Ban ICOs

[kelsey]

they are 100% scams, bad enough the 101 shitcoins pumped out from here a day, atleast stop the ICO scams.

[kekek]

Quality post

[bit1]

Here is an example about how stop an ICO  quickly        
                                                   https://bitcointalk.org/index.php?topic=1156190.0

[kelsey]

Quality post

nice adverts in you sig 

[ExtremeFacials.com]

they are 100% scams, bad enough the 101 shitcoins pumped out from here a day, atleast stop the ICO scams.

wtf, so which crypto cops are gonna enforce your ban? ... why stop at ICO's, lets BAN bad hairdo's, terrorism, drugs, religion, and idiotic attention seeking threads

how about you turn off the PC for a while and go get a life bro

[kelsey]

they are 100% scams, bad enough the 101 shitcoins pumped out from here a day, atleast stop the ICO scams.

wtf, so which crypto cops are gonna enforce your ban? ... why stop at ICO's, lets BAN bad hairdo's, terrorism, drugs, religion, and idiotic attention seeking threads

how about you turn off the PC for a while and go get a life bro

i'm obviously refering to banning them from being promoted on this forum, just like plenty of illegal scams have been in the past.

there is nothing idiotic about banning illegal scams on this forum, this forum is about discussing bitcoin and other alternative currencies, not a get rich quick off the latest scam promotion forum.

ICO scams give alternative currencies a bad rep, and often suck in and burn newbies to this community.

[Monopoly]

Here is an example about how stop an ICO  quickly        
                                                   https://bitcointalk.org/index.php?topic=1156190.0

Yes .. i said at that topic

ICO yobit..??NO.

I disappointed but again : do have any plan ? what is the purpose of this coin ?

All of these coins start for scamming us ........ No plan ... no innovation ..... no purpose ........ No active dev ..... no Durability ....

[tat123]

ICO are bad, but scam Devs, P&Dumpers, shills, trolls, are ok?

Well I was a noob when I invested in ETH and made out quite well, even though Hero's like you were advising me not to, instead I was getting advice to invest in shitty coins with no purpose or future.

When someone says he wants to protect the noobs, what he is really saying is that he wants to get a crack at them first. He considers it poaching, like they are his property.

[kelsey]

ICO are bad, but scam Devs, P&Dumpers, shills, trolls, are ok?

Well I was a noob when I invested in ETH and made out quite well, even though Hero's like you were advising me not to, instead I was getting advice to invest in shitty coins with no purpose or future.

When someone says he wants to protect the noobs, what he is really saying is that he wants to get a crack at them first. He considers it poaching, like they are his property.

well i don't give investment advice. and personally don't see p2p currencies as a way of making fiat, nor have i ever made a fiat profit from any activities in crypto.

i'm here because i'd like to see this community develop a proper usable p2p currency.


yes and any proven scam whether it be ICO or otherwise should be banned.

[tat123]

ICO are bad, but scam Devs, P&Dumpers, shills, trolls, are ok?

Well I was a noob when I invested in ETH and made out quite well, even though Hero's like you were advising me not to, instead I was getting advice to invest in shitty coins with no purpose or future.

When someone says he wants to protect the noobs, what he is really saying is that he wants to get a crack at them first. He considers it poaching, like they are his property.

well i don't give investment advice. and personally don't see p2p currencies as a way of making fiat, nor have i ever made a fiat profit from any activities in crypto.

i'm here because i'd like to see this community develop a proper usable p2p currency.


yes and any proven scam whether it be ICO or otherwise should be banned.

The old days, miners would mine the shit out of these crappy coins, hype the crap out of it, and then dump it on the noobs, and move on to Rinse and Repeat.
ICO investors are doing the same thing, but this isn't ok?

Who are you to decide what is a PROVEN scam? That word gets used here more than the word currency. I got scammed by XC and never, not once did I complain about getting hosed. It was my fault! When a noob loses money at a poker table, should the casino close it down? Buyer Beware and know what you are investing in, are the only piece of advice noobs should receive. Everything else is fair game. Don't like gambling? Then stay out of the casino. Restrictions don't belong in a free market, because it assumes we need a nanny.

[nextgencoin]

Not all ico s are scams and even if 99.9% were banning stuff is stupid, crypto is about liberty and making your own decisions, good and bad. let people do what they want, who made anyone the judge to decide what someone wants to do if all they hurt is themselves? Some ico have made people rich, NXT, etc so you are blocking some from doing really well from them. Plus they are more like share issues these days, you can't guarantee you will make money....that's the way it's susposed to be.

