Topic: will the worlds society now be flooded eternaly with icos? (Read 495 times)
I think ICO will be replaced with some new fundraising method as the technology and awareness of the blockchain develops. There was a prediction that less and less people will create their own tokens in the next few years, and everyone will just use ether or whatever blockchain coin of the dominant infrastructure may be. I personally like different platforms having different coins, as they are not just money in that sense, but also represent value and function specific to the platform. But we need a good universal wallet and an easy-peasy way to exchange those tokens for others in order to be useful.
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
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I think banks still holding the control on our financial system. With controlling money supply, they have power to move market up or down.
RIght now many ICOs launch in cryptomarket but i do believe that market selection will reducing bad coin in market.
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
regards
regards
as negative as your opinion is, it might be right. A lot of ICO's today are almost similar from one another. The system of creating a project is doing ICO's to fund the project, but when all else fails the investors lose the most.
Possibly that many ICO's will show up. Most especially some country is starting to legalized ICO's. One of them that I know is South Korea. They have seen how big will be the opportunities that ICO is creating. Multi-billion Dollar. For me I will put in mind to research first before joining a certain ICO. Better not to be scam. This is not impossible that society will be flooded with ICO. I hope to ease time we will have a website that we can check if the ICO is legit in the future as ICO became legalized.
Every now and then many emerging ICO project in cryptocurrency they have a different platform that may use in the society.
Some are a success and there is also a failure of their project, but the worst is those from the start they are planning to scam people who invested. And that might be happen flooded ICO's in every country that uses to the society which has a great opportunity to have a profit.
The problem is they can't survive it take a month but not for long-term service to develop.
Some are a success and there is also a failure of their project, but the worst is those from the start they are planning to scam people who invested. And that might be happen flooded ICO's in every country that uses to the society which has a great opportunity to have a profit.
The problem is they can't survive it take a month but not for long-term service to develop.
ICOs give a perfect opportunity to escape banking system for businessmen, but I'm sure it has to be regulated. For now there are too many ICOs with potentially bad end for investors and only few projects reach real success. Investors should to have guarantees tees and meanwhile the control shouldn't be too tough to stay enough air for young businessmen and new ideas in general.
this will still last longer, and the startup will be selected by nature. those who used to make sorts of projects will be eliminated, products that launch without quality will be eliminated. the human idea of crypto has not been exhausted, plus the currently popular blockchain technology is still very legit for new developers to hunt for profits.
Hopefully not, because there are a lot of emerging ICOs that promotes good ideas but in the end, they are not really used in their use-case scenario. People are just jumping in and investing in those projects just to earn some few profits and joining the hype for a while. But as a result of people getting on the hype, more and more companies are starting to make their own crypto so this is likely to happen.
Quite true. A lot of Initial Coin Offerings (ICO's) were introduced in cryptocurrency, had a great projects but after they've raised-fund the money grom the big investors (actually, sometimes including banks), it turned out to be useless. Thousands of ICO's were just used to start suspicious act like collecting money but in the end, they will not even make it to lost in some major exchanges.
However, banks has still power and shouldn't be losing their cartells.
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
regards
regards
I think, I dont believe banks losing their cartell control, they still have it. They have capital and they can use to manipulate market. I think new ICOs will always coming with same project with others or different project, but I am believe on competition.
Competition will creating healthy market and thats make investor on cryptocurrency will have more knowledge about crypto world
Yes, that is why we need regulation to control the ico, everyone got the right to create ico that they think can help the society and they are tempted to get the money from creating ico, if there are no regulation we will see ico with the same feature keep popping out, and it will be weakened the crypto value
Even if I do not like regulation the market has failed completely at trying to regulate itself, so there is no choice but to accept that regulation is needed in the market but at the same time we cannot let the market be completely restricted by heavy regulation, because if that happens then no innovation is going to take place and that is never a good thing for a new industry. Doubt it, I believe we will see the ICO market cool off for two reasons:
1) Regulation crackdown
2) ICO fails and investors failing
1) Regulation crackdown
2) ICO fails and investors failing
I believe that people are just abusing these new coins hype simply for profit and not their intended use. If people were to use these new cryptocurrencies for their real uses i believe we would not have this problem.
