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Author Topic: Is ICO regulation good or bad?  (Read 31491 times)
nomenclatur
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September 29, 2017, 09:42:00 AM
 #121

I think ICO regulation is good! Too many ICO scam!

That's not the reason ICO should regulate, But the uncontrollable market cap of cryptocurrency are inflating. The government is worried about this because it's really affecting the economy of an estate because people can invest freely without a tax. ICO regulation is good but the FUD around is very bad and dragging crypto price down.

The problem is that no one can set ICO in online business because they do not have an official office in their country, the Government can not manage the business that comes from other countries let alone can not arrange anything that happens in internet business. I do not think this is effective and the only solution is the establishment of an escrow made by the government legally.


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sheld0n (OP)
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September 29, 2017, 10:06:24 AM
 #122

It is also a good opportunity for small businesses which struggle to get loan from banks. In many countries only big and international operating companies get a loan for investment with fair conditions. In Europe you can see this in many southern states like Italy, Spain, Portugal etc. Same holds to many other countries in the world. ICOs fill a economical gap in my view. But they must be regulated.

ICO regulation is good for the economy growth of the country.it should not be banned.ICO is a very good investment for individuals.but it should be regulared
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September 29, 2017, 10:46:56 AM
 #123

 ICO regulation bad or good Huh i think it depends on the regulations itself i mean what censorship and restriction will imposed on ?[/color]
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September 29, 2017, 10:53:02 AM
 #124

Bad, because governments will use it to get their foot in the door and regulate everything, one day soon you may need a licence to trade.

That's why we need to start using decentralised exchanges like Waves and Bitshares, and getting our money out using local bitcoin. Make it so they can't regulate anything.

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September 29, 2017, 11:05:39 AM
 #125

there are positives and negatives to this, on one hand it will push the scammers away, which is good, on the other hand it would introduce a system which is no longer decentralized, automatically defeating the true purpose of ICO in the first place.
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September 29, 2017, 11:21:11 AM
 #126

ICOs is one of the best things we have for the economy , people, and the progress of the world! ICOs give power to people with vision to bring ideas to light and other people to help come true! Think Steemit, Think Lykke, Thing SiaCoin, etc etc these ware ICOs, and this form of investment just started! Is the future and governments for another one time destroy humanity progress for their self fish interests, TAXES
Regulations is the only thing that Govs care, and I don't like the idea of regulations. This may give common people more effort to invest to ICOs but knowing that govs doing this just for the taxes I don't like it! 20% of ICO money will go to gov from now on. I don't like this fact  Angry

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September 29, 2017, 11:28:20 AM
 #127

there are positives and negatives to this, on one hand it will push the scammers away, which is good, on the other hand it would introduce a system which is no longer decentralized, automatically defeating the true purpose of ICO in the first place.

Completely agree with this statement.. there must be a happy medium to strike between weeding out all the scam projects out there and then keeping the awesome idea of ICOs alive in its current form where it allows a democratisation of who get to invest in companies that aren't of a traditional IPO size and maturity.
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September 29, 2017, 11:37:06 AM
 #128

There are many fake/scam ICOs that needs to be given specific actions. Though there are some good ICOs that gives a nice amount of bitcoin there is a greater number of ICOs that are considerably fake.
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September 29, 2017, 11:39:42 AM
 #129

If the regulation is made in a good way, it's a good point. The market is a mess right now, and everybody knows that the cryptocurrencies are way too volatile...

Yes, I agree with you, the most important thing is how to regulate the ICO, I think the Chinese government did a wrong way since they ban the ICO and even close all the exchanges.


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September 29, 2017, 11:54:17 AM
 #130

Every top regulation is bad. Every regulation means that somebody is in furious, that easy bites takes from him away.
No one  of his own will does not think of other people. Especially bankers or rulers.
People whose was became cheated a couple of times, they will warn themselves about cheaters.
The market itself will determine the rules of operation.
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September 29, 2017, 11:54:53 AM
 #131

its bad to have regulation on a decentralised system. its your fault for throwing money at a scam

Exactly, all these people calling for regulation are handing cryptocurrencies over to central banks, Goldman Sachs and J.P Morgan. These people would love to regulate cryptocurrencies the way they do gold and fiat. This is a club, and we ain't in it.

