Bitcoin Forum

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

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.

When one door closes there open ups many more! I mean ICO's are like that only and people are not tired of trying them at all. If they loose at one then they will open up another investment portfolio and thus this cycle keeps going on all the time.

Crypto currencies are becoming passion for many people rather than just the investment. Banks are already spared by them and they are more focused on this new world. So chances of flooding the ICO's eternal market are more than before now.

Banks will never be gone so I think this won't happen. There are lots of coins but only few function or act as a real currency. Despite the fact that we are moving into the digital world, we still need banks since they do have functions that are valuable to our economy.

Cryptocurrency is never bad for the people unless being used in an illegal way. This innovation is made to correct some flaws and inconvenience that banks gave us specially when transferring money and the transaction speed and cross border fees.

We can't really tell what will happen in the future let's just all cross the bridge when we reach there. Happy hodling and have a good one! :)

I think it will not because I wonder what would happen if the banning of ICO advertising by Facebook, Twitter and Google will fully take effect on June? Maybe ICO will lost or reduce credentials in which if this will happen i think the numbers of ICO will going to reduce because the information about ICO projects will be limited to reach out the society.

I don't think so. For any new industries, the booming always occurs to a certain of time. When it is matured enough, the market shall filters itself and chooses the best ones to remain. It's called natural filtering regulation. As we can see at the present, there are some new ICOs given birth to the market day by day and we sometimes have a feeling of being flooded with. However, i think that the Mr market will eliminate most of scam and unsuitable ico. Well, there will be, of course, a lot of investors loose their money for fraud ico but it's completely normal for the healthy crypto market in the future

i think ico fame will spread widely after today many banks are planning to use blockchain, so after this cryptocurrency will be familiar among the public.
especially if the government supports this, then i think its progress will be faster

People now are getting more educated in this line of field,and time passed by they are becoming more matured and wont be victimized by this scamrs "ICOs" that has no plans but to take investors money and run with this,so if this continues icos will be lessen and sooner will gone,if all of us learn how to know the legits and scams,then choosing the investment materials were to put is easy and will only bring success not depressing

Actually it is happening now that the cryto industry is beeing flooded now with so many altcoins. Mostly of these are just hoax or a gate ways to scam or hack unsuspecting new investors. It is always safier to indulge in the popular and proven tested through time cryptocurrencies such as Bitcoin, etherem and litecoin are the proven and tested crypto investments. Those are no5 legit will soon fade aways.

At the end of the day, with decentralized exchange platforms becoming more of a thing, everyone can have its ICO be hosted through these platforms without any government body forming an obstacle.

I personally consider that to be an effect of what we call the free market. I don't see any problems in an oversupply of ICOs and currencies, because we can ignore them if we so wish.

It's as always the noobies who are after these niche products and not so much everyone else. The last few years have been an example of what has to come, and as everyone can see, it's all quantity over quality.

Noobs love it, and as long as that is the case, there is demand for rubbish coins and tokens.

I don't think societal flooded ICOs can ever be withered because they integrates a lot of positivities in the Crypto worlds despite their short comings where series of Bull Shit coins are introduced, because Cryptos are continuously promoted through this medium. However the issue of Banks depletion or depreciation is at least at the moment an understatement since many or major societies uses them and are not ready yet in some ramification to give in to Bitcoin, probably in the long term future.

I believe the ICOs market will eventually reach its equillibrium. It just requiers some time to develop internal institution of reputation which will work on elimination of scammers.

I'm pretty sure not. The quantity of innovation in the cryptocurrency is still a lot but I don't think that projects will flood in because of these due to innovations that could also take place in that project. I don't that all the successful projects will just stay in their comfort zone and I'm pretty sure they will cover up most of the holes that needs to be covered and all the expansion that could be made to make their projects even more worth investing at.

Of course. The whole cryptocurrency community will be flooded with ICO  cause ICOs  are the best way for investors vto make huge profit aside of bitcoin and the crypto scammer are using that opportunity to steal from people. Besides, was the main thing that attract the regulators to crypto curreny and people need to be more careful and know more about project with the team involve.

Try MMOCoin.

This would be inevitable. Even though the crypto market will mature in terms of the people being knowledgeable in crypto trading they would still take advantage of this worthless ICOs in order to make profit. Things such as hyping and blind investing would still be practice in the future in order to make profit and I don't see anything can stop it from happening.

