Ethereum should increase the security for their smart contract concept product

[kojoannan]

Ethereum developers can ensure strict verification,compliance or or some form of collateral before allowing ICOs to create smart contract with their platform . Hope this can reduce the so many scams in the system

[allohha]

Ethereum developers can ensure strict verification,compliance or or some form of collateral before allowing ICOs to create smart contract with their platform . Hope this can reduce the so many scams in the system

By the way, this is also a very good opportunity. Thus, it is possible to increase the relevance of ethereum and its value will increase several times unequivocally. If the ico market of companies is returned to their normal course and get rid of scammers, then this will really again attract a large amount of investment in cryptocurrency.

[Rrtt]

I think it's noticed by mostly that ethereum smart contract can be easily used by different people and launch a new project right. But what makes me bother was most projects being launch everyday using their platform are found to be scam and just using some stuff to promote it. Quite dissapointing that a product like this with a very smart idea ate being dragged with this hoax activities on crypto space. I hope Buterin can see this ( probably always)  as a threat and negative response from the community. He should add security features on his platform to decrease and limit users who can used it. What I meant is only legit people can used it as for those who will try to use it for scam can be traced easily if they try to do a fraudaulent stuff. Right? Im bet many will agree.

How could the ethereum guys will know that those persons are legit? We are in cryptosphere and this is decentralized, people could do anything they want and it is up to us people to know what is legit or not when it comes to investing. We have the will to invest or not if we smell something fishy about that project.

[smyslov]

What is your proposal in increasing security? Do you want to have a central figure to check who gets to use the platform? Don't you think that would defeat the purpose of the ethereum platform being decentralized?

I agree it was created to be decentralized but your recommendation is good, they have to get verified first if they are legit company this is to lessen fraudster that gives ICO  a bad reputation until it is not fix we will see hundreds of new ICO monthly and sadly most of them are scam.

[nwanne]

That would have been a nice idea to control the kind of projects to be launched on the platform, but if that's is done, it will defeat the idea and purpose of blockchain decentralization. Ethereum is a decentralized network where everyone can be part of it, denying people access will make it a more of centralized network which we are trying to avoid and introduced a decentralized system.

[muncuss]

Yeah, this thought actually have a point. My statement was a sentiment over some stuff that occuring on ICOs which are using their smart contract. Maybe, the purpose will be neglected on the part of Vitalik as purpose of its product is clearly decentralized. If you are him,, the one you invented have been used on crimes like scamming what will you feel? Dont tell me you will just say that decentralization is something we cannot control although it's already been negate by many factors that happening?

I think a little regulation here can be useful, on such thing that some csn benefit as well.

What we can do is create warning system in many important crypto sites/tool. Like recent upgrade in metamask which give you warning if you visit ethereum scam site or flagged address in etherscan. but this require work from all crypto community

I agree we can't just say this is decentralization. Total chaos is bad everywhere