Do we need an ICO regulation?

[dihari]

After so many projects going scam the Investors or just dying before launch anything, I start think about this. I believe a project that want to raise huge funds should be backed by something big too. I know most of ICO doesn't have enough money to start the project and release announcement of their ICO with almost free money (there's website hosting payment and or copy-writers fees).

There's no guarantee for the Investors the project will ends well or the funds can be repay if something about fail gonna happen. Even they use escrow for fund, I don't think it safe because most of them using escrow that we don't really know.
We can't see people lose their money anymore. We need a trusted company or an organization with trusted people behind its to be a regulator. So every company should register their project, introduce the team (decentralized project doesn't have to be anonymous), office address (at least we know the place even if it's just a garage). And after that, the regulator decide to approve or reject. If it approved, they can make their Ann thread in this forum with regulator "approved sign".

Well it's just an opinion. It's all back to you guys to speculate money in crypto world.

[rkp13]

No we don't need government regulation in Crypto or ICO. Most importantly no one government can regulate is because of its decentralization and global nature. yes many people are getting scammed and will get scammed but as technology and ecosystem matures it will be more regulated itself. Do you remember .com boom? Many people lost fortune though it was well regulated and most small investors was kept out of reach. Now look back those who survive the bubble burst made 1000X and ever hundreds of 1000X or their initial investment.

[2bfree]

The government is a scam, why would you want them to manage the ICO. I would rather decide who is a scam and who is not as a free man, then a regulated man. Free is better then regulated! The reason people think that is a lie is because they hate freedom and demand they be regulated. Not me, leave me alone!

[favila]

I think its a great idea but one that will be hard to get off the ground because they would have to convince the ICO's to use their regulation service in the first place.

Crypto is going to remain the wild west for quite some time and that means people will need to do more of their own due diligence despite a lack of expertise in the matter as unfortunate as that is.

[rudystyle]

Crypto is inherently decentralised so I don't think regulations would work. It's just buyers beware

[adhitthana]

Regulation will make it hard for small investors to participate and make money. If ICO's had been regulated a lot of small people would not be rich now.
Regulation kills things and makes good deals only available to people who are already rich

[adhitthana]

Most of the really good, high risk deals in the share market are only available to "qualified" investors. Small fish are prohibited.

that has been one of the wonderful things about crypto. Hedge funds mostly missed out and small fish have done very well

[dihari]

No we don't need government regulation in Crypto or ICO. Most importantly no one government can regulate is because of its decentralization and global nature. yes many people are getting scammed and will get scammed but as technology and ecosystem matures it will be more regulated itself. Do you remember .com boom? Many people lost fortune though it was well regulated and most small investors was kept out of reach. Now look back those who survive the bubble burst made 1000X and ever hundreds of 1000X or their initial investment.

It's not government, why it's should be government to regulate everythings? Let's say it's from the private sector. Collaborate of some familiar name of crypto world.

Regulation will make it hard for small investors to participate and make money. If ICO's had been regulated a lot of small people would not be rich now.
Regulation kills things and makes good deals only available to people who are already rich

Regulation is not for the investors, it is to regulate the projects that deserve to write Ann thread for their ICO / crowdsale. So whoever the Investors, whale or ant, they can safe to deposit their fund.

[davhek]

Defintelly not. This model allows 'normal' people to make money.

[helloge]

Crypto is inherently decentralised so I don't think regulations would work. It's just buyers beware

I agree with you. The buyer should be aware of the scam risks of an ICO project. Any regulations from the government or other community will cause centralized issues.

[que91]

Crypto is inherently decentralised so I don't think regulations would work. It's just buyers beware

I agree with you. The buyer should be aware of the scam risks of an ICO project. Any regulations from the government or other community will cause centralized issues.

Yes, if have a regulation in ICO, I think it look like as IPO and we not need invest to ICOs! Interesting point in ICO is not have regulation and fastest, not need more time in crowdsale. Maybe, when invest to an ICO, we need see this project have escrow and is really or not! This is very important when investing to an ICO!

