BenchCoinToken (OP)
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Activity: 110
Merit: 10
BenchCoin: A Digital Student Property Enterprise
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September 03, 2017, 08:08:41 PM |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Affilate User
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September 03, 2017, 08:20:43 PM |
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Maybe this will be good for old coins, and coins already in the big market, this is good for old crypto users, especially now too much ICO, maybe this is the right step, we will invest in an existing project since a long time ago
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DigitalLemming
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September 03, 2017, 08:23:33 PM |
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No surprise this is happening the ICO's were getting out of hand becoming harder and harder to pick the legit projects. Sucks that it has to be done like this if only people were not greed driven scam artist this may not have been an issue.
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Rising Suns
Newbie
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Activity: 42
Merit: 0
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September 03, 2017, 08:24:36 PM |
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I don't think this series of events signals the end of ICOs. Regulation is inevitable. The strongest ICOs will still find a way to succeed, with or without government regulation.
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X-ray
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September 03, 2017, 08:40:51 PM |
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these ICO will seem to be continued even without chinese investors. or, the chinese investors will find a way to avoid the government regulation and will still follow any ICO freely.
i think that the government will be struggling finding the ico investors from china since they fully use cryptocoin for the funding and they have no control over the blockchain
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XbladeX
Legendary
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Activity: 1302
Merit: 1002
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September 03, 2017, 08:45:44 PM |
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Market doesn't carre too much when is pump then is pump. It will be hardeer promote skams since profit sharing is being abandoned while this one is best option of all rest utility tokens are pice of shiet mostly. Not all but many of them are poor quality stuff. |
Request / 26th September / 2022 APP-06-22-4587
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ammosov
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September 03, 2017, 08:54:21 PM |
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Not surprised. This is a channel to take money from China offshore - which is probably how many Chinese ICO investors see it. Buy here for RMB, sell there for USD. Bingo! Apparently, the stream grows fast enough for Chinese Government to take preventive action.
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pavelna07
Member
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Activity: 63
Merit: 10
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September 03, 2017, 09:13:54 PM |
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I don't think this series of events signals the end of ICOs. Regulation is inevitable. The strongest ICOs will still find a way to succeed, with or without government regulation.
I agree, it will not be the end of Initial Coin Offerings, the strong projects with substance will always find the way. I also would like to point out that SEC is targeting Token used as a security not currency. |
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guesswhat
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September 03, 2017, 09:14:52 PM |
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This won't be happening. Countries can take regulations, but this will never help them regulate the ICO structure barely. This will only a fear factor for ICO conducters that's all. They can create companies in Singapour, Cayman Islands etc. They keep it anyway. |
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aioc
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September 03, 2017, 09:23:38 PM |
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This won't be happening. Countries can take regulations, but this will never help them regulate the ICO structure barely. This will only a fear factor for ICO conducters that's all. They can create companies in Singapour, Cayman Islands etc. They keep it anyway. You are right, they can control some organization but not all since that regulation is only applicable to some countries, but since majority of ico are born here the bitcointalk can regulate it and to some extend weed out scam ico's |
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ammosov
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September 03, 2017, 09:31:45 PM |
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This won't be happening. Countries can take regulations, but this will never help them regulate the ICO structure barely. This will only a fear factor for ICO conducters that's all. They can create companies in Singapour, Cayman Islands etc. They keep it anyway. However, to do this one has to first expatriate money from China, US etc to Signapore, Cayman etc. |
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BigBoy89
Legendary
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Activity: 1512
Merit: 1011
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September 03, 2017, 09:44:55 PM |
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No, this will not stop the ICO boom. If you check ICO raised funds statistic, you will see 800%+ increasing of volume in less than 6 moths. Now we are seeing ICO picks and governments are just trying to get their cut. |
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Glok17
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September 03, 2017, 09:51:38 PM |
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There's a lot of very bad quality projects nowadays. Way too much. I think only best project must survive. Maybe these regulations will help somehow (projects will need good lawyers?).
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mdgabrielzim
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September 03, 2017, 10:00:27 PM |
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The regularization of ICOS would be a great help to users, as it would be a great filter and the percentage of being a fraud would be much lower.
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tsaroz
Legendary
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Activity: 2940
Merit: 1069
★Bitvest.io★ Play Plinko or Invest!
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September 03, 2017, 10:01:32 PM |
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This won't be happening. Countries can take regulations, but this will never help them regulate the ICO structure barely. This will only a fear factor for ICO conducters that's all. They can create companies in Singapour, Cayman Islands etc. They keep it anyway. However, to do this one has to first expatriate money from China, US etc to Signapore, Cayman etc. I too consider ICOs needed to be regulated one way or other. With the growth in the number of ICOs, we started seeing a lot of ponzis. Ponzi is a risky investment and it's the government who has to take steps to secure it's citizens. |
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olliejjc16
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September 03, 2017, 10:07:04 PM |
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ICO's wont end, they might become regulated eventually but not for a while yet, at least outside the US and China
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Yurickz
Member
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Activity: 110
Merit: 10
To the Moon!
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September 03, 2017, 10:28:37 PM |
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I do not think it will be the end of ICO's, tho they are in serious need of being regulated ... or at the very least scare away ones that are only in it to make a quick buck. I still think there are a lot of very good upcoming ICOs that have proven themselves to be legit.
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Glok17
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September 04, 2017, 12:29:06 PM |
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And here comes the update from China  Everything is red, how deep BTC/ETH will fall? |
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Koadharber
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September 04, 2017, 12:35:22 PM |
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This won't be happening. Countries can take regulations, but this will never help them regulate the ICO structure barely. This will only a fear factor for ICO conducters that's all. They can create companies in Singapour, Cayman Islands etc. They keep it anyway. You are right, they can control some organization but not all since that regulation is only applicable to some countries, but since majority of ico are born here the bitcointalk can regulate it and to some extend weed out scam ico's End of ICO isnt really an appropriate word to be used.It maybe regulated but not all countries do really have the same decision regarding on this field on which its really still possible to join or invest on ICO. They might do such act but it cant really stop completely. Scam Ico's cant really be avoided and this is really a responsibility for a certain investor to look at and to be awared of. |
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vectisitch
Legendary
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Activity: 1927
Merit: 1004
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September 04, 2017, 12:36:33 PM |
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greta news. now maybe the decent coins that have bee naround for a while will start to pick up. ico's are mostly ripoffs.
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