The stock exchange is a good example on how things wouldn't change even if the market participants became knowledgeable. A lot of them are still hyping, spreading news, believing on a worthless company in order to make profit. Not to mention that newbies in trading won't disappear from the market as some of them just follow what other peoples are saying without doing their own research.

Lets be very careful associating with ICOs that are have no solid backgrounds. We can end the cycle of continues ICO pump to dump and other coins that have no value at all, just disengaged or never put investments on them at all.

I just hope this will not happen. We must be careful in choosing ICOs to support. There are ICOs that promotes the growth of crypto currencies as for the common good. So before supporting an ICO make sure you know all about it, its goal and most of all if we can gain profit from it.

I completely agree. Right now they're slowly drowning themselves in their own noise. The more that emerges the more reputation they will lose. Although it's hard to tell when that equilibrium will be reached. Especially since the concept of crypto is still pretty new to a lot of people. The slow adoption of crypto is a reflection of how slow we are progressing to equilibrium. 

Well, I would say we're entering the new future, and that will be a complete digital world which wouldn't be without support from block chain and cryptocurrencies.

Yes i think so, since the trend nowadays are ICOs, it is easier for big ico to diversify projects just to get a share on the total market cap. And since these ico are not regulated by the govt. We will certainly will be seeing more initial projects, somehow thanks for some social media outfit that ban ads on ico.

And i think many ico are popping out on the internet are caused by banks and some govt trying to sabotage the hype on cryptos, in short they will create ico that are worthless and end up being a scam just to make people distrust crypto's, sort of a demolition job on bitcoin.

Are you saying here that bitcoin is bad for the people? I think not since it grants them full control over their money(because of decentralization).
Society will not get flooded by cryptos, since most are destined to be used only as an alternative means to pay. Banks won't lose their cartels either and people will still continue to use their services in the future, even if there is a decentralized way to store money.

Simple reply would be that:
We won't be flooded. ICOs will exist,they will be strictly regulated. If that doesn't help,most likely countries would start banning them one by one.

I think that an ICO is the best way to increase capitalization of the start up projects. Some teams cannot take out a loan in banks, therefore they use a crowdsale instruments. I guess that yes, the ICO count will be increased year by year, and the total capitalization of the entire crypto exchange market will bloat. Take a look at the crypto currency list. Some Ethereum tokens (for example, EOS, TRON, etc) reached hard cap during ICO are already in the top of CoinMarketCap! ICO campaigns is not bad at all. Let the best of them flood the world society.

That is not what is going to happen, you must understand that right now we are at the earliest stages of cryptocurrencies this means that many of the projects that are currently in existence are going to disappear, this happened as well with the dot com bubble, but once the market reaches a greater degree of maturity very few coins are going to survive and after that anyone that wants to create a project to compete against existing ones will have to invest a significant amount of time and money so there will be no more useless coins in the future.

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

I don't think so. Banks won't be eliminated. While many of the new ICO advocates good ideas, there are very few instances where we can't be sure what will happen in the future, but I certainly don't think Banks will be replaced.

No matter how you call it, there is a natural process of developing the crypto currency. While the market will be massively replenished with new tokens and their number will grow, at the same time a decent portion of tokens and coins will forever leave the market. I think that this is quite normal. In addition, many states will issue their own centralized digital crypto currency following the example of Venezuela. Some will provide it with something, some do not. Crypto currency must go through this stage, without it, it can not develop further.

Is bitcoin bad for you? I think blockchain technology is one of the greatest discovering by humanity and we are in the age were technology rules! Ico are going to be pumping up day in day out as human needs arise as blockchain has a potential to solve most of the problems we are facing. We are having scam icos now because people has not develop that capacity to separate between the real one and fake one but in future people will have understand for this.

It is definitely way too early to write off the Banks. Most governments are working very close to Banks and they will not allow disruption of this kind under their rule. These Banks control people's wealth and they monitor financial data on all citizens, which is a very valuable source of information to these governments. <Not only for tax purposes>

You would have seen that some governments reacted very quickly, when ICOs came on the scene. I would expect a lot of regulation from governments on ICOs in the future. This will create a barrier to entry and it would decrease Scam ICOs. <Proper KYC/AML regulations will be a requirement in the future>

A couple of stats, $4 billion dollars were raised through ICOs last year, the number of ICOs hitting their fundraising goals in June was 93% and it gradually declined to around 23% by November, too many scam projects made investors smart and on top of that after September with China ban and then South Korea and persistent SEC warnings there has been a decrease in ICOs. There is also a new trend catching up, reverse ICO, tokenization of existing businesses, corporate coins. With regulations around the corner, it looks like the Wild West days of ICOs are coming to an end and shifting to security token offerings. It's necessary and definitely a far better option than the crypto market getting flooded with worthless tokens and many investors getting scammed in the process, but certainty not at the cost of if regulations create an entry barrier for retail investors.

