ICO's killing crypto

[Drizzlepistol]

really 2017 was bad year for ICO even good powered ICO came with new idea that might help blockchain technology turned to be only profit collectors and main depends on WAVE\ETH assets. ETT was my last ICO which convince me to own special Tel number going to be used to secure communication privacy . 

all ICO do not improve any for blockchain tech. just collect money to develop their product

[stripykitteh]

really 2017 was bad year for ICO even good powered ICO came with new idea that might help blockchain technology turned to be only profit collectors and main depends on WAVE\ETH assets. ETT was my last ICO which convince me to own special Tel number going to be used to secure communication privacy . 

all ICO do not improve any for blockchain tech. just collect money to develop their product

I think some companies that announce they got a huge investment usually saves it for later use. It would be cool to see millions of dollars pumping Bitcoin.

[Youghoor]

But if the ICOs doesnt exist then there would not be almost any altcoins on the market, maybe 8/10 altcoins had initial coin offerings, so you are wrong with that.
but yes, the market is saturated by new icos, because the developers thinks that this is a fast way to become rich, and this is why there are a lot of new icos everyday, and i am not impressed by them anymore, since they all are the same, they promise too much, but they dont even do a 10% of what they promise.

[Tymbl]

I'd say scam ICO's are killing cryptos. Not legitimate ones. Unfortunately, too many so called entrepreneurs are catching the windfall on this

[naglas]

I would say nothing is killing crypto) It's a natural process, every new industry went through this... At first, it should be an uncontrollable start, then people who want to find some holes in the new rules appear, we need some time to develop law, and then we have more or less stable managed market.. nothing special

[CryptoCommander]

In my opinion ICOs are a necessary aspect of cryptocurrency evolution into mainstream society in coming years. Sure there have been a shit ton of bad ICOs/cash grabs but theres no denying that some of the innovation that these allow for has directly contributed to not only social acceptance as we are beginning to see it with the general public but also technical advances. They do need to be strictly regulated though imho.

[Tyrantt]

In my opinion ICOs are a necessary aspect of cryptocurrency evolution into mainstream society in coming years. Sure there have been a shit ton of bad ICOs/cash grabs but theres no denying that some of the innovation that these allow for has directly contributed to not only social acceptance as we are beginning to see it with the general public but also technical advances. They do need to be strictly regulated though imho.

Absolutely, it's not regulated at all and that can be a bad thing, everyone can start their own thing and basically pump n dump and yes, there are tooo many shit and scam coins that it's getting out of hand. No wonder they banned ICOs in China, there should be some filter to let the ones that are worth something get out to the world...

[Gnosis7777]

It begins:

https://www.sec.gov/news/press-release/2017-176

Washington D.C., Sept. 25, 2017—
The Securities and Exchange Commission today announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related misconduct

The Cyber Unit will focus the Enforcement Division’s substantial cyber-related expertise on targeting cyber-related misconduct, such as:

• Market manipulation schemes involving false information spread through electronic and social media
• Hacking to obtain material nonpublic information
• Violations involving distributed ledger technology and initial coin offerings

[Simu111]

Dear,
I like ICO because it have a great opportunity for us.
Marketing is very important to development any product or items. So I think it,s most preferably for any company's,
or country.

[smith136]

I think it is very isolated case in china since most of past ICOs there turn out to be scam that's why china is trying to put some regulations on it but there are a lot of upcoming ICO from legitimate people because they know that ICO is a good project, good investment and does a lot of income.

[SM23031997]

don't think the ICO scam are killing crypto but the people who fall for these scams will get a lesson. They will learn the basics of investment how, when and where to invest. Although, It is very bad as some people lose their money, If we look it from a different perspective it will help the bitcoin to grow more as the most users move towards bitcoin after this.

[loonb]

Peoples adopting to crypto world with ICOs. I don't agree with you ICOs are not killing crypto and they are forcing crypto.

[unusualfacts30]

Free market takes care of itself, there aren't as many scam ico than there were few years ago. Investors get smart overtime and learn to do their research before investing. Do you really want government telling you where to spend your money? because that's what regulation would do. It would make it more centralized. Is it a good thing or bad thing? there are prons and cons but I prefer wild west than centralization which would make everything not so anonymous and make no mistake, just because it's regulated doesn't mean there won't be scam.

[e11io]

ICOs are just one more way of raising funds.

[Hyperme.sh]

ICOs are just one more way of raising funds.

Please study the facts.

Crackdowns are coming eventually. China just the first salvo of what is coming from regulators in major nations.

Interventions to free market doesn't work ideally. The market can decide whether a project is valuable or no.

That is why we live in societies without any police and we allow the most corrupt to sell empty bags to greater fools to crash the economy is a massive Ponzi scheme that envelopes all the people in a mass mania such as the South Seas Bubble or the Tulip Bubble.

That is known as a Tragedy-of-the-Commons, because it’s a power vacuum that is captured by the most corrupt. It’s an inefficiency in the free market from a localized temporal perspective.

