Bitcoin Forum

there are so many tokens around, that are useless
i think that the only way to stop it is moving on to platforms that regulate the coins that being made
komodo platform will talk with every company that will make a coin on the platform
and ADA protocol, will regulate the tokens that will run on their protocol
i really dont see a future to the ethereum ... its getting out of control with all this eSHIT coins and many other scams that have been born on the ethereum..

"..getting out of control..", i love it ;)  however i think ETH is good platform because ppl can learn to make their own token/coin and learn how it work. We are in decentralized world and we can't let only big company allowed for creating ICO. But yeah i also tired crypto world being flooded with all of that scam ICO token. so don't know what to say because it is like plague but also has good side. waiting other opinion

Ethereum is a platform. The market (investors) have to regulate the rush. If they only buy the ones which are trusted and worthwile, the rest will disappear.

Well, you have a point that it will throw away the system as a decentralized but don't you think that it's too much already? A mere kid can make his/her token and can roll an ICO just by the help of a designer/programmer. (he/she can also hire people for help) without any products and services to consider? Then those crypto newbs will be baited on the ICO without knowing that the project is delusional. That's another BS token for the community, addition to the long list of this kind of tokens.

I guess nobody wants that? BUT it's already happening. Look at this thread https://bitcointalk.org/index.php?topic=2247751 for reference.

this token rush seems to take on different forms too - first it's ICOs, now I think airdrops and forks are very hot -- I'm not sure what to make of all the airdrops and forks, but I try to keep up with them and get them when they come - since they are free

It will not stop easily because people are rushing to it. These Eshits for example may be a total shit but because people are flocking to get a share of these shits it has gained a little ground in the crypto market. But it will still die out eventually because these Eshits are almost nothing in terms of project vision. They do not have anything except airdrop.

This thing is taking huge proportions. There are token launches every single day... and there are always buyers. I fear that you will have to learn the hard way.

I don't really see the problem.    It's a free market.   Coins/Tokens that offer something of value will eventually rise to the top.   I've participated in a number of the airdrops.  Half of which I haven't received anything.    But beyond that,  why not?     It's gambling with the house's money.

A lot of people losing a whole bunch of money and then deciding that they think ICO's suck would probably do the trick.

You think so ? This has been happening for years and people still come and lose money.
The moment is stops is when people can't make  money anymore. As long as it pays people  keep doing it.

ICO is also the biggest scam. How can nobody manage it?. Many drop coins now issued, which at least won't let you lose anything. Be satisfied with your brother

I think that this "token rush" as you call it it's not something to worry about because, yes, there are some scam coins that are not worth shit, but there many other good projects that crowdfund themselves on ICOs and they turned out to be quite profitable for investors in the short -and some in the long- term

ICOs want success ,i think ICOs use token to have money . investors want money ,too .

but  investors need read and research any ICOs ,maybe it is scam . and no stop token rush .

It's a free market, so only people themselves can stop this.... they might do this when they realize that there is no substance in most of these projects.

And we were all wondering while China decided to put a leash on ICOs a few weeks ago. While people might be rushing for free tokens others (investors) are getting burnt by some of shit coin projects.

The one who are using cryptocurrency always seek for anonymity and personal privacy so if there will be KYC and other regulation added when investing in ICO, those projects might not get any significant amount of investment as people will afraid to get into any legal issues according to their countries anti money laundering policy.

ETH is best because investing in ICO is anonymous and yes it have helped many scam projects, but investors have to make deep research about the project before investing in them.

There free so collect and be thankful.

Nothing! So far there is still incentives for people to make money, even if regulations come in and ICO etc are ban in certain jurisdiction, people would move to another jurisdiction to continue their business of ICO as usual!

that's why i say waiting other opinion. i know of course i know it's been too much, but that is the result from this system. fact
Only way is to educate ppl how to find good ICO, or if it still hard, any developers must reveal their real identity in their ICO

Even with regulations new icos will be created all the time, they will just need to follow certain rules and have some more obligations. But until that global regulations about icos come, nothing can stop this rush, not China, Russia, Canada, developers will always search for country where laws are different and they will continue to do what they do from there.

