Of course, if the ICO team commits a crime by collecting money from investors and then disappears with them, then they must be held criminally liable for it. States are too slow to regulate this process and therefore fraud in the ICO has reached a very large scale. It even seems that states are doing this intentionally to discredit the very idea of cryptocurrency. Regulation of the ICO process is very necessary for us.

The creation of such a world currency, such as the phoenix, is impossible neither this year, nor at least another fifty years. For this to happen, it is necessary for the economies of the states to converge, their financial and political systems also converge. In other words, it is necessary that, at last, order and calm prevail in the world, the military situation is not intensified and there are not even any local conflicts. I do not believe that this is possible in the next few decades.

One global currency has few chances to exist. Each state practically has its own national money and they will never refuse to use it, since this money interacts with the economy of this state. Since each state has its own economic interests and these are interesting for different states differ from each other, the adoption of only one currency for general circulation both within and outside each country is unlikely. At the same time, one global currency has a chance to circulate just like an international currency.

In general, ICO projects are very useful for the development of cryptocurrency. This is one of the main directions of their improvement. Fraud, of course, does a lot of harm to the image of ICO and the entire cryptocurrency. However, this will not be permanent. The period of “wild”, that is, not regulated ICO will soon pass, the states will begin to regulate them and everything will fall into place. ICO projects will again become very popular.

Of course, we must teach our children to be, if necessary, good businessmen. Service career can not always succeed, and the skills of a businessman will always be useful. They are useful even in everyday life when planning and spending the family budget. Anyway, knowledge is never superfluous.

It is unlikely that governments will publish data on the economic development of their country through the Internet and blockchaine technology. Partially such information is closed and has either a security classification or is intended for official use. However, part of the government will do it. For example, in my country, land cadastre data, that is, information about all land plots of a country, their characteristics and owners of these plots by the Ministry of Justice was made publicly available via the Internet using blockchaine technology. And everyone has the right for a small fee to get an extract about any land for any official. This, of course, will help reduce corruption.

People can not be forced to use Bitcoin as a means of payment. For them, you can only create appropriate conditions so that they themselves want to use it as a payment system. To do this, you need to create an appropriate infrastructure for its use, which is not yet available. For this structure to be created, it is necessary that most states legalize bitcoin. And this is a long process.

I fully agree with your statement in the attached link to the article that an object can become a reliable repository of value only if it has great liquidity in the short term and converges to stability in the long term.
Bitcoin does not now have high liquidity and in the future will not lose its high volatility and will never have price stability. Therefore, as a repository of value, it is pretty bad. For example, ask about the reliability of Bitcoin as a repository of value from those who acquired Bitcoin at the end of last year at a price of about $ 20,000 and where their repository of value has now gone.

Cryptocurrency will never make our world completely digital. States will never give up their national money, because they interact with the economy of this state. Cryptocurrency is not capable of such interaction. States can switch to the use of cryptocurrency only if they are merged into a single state or when their economic, financial and other potentials are combined into a union of states according to the principle of the European Union. In all other cases, the cryptocurrency can only complement the existing national money of states, but not replace them.

The value of cryptocurrency lies in the fact that it is popular and in demand. If it does not, then its value will simply disappear. She will cease to walk and will again go back to where she came from — into the virtual world. However, this is unlikely to happen. People have already seen its advantages and therefore the cryptocurrency will only continue to develop in the future.

Of course, if KYC is announced at the end of the ICO, when the steaks are already counted, the earned tokens of those individuals who for various reasons have not passed the test remain either the ICO team, or even the bounty manager. Therefore, it can be said that the KYC check at the end of the ICO is clearly a fraud, since it was not specified when joining the ICO generosity campaign.

Ethereum has always been one of the most promising coins among all cryptocurrencies. The near future should also fully confirm the high confidence in this coin. I hope very much now for the introduction of improvements in this coin, after which ethereum will acquire new functionality and scalability of hundreds of thousands of transactions per second. After that, its price will definitely take off and more than a thousand dollars.

The ICO projects now have difficulties mainly due to the fact that the cryptocurrency market is now in decline for a long time. It is because of this, even promising ICO projects can not collect the minimum amount and recently just extend the deadline for ICO. But after all, bounty hunters are no better off. To participate in the campaigns of generosity of the ICO for almost six months, but in the end it is still not known how it will all end.

If we take the USSR as the main socialist state, then it collapsed partly due to the fact that even in the economy there were official statistics on how well socialism was developing, and unofficial statistics, which approximately corresponded to reality. And so it was in everything. Double morality, for the public one thing, but for their surroundings another. And how many millions of people were shot in the name of the spread of good and justice? And how many millions are destroyed by hunger? I lived under socialism in the USSR and I know what I write. You just need to develop a society and spread good and justice, and the ideological superstructure is not needed for this.

Most likely, government regulation of ICO projects will soon appear, which will filter out fraudulent projects. Investors fraudsters cause millions in damage, and this is a criminal offense and the duty of the state in this case to protect its citizens. Therefore, I do not think that the era of good money for headhunters is coming to an end. It's only the beginning...

It seems that they have already come down to the possibility of replacing the economy, then, apparently, they will write about replacing states, and then about replacing the planet with cryptocurrency. Fantasies, of course, are a bit too much for the younger generation, but not to the same extent. How can you replace the economy with cryptocurrency? For example, industry or transport? Will we transfer people over the distance?

Yes, the main problem with ICO is the problem of fraud among these companies. It should be urgently resolved by the state filter for fraudsters. However, this seems to be not so fast in time. States are not in a hurry, as if they want citizens to be convinced of a large percentage of cryptocurrency fraud in order to discredit the very idea of cryptocurrency.
The second problem common for this year is the fall in the cryptocurrency market. The period of stagnation affects both the activity of investors and the activity of ICO.

Of course, the ICO did not die. For them, difficult times have come, but they froze, waiting for suitable conditions for manifestation. Moreover, as long as I do not observe a special decline in their number. However, there are really problems in the operating ICOs, they hardly raise funds, investors are very inert now. Now a lot of fraudulent projects and all these problems curled up in one tangle. We cannot do without state regulation of ICO activities. It is necessary that government agencies filter out fraudulent ICO projects. Then investors will be happy to invest their money in these projects.

The dominance of Bitcoin in the cryptocurrency market may not destroy altcoins, but it has a depressing effect on them. We can especially see this in the example of this year. Bitcoin was pumped, it fell in price since December and for the whole year the whole cryptocurrency lay on the price bottom. Everything almost stopped, including ICO projects. In my opinion, we didn’t want such a decentralized cryptocurrency market.
Many here criticize the Altcoins and their uselessness. Yes, the percentage of uselessness of altcoins is high, but this is still one of the main directions for the development of cryptocurrency. Moreover, the practical direction, the one that will be introduced into practical activity, and not pump air, as most universal coins do. In general, I am not satisfied with the hard price dominance of Bitcoin in the cryptocurrency market and I hope that the market itself will soon be able to solve this problem.

Bitcoin can only exist in conjunction with fiat. In another way, he will not walk in the world. These currencies also cannot replace each other. If they walk at the same time, they will complement each other and everyone will benefit from it: people and states.