Corruption was Crazy during 19th Century




Regardless of whether that form of laissez-faire capitalism is better or not, the securities regulators and laws are a reality we have to contend with.

[Despacito]

Free market takes care of itself, there aren't as many scam ico than there were few years ago. Investors get smart overtime and learn to do their research before investing. Do you really want government telling you where to spend your money? because that's what regulation would do. It would make it more centralized. Is it a good thing or bad thing? there are prons and cons but I prefer wild west than centralization which would make everything not so anonymous and make no mistake, just because it's regulated doesn't mean there won't be scam.

That's the real idea people should beware of. Interventions to free market doesn't work ideally. The market can decide whether a project is valuable or no.

[b4h4mu7]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

Ethereum is facilitating a wave of shitcoins and most will never see the light of day. The coin itself is a shitcoin that can't even perform a basic function of a cryptocurrency i.e. multisig. The only thing propping it up is the perpetual token sale whereby investors have to buy ETH to buy said token. It was setup to be a crypto ponzi scheme to attract regulators to this market and that's essentially what it is - a trojan horse.

https://news.bitcoin.com/ethereums-parity-client-users-lose-millions-multi-sig-hack/

It's backed by big bankers from Wall Street who have developed an automated shitcoin factory with ETH as the center spoke of the wheel. A nice PSD will get you 30 million in funding sometimes more. Vitalik Buterin is nothing more than a front man for the big bankers. They figured he was some kind of authority in Bitcoin since he co-founded bitcoinmagazine.com so they hyped him up as the next Albert Einstein and all the idiots on Main Street ate it up.

ICOs have been around way before Etheruem was even an idea. The reason why it didn't attract regulators is because it required a minimum technical understanding of the Bitcoin protocol to launch a cryptocurrency to hold a premine for the ICO. Now every dip shit in silicon valley and on Wall Street is trying to launch their own token through it. Some even promoting integration with VISA and Mastercard.. Bitcoin and cryptocurrency was never meant to co-exist with VISA or any other payment processor for that matter - it was meant to replace it.

Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
https://bitcointalk.org/index.php?topic=1391350.0

Silicon valley and wall street are co-opting Satoshi's movement to co-exist with the current system instead of replacing it. If it keeps going down this road this movement will die and be remembered as a tulip bulb bubble. By investing in these ICOs and supporting Ethereum YOU are responsible for contributing to the downfall of this legendary movement that has the potential to completely disrupt the central banking system and the debt slavery cycle that has imprisoned mankind for over 100 years.

Shitcoin projects like Civic who are promoting identity based cryptocurrency as a de facto standard are also contributing to the downfall of this movement. I wouldn't be surprised if that is a government project meant to derail this movement and discredit Bitcoin and it's counterparts. Why do we need identity based cryptocurrency to replace Bitcoin or any other cryptocurrency? When you strip away all the fancy GUI wallets and the mobile applications all cryptocurrency is just data on your computer that you can transfer through a transmission protocol. If an identity is mandated for a file on your computer, then where does this end? Must an meme or gif also have a digital identity signature? How about a word document you send to a journalist through a peer to peer transmission? Do you see where this is going?

https://cryptoinsider.com/civic-blockchain-solution-combat-cybercrime/

The downfall of crypto was premeditated by the central banks:

1) China ban
2) Dimon discredits Bitcoin ("This will end badly"- Dimon)
3) G-8 slaps North Korea with sactions
4) China cuts trade ties with North Korea

What comes next (end goal)

5) All governments of the world accuse North Korea of using Bitcoin to fund their weapons program and attempt to impose draconian regulation (this is coming and will mark the biggest test for Cryptocurrency)

https://www.bloomberg.com/news/articles/2017-09-11/north-korea-hackers-step-up-bitcoin-attacks-amid-rising-tensions
http://www.businessinsider.com/north-korea-allegedly-stole-bitcoin-from-south-korea-2017-4
https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/
https://www.cnbc.com/2017/09/12/north-korea-hackers-trying-to-steal-bitcoin-evade-sanctions.html

This narrative is the same one pushed by the mainstream media with regards to Iraq and it's WMD program. Similarly, they cite no evidence of North Korea using Bitcoin yet they'll keep regurgitating this talking point until it the banhammer comes down. The Potcoin project is also to blame for this facilitating this narrative when they sent Dennis Rodman over there in Potcoin attire.

[Nerman]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

In some sense i agree with this i know that if we do not have initial coin offering we would'nt have neo,ripple, eth etc. But there are group of people who are using initial coin offering as a scheme.

[Getmon]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

ICOs are indeed full of scams and they are freely roaming the ICO streets without any law that strictly prevents them from multiplying. China is reacting to this properly as regards the ICO ban. But there will still be another law that would only put regulation in place of the ban because ICO is still widely used by good projects.

[Capt00]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

You're right, ICO are ethereum provider. Anyway, we can benefit them also and still there's a big rewards in joining their campaign.
And some ICOs are successfully launch, but some of them are vanished in the middle of their campaign(scam).