"out of control" . . . isn't that kind of the idea behind crypto in the first place?
Yes, there are tons of shitcoins and scams, but satoshi set out to make a currency that isn't controlled by a central organization.  What you are suggesting is completely opposite to what makes crypto attractive in the first place.

so to deal with all the craziness, just ignore the others and invest and use the ones that are personally useful or profitable to you.

The same thing will stop the token craze as stopped the altcoin craze. Nothing.

People need to educate themselves on ICOs, in order to filter out the scams and crap from the legitimate ICOs.  Read:

3 kinds of ICOs - Protect Yourself
https://bitcointalk.org/index.php?topic=2243157.0

Well... the ban of Internet- my best guess. You have a point, when say that there is a bubble on the cryptocurrencies market, however, not all the new coins are scams and craps- we just have to eliminate the wrong once before investing anything. ETHERIUM is a really important, efficient and useful tool for crowdsourcing and successful crowdsale. However, it should be applied in a right way, which is always difficult as you are unable to check each and every project. At this point we discover the fact that it's useless to argue over utility of ETHERIUM as money teams tend to overrate themselves and are going to crowdsale without any product or clear way of future development. Though the process is unlikely to stop completely in the near future

I can't help but to notice the timing of all these 'shit coins' being released coinciding with the hardfork about to happen. Part of me thinks that a few devs have realised they can quickly up their stock of ETH and, ultimately, BTC prior to the fork to get as much free BTCGold as possible.

I also cant help but to think the same people are behind more than one of the coins, little things like the same typos in their webpages being one indicator and then, the more obvious indicator, when I went on the eXMR 'Medium' blog the link to to their e-xmr.io website actually still pointed to the old eltc.io website.

I pointed that out to the dev in Telegram and the link was changed then all the posts detailing the death of eltc.io followed. Seems like someone realised they were being a bit obvious maybe? IDK.

Investors can stop it, contributing to a useful projects with many antiscam proofs

not a platform like the wrong etherium that I think, but someone who uses it as a fraud event, then we should be able to choose which good and the quality that will survive.

Exactly, time will take care of it as people will realize 99% of them are pure garbage.

The answer is pretty simple actually. If investors like you and me stop having an interest in those kind of tokens, and more importantly: stop buying them, they will naturally decrease.
The only thing that drives people to create scam coins is to make money. Everyone (nearly everyone) in the space wants to make money , it's that simple. So as soon as the money flow starts decreasing you will see less projects that are useless and solely have the purpose of earning the 'developers' money.

Bitcoin falling can lead to an end to this token rush. The crypto market is dependent on the king and if the king falls, everything else will follow the same downward path. I doubt this will ever happen. Bitcoin to the moon. 8)

Good reasonable regulations by the big boys are the only way to keep the SCAM and possibly low quality ICOs away. That's why for the cryptocurrency industry to go even further, a temporary ban and sorting out the rules might not be a bad idea afterall.

What token rush? you mean ico? Well it is already over, too many icos. like 15 a day!

Somehow, you are correct with the future of ethereum. When the hype of ICOs stopped, the price of ethereum would go down. These ICOs give a  great opportunity for investments but the problem is there are too much ICOs. There should be a regulation but I don't think it would happen because it is hard to manage.

It is not hard to manage...
look at the Komodo platform, they will not allow to just anybody to open a coin on their platform

and there is another solution of the cardano protocol, that have built in tools for some regulations

Agree with the author, just the tokens on the ETH are very easy to make and blockchain ethereum is simple and understandable.

I am already earning a highest amount of money by investing in that rush of token. You only need to study well about the project and their strategy and have to invest then. I love that more and more businesses start their ICO because when a new ICO come then a source of income start for me as I invest with them and after the end of ICO I make a good income with my investment.

It won't be ending anytime soon. The coins that get listed have a pretty long lifespan, transferring coins from one place to another will keep happening.

Everything depends on people who invest. As far as they invest in every  single project they conseider to be at some extend promising, the rush for ICO will not end. But such avalanche of ICO has started in the begininng of 2017, so I guess there is about half a year for investors to ripe what they have bought. When they realise that a grear deal of coins they've bought are of no value, they will become more careful themselves and so other investors will.