ICOs were out of control. They decided to stop them. I really don't see how this affect anything other then dumb people from throwing eth at shitcoins.
We are not sure about that i think that is only a little bit problem not all countries are banned. So we need to do now is to be alert of what is happening so that we can ready to face if some country do that too. 
Topic: South Korea Bans ICO's/Your Opinion - page 2. (Read 852 times)
ICOs were out of control. They decided to stop them. I really don't see how this affect anything other then dumb people from throwing eth at shitcoins.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's.**
this is BS to me if they want ban ALL ICO they should start banning ETH how different is ICO ETH from NEO from tokens ?
ETH sold 60m ETH for 30 000 BTC. So or you pick winers and looses or let all play.
At end korens will buy BTC/ETH and buy ICOs from it simple
There is a report here https://bitcointalksearch.org/topic/2017-09-28-north-korean-hackers-attempts-to-steal-bitcoin-are-a-huge-wake-up-2216022 that is suggesting that the reason for South Koreas actions relates to a North Korean attempt to steal massive amounts of BTC.....
The plot thickens.
The plot thickens.
Well honestly good or bad it's not going to affect bitcoin at all. What it is going to affect however are altcoins, especially ones that are focused on providing a platform for ICOs or are ICOs that are still ongoing.
Also pretty sure that they've not actually done anything yet.
So for now, they can change their decision any time.
Also pretty sure that they've not actually done anything yet.
So for now, they can change their decision any time.
Why not terrible
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
why not terrible thing? It means more and more countries do this and will continue...To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
I dont think "more countries will do this" as more developed countries such as japan, china and.many more see the advantages and the future of bitcoin and other cryptocurrency, as china regulates exchanges, south korea may also do the same thing if they only just see the advantages of bitcoin and not only its disadvantages.
South Korea is a very small country and also represents a very small percentage of the crypto currency community. I was worried when China banned ICO but I am not worried now. China was a bigger country and it was representing a much bigger percentage of crypto community. Probably the biggest compared to other countries. So that news couldn't bog down the price below $3000, so I believe South Korea banning ICO will have any effect on bitcoin's price. Instead if South Korea starts regulating the crypto currency exchanges and trade in their soil, it will be beneficial for the crypto community.
Indeed, I think this is a much more measured response than the Chinese one, I personally believe it is somewhat responsible to have some modicum of control on ICO's - there are a great many people getting ripped off right now and giving crypto a bad name for the future.That is true and thee are so many ICO's are coming every week and not sure how many of them can able to implement the project successfully. They just need some expert advice on a product, a website and some initial money to promote their ICO's. Very difficult to check which one is good or bad and there should be some system to check these ICO's before they start raising funds.
South Korea is a very small country and also represents a very small percentage of the crypto currency community. I was worried when China banned ICO but I am not worried now. China was a bigger country and it was representing a much bigger percentage of crypto community. Probably the biggest compared to other countries. So that news couldn't bog down the price below $3000, so I believe South Korea banning ICO will have any effect on bitcoin's price. Instead if South Korea starts regulating the crypto currency exchanges and trade in their soil, it will be beneficial for the crypto community.
Indeed, I think this is a much more measured response than the Chinese one, I personally believe it is somewhat responsible to have some modicum of control on ICO's - there are a great many people getting ripped off right now and giving crypto a bad name for the future. 
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
South Korea is a very small country and also represents a very small percentage of the crypto currency community. I was worried when China banned ICO but I am not worried now. China was a bigger country and it was representing a much bigger percentage of crypto community. Probably the biggest compared to other countries. So that news couldn't bog down the price below $3000, so I believe South Korea banning ICO will have any effect on bitcoin's price. Instead if South Korea starts regulating the crypto currency exchanges and trade in their soil, it will be beneficial for the crypto community.
Banning ICO is not a terrible things, ICO had been know as a tool to scammed people so it is not surprising that a lot of countries want to banned ICO, if there is a way to control the ICO then it will be a great solution, banning is not good for crypto currencies growth
Korea,China next Singapore and India,regulations needs to be developed.Now with flood of that ico's there is possible to launder money,itis to much scams ico;s,look market what for to invest almost any ico is failing below io price,where to trade all that tokens.So i think wise regulations can be good for ico market in long term.
