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Title: Stop sponsoring ICO/IPOs without escrow! Post by: HeadsOrTails on August 27, 2014, 09:52:23 AM https://bittrex.zendesk.com/hc/en-us/articles/203127460-ClusterCoin-Doing-the-Right-Thing (https://bittrex.zendesk.com/hc/en-us/articles/203127460-ClusterCoin-Doing-the-Right-Thing)
Clustercoin ICO investors were lucky to be covered by Bittrex's escrow in this case. If the "community" doesn't stop with these ICOs it's sponsoring scammers and destroying the altcoin landscape, and whatever regulation comes from this is going to bite Bitcoin in the ass to boot. The only ICOs to consider should have very strong escrow terms. AltcoinHerald (https://altcoinherald.com/altcoin-icos-need-solid-legal-framework-prevent-fraud/) did a great article on this. Quoted in part: Quote The ‘get rich quick‘ mentality that is required to constantly get defrauded by ICOs stems from the same stream of human greed that is encouraging altcoin exchanges to constantly list them. The trouble is, as the malfeasance mounts and the dollar losses continue to sky-rocket, regulation is the only possible outcome. Escrow terms must be changed now. They must implement a solid legal framework written by a tech-savvy law firm that protects all parties during the transaction. Until this happens, altcoin ICOs must be avoided at all costs by anyone who is unwilling to lose all their money. Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: KriszDev on August 27, 2014, 02:10:26 PM Yea ther are too many scams and shitcoins.
Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: rdnkjdi on August 27, 2014, 07:27:43 PM Quote The ‘get rich quick‘ mentality that is required to constantly get defrauded Think that pretty much sums this entire forum up ... Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: Amph on August 27, 2014, 07:47:22 PM to be honest, they are bad even with escrow
Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: spacehopper on August 27, 2014, 09:12:02 PM to be honest, they are bad even with escrow I heard there was a problem with syscoin's escrow. Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: Nullu on August 27, 2014, 10:00:11 PM Quote The ‘get rich quick‘ mentality that is required to constantly get defrauded Think that pretty much sums this entire forum up ... People need to take off their green-tinted spectacles. The scammers wouldn't bother if there weren't people lining up to fill their pockets. Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: Spoetnik on August 27, 2014, 11:06:47 PM stop doing them period.
this is not the stock market etc with Regulations.. it is NOT appropriate for these scamming fuckheads to apply shares, ICO/IPO's to an existing SCAM MARKET. This shit was already pretty damn scammy as it is. those just made it way worse.. they provide an easier way for them to hide their scams.. that is it ! Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: blockjoe on August 27, 2014, 11:10:32 PM stop doing them period. this is not the stock market etc with Regulations.. it is NOT appropriate for these scamming fuckheads to apply shares, ICO/IPO's to an existing SCAM MARKET. This shit was already pretty damn scammy as it is. those just made it way worse.. they provide an easier way for them to hide their scams.. that is it ! ICO/IPO is one of the great idea that kills the alternaters. You have to stop these scams. Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: kelsey on August 28, 2014, 01:33:56 AM escrow or not all IPOs here are scams :o
Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: smalltimer on August 28, 2014, 02:36:24 PM stop sponsoring ipo/ico alltogether.
Coins need to start from the ground up. Period. Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: KriszDev on August 28, 2014, 06:45:14 PM What is the meaning of IPO and ICO I know both for buy coins before release but what are the original words?
Title: Re: Stop sponsoring ICO/IPOs without escrow! Post by: Spoetnik on August 28, 2014, 09:24:08 PM escrow or not all IPOs here are scams :o i agree 1000 zillion % and mostly because of the context / environment they are released in. if we had the same level of protection that stock holders have in the US stock market for example then i woudl say *maybe.. but we have a market a Free For All market where SCAMS are not even against the forum rules LOL i am repeating myself so.. anyway i see them as a step backwards for the Altcoin scene as in rather than an improved distribution method we have one that is worse ! I would never EVER touch any of these scam coins ever ! |