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Author Topic: Is ICO regulation good or bad?  (Read 30872 times)
Butchick
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October 08, 2017, 03:19:42 AM
 #201

Regulating icos is good in a sense that we can somehow eliminate the possibility of being victims from fake or scam icos this, making our investments safe. Although regulating icos may also cause some slight delays on distribution since there will be certain standards that needs to be met. Over all though, it more likely leans to positivity when it comes to safety and security.

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ludovicvuillier
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October 08, 2017, 03:57:00 AM
 #202

Is not necessary something bad. But how can you be decentralised and at the same time regulated?

Am finding it hard for projects who appeared decentralised to become regulated.

Yes this would bring a great shift of billions into the community, with all of the downfalls that come with it Sad

The technology can be decentralized but the company setting it up needs a legal jurisdiction anyway and that may not be regulated.

Our ICO won't be regulated, though we are fully transparent, but after that we will add more legal jurisdictions on purpose so that we will be regulated.

Should ICOs be regulated? As with everything there are pros and cons. It depends on the level of regulations. I think there should be guidelines, like that it won't make it too expensive to start an ICO but those guidelines will greatly limit the ability of less than honorable ICOs to happen as is unfortunately the case right now. Like that an ICO that does not abide by the guidelines can be blocked.

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October 08, 2017, 04:09:32 AM
 #203

It's happening to stop individuals and organizations that don't meet gov criteria (they get their cut of the pie) from profiting without going through those same institutions that crypto is designed to bypass. It's pretty obvious if you think of it. Bankers control politicians, politicians control regulatory branches and once again the people are getting squeezed out.

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October 08, 2017, 04:30:40 AM
 #204

More and more countries are planning to regulate ICOs. China, Canada, Russia,... I think this in an development nobody can stop. Do you think it is good or bad that ICOs will be more regulated in the near future? What positive and negative influences will it probably have?

I think there will be more investors like professional managed funds or even retirement funds which will invest into ICOs. The prices for ICOs will then become even more expensive and make it more difficult to make profits for small investors.
I think it's pretty good if ICO is governed by the state. because the country will minimize the many ICO Fraud happening right now.
as for the effect that will happen is not going to many ICO that will roam freely.
DeltaX
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October 08, 2017, 04:32:09 AM
 #205

I don't know if regulation would be the correct one, but should yes end up with so much ICO scam that is being released. This is all the fault of the ETH.
Regulation will become a best decision to avoid the scam ico but what the heck are you doing by blame the ethereum as a thief in this case, look at your self dude, you are promoting icos. and it may run in the ethereum platform too.
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October 08, 2017, 04:42:05 AM
 #206

As ICO regulations imposed, of course for the good of the entire community. And everyone in this forum can gained benefits from this,. Actually this is just a way in order to have a smooth transaction or flow in the forum that give a huge impact in the crypto world.

CasualSam
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October 08, 2017, 04:54:43 AM
 #207

I don't know if regulation would be the correct one, but should yes end up with so much ICO scam that is being released. This is all the fault of the ETH.

It has gotten worse since eth, but ico scams were always a problem.
XFlowZion
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October 08, 2017, 07:00:18 AM
 #208

Good for me because every month I can say that 1/100 ICO announcements is legit.
vasavala
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October 08, 2017, 06:17:58 PM
 #209

Every difficult thing connected with money should be regulated. But we need a special organization which regulates it without corruption and not for personal purposes.
Hueristic
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October 08, 2017, 09:33:45 PM
 #210

The problem is all the morons that just buy in without doing their due diligence gives the regulators a reason to step in.

DO YOUR FUCKING HOMEWORK!!!

And if you don't know how pay someone to do it for you.