I agree with you, Tightening up the ICO rule is great, In order to avoid fraud or illegal money used by ICO, The governments of China and Korea may have enforced the rule.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
Like China, the reason for banning bitcoins is that it lacks legal basis.. you see no law or laws regulating the use of bitcoins... One problem is that the collection of tax seems to decrease because of no law controlling it. Another is the news nowadays that their are fake ICO already... So this contries just try to control the use of it. They wanted it to have legal basis and somehow be regulated. They also wanted it to be with supporting gold bullions as the paper money has something of value backing it... so... this constraints may be cause by the abused of using bitcoins that imperil our government to collect tax and other purposes maybe...
Why not terrible
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
why not terrible thing? It means more and more countries do this and will continue... To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
South Korea? Honestly, it's not that big a deal. It was a big deal that the United States
banned ICOs, and even then it's not stopping them from being diarrhea-ed out. Not all
of them are bad, mind you, but you know as well as I do that there are too many. And
too little demand. Now if they banned bitcoin itself, that'd be the start of something
catastrophic. I'm not looking forward to the day when countries start banning crypto
altogether. Then we'll all have to watch our asses or stop using it altogether.
banned ICOs, and even then it's not stopping them from being diarrhea-ed out. Not all
of them are bad, mind you, but you know as well as I do that there are too many. And
too little demand. Now if they banned bitcoin itself, that'd be the start of something
catastrophic. I'm not looking forward to the day when countries start banning crypto
altogether. Then we'll all have to watch our asses or stop using it altogether.
Governments today have no desire to protect their citizens from fraud, so consumer protection has nothing to do with ico bans. Protecting the market leaders, that is the big cryptos, is what these ico bans are all about. Invest in the big coins because they are now being nurtured by governments and protected from competition.
Let them ban it. I don't live in South-Korea nor do I actively invest in ico's (I actually haven't invested in a single ico ever) so in all honesty I can safely say I couldn't care less.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
I think this is sad news
ICOs allow small investor an opportunity to be apart of a potentially huge company at the very beginning. Just think if there was an ICO for IOTA. We would all be rich today.South Korea is very important to Bitcoin. I hope they know this and choose laws and regulate Bitcoin very wisely.
At least that did not have the same impact as China said they would ban ICO's. Otherwise we would have another buying opportunity. I just don't think it is impossible to control everyone, bitcoin is semi anonymous and can be very hard to trace (depending on how you buy/sell them).
ICO banning = good buying opportunity
ICO banning = good buying opportunity
South Korea? Honestly, it's not that big a deal. It was a big deal that the United States
banned ICOs, and even then it's not stopping them from being diarrhea-ed out. Not all
of them are bad, mind you, but you know as well as I do that there are too many. And
too little demand. Now if they banned bitcoin itself, that'd be the start of something
catastrophic. I'm not looking forward to the day when countries start banning crypto
altogether. Then we'll all have to watch our asses or stop using it altogether.
banned ICOs, and even then it's not stopping them from being diarrhea-ed out. Not all
of them are bad, mind you, but you know as well as I do that there are too many. And
too little demand. Now if they banned bitcoin itself, that'd be the start of something
catastrophic. I'm not looking forward to the day when countries start banning crypto
altogether. Then we'll all have to watch our asses or stop using it altogether.
Nah it depends on a lot of things, from one side banning ICOs is great, because a lot of scams come up, where people just share their money to others and no one can find a thief 
On the other hand ICOs like a kickstarter in crypto world, where projects are able to get some funds. I think ICOs should have some regulation.
The price of bitcoin wont be affected by such news, because there are not so many ICOs from South Korea though
On the other hand ICOs like a kickstarter in crypto world, where projects are able to get some funds. I think ICOs should have some regulation. The price of bitcoin wont be affected by such news, because there are not so many ICOs from South Korea though
I believe not ALL ICO's are bad, but yes of course they are a lot that are scammy, you just have to be a good judge of character and do your research. I hope bitcoin and altcoins still here several years from now, i am buying all sort of coins out there and holding with my life.
According to The Verge & Business Insider, South Korea has followed China and banned all ICO's. The verge reports that "ICOs need to be banned because the trading of Bitcoin and other cryptocoins needs to be tightly controlled"
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
To me this doesn't seem like a terribly bad thing. What is your opinion of this? Is this the right thing to do? or do you believe this is interference?
https://www.theverge.com/2017/9/29/16384718/south-korea-ban-initial-coin-offerings-bitcoin-cryptocurrency-icos
the market is still conducive and tend to be stable. most likely will not have a major effect on the growth in bitcoin and other crypto. this is how people learn from the mistakes that happened yesterday.
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