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Topic: South Korea Bans ICO's/Your Opinion - page 4. (Read 852 times)

full member
Activity: 235
Merit: 103
Writting/Translations EN-ES available HERE!
September 29, 2017, 03:03:40 PM
#8
I'm totally ok with banning ICO's, 'till there's a regulation on the matter. I mean, everybody is messing with people's money by promising unicorns, the truth about universe, to make North Korea great again, and even because F*ck you... It really has to stop, because at the end of the day, when some real honest company or person come and need some funding to develop a real useful project, nobody will believe them thanks to the negative fame current ICOs are gaining, IMHO.
hero member
Activity: 1078
Merit: 514
September 29, 2017, 03:01:15 PM
#7
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.
Russia is going to be third. I have heard how their heads of governments and banks disposed to bitcoin and crypto-currencies, in general. They much more interested in Blockchain technology than in digital currencies. I think other countries will also join this fleshmobe about ICO's banning.
sr. member
Activity: 462
Merit: 254
September 29, 2017, 02:54:37 PM
#6
Yes, there are many scams around, but ICOs give a great opportunity to realize projects or to support them without authority. We know, how shares are mqnipulated and what traditional financial institutes made, although they stand under law. As long as it is possible, I will support promising ICO projects. Hope, the bans will not spread out to a majority of countries.And if we want centralized regulations, we even should not hold Bitcoin.
hero member
Activity: 1288
Merit: 645
September 29, 2017, 02:53:15 PM
#5
everybody makıng ıco these days. thıs has to stop. ı support these bans. we need a legal ıcos. so they can do what they offer. otherwıse there wıll be shıt coıns everywhere lıke now. %90 of all coıns are shıt projects.
sr. member
Activity: 322
Merit: 250
September 29, 2017, 02:46:59 PM
#4
Well but it has not affected the market price, it has been rising in the last two days and i noticed that some countries were going to ban ICO's, but the price is quiet and rising. So i hope that this is not going to have a bad effect on the price, since i dont want to see it going down again, now we only have to wait until tomorrow to know if china is going to ban bitcoin forever or not.
Pab
legendary
Activity: 1862
Merit: 1012
September 29, 2017, 02:45:48 PM
#3
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.
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
September 29, 2017, 02:42:46 PM
#2
I've got conflicted feelings. I hate ICOs, because all the people doing them now don't need all the money they're raising, don't have an actual product or plan to build one, or a little bit of both. People jump in on them exclusively to make money without doing a lick of research. I don't think people should participate in them.

I also begrudgingly accept that we probably will need government regulation to get more people to join the crypto ecosystem.

So I think it's a good thing, in the short and the long term, but any time governments start to mess with crypto I get a little concerned.
sr. member
Activity: 308
Merit: 250
September 29, 2017, 02:38:59 PM
#1
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
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