Topic: We need regulation pretty bad - page 7. (Read 5595 times)
Cryptocurrency does not have to be regulated like money regulated by banks, but indeed now there are more widespread fraud projects and what can be done is more thorough to invest in a new project
Good rules are needed to organize the project, so it can produce a quality project. Actually, there are many rules but not implemented correctly. So this becomes an opportunity for scammers to perform actions that harm many people.
We should be able to learn from experience and before joining the project, you should do the checking.
We should be able to learn from experience and before joining the project, you should do the checking.
I don't see a link between regulation and professionalism in this case
You can compare IT for example, it's regulated, but there are a lot of bad professionals
No one is forced to invest in bad projects, you can invest only in good projects with good devs, it's up to you to research, study and investigate
You can compare IT for example, it's regulated, but there are a lot of bad professionals
No one is forced to invest in bad projects, you can invest only in good projects with good devs, it's up to you to research, study and investigate
Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
That was badly needed to combat the cryptocurrency related fraud, Personally ive been a victim of the previous ICO scams that ruin my trust in ICO's thats why im very supportive of the supposed regulation of the cryptocurrency industry to protect its users and investors againts frauds and scam activities. 
Quote
if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story
That's already too late, Bitcoin is open-sourced and so are those token and smart contract platform, anybody and any company can create one for their companies and organizations.
The best defense now is education, education on how to trace and distinguish and analyze, all the coins that are coming our way, this is one of the bad sides of crowdfunding without regulation , you are left to your own judgment what is legit and fraud.
no we don't need regulations at all and the worst part is that regulation is not going to solve anything in the way you think they are!
the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.
the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.
Perhaps you know about this phenomenon: individually, a person is smart, and the crowd of such people is stupid.the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.
the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.
Therefore, there are laws governing human relations. Unfortunately, I see that this also applies to the crypto community.
How people act in accordance with the laws is largely dependent on the laws. Therefore, I would not make forecasts regarding "shady places for trading".
as investors work on focusing with one on terms with beginning priors on systematical design with objective on future reference of service the use on methodological helps as disposing excess with worse on waste as managing plan on business with point on confinement.
The regulations also contain risks. Therefore, it is useful to look suspicious to both sides. I think regulations will not do everything better at the beginning.
Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
Regulation cant solve up these problems just like on what we are seeing on our traditional fiat system where these fraud projects do still exist illegally.
How much more on crypto space where anonymity is the best recipe on hiding their faces? They can claim that they are professional all the want and
as an investor you would really need to do a research first before believing into these projects.You can actually differentiate it out if the actual roadmap is achievable
or not realistic at all.As an investor your common sense and good decision making will help you out to avoid on losing money.Regulation isnt the key
because even if this thing is being applied it cant still guarantee that it would get rid of these scams so its utterly useless and come to think that regulation is fully
contrary on why crypto is being created on the first place.
Regulations can't solve the scams, even in regulated financial institutions, people are still scammed hugely. I think investors should learn to do research, avoid falling for conmen. Do not give out your money on hearsay.
no we don't need regulations at all and the worst part is that regulation is not going to solve anything in the way you think they are!
the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.
the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.
the same scams are going to continue to happen if not more if this market was heavily regulated and people were restricted about what they could create. that would just push people into off-the-market and in shady places for trading.
the solution to the problem you are concerned with is so easy! people simply have to stop giving away their money to any random person who asks for it in return for garbage.
Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.
Jump to: