share my own stupid thoughts and get answers about crypto in general,no knowledge is lost ,if I'm wrong I expect to be corrected and I will accept my mistake ,I'm not happy about what is happening to newbies who lost money investing in ICOs ,I even came to notice that even well made projects that has whitepaper and good roadmap can turn to scam ,i don't even know the kind of advice to give newbies anymore .my fellow crypto people out there is there no solution to this? Why can't there be some special forces and licenses for crypto ,I mean FBI tackles and investigate crimes ,COPs makes peace and keep the street clean off crime ,to sell a property you have to be in possession of your prove of ownership ,why can't there be something like that ?
1) if any one wants to launch a project/ICO ,he or she must have a special license ,permitted to carry on, something like KYC ? You guys know what I'm talking about,I think this will make people worry less and infact scammers will run off in no time
2) why are no government involvement in crypto world or am I missing something? Government involvement can lower the risk ,it will make my number 1 point easier ,if you don't have so so and so certificate no one will invest in your project kinda thing
3) people will worry less about crypto ,more of a safe haven ,and all we have to tell newbies is 'don't invest in projects that doesn't have this documents/pass kinda thing..I hope in the future something big will be done about this ,projects may not bring big fortune but at least they will stay and not run off with newbies money.
1) if any one wants to launch a project/ICO ,he or she must have a special license ,permitted to carry on, something like KYC ? You guys know what I'm talking about,I think this will make people worry less and infact scammers will run off in no time
2) why are no government involvement in crypto world or am I missing something? Government involvement can lower the risk ,it will make my number 1 point easier ,if you don't have so so and so certificate no one will invest in your project kinda thing
3) people will worry less about crypto ,more of a safe haven ,and all we have to tell newbies is 'don't invest in projects that doesn't have this documents/pass kinda thing..I hope in the future something big will be done about this ,projects may not bring big fortune but at least they will stay and not run off with newbies money.
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