I don't agree that ICOS gonna end in matter of time. I believe there will be lot more regulated icos incoming. So it will be harder to cheat people. There could be less ICOs than right now but it is still going to better.
It’s the end of ICOs in terms of:
Additionally, as I have pointed out numerous times already, the ICO-issued tokens (even if legally issued) will be at best illegal to trade on non-regulated exchanges and via P2P spending (and at worst unregistered and illegal to trade). IOW, an ICO-issued token becomes encumbered with future regulation issues and is entirely unsuitable for a decentralized ledger cryptocurrency token.
They ICO-issued tokens will become regulated in the manner stocks are. They will trade on regulated exchanges. You can’t spend them to another person like a cryptocurrency. Thus they can’t actually be used on the decentralized ledger. They won’t legally be able to have any utility other than perhaps to be burned as some form of utility. The main benefit over stocks might be there will be more exchanges (not just the Dow Jones and NASDAQ).
If the regulators were to allow ICO-issued tokens to trade freely (i.e. as a cryptocurrency), then they will have lost control over rampant, fraudulent speculative tragedy-of-the-commons mania.
Additionally until nations are able to harmonize their securities regulation, ICO-issued tokens will have to issued according to
a particular nation’s securities regulation, and thus not be suitable way to raise funds from the crypto community globally.
We’ve been in a situation where the rules are very uncertain with many different nation-state jurisdictions. And it is very legally risky for anyone to be involved with ICO-issued tokens in any way, even buying and selling them. Yet only now are readers beginning to wake up to the legal risk they face and contemplate if they better stop trading ICO-issued tokens. Yet so many others are dominated by their greed and will continue to attempt to trade ICO-issued securities under the assumption that the governments can’t incriminate so many people. I think they’re gravely mistaken. The reason the regulators are stepping in now, is to stop it
before the number of people incriminating themselves is too great.
It is possible that ICO-issued tokens could continue to trade clandestinely but the key players will be hunted down and punished. Those ICO-issued tokens will not be mainstream. Law abiding public will shun them.
Filecoin is
not a counter example.