[kelsey]

i think people are on somewhat of a different page to what i am suggesting.

i'm not suggest banning anything from the world/internet in general.

again this forum is bitcointalk, not unregisteredunlicensedsecuritytalk, notgetrichquicktalk, notgamblingatyourownrisktalk, but bitcointalk.

[r0ach]

Already made this topic over a year ago:

https://bitcointalk.org/index.php?topic=443196.0

Also, never trust anyone from Australia or Poland.

[NorrisK]

OR just ignore any post that has ICO/IPO/ITO in the header of the thread? Not that hard to skip them right? Most people by now are educated enough not to buy in to them.

[nextgencoin]

i think people are on somewhat of a different page to what i am suggesting.

i'm not suggest banning anything from the world/internet in general.

again this forum is bitcointalk, not unregisteredunlicensedsecuritytalk, notgetrichquicktalk, notgamblingatyourownrisktalk, but bitcointalk.

So who will judge what is and isn't an ipo scam. I guess you would of excluded Gemz, NXT, basically half the top 10 coins.

Let people decide what is and isn't worth investing in.....we aren't children.


HOWEVER I personally believe Liberty is not Anarchy. So what I suggest at least is having some rules for posting IPOs, there is already a trust thing which many use, make it mandatory to have your project vetted and verified. I've been saying for a while this forum needs some basic rules, like Newbies have to post in newbie section, sock puppets gets rid of a lot is issues here. Make it mandatory to post 10-20 times and actually ban people if they are caught involved in anything proven to be a scam.


But not giving access to potential opportunities is letting this forums users down actually. Some basic rules I would support, not blanket banning.

[r0ach]

Besides the stuff I've mentioned in my post, it's also about the issues of:  What is money? Where does money come from?  You can cite Mises, Karl Marx, or Charles Manson, but none of the answers are going to return as "IPO" or "ICO".  Like people said, that's basically just an unregistered security that can never possibly function as currency due to distribution.

[unusualfacts30]

ICO was thing of 2014. No one buys it anymore except handful of people. Everyone is getting smarter. It's rare to see an ICO that generates over 20 BTC (without dev buying his own shitcoins)

[rnicoll]

they are 100% scams, bad enough the 101 shitcoins pumped out from here a day, atleast stop the ICO scams.

Then we'll end up with premine/ninjamine scams instead. This isn't a problem that can be solved except through educating users on how to assess coins' value.

[Snail2]

I'm afraid banning ICOs not going to help. Idiots are surprisingly resourceful people and they will always find out elaborate ways to lose money. Scammers also always going to find even more elaborate ways to part the previously mentioned idiots from the previously mentioned money .
Sorry Kelsey, but you can't save these idiots from themselves.

[tat123]

ICO was thing of 2014. No one buys it anymore except handful of people. Everyone is getting smarter. It's rare to see an ICO that generates over 20 BTC (without dev buying his own shitcoins)

Agree with you, except Augur is bucking the trend a bit. In only 2 days they have 5 times more than what they were asking for. Think they still have 42 days left. Why so much? The core DEV has a PhD, Vitalik is an advisor, plus other guys who have worked as an economics correspondent for the Financial Times (hype purposes), and a load of other mathematicians, engineers etc. Not some anon dude in his jammys.

Satoshi is a god to many, because he gave it away to anyone who was interested. Along come these geniuses with PhD's and connections, and ask for money. It is so divisive, because some think it's okay to pay for peoples work, while some think this taints the spirit of Satoshi. Should miners make the money or the developers? Isn't that what this is about?

Work for free for 2 years and give it away to the miners who will dump it? Maybe some will believe in it, and hodl. Maybe in 3 years the Devs will have enough,  mining it like everybody else so they can retire. Probably not, they will probably have to wait 3 or 4 years to recoup their investment. How much can a top notch Dev make on the open market? $150K $200K? What do guys with PhD's get on the open market? So, $300K just to break even? Would any of you work for 2 years for free and give away your work? What assurance do you have that your altruism will be appreciated by the masses and make you break even, or rich?

Don't like the ICO way, then keep mining or supporting grass root projects and hope it catches on. I support both ways. And yes... I do see the honorable merits of building it from the ground up, not top down, but after hodling silver for 9 years, the time in between  are opportunities. Why would I close myself off from that? Did Satoshi envision his projects main utility after 6 years would be a median of exchange for dark markets? http://www.coindesk.com/dark-web-markets-processed-more-bitcoin-than-bitpay-in-2014/