We don't need any fucking nanny state stepping in we already have fucking banks goddamn it.

steveouttrim
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October 08, 2017, 10:56:29 PM
 #211

I agree with Hueristic, the answer is more due diligence, not more regulation. Don't expect the government to do your due diligence for you. I expect more professional firms and funds will emerge that offer this filtering service for investors, taking a small percentage for their troubles. Probably worth it to reduce risk and improve returns.
ludovicvuillier
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October 10, 2017, 06:14:10 AM
 #212

I agree with Hueristic, the answer is more due diligence, not more regulation. Don't expect the government to do your due diligence for you. I expect more professional firms and funds will emerge that offer this filtering service for investors, taking a small percentage for their troubles. Probably worth it to reduce risk and improve returns.

I have personal experience with regulation - I'm an advisor to a company that helps firms get regulated. I can tell you that some regulations are just simple rubber stamps that provide no real value to consumers/ investors; whereas some regulation procedures weed out the filth that an individual may not be able to weed out without investing a lot of money.
And please don't be offended but the idea that private firms have less bias/ interest than a government is very naive.
Such firms will exist anyway to weed out the good investments from the bad investments but that is unrelated to regulation.

hisuka
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October 10, 2017, 06:21:41 AM
 #213

Every difficult thing connected with money should be regulated. But we need a special organization which regulates it without corruption and not for personal purposes.
This means that we should undergo of verifying of which ICO is good before investing. Aside from regulations there is need of whole surveillance of all ico's to filter which is good and bad. These is needed for all users, investors because these way can lessen those scam project.
ludovicvuillier
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October 10, 2017, 06:33:41 AM
 #214

Every difficult thing connected with money should be regulated. But we need a special organization which regulates it without corruption and not for personal purposes.
This means that we should undergo of verifying of which ICO is good before investing. Aside from regulations there is need of whole surveillance of all ico's to filter which is good and bad. These is needed for all users, investors because these way can lessen those scam project.

The problem isn't only scam projects. The problem is also criminal money being laundered via ICOs.

koumpesbtc
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October 10, 2017, 06:40:05 AM
 #215

I don't know if regulation would be the correct one, but should yes end up with so much ICO scam that is being released. This is all the fault of the ETH.

Regulation is very good, exactly because of all these scams that float around us. ETH may have enabled somehow scams but it not the one to blame. People made the scams not a coin. Those are to be blamed, because they are the ones giving this really free market a bad name. They are giving the excuse to bank propaganda that paints black crypto currency. They are the ones that drive away people from investing in real ICOs that actual need funding.

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jyotianand01
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October 10, 2017, 06:55:44 AM
 #216

Regulations are always healthy for any thing otherwise anyone can do illegal activity, whather it's forex, cryptocurrency or any money market. IF market regulated, then no one do fraud with its investors as he knows that stringent action will be taken against him if he disown regulations and no one ignore rules and it makes market healthy and sustainable.

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ludovicvuillier
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October 10, 2017, 06:57:41 AM
 #217

Regulations are always healthy for any thing otherwise anyone can do illegal activity, whather it's forex, cryptocurrency or any money market. IF market regulated, then no one do fraud with its investors as he knows that stringent action will be taken against him if he disown regulations and no one ignore rules and it makes market healthy and sustainable.

I half agree with you. Fraud will always happen since some firms just pay the fines and move on. I work in the industry and I guarantee you that the amount of fines some companies pay and just continue their business in the same way is astounding.

Having said that, I do believe regulation is a good thing (which is why I am working on it with our ICO) since it greatly lowers those possibilities.

wavespump
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October 10, 2017, 06:59:47 AM
 #218

It is good, but ban whole ICO like China is bad, they did silly regulations to ban all.
ludovicvuillier
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October 10, 2017, 07:07:09 AM
 #219

It is good, but ban whole ICO like China is bad, they did silly regulations to ban all.

They're starting to backtrack on it. I believe they never intended the ban to be long term. They're too focused on the long term to make such a mistake.

sculptoris
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October 10, 2017, 07:10:03 AM
 #220

The final goal of any regulation is protection. Ok, maybe in the perfect world. But anyway, I believe "ICO regulation" is not a single, pre-defined substance so that we could say whether it is good or not. One regulation might be good, another one might be bad. What seems to be more interesting to me is what a good regulation is or would be (along with what a bad one is as well).
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