Doubt it, I believe we will see the ICO market cool off for two reasons:
1) Regulation crackdown
2) ICO fails and investors failing
1) Regulation crackdown
2) ICO fails and investors failing
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
regards
Nope because ICO's cannot freely advertize their project most especially on social medias and also in googke I think that is why the worlds society now cannot be flooded with ICO's. It would be very nice if ICO's will be regulated by governments just to ensure investors and advertizers safety against potential scam projects that are lurking arround just to make a trap for us all and we should also be aware of that. regards
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
regards
regards
No, I do not think that it will happen. Soon the law concerning these ICOs will be taken, and it might be used globally. Only the good trusted projects will survive. The number of ICOs will be certainly cut.
If some kind of regulation on ICOs took place similar on what we are having with Initial Public Offering (IPOs) of Companies then we won't be flooded by this "Propaganda Coins" right now we are seeing a lot of tokens and a bunch of them have the same offering or features, it is like they are a copy of one another but they are claiming that they are better. If we have a regulation provided by the government this ICOs will be limited and only a few will make it out and available in the market. Also having a regulation and laws would likely to happen as governments will see that this would be necessary to provide security to their citizens.
will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?
regards
regards
There is great chance of that one happening as we move through the time. I mean look at the crypto currency projects that are getting built up these days! People or entrepreneurs know very well that this is something off the chart and can fund their projects with great accuracy! I am saying that ICO is new hope to start up business and thus if we as investors keep believing the ICO;s then they will get the attention and thus they will keep coming all the time.
It could happen when world society can be flooded with icos because of the growing technogy there are many pkatforms being introduced through the ICOs launched projects as cryptocurrency are circulating powered by the blockchain technology , I believe ICOs are always there forever and until there are cryptos there would also be ICOs around.
nowadays, company are into ICO because it has a huge profit in return... maybe someone we will be flooded with the ICO just to earn money. some of them are scam.
Nope its not always easy peasy huge money return both for the investors and for the developers, well let's accept the fact there would be scammers and there is also a legit company or projects that launches an ICO, I witness some legit projects that fail during the crowdsale that results in disappointment, waste of time, effort and money, for the OP it doesn't mean the forum is flooded with ICO projects ann and bounties it will replace the traditional banking cause we still needed their services and it is still beneficial.
I think that ICOs will die at some point in the future. I watch new and new ICOs from time to time and I wonder why people invest in them. There are many projects which gain a lot of attention, but don't have any futureproof plans. There are even projects which had their banners, logos made in paint. That's ridiculous. I don't mind on what other people spend their money, but I don't want them to blame cryptocurrencies because of their bad investments. Fortunately, some countries started to regulate ICOs which should makie it more difficult to create such scam project
As per the whole cryptocurrency status of the world, people to a large extent, actually the majority of them are invested in the market just to exit with a large sum of profit. They are completely ignorant of the wholesome advantage of cryptocurency, the technology on which it operates, and the benefits it can bring about in the economical atmosphere of a nation.
This is the case with most of the users. They want their perosnal input to get doubled, tripled or quadrupled in the shortest period possible. Its more of a gambling environment and less of an digital currency market.
New ICOs will keep emerging, and making few richer, while the prime focus of betterment of the whole crypto ecosystem stays on the back seat.
New cryptocurrencies emerge on a daily basis on nothing substantial within then, but just to exist. For new and less informed crowd, these end up being a pithole of inexpensive cryptos with actually no value in return.
This is the case with most of the users. They want their perosnal input to get doubled, tripled or quadrupled in the shortest period possible. Its more of a gambling environment and less of an digital currency market.
New ICOs will keep emerging, and making few richer, while the prime focus of betterment of the whole crypto ecosystem stays on the back seat.
New cryptocurrencies emerge on a daily basis on nothing substantial within then, but just to exist. For new and less informed crowd, these end up being a pithole of inexpensive cryptos with actually no value in return.
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