[MainIbem]

After so many projects going scam the Investors or just dying before launch anything, I start think about this. I believe a project that want to raise huge funds should be backed by something big too. I know most of ICO doesn't have enough money to start the project and release announcement of their ICO with almost free money (there's website hosting payment and or copy-writers fees).

There's no guarantee for the Investors the project will ends well or the funds can be repay if something about fail gonna happen. Even they use escrow for fund, I don't think it safe because most of them using escrow that we don't really know.
We can't see people lose their money anymore. We need a trusted company or an organization with trusted people behind its to be a regulator. So every company should register their project, introduce the team (decentralized project doesn't have to be anonymous), office address (at least we know the place even if it's just a garage). And after that, the regulator decide to approve or reject. If it approved, they can make their Ann thread in this forum with regulator "approved sign".

Well it's just an opinion. It's all back to you guys to speculate money in crypto world.

My opinion is that ICO need a measure of regulation. We cannot in the pretext of decentralization throw everything to caution. Peoples resources and emotions are involved so it has to conform to some laid down rules. It must not be Government control. But there should be control.

[2bfree]

After so many projects going scam the Investors or just dying before launch anything, I start think about this. I believe a project that want to raise huge funds should be backed by something big too. I know most of ICO doesn't have enough money to start the project and release announcement of their ICO with almost free money (there's website hosting payment and or copy-writers fees).

There's no guarantee for the Investors the project will ends well or the funds can be repay if something about fail gonna happen. Even they use escrow for fund, I don't think it safe because most of them using escrow that we don't really know.
We can't see people lose their money anymore. We need a trusted company or an organization with trusted people behind its to be a regulator. So every company should register their project, introduce the team (decentralized project doesn't have to be anonymous), office address (at least we know the place even if it's just a garage). And after that, the regulator decide to approve or reject. If it approved, they can make their Ann thread in this forum with regulator "approved sign".

Well it's just an opinion. It's all back to you guys to speculate money in crypto world.

My opinion is that ICO need a measure of regulation. We cannot in the pretext of decentralization throw everything to caution. Peoples resources and emotions are involved so it has to conform to some laid down rules. It must not be Government control. But there should be control.

How about I control my money not you or a group or whomever. I ! That's freedom. You regulating me (or whoever) is tyrany. Get it! Now if you can't stand to loose money to the scam artist don't invest with the scam artist! I hate scam artist they are devil lovers but I'm not for regulating my option to loose my money to them! I want to be free and I want you to leave me alone!

[xuan87]

We need a rules or something to prevent us from being scammed there are already so many victim scammed by ICO but we don't need someone or organisation or anyone to regulate the coin, because the idea of using the coin is to not let anyone control or supervised the user, so the user really can feel the advantage of decentralisation

[2bfree]

We need a rules or something to prevent us from being scammed there are already so many victim scammed by ICO but we don't need someone or organisation or anyone to regulate the coin, because the idea of using the coin is to not let anyone control or supervised the user, so the user really can feel the advantage of decentralisation

I'm telling when I read these zombie posts it's like they hate to be free. I don't know what's wrong with them.

[gedor]

I think icos should be investigated carefully by some users in the forum but the truth that scam are not really good, just people are stupid.

[c0ldburn]

No we need a good platform to vet and present ICO's accurately to the community...

Conveniently CFI hits the exchanges on Monday (https://cofound.it/)  

[ApexEvo]

Maybe we can have a huge escrow-like web portal which has to inspect ICOs and holds them responsible if they don't deliver what was promised. If this becomes a standard, unverified ICOs will simply get ignored by investors, and therefore everyone would want to get inspected and verified for legitimacy. A seal of approval like this if granted would attract investors and their money.

Heck such a company can even be started with an ICO itself

Edit: Oh yea cofoundit, I totally forgot , but as far as I remember their business would mostly be to guide a company on how to make its ICO successful, not to guarantee us - the public if the said company is legitimate or a scam.

[BTCwriter]

Probably not, it is their money! These people who own cryptocurrency and participate in ICOs know what they're doing and the risk involved.

[European Central Bank]

it doesn't matter whether you need it or not, it's gonna come some day pretty soon. people elsewhere are starting to take notice.