For me bitcoin has never been bad for the people and has already proven its worth,unless it is being used as a tool to scam people or being used in illegal activities.Just like some initial coin offering that pulls back and stop their ICO when the project didn't succeed but how about the investors that funds their platforms to create a coin that can be the future currency like bitcoin?Probably this could be a bad effect fo the people that can untrust investors on different existing ICOs.

Those who arent legitimate services that offered should not be supported so that the one who made the ICO will end up losing his capital.

You can always choose what you will support and spread the news that it is better than any ICO.
Those who will really have usage when the time comes. That is why they have their roadmaps and whitepapers for that.

We can be filled by those types since we are getting to a world where anything can be transact thru internet. By the use of crypto it can be faster and better.

Bitcoin is totally different from an ico. Of course bitcoin is not bad for him and it is not bad for us either because we all know that bitcoin is verry beneficial to whom who ever uses it but ico's? I dont really think so.

we all know that most ico's are always failed and if not failed , they always ended up scamming other people but there were also people who get a lot of privellages by investing an joining thru it.

 Im also aware that ico's are growing day by day and there were now tons of them but i dont think they can dominate our society because cryptocurrency is still the leading when compared to them.

I agreed to what you said cause i also believe in ICO as better investment and the chance for the crypto market to be flooded with ICO is huge. Let's just hope that the government and the SEC won't do some thing silly which will affect the crypto market.

I agree on this matter. While banks are not likely to disappear, ICOs will become more and more popular, contributing to the growth of the market. However, as more of them appear, they will become better, so that people really care to choose them for investment. This can become a powerful self-regulatory mechanism and eventually we might even have rather strict standards any new cryptocurrency will be obliged to have.
An outer stimulus can also take place in the near future, because the governments might set their own rules and requirements of releasing ICOs legally.
We will have more interesting project and less scam with the help of those two factors I stated above IMO.

It's not really any different from the world was before crypto currency.  There are always companies out there looking to scam people or flip a quick buck and disappear.  The way to protect yourself is to actually research what you invest in and research the people behind it.  There are TONS of good ICOs out there and have excellent talent behind them.   Don't allow yourself to get ripped off, it's not difficult so long as you don't let your greed blind you.

 I am still waiting for the time where most protocol or startup does not need money collected from people but instead money from it's creating their protocols or platform. Anything that both creates value and captures value. I have noticed other blockcahin projects that actually starting to create and captures value and didn't do ICO.

ICOs are currently powering a innovative revolution of ideas. Without regulation anyone in the world can invest in a good project and make money. There are a lot of scams however if you cut through the trash then the real valuable projects are helping the world be a better place.

I have yet to find an ICO with a convincing business model. Most are just hot air evaporating from a fancily designed landing page. But I'm not for regulation, because I think it is still very positive for business and economy to have access to venture capital without excessive bureaucracy.

The more scammy ICOs there are, the more critical investors will be of new offerings. So I expect (or at least hope) there will be natural selection process which will lead to more respectable business plans in the field.

There was an advantages  and disadvantages of having ICO, we know that ICO has an important role in our society this is a modern way of planning, developing, and launching of a particular projects. Most of ICO's are have or had a good outcomes in our community it helps us to live in a modern way with the use of technology. In this generation we are going to modernization and globalization so we can't stop thi changes.

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.

People find it an easy way to do crowdfunding, wherein the advertisement and being known of the project is already in it too. There's just need to address the standards of accepting ICO or project in a country to avoid scams.

While they while promising fast gains with small investments I think they will continue to have success because the human being is to greedy and when such an opportunity is presented to him most of them are blind.
Those type of scams were going on even before crypto and were called ponzi scams.
We should take matters in our own hands and do a correct research before investing some money and always keep in mind this: "If a thing sounds too good to be the truth than it might be a scam. "

I guess it is a no because there are still many systems that are finding the ico's that has a potential to grow more and not just shitcoins open just for a crowdfunding and do nothing after the listing into a exchangers maybe there will be change in the system of ico in the future.

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.

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

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.

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.

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.

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.

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.

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.

Doubt it, I believe we will see the ICO market cool off for two reasons:

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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. :)