there should be some regulations about icos worldwide
The question is how would governments enforce such regulations. I can imagine that Bitcoin breaks several laws in several legal jurisdictions, but governments can't do much about it because due to its decentralized nature, there's no some specific target (person or legal entity) government can go after. You see governments targeting crypto to fiat exchanges, precisely because exchanges are legal entities registered in some jurisdiction. But in the end, this won't stop Bitcoin. It certainly affects its price, but it won't stop it.
Back to ICOs. If I were to anonymously create a new ERC-20 token through a smart contract, promote it over at 4chan and sell it off in ICO style, who's gonna stop me? Who's gonna bring a legal action against me? If some government declares my token illegal and ban its trading, how are they going to enforce that? Ban 0x protocol? Good luck with that.
I don't like regulation in general the people have their heads and should decide themself what they want and can do or what they can't.
Exactly. Do you own homework. Don't rely on your government to protect you from strange danger on internet. It seems to me that everyone here wants 1000x profits without any associated risks and that's not how the world works.
Moreover, as a investor I really don't give a sh.t if my investment fails due to team's inability to deliver promised product or if I lose my money due to ICO being the scam. That fact that I might be scammed just makes me more selective that's all.
Yeah exactly. You lose once you learn we are not fck school children. Have been scammed once and I learned my lesson no need for the fck government to educate us!