The people who lost money on ICOs, it's your own damn fault, you have nothing to blame but your own FOMO and lazyness. Many of these scams looked dodgy from the start, with only a little research.

If governments step in it will be the end of cryptocurrencies as we know them, they will keep taking inches until they take a mile. Doing simple transactions will require I.D, they will want to know everything you're doing. Just like when you want to withdraw large amounts from the bank and you get asked questions.

The complete opposite of what cryptocurrencies are supposed to be, decentralised peer-to-peer trade.

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September 29, 2017, 12:02:10 PM
 #132

Never the pension funds will not invest in cryptocurrencies. This is a very risky and unpredictable asset. In the event that the pension Fund go bankrupt would be more problems that will fall heavy on the budget. For this reason, the government will not invest in crypto. The government cannot ban the cryptocurrency. About reliable regulation not even dream of. I think that all official bodies will be to stay away from cryptocurrencies.

 
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September 29, 2017, 12:57:35 PM
 #133

Regulation is a good thing as absence of regulation does not mean absence of control in most cases -  it's just control by greater market participants or project leads then. Also it's likely the only way to establish lasting relations with other financial institutions.

I think working with some countries may turn out too taxing, there are many who would want to get too much own control on what is mostly international projects.
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September 29, 2017, 03:21:16 PM
 #134

ICO regulation's I am fine with, but I don't want it to blow over to bitcoin and get bitcoin more regulated (for as far as that would be possible).
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September 29, 2017, 03:25:08 PM
 #135

ICO regulation is good for the economy growth of the country.it should not be banned.ICO is a very good investment for individuals.but it should be regulared

Regulation is important from the point of view of investors in order to safer guard their money. It is possible that after raising the ICO they investors can vanish leaving you in a loss or due to manipulation the prices crash after ICO etc so this all can be avoided if its regulated. Yes for investor we can get in Pre - ICO stage of ICO coins at some discounted rates.
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September 29, 2017, 03:29:18 PM
 #136

Regulation is a good thing as absence of regulation does not mean absence of control in most cases -  it's just control by greater market participants or project leads then. Also it's likely the only way to establish lasting relations with other financial institutions.

I think working with some countries may turn out too taxing, there are many who would want to get too much own control on what is mostly international projects.

I think the decentralization means out of control for the government, so they do not like this mode and they want to control it by themselves, so we should not hope the regulation will bring much good news for crypto world.


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September 29, 2017, 04:05:12 PM
 #137

I think ICO Regulation is very good so there is no scam ICO and also no money laundry action. The regulated ICO will also increase the investor's confidence in the ICO project. And also can protecting investors from fraudulent acts.

SmartContracts for SmartContracts? With all regulations come corruption .... that's what I think.
thats right, i think the rules will only lead to corruption, maybe some ICO will take a bribe on those who make the rules so they can get in the list of ICO that according to the regulation, i think it would be better like this situation, scam will always there, so you must have the skills to be able to avoid ICO scam
AlexSun
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September 29, 2017, 04:19:58 PM
 #138

I think that there is no one answer on this question.
Some ICO's are bullshit, and some not. The same with "normal" companies: some of them are great, and some of them are bankrupt after few months.
But... noone says: we will be regulating market of normal companies and methods of financing them Wink
Simple life - we have risk everywhere.
Surrapatt
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September 29, 2017, 04:26:39 PM
 #139

ICO Regulation is a good action, so that no one arbitrarily collect investors' funds only for themselves by launching shitcoins. I strongly agree and will definitely have a good impact for ICO in the future.
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September 29, 2017, 05:07:58 PM
 #140

IOC regulation is a good thing, caused it's a disciplined way to efforts a project. I think it's makes sense about